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Etiopia
Sunshine Brings Two International Hotel Brands
In the wake of downgrading the 50-year old Hilton Addis Hotel to four-stars recently, Hilton Worldwide has brought a new brand to Ethiopia in partnership with Sunshine Business Plc. It…
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Etiopia
Africa’s first Marriott Executive Apartments in Addis
Marriott International, in partnership with Sunshine Business Plc today inaugurated Africa’s first Marriott Executive Apartments in Addis Abeba, Ethiopia. The Marriott Executive Apartments Addis Abeba will appeal to both business…
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Etiopia
Mass Suspension at Cooperative Bank of Oromia
Regulators at the National Bank of Ethiopia (NBE) have suspended in mass senior executives of the Cooperative Bank of Oromia (CBO), pending a probe on the bank’s foreign exchange operations, sources…
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Giappone
Thailand, Japan agree to fight terrorism after Paris attacks
Foreign Minister Don Pramudwinai and his Japanese counterpart agreed Monday to cooperate with the international community to combat terrorism in the wake of deadly attacks in Paris on Friday, as well as a bombing in Bangkok in August.
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Giappone
Japan slips into technical recession with latest contraction
The numbers from the cabinet office on Monday showed that gross domestic product, the value of a nation's goods and services, declined at an annualized pace of 0.8 per cent in the third quarter, and contracted a seasonally adjusted 0.2 per cent from the previous quarter.
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Giappone
Dollar cuts loss after drop on Paris terror attacks
The dollar recouped most of the losses it incurred in Tokyo trading Monday in the wake of Friday’s massive terror attacks in Paris. At 5 p.m., the dollar stood at ¥122.62-64, down slightly from ¥122.67-68 at the same time Friday. The euro was at $1.0751-0751, down from $1.0775-0776, and at ...
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Giappone
Selling pushes Tokyo stocks down
Stocks lost further ground on the Tokyo Stock Exchange on Monday, pressured by stepped-up selling from risk-averse investors. The 225-issue Nikkei average lost 203.22 points, or 1.04 percent, to end at 19,393.69. On Friday, the key market gauge lost 100.86 points. The Topix index of all first-section issues sagged 14.30 ...
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Giappone
Abe vows to support global growth at G-20 summit in Turkey
Prime Minister Shinzo Abe has vowed to steer economic policy to drive global growth in an address to leaders from the Group of 20 major economies. Speaking Sunday in Antalya, Turkey, where the G-20 summit is being held, Abe said that as a virtuous economic cycle had started working in ...
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Giappone
Recession ignored by Japan investors as profits drive rally
If Japan’s economy is in trouble, you wouldn’t know it from the stock market. In what’s shaping up to be a pretty forgettable year for global equity investors, Prime Minister Shinzo Abe’s Japan is one of the few places providing double-digit returns that are backed by profit growth. The 12 ...
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Giappone
Japan plunges into recession, in defeat for Abe’s growth efforts
The economy contracted in the third quarter on sluggish business investment, confirming what many economists had predicted: The nation fell into its second recession since Prime Minister Shinzo Abe took office in December 2012. Gross domestic product declined an annualized 0.8 percent in the three months ended Sept. 30, following ...