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Beauty of trashed stocks

Telecom and bank shares might seem unlikely havens amid the current crisis in Europe, but both could be good places to hide while awaiting the verdict on Greece’s status in the euro zone.

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Egypt shares slump most since March

Egyptian stocks tumbled the most in two months after unofficial presidential election results showed the two most-divisive candidates are headed for a runoff next month. Arabian Gulf shares retreated.

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G-20 turn to spur growth: EU

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G-20 turn to spur growth: EU

The United States and Japan need to tackle their tax issues and China must relax restrictions on the yuan as they share responsibility with Europe for restoring global economic health, EU leaders said ahead of a June summit of the G-20 economies.

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EU needs banking union

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EU needs banking union

The eurozone needs to push ahead with its financial sector reform plans and create a centrally managed and funded body to handle troubled banks, a European Central Bank policymaker said on Friday.

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