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Euro falling towards parity pain point

A stampede for dollars as global recession risks mount has left other currencies battered and bruised, with the euro getting trampled on more than most as surging European gas prices

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Alberta to intervene in antitrust review of Rogers, Shaw deal

The Canadian province of Alberta plans to intervene in a competition review of Rogers Communications Inc’s (RCIb.TO) C$20 billion ($15.33 billion) purchase of Shaw Communications Inc (SJRb.TO), the provincial attorney

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Airline SAS clashes with striking pilots over U.S. bankruptcy filing

Scandinavian airline SAS (SAS.ST) has filed for bankruptcy protection in the United States to help cut debt, it said on Tuesday, piling pressure on striking pilots it blames for deepening

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Yum Brands close to selling KFC business in Russia

Yum Brands Inc (YUM.N) said on Tuesday it was in advanced talks to sell its KFC restaurants and franchise rights in Russia to a local buyer, after which it plans

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Korea’s Posco to invest $136 million in Mexican plant by 2030, Mexico says

South Korean steelmaker Posco will by 2030 invest $136 million in a plant in the Mexican town of Ramos Arizpe in the northern border state of Coahuila, Mexico’s foreign ministry

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Congo administrator orders China’s CMOC to stop exports from Tenke cobalt mine

A temporary administrator appointed by a Congolese court to run the world’s second-largest cobalt mine ordered majority Chinese owner CMOC (603993.SS) to suspend marketing and export of its production. CMOC

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Russia’s Potanin weighs $60 billion metals merger as defence against sanctions

Russian businessman Vladimir Potanin has said he is ready to discuss a possible merger between his mining group Nornickel (GMKN.MM) and aluminium producer Rusal , a move that could strengthen

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