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(MENAFN - AFP) Brazil's Supreme Court named a long list of politicians under investigation over the multibillion-dollar graft case roiling state oil giant Petrobras, including the presidents of the senate and of the chamber of deputies.

On the list are 22 serving congressmen and 22 senators and it marks a new front in a snowballing scandal that has caused political and social ...

(MENAFN - AFP) France will commit 8.0 billion euros ($8.7 billion) as part of European Commission President Jean-Claude Juncker's plan to boost economic growth, President Francois Hollande said on Friday.

"To create an effect of leverage, the Juncker plan must attract other contributions -- public contributions and private contributions -- and I have announced that France, ...

(MENAFN - AFP) US aluminum giant Alcoa said Friday that it is weighing more cutbacks in its smelting and refining operations worldwide in the face of weak prices.

Alcoa, which has been paring operations for more than a year, said it would review over the next year 500,000 tonnes of smelting capacity and 2.8 million tonnes of refining capacity "for possible curtailment or ...

(MENAFN - AFP) US stocks opened the week with a flourish and ended with a thud.

Monday's trade saw the tech-rich Nasdaq Composite Index bolt above 5,000 for the first time in 15 years in a charge that also lifted the Dow and S&P 500 to fresh records.

But the market spent the rest of the week playing defense, falling three of the four subsequent days, including a ...

(MENAFN - AFP) Commodity prices came under pressure this week from a strong dollar which surged to multi-year highs against the euro.

The dollar rallied as the European Central Bank neared the launch of its massive stimulus package and after strong US jobs data raised the possibility of a hike soon to Federal Reserve interest rates.

A strong dollar makes commodities ...

(MENAFN - AFP) Growing competition from foreign-owned dogs has sparked concern that not everyone may be playing fair at Crufts, a British institution since Victorian times now billed as the world's biggest canine show.

This year's competition, which runs until Sunday in the central English city of Birmingham, involves almost 22,000 dogs, 2,987 of them from abroad -- three ...

(MENAFN - AFP) The EU's talks with Cuba this week on normalizing ties set up a potential rivalry with the United States as businesses on both sides of the Atlantic eye the island's post-thaw potential.

The talks were the third round in a nearly year-old series of meetings on normalizing relations, which the European Union suspended in 2003.

But they were the first since ...

(MENAFN - AFP) Wall Street stocks finished sharply lower Friday after a strong US jobs report raised expectations that the Federal Reserve will soon lift interest rates.

The Dow Jones Industrial Average sank 278.94 points (1.54 percent) to 17,856.78.

The broad-based S&P 500 fell 29.78 (1.42 percent) to 2,071.26, while the tech-rich Nasdaq Composite Index lost 55.44 ...

(MENAFN - AFP) A robust US jobs report Friday sent the dollar soaring, driving a sell-off in the oil market that left the US futures benchmark back below $50 a barrel.

West Texas Intermediate for delivery in April slid $1.15 to $49.61 on the New York Mercantile Exchange, ending near its week-ago level.

Brent North Sea crude for April, the international benchmark, dropped ...

(MENAFN - AFP) The Greek government plans to hire an army of amateur tax sleuths -- including tourists -- in a bid to fill the gaping hole in the country's finances, according to an embarrassing leak published Friday.

The document, which purports to list the seven major reforms Athens will present at a crunch meeting of the Eurogroup in Brussels on Monday, claimed these "casual ...

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