Belgium
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Belgian chocolate makers believe their renowned pralines should have similar protection to that enjoyed by French champagne or Italy's Parma ham.
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LONDON, April 5- Britain's biggest gas storage site ran dry of normal supply on Friday and is using gas usually reserved for the technical operation of the site, National Grid data showed.
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Treasury Secretary Jack Lew will discuss ways that Europe can rebalance its demand to help grow the economy during a trip to the continent next week, a senior U.S. official said on Friday. "What is very clear is that overall we're seeing very weak demand in Europe and rising levels of unemployment," a senior U.S. Lew will go to France, Belgium and Germany.
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*CME sounds out Chile as location for copper warehouses. LONDON/ NEW YORK, April 5- U.S. exchange operator CME Group is sounding out Chile as the location for a network of warehouses as its copper contract takes market share from the London Metal Exchange, sources familiar with the matter said.
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*Lew goes to Belgium, France and Germany for first official trip. Treasury Secretary Jack Lew will discuss ways Europe can rebalance its demand to help grow the economy during a trip to the continent next week, a senior U.S. official said on Friday.
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MADRID, April 4- When a corruption scandal hit Spain's ruling party earlier this year, attention turned to the Accounts Tribunal, an obscure body that audits public spending.
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If it fails, international lenders may have to do what they wanted to avoid and which Germany and its northern European allies may baulk at- give Cyprus more money. Nicosia will get 10 billion euros over three years from the euro zone and the International Monetary Fund.
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*Medical tourism on the rise in Turkey. ISTANBUL, April 3- Sitting in a private clinic in an upscale neighbourhood of Istanbul, Saleh, a human resources executive from Qatar, is preparing to leave Turkey with a smile on his face and more hair on his head.
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JERUSALEM- Israel pressed Hamas on Wednesday to rein in rocket-firing militants in the Gaza Strip after the most serious outbreak of cross-border hostilities since a ceasefire ended an eight-day war in November.
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The death of Laiki, also known as Cyprus Popular Bank, was brutal. Board members said they had fought to the bitter end.
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NICOSIA, April 2- On the evening of the last Wednesday in March, the directors of Laiki bank, the second largest in Cyprus, gathered in their sixth floor board room for the last time. "Laiki Bank was a very good bank for many, many years," said Afxentis Afxentiou, a former governor of Cyprus' central bank.
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NEW YORK-- General Motors Co. said Tuesday that its financial arm completed the purchase of most of Ally Financial's operations in Europe and Latin America.
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*Slovenia does not need to go to bond market now. LJUBLJANA, March 29- Slovenia will not be the next euro member to need a financial rescue as it can afford to wait for lower borrowing costs before issuing new debt, its top economic official said on Friday.
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In the end it was hardly even a stroll, let alone the widely predicted run on the banks of Cyprus.
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NICOSIA, March 29- In the end it was hardly even a stroll, let alone the widely predicted run on the banks of Cyprus. Commentators had been confident that as soon as the banks reopened on Thursday at noon after Cyprus signed a rescue deal with the European Union to stave off national bankruptcy, there would be scenes of chaos.
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If the Bank of Japan meets expectations and embarks this week on a radical policy shift to crush deflation, the meeting will go down as historic.
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LONDON, March 31-' Historic' is an overused word. Because of gently falling prices, Japan has not grown in nominal terms for two decades, reducing its relevance for the global economy. "This is their best shot at reviving the economy," said Jerry Webman, chief economist at OppenheimerFunds in New York. "
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Treasury Secretary Jack Lew will travel to Europe in early April, his second international trip since taking office a month ago, to discuss recent deterioration in the euro zone and prospects for boosting global economic growth.
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*Slovenia does not need to go to bond market now. LJUBLJANA, March 29- Slovenia will not be the next euro member to need a financial rescue as it can afford to wait for lower borrowing costs before issuing new debt, its top economic official said on Friday.
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NICOSIA, March 29- In the end it was hardly even a stroll, let alone the widely predicted run on the banks of Cyprus. Commentators had been confident that as soon as the banks reopened on Thursday at noon after Cyprus signed a rescue deal with the European Union to stave off national bankruptcy, there would be scenes of chaos.
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The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro.