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Reuters: Business News
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Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
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Euro debt crisis weighs on insurers' 2011
LONDON (Reuters) - Near-record catastrophe claims, the euro zone debt crisis and low interest rates are likely to result in mostly weaker 2011 profits for European insurers.
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Greeks delay bailout talks as Merkel demands action
ATHENS/PARIS (Reuters) - German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day.
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FTSE ends lower as miners fall, Greek deal awaited
LONDON (Reuters) - Miners dragged the FTSE lower on Monday, after doubt surfaced about Glencore's potential merger with Xstrata , while banks waned in the absence of a debt deal for Greece.
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Average daily UK forex turnover slips - Bank
LONDON (Reuters) - The average daily turnover in UK foreign exchange markets fell in the six months to October, driven by a drop in FX swaps and options activity, a Bank of England survey showed on Monday.
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EU bank results eyed for Greek debt, EBA fallout
LONDON (Reuters) - Markets will punish European banks that fail to write down their Greek debt adequately or don't tell investors how they will boost their capital buffers by June, auditing firms say.
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Glencore, Xstrata hammer out premium as deal nears
LONDON/CAPE TOWN (Reuters) - Top executives at Glencore and Xstrata are hammering out the final details of a proposed $80 billion (50 billion pound) merger, including the premium on offer by the commodities trading giant to secure approval from the miner's shareholders.
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Dresdner bonus pool aimed at keeping bankers working hard
LONDON (Reuters) - Dresdner Bank's promise of a minimum bonus pool was aimed at keeping its bankers working hard and preventing an exodus of staff after it hit trouble more than three years ago, the former head of the business told a London court on Monday.
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Swiss business lobby seeks U.S. restraint on banks
ZURICH (Reuters) - U.S. authorities should show restraint in a crackdown on banks accused of helping rich Americans dodge taxes, while indicting another bank could risk significant collateral damage, the head of a Swiss-American business lobby group said on Monday.
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