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(MENAFN - AFP) US Treasury Secretary Jack Lew on Friday urged greater efforts to spur global growth as the head of the World Bank bemoaned a disappointing year and warned of downside risks ahead.

Lew called for more focus on investment and infrastructure to help create jobs in comments ahead of this weekend's meeting of G20 finance ministers and central bankers in the northern ...

(MENAFN - AFP) Britain's business community breathed a sigh of relief on Friday after Scotland voted by a clear margin to remain in the United Kingdom.

Markets had fretted that independence would spark a flight of capital amid uncertainty over the future currency, oil revenues, EU membership and dividing up state debt in the event of a separation.

However, Scotland ...

(MENAFN - AFP) A buying frenzy sent Alibaba shares sharply higher Friday as the Chinese online giant made its historic Wall Street trading debut.

In early trades after the record public share offering, Alibaba leapt from an opening price of $68 to nearly $100 and, while it dropped back, was still up some 38 percent at $94.08 after 10 minutes.

Company founder Jack Ma ...

(MENAFN - AFP) Alibaba made its long-awaited Wall Street debut Friday on the heels of a record stock offering that opens the door to global expansion for the Chinese online retail giant.

Company founder Jack Ma was on the floor of the New York Stock Exchange as trading opened, while a group of Alibaba customers rang the opening bell.

A trading price was not available ...

(MENAFN - AFP) Europe's main stock markets and the pound jumped on Friday as investors welcomed news that Scotland has voted to reject independence from the United Kingdom.

In early morning deals, London's benchmark FTSE 100 index added 0.67 percent to 6,865.12 points, while sterling hit a two-year euro high in anticipation of victory for the "No" campaign.

In Paris, ...

(MENAFN - AFP) The pound rallied against major currencies Friday as Scotland rejected independence from the United Kingdom, while the dollar closed in on the 110 yen level for the first time in more than six years.

Sterling jumped to a two-year euro high in morning Asian trade with early results indicating a win for the Scottish "No" camp, while it also tacked on gains against ...

(MENAFN - AFP) The European Union will hold fresh talks with Russia and Ukraine next week to settle their ongoing dispute over gas deliveries, an EU official said on Friday.

"The next trilateral meeting on gas will take place on the 26th of September in Berlin," a spokeswoman for EU Energy Commissioner Guenther Oettinger told AFP.

Europe gets more than 30 percent of ...

(MENAFN - AFP) Sierra Leone on Friday launched a controversial three-day shutdown to contain the deadly spread of the Ebola virus, as the UN Security Council declared the deadly outbreak a threat to world peace.

Most of Sierra Leone's population of six million were confined to their homes from midnight (0000 GMT), with only essential workers such as health professionals and ...

(MENAFN - AFP) The British pound hit a two-year euro peak on Friday, but trimmed gains as official results showed that Scotland has rejected independence, in line with early indications.

In Asian deals at 0140 GMT, the euro tumbled to 0.7810 pounds on initial returns pointing to a victory for the "No" camp. That was the lowest level since July 2012 and compared with 0.7882 ...

(MENAFN - AFP) Tokyo's Nikkei 225 index closed at its highest level in nearly seven years on Friday as the tumbling yen propelled the Japanese market, while investors breathed a sigh of relief over Scotland's vote to stay in the United Kingdom.

The benchmark Nikkei rose 1.58 percent, or 253.60 points, to finish at 16,321.17, its best finish since November 2007 before the ...

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