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Argentina set for deeper recession after default

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Dr Matshidiso Moeti, Former WHO Deputy Regional Director for Africa

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A daily update on the latest business and economic news. From Monday to Friday live at 6.15 am Paris time.

BUSINESS DAILY

BUSINESS DAILY

Latest update : 2013-11-01

RBS to create internal 'bad bank' for €45 billion of toxic loans

Royal Bank of Scotland, which is 81% owned by the UK government, announces it is to create an internal ‘bad bank’ for around €45 billion worth of toxic loans. Plus, 20 years after the Maastricht Treaty paved the way for the creation of the euro, Europeans are less enthused by the idea of closer integration.

By Stephen Carroll

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Archives

2014-07-31 Argentina

Argentina set for deeper recession after default

Argentina is set to dip deeper into recession after the country defaulted on a payment to its creditors. Last-minute talks to try to avert the crisis failed, leaving Argentina in...

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2014-07-30 Ukraine

Last-ditch talks aim to avert Argentina default

Crunch talks will continue this Wednesday in an effort to avoid Argentina defaulting on its debts for the third time in 28 years. The country’s economy minister Axel Kicillof...

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2014-07-29 Argentina

Argentina braced for another debt default

Argentina is braced for another default on its debts - the third in 28 years. The latest crisis comes after a court in the United States ruled that Buenos Aires must repay a...

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2014-07-28 France

French government hopes to collect €1.8bn from foreign accounts

The French government is hoping to collect €1.8 billion in taxes and penalties this year from the holders of undeclared foreign bank accounts. The authorities announced a...

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2014-07-25 Tour de France caravan

The Tour de France, a PR machine

In today’s business news, we see how sponsors use the Tour de France’s publicity caravan to market themselves to the millions watching the cycling event. Also: tax patriotism in...

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