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Spanish Princess in Eye of Graft Scandal Storm

Spanish King Juan Carlos's youngest daughter, Princess Cristina, is in the front line of a legal storm engulfing her husband, Inaki Urdangarin, who is under investigation for allegedly embezzling millions of euros in public money.

The 47-year-old has not been named as a suspect in the corruption probe opened at the end of 2011 by a judge on the Mediterranean island of Mallorca. But the graft allegations facing her husband have cast a growing shadow of suspicion over her role in the affair.

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Kuwait Bourse Suspends 17 Firms for Not Posting Results

The Kuwait Stock Exchange on Monday suspended trading in the shares of 17 listed firms for failing to report their annual financial results on time, a statement said.

The companies, 10 of them investment firms, violated a rule that requires them to post their results of the previous year within three months, a statement posted on KSE website said.

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China Manufacturing Index Hits Nearly One-Year High

Manufacturing activity in China expanded at its fastest pace in almost a year last month, official data showed Monday, indicating conditions in the world's number two economy continued to improve.

The official purchasing managers' index (PMI) hit 50.9 in March, the highest since April 2012 when the figure stood at 53.3, according to the National Bureau of Statistics and the China Federation of Logistics and Purchasing (CFLP).

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President Marzouki: Tunisia Needs New Economic Model to End Poverty

Tunisia must find a new economic model to raise the roughly 20 percent of its people living in poverty from their quagmire, President Moncef Marzouki said on Saturday.

"The objective is liberate from poverty two million Tunisians over the course of the next five years," Marzouki told a meeting of the World Social Forum, an anti-globalization group that wrapped its first-ever meeting in an Arab country.

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MP: Cyprus Parliament to Probe Alleged Loan Write-Offs

Cypriot MPs will next week investigate a list of several million euros of alleged loans to politicians and others said to have been written off by the two banks at the center of the island's financial crisis.

Marios Mavrides, a deputy with the conservative Disy party of President Nicos Anastasiades, told Agence France Presse on Saturday "there is an ad hoc committee that will be investigating these privileged loans."

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Cyprus Hopes to See More Cash Controls Lifted

Cypriots hoped for further relaxation of the first capital controls in the eurozone Saturday after authorities on the bailed-out island dropped domestic restrictions on credit card payments.

The central bank said Friday it would make daily efforts to relax the restrictions it has imposed to avert a bank run, after lifting its 5,000-euro ceiling on domestic credit and debit card payments.

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Argentina Presents Conditions for Debt Repayment

Argentina on Friday offered two New York hedge funds to repay its debt to them with cash and new bonds on conditions similar to those used in a 2010 debt swap.

The South American nation is facing a court order to pay out $1.3 billion (one billion euros) to bondholders on debt it defaulted on during its 2001 financial crisis.

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Tandem A380 Flyover to Mark Qantas-Emirates Deal

Two Airbus A380s will fly in formation over Sydney's world-famous Harbor Bridge on Sunday to celebrate the launch of a tie-up between Emirates and Qantas, the Australian airline said.

The super-jumbos -- one from each of the carriers -- will coast up the harbor, passing the Sydney Opera House and city center before flying in tandem over the bridge at 10.30am, Qantas said Saturday.

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Cyprus Will Not Quit the Euro, Vows President

President Nicos Anastasiades vowed on Friday to keep Cyprus in the euro but had harsh words for international lenders behind the huge bailout that saved the island from bankruptcy.

The central bank later lifted curbs on domestic credit card payments and said it would make daily efforts to relax the wider controls that it imposed to avert a bank run, the first of their kind in the eurozone.

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Italy in New Talks to Break Government Deadlock

Italian political leaders began a new round of talks on Friday after leftist Pier Luigi Bersani failed to form a government following inconclusive elections in the eurozone's third-largest economy.

President Giorgio Napolitano met first with Silvio Berlusconi and his center-right coalition, as European capitals and financial markets watched warily amid renewed turbulence in the eurozone.

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