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Rating agencies doubt France's target to cut massive debt

Two major ratings agencies left their assessment of France's huge debt pile unchanged Friday, but cast doubt on the government's debt reduction target.Moody's maintained...

Panama plans dry alternative to drought-hit canal

Panama on Wednesday unveiled plans for a "dry canal" to move cargo between the Pacific and Atlantic oceans due to low water levels in...

US Fed 'within striking distance' of inflation target: official

The US Federal Reserve is "within striking distance" of reaching its long-term inflation target and could begin cutting interest rates this year, a senior...

US states relax child labor laws amid rise in illegal work

Working in industrial laundries at age 14, laboring up to 35 hours a week on top of school -- some US states are relaxing...

Why a surprisingly strong US economy is pushing up bond yields

Yields on the 10-year US government bond are flirting with a 15-year high this week, amid growing fears that strong growth and low unemployment...

UBS against the clock in Credit Suisse takeover talks

UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure...

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