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<span style="font-size:14px;"><strong>Detroit Files Plan to Fix Debt, Leave Bankruptcy</strong></span></div>
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<span style="font-size:14px;"><strong>Eurozone business Growth Slows </strong></span></div>
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<span style="font-size:14px;"><strong>Japan’s Trade Gap Sets New Record</strong></span></div>
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<span style="font-size:14px;"><strong>Emerging Asia’s Wealth to Overtake US by 2015</strong></span></div>
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Despite being home to some of the poorest people in the world, financial wealth in emerging Asia is set to outpace that of the US by 2015, HSBC analysts have found. The investment bank said that the rise of Asian wealth which powers luxury sales, for example, has been stupendous. As a result, Asia, including Japan, has more than tripled its financial wealth since 2001 to just over $80 trillion, HSBC analysts found.</div>
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<span style="font-size:14px;"><strong>Detroit Files Plan to Fix Debt, Leave Bankruptcy</strong></span></div>
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<div>
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<span style="font-size:14px;"><strong>China Removes $ 8bn from Money Markets </strong></span></div>
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<span style="font-size:14px;"><strong>Eurozone business Growth Slows </strong></span></div>
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Nepal And The World News In Brief (24 February - 2 March 2014)
2 min 14 sec to read
Japan’s Trade Gap Sets New Record
Japan’s monthly trade deficit has more than doubled to a new record after a weakened currency drove up the cost of fuel imports while exports slowed. Japan’s trade gap rose by 71 per cent to 2.79 tn yen ($27.3 bn) in January from a deficit of 1.3 tn yen in December.
Emerging Asia’s Wealth to Overtake US by 2015
Despite being home to some of the poorest people in the world, financial wealth in emerging Asia is set to outpace that of the US by 2015, HSBC analysts have found. The investment bank said that the rise of Asian wealth which powers luxury sales, for example, has been stupendous. As a result, Asia, including Japan, has more than tripled its financial wealth since 2001 to just over $80 trillion, HSBC analysts found.
Detroit Files Plan to Fix Debt, Leave Bankruptcy
Detroit’s emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens. The plan, which still needs approval from a bankruptcy judge aims to pour money into the city’s aging infrastructure and clean up the city’s blighted neighborhoods by demolishing decrepit homes.
China Removes $ 8bn from Money Markets
China’s central bank has removed nearly $8bn from the money markets in a bid to control the amount of credit in the country’s financial system. According to reports, the People’s Bank of China (PBOC) did so by issuing 14-day forward bond repurchase agreements, also known as forward repos. It is the first time since June the PBOC has used forward repos, and comes after China released unusually strong economic data earlier this year.
Eurozone business Growth Slows
Business growth in the Eurozone eased this month but the bloc’s economy continued to expand at a “robust pace”, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers’ index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.
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<span style="font-size:14px;"><strong>Japan’s Trade Gap Sets New Record</strong></span></div>
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<span style="font-size:14px;"><strong>Emerging Asia’s Wealth to Overtake US by 2015</strong></span></div>
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Despite being home to some of the poorest people in the world, financial wealth in emerging Asia is set to outpace that of the US by 2015, HSBC analysts have found. The investment bank said that the rise of Asian wealth which powers luxury sales, for example, has been stupendous. As a result, Asia, including Japan, has more than tripled its financial wealth since 2001 to just over $80 trillion, HSBC analysts found.</div>
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<span style="font-size:14px;"><strong>Detroit Files Plan to Fix Debt, Leave Bankruptcy</strong></span></div>
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<span style="font-size:14px;"><strong>China Removes $ 8bn from Money Markets </strong></span></div>
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<span style="font-size:14px;"><strong>Eurozone business Growth Slows </strong></span></div>
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Business growth in the Eurozone eased this month but the bloc’s economy continued to expand at a “robust pace”, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers’ index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.</div>',
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<span style="font-size:14px;"><strong>Japan’s Trade Gap Sets New Record</strong></span></div>
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Japan’s monthly trade deficit has more than doubled to a new record after a weakened currency drove up the cost of fuel imports while exports slowed. Japan’s trade gap rose by 71 per cent to 2.79 tn yen ($27.3 bn) in January from a deficit of 1.3 tn yen in December. </div>
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<span style="font-size:14px;"><strong>Emerging Asia’s Wealth to Overtake US by 2015</strong></span></div>
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Despite being home to some of the poorest people in the world, financial wealth in emerging Asia is set to outpace that of the US by 2015, HSBC analysts have found. The investment bank said that the rise of Asian wealth which powers luxury sales, for example, has been stupendous. As a result, Asia, including Japan, has more than tripled its financial wealth since 2001 to just over $80 trillion, HSBC analysts found.</div>
<div>
</div>
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<span style="font-size:14px;"><strong>Detroit Files Plan to Fix Debt, Leave Bankruptcy</strong></span></div>
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Detroit’s emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens. The plan, which still needs approval from a bankruptcy judge aims to pour money into the city’s aging infrastructure and clean up the city’s blighted neighborhoods by demolishing decrepit homes.</div>
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<span style="font-size:14px;"><strong>China Removes $ 8bn from Money Markets </strong></span></div>
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China’s central bank has removed nearly $8bn from the money markets in a bid to control the amount of credit in the country’s financial system. According to reports, the People’s Bank of China (PBOC) did so by issuing 14-day forward bond repurchase agreements, also known as forward repos. It is the first time since June the PBOC has used forward repos, and comes after China released unusually strong economic data earlier this year.</div>
<div>
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<span style="font-size:14px;"><strong>Eurozone business Growth Slows </strong></span></div>
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Business growth in the Eurozone eased this month but the bloc’s economy continued to expand at a “robust pace”, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers’ index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.</div>',
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<span style="font-size:14px;"><strong>Japan’s Trade Gap Sets New Record</strong></span></div>
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Japan’s monthly trade deficit has more than doubled to a new record after a weakened currency drove up the cost of fuel imports while exports slowed. Japan’s trade gap rose by 71 per cent to 2.79 tn yen ($27.3 bn) in January from a deficit of 1.3 tn yen in December. </div>
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<span style="font-size:14px;"><strong>Emerging Asia’s Wealth to Overtake US by 2015</strong></span></div>
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Despite being home to some of the poorest people in the world, financial wealth in emerging Asia is set to outpace that of the US by 2015, HSBC analysts have found. The investment bank said that the rise of Asian wealth which powers luxury sales, for example, has been stupendous. As a result, Asia, including Japan, has more than tripled its financial wealth since 2001 to just over $80 trillion, HSBC analysts found.</div>
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<span style="font-size:14px;"><strong>Detroit Files Plan to Fix Debt, Leave Bankruptcy</strong></span></div>
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Detroit’s emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens. The plan, which still needs approval from a bankruptcy judge aims to pour money into the city’s aging infrastructure and clean up the city’s blighted neighborhoods by demolishing decrepit homes.</div>
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<span style="font-size:14px;"><strong>Japan’s Trade Gap Sets New Record</strong></span></div>
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Japan’s monthly trade deficit has more than doubled to a new record after a weakened currency drove up the cost of fuel imports while exports slowed. Japan’s trade gap rose by 71 per cent to 2.79 tn yen ($27.3 bn) in January from a deficit of 1.3 tn yen in December. </div>
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<span style="font-size:14px;"><strong>Emerging Asia’s Wealth to Overtake US by 2015</strong></span></div>
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Despite being home to some of the poorest people in the world, financial wealth in emerging Asia is set to outpace that of the US by 2015, HSBC analysts have found. The investment bank said that the rise of Asian wealth which powers luxury sales, for example, has been stupendous. As a result, Asia, including Japan, has more than tripled its financial wealth since 2001 to just over $80 trillion, HSBC analysts found.</div>
<div>
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<span style="font-size:14px;"><strong>Detroit Files Plan to Fix Debt, Leave Bankruptcy</strong></span></div>
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Detroit’s emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens. The plan, which still needs approval from a bankruptcy judge aims to pour money into the city’s aging infrastructure and clean up the city’s blighted neighborhoods by demolishing decrepit homes.</div>
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<span style="font-size:14px;"><strong>China Removes $ 8bn from Money Markets </strong></span></div>
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<span style="font-size:14px;"><strong>Eurozone business Growth Slows </strong></span></div>
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