John Hardy, FX strategist at Saxo Bank, says the European Central Bank needs to make "real policy moves" such as quantitative easing in order to push the euro lower.
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Senior BNP Paribas executives are to tour the Middle East in coming days in an attempt to raise fresh capital and shore up confidence in France’s biggest bank. The FT reports.
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Greece will create a sovereign wealth fund composed of real estate and state-owned assets as it looks to accelerate its deficit reduction program, according to the Greek finance minister George Papaconstantinou.
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