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(MENAFN - AFP) Eurozone unemployment slipped to its lowest level for nearly four years in October, official data showed on Tuesday, beating analyst expectations and confirming a slow recovery in Europe's job market.

The European Union's Eurostat agency said unemployment in the 19-country single currency bloc fell to 10.7 percent in October from 10.8 percent in September, ...

(MENAFN - AFP) Britain's top seven lenders have passed the Bank of England's stress tests, the central bank said Tuesday in its latest health check on the sector.

The BoE's Prudential Regulation Authority (PRA) watchdog concluded that the sector has adequate capital to survive a "severe" shock.

The PRA tested the impact of a sharp slowdown in Chinese economic growth, ...

(MENAFN - AFP) Chinese investors China Media Capital (CMC) and CITIC Capital have bought a 13 percent stake in the parent company of Manchester City Football Club for $400 million (377 million euros), the companies said.

"We and our consortium partner CITIC Capital also see this investment as a prime opportunity for furthering the contribution of China to the global football ...

(MENAFN - AFP) The chief executive of Switzerland's biggest insurer, Zurich Insurance, has resigned, the company said Tuesday, a month after it announced sharply reduced profits linked to an industrial disaster in China.

Martin Senn's decision to step down was taken in agreement with Zurich's board of directors, the company said in a statement, adding he would leave at the ...

(MENAFN - AFP) India's central bank kept interest rates on hold Tuesday, citing rising inflation and "weakness" in Asia's third-largest economy despite recent growth.

The move follows recent rate cuts designed to lower the cost of investing and boost India's economy, a key priority for Prime Minister Narendra Modi.

The Reserve Bank of India (RBI) said the benchmark ...

(MENAFN - AFP) The Philippines largest liquor producer Emperador said Tuesday it would purchase a major Spanish brandy and sherry brand, representing its latest foreign acquisition after obtaining Iberian vineyards and a Scottish whisky giant.

Emperador said in a disclosure to the Manila stock exchange that it had reached an agreement to purchase Spain's Fundador from US-based ...

(MENAFN - AFP) Australia's central bank kept interest rates at the historic low of 2.0 percent for a seventh month Tuesday, but indicated further easing could be in the pipeline.

The Reserve Bank of Australia (RBA) had been widely expected to hold rates steady after governor Glenn Stevens last week urged people to "chill out" and adopt a wait-and-see approach.

"The ...

(MENAFN - AFP) Japan's public pension fund -- the world's biggest -- lost a whopping $64 billion in the July-September quarter, according to a new report, as global equity markets plunged this summer on fears over China's economy.

The drop in the 135 trillion yen ($1.1 trillion) Government Pension Investment Fund (GPIF) -- the worst quarterly fall since 2008 -- came after ...

(MENAFN - AFP) China's factory activity weakened further in November in the latest sign of a growth slowdown, data showed Tuesday, but analysts said the yuan's inclusion in a basket of global currencies was a show of confidence in the world's number two economy.

The slump to a more than three-year low in Beijing's official purchasing managers' index (PMI) -- which tracks ...

(MENAFN - AFP) Japan is looking to cash in on the rugby fever that swept the nation in recent weeks by unveiling a lifesize bronze statue of World Cup star Ayumu Goromaru.

However, fans hoping to catch a glimpse of the golden-coloured figure -- crouching with its fingers clasped together in the player's trademark kick routine -- will have to be quick.

After being unveiled ...

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