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Syrian regime struggles to stop currency freefall
Syria’s president Bashar al-Assad has taken emergency steps to try to halt a dramatic fall of the local currency, forbidding the use of money other than Syrian pounds for transactions with the threat of prison and hard labour. The once-resilient Syrian pound has halved...
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Oil jumps to highest in more than a week after Libyan shutdowns
Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle. Brent crude LCOc1 futures were up by 74 cents, or 1.1%,...
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Ghosn lawyers rebut new Nissan claims against fugitive exec
The legal team of Nissan's former chairman Carlos Ghosn issued a statement Friday refuting the latest allegations by the Japanese automaker against the fugitive businessman. Nissan Motor Co. on Thursday filed a new set of allegations to the Tokyo Stock Exchange against Ghosn, who...
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Carlos Ghosn's Japanese lawyers quit after former Nissan chief absconds
Japanese attorneys representing Carlos Ghosn, including lead lawyer Junichiro Hironaka, quit on Thursday following the former Nissan chief’s flight to Lebanon from Japan, where he had been fighting financial misconduct charges. In an emailed statement, Hironaka said that everyone involved...
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