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  • Editor’s Picks / Yesterday at 22:46 GMT

    France, Russia agree to exchange intelligence

    France and Russia will exchange intelligence on Islamic State and other rebel groups to improve the effectiveness of their aerial bombing campaigns in Syria, French President Francois Hollande said on Thursday after talks with Vladimir Putin. However, the two men remained at odds over the fate of Syrian President Bashar al-Assad, an ally of Russia whom Western and Sunni Arab countries blame for Syria's nearly five-year civil war and want removed from power. Both Russia and France have stepped up their aerial bombing campaigns in Syria since the attacks in Paris.
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  • 12h
    Charles Asmar Charles Asmar
    Hi Stephen, What do you suggest me for EURGBP? Short or Long...
    Stephen Pope Stephen Pope
    I have to say Sell EURGBP i.e. sell Euro and buy Sterling. For my way of thinking it is clear that the ECB...
  • Editor’s Picks / Yesterday at 15:02 GMT

    Greek shipping less help to Greece than GDP shows

    "A Reuters analysis of corporate filings and economic data suggests shipping's heroic role in Greece's economy is largely a myth," writes Reuters correspondent Tom Bergin. According to official statistics, shipping generates around 4% of Greece GDP. But Reuters analysis shows that so little of the Greek shipping industry's income ever lands in the country that its GDP contribution is perhaps only around a quarter of what the official data show. "Shipowners have resisted any effort to ditch the tax breaks they enjoy, and no government has dared touch them," Bergin writes. Greek shipowners include in their statistics billions of dollars which never enter the Greek economy. If Greece counted only payments to Greek companies and individuals - as other countries do - the deep-sea shipping industry's contribution would be equal to around 1 percent of GDP, Bergin says. For Greece, the cost of the tax breaks to shipowners runs into hundreds of millions of euros, he adds.
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  • Article / Yesterday at 14:37 GMT

    Thankful for market respite on Thanksgiving

    Director / Accumen Management
    United Kingdom
    Thankful for market respite on Thanksgiving
    Forex markets have gone quiet thanks to the Thanksgiving holiday in the US, which brings some welcome respite. The Australian dollar took a hit overnight from much weaker-than-expected capital expenditure figures. And our tight position on Cable has proved beneficial over the past 24 hours.
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    JohnH JohnH
    Hi Ken, on the Australian CAPEX, there are around 7 very large LNG and Mine projects between QLD and WA that are in the process of finishing....
    JohnH JohnH
    Without a concerted push in infrastructure spending by the federal and state governments starting now, I am not optimistic on the pickup in non-mining CAPEX occurring at...
  • 15h
    Mads Koefoed Mads Koefoed
    "Instead, I prefer to point out and hold accountable any trade group that makes misleading forecasts based on questionable methodologies on behalf of their members to promote...
    Michael S. McKenna Michael S. McKenna
    Risholtz appears to have formed something of an identity around his criticism of NRF figures, and as such I agree that his article this year was strangely...