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Euro zone confidence improves, highlights divergence

Confidence in the euro zone's economy strengthened in January for the first time since early 2011, EU data showed on Monday, but a recovery in Germany masked a deterioration in France and Italy, highlighting the bloc's diverging fortunes.
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Optimism builds in euro zone economy, picture still mixed

Confidence in the euro zone's economy strengthened in January for the first time since early 2011, EU data showed on Monday, but a recovery in Germany masked a deterioration in France and Italy in a sign of the bloc's diverging fortunes.
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China to make Shanghai global yuan hub by 2015

China intends to establish Shanghai as the global centre for yuan trading, clearing and pricing over the next three years as part of broader plans to make the commercial hub an international financial centre by 2020.
A Greek and an EU flag fly over the Greece's Finance Ministry in Athens

EU Leaders to Agree on Permanent Bailout Fund

EU leaders will sign off on a permanent rescue fund for the euro zone at a summit on Monday and are expected to agree on a balanced budget rule in national legislation, with unresolved problems in Greece casting a shadow on the discussions.
The logo of Swiss bank UBS can be seen outside its New York office

Regulators Weigh Action on Huge UBS Trading Loss: Report

Regulators in Britain and Switzerland may take steps against bank UBS for shortfalls in oversight that allowed an alleged rogue trader to run up a huge loss, the Wall Street Journal reported on Sunday, citing sources familiar with the matter.
Actress Regina King poses next to a placard for nominee Laurence Fishburne at a press preview of the 18th annual Screen Actors Guild Awards showroom in Los Angeles, California

Screen actors get their say in Oscar race

After months of talking and weeks of voting, Hollywood's actors finally name their picks for the best performances in the films and TV shows of 2011 at the annual Screen Actors Guild Awards on Sunday.
Visitors are reflected in window of the congress center, venue of the World Economic Forum (WEF) in Davos

Davos Elite See Euro Surviving -- for Now

On the European currency, a mood of short-term relief tinged with longer-term doubt prevails among the world's movers and shakers at this year's World Economic Forum session in the Swiss Alps.
syria.1.29

Syrian Troops Assault Rebel-Held Towns Near Damascus

Around 2,000 Syrian troops backed by tanks launched an assault to retake Damascus suburbs from rebels Sunday, activists said, a day after the Arab League suspended its monitoring mission in Syria because of worsening violence.
Myanmar opposition leader Aung San Suu Kyi speaks to supporters from a vehicle at Yae Phyu village in Dawei township January 29, 2012.

Myanmar's Aung San Suu Kyi Calls for Constitutional Changes

Awaiting the Great Transformation: Myanmar opposition leader Aung San Suu Kyi called on Sunday for changes to the military-drafted constitution in her first political trip since ending a boycott of the country's political system last year and announcing plans to run for parliament.
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RBS chairman waives $2.2 million bonus after Hester row

Royal Bank of Scotland's Chairman Philip Hampton will not pick up a 1.4 million pound ($2.2 million) stock bonus, the bailed-out bank said, following public anger and political squabbling over a 1 million pound bonus for its chief executive.
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Swiss urge U.S. tax deal to shield other banks

The break-up of Switzerland's oldest bank Wegelin on Friday shows the need to settle a dispute with U.S. authorities over tax cheats hiding cash in secret Swiss accounts, the finance minister said on Saturday.
Australian Team

Australia Crush India to Clean Sweep the Series

Resurgent Australia ruthlessly ripped through the last flagging remnants of Indian resistance in less than an hour at the Adelaide Oval on Saturday to record a fourth crushing test win and sweep the series.
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Bloomberg exec in talks to run New Corp's Dow Jones

Rupert Murdoch's News Corp is in serious talks to poach veteran Bloomberg LP executive Lex Fenwick to run its Dow Jones publishing business, which houses the Wall Street Journal, according to two people familiar with the discussions.

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