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Central Banks Buy Most Gold since 1971, Industry Body Says

Central banks have bought the most gold in nearly 50 years as the precious metal profits from its  safehaven status, the World Gold Council said Thursday, amid trade tensions and Brexit uncertainty.

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A Glimpse at Carlos Ghosn's Ties to Lebanon

Before he was detained in Japan over alleged financial misconduct, car industry tycoon Carlos Ghosn had increasingly invested time and money in Lebanon.

Ghosn is also a national of Brazil, where he was born, and of France. Here is a brief overview of his ties to the tiny Mediterranean country where his parents were born:

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Bangladesh to Sue Philippine Bank over $81 Million Cyber Heist

Bangladesh will Wednesday file a lawsuit in New York against a Philippine bank over its involvement in one of the biggest-ever cyber heists, the country's central bank governor said.

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SGBL Group and Mastercard Announce New Regional Agreement

Following the 2016 partnership between SGBL and Mastercard, SGBL has extended its cooperation with its global payments technology partner to the Group’s affiliated companies, starting with Societe Generale de Banque – Jordanie (SGBJ), SGBL said.

“In a world where digital innovation has transformed the banking landscape, pushing banks to move to electronic and mobile payment, this collaboration will pave the way for the development of electronic payment in Jordan, promoting the move towards a cashless economy,” the group added.

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Ghosn Says Arrest was Result of 'Plot and Treason'

Detained auto tycoon Carlos Ghosn believes his arrest and the charges against him are the result of a "plot and treason" at his former employer Nissan, he told the Nikkei newspaper Wednesday.

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U.S., China Resume Trade Talks with a Chill in the Air

Top U.S. and Chinese trade officials returned to the bargaining table Wednesday, working to avoid a sharp escalation in the trade war between the world's two largest economies.

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French 2018 Growth Slows to 1.5%, Hit by 'Yellow Vest' Protests

French economic growth slowed to 1.5 percent last year from 2.3 percent in 2017, hit by weaker consumer demand amid the turmoil of end-year "yellow vest" protests, official figures showed Wednesday.

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Pound Inches Up after Brexit Drop, Eyes on Fed and Trade Talks

The pound ticked up slightly in Asia on Wednesday after suffering heavy losses on worries about a possible no-deal Brexit, while regional equities were mixed ahead of crunch trade talks between China and the United States.

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Three Banks Merge to Form Third Largest UAE Lender

Three banks based in the UAE capital Abu Dhabi Tuesday announced they have agreed to merge to form the Emirates' third largest lender.

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UAE Files WTO Complaint over Qatar Goods Ban

The United Arab Emirates said Tuesday it had filed a complaint to the World Trade Organization after Qatar banned UAE goods, the latest escalation in hostilities between the Gulf neighbors.

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