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Leader of Latvia's Russian-speakers fears sanctions backfiring
It's not so much the risk of conflict with Russia that worries the mayor of the Latvian capital Riga; it's the threat to jobs and investment as EU sanctions on Moscow rebound on the economy of the Baltic state.
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ECB risks undermining QE if it opts for compromise plan
The ECB is considering three main options for pumping money into the struggling euro zone economy but two of them could hurt confidence in the bloc's most indebted states, defeating the object of the exercise.
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China central bank to maintain 'prudent' monetary policy in 2015
The People's Bank of China will continue to maintain "prudent" monetary policy in 2015, keeping credit growth stable while having its hands free to fine-tune policy when necessary, the regulator said in an online statement on Friday.
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Ukraine says Russia behind cyber attack on German government
Ukraine's prime minister blamed Russian intelligence on Thursday for a hacker attack against German government websites, for which a pro-Russian group claimed responsibility.
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Car makers pay to keep Chinese dealers happy as market slows
After years of outsized growth that turned China into the world's biggest car market, a slowdown is exacerbating tensions between global automakers and local car dealers, with smaller margins leading to tougher negotiations over sharing profits.
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No chance of OPEC output cut, even after oil dips below $50: Gulf delegates
Saudi Arabia and its Gulf OPEC allies are showing no sign of considering cutting output to boost oil prices, even though they dipped below $50 a barrel this week.
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Syrian opposition leader casts doubt on Russia peace talks
The new head of Syria's Western-backed political opposition cast doubt on Monday on whether members of his group would attend talks in Russia this month aimed at finding a solution to the nearly four-year Syrian conflict.
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Euro zone economy ended 2014 in poor shape
The euro zone economy ended 2014 with its worst quarter for over a year as further price cutting failed to significantly drive up business activity, adding pressure on the European Central Bank to act, surveys showed.
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