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Banks weigh on European shares after weak data

LONDON - European shares fell back on Wednesday, hurt by banking stocks, after weak euro zone data threw the region’s debt problems into focus, offsetting upbeat corporate earnings news ahead of a European Central Bank meeting on Thursday.

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markets

Egypt needs to do more to secure IMF aid

DUBAI - Egypt needs to do more to secure a $3.2 billion loan from the International Monetary Fund, including gathering broad political support and identifying other sources to finance its funding gap of up to $12 billion, an IMF official said on Wednesday.

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markets

Gold eases towards $1,650/oz after U.S. data

LONDON - Gold prices eased on Wednesday along with the euro after a downbeat survey of euro zone manufacturing activity contrasted with a stronger U.S. reading, though the metal pared losses after soft U.S. jobs report pulled the dollar from highs.

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markets

AirAsia, Malaysia Airlines end share swap deal

KUALA LUMPUR, Malaysia — Budget carrier AirAsia and state-owned Malaysia Airlines said Wednesday they have terminated a share swap deal signed last year but will continue plans to collaborate in areas such as procurement, training and aircraft maintenance.

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