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Japan Prosecutors File New Allegation against Nissan's Ghosn

Japanese prosecutors added a new allegation of breach of trust against Nissan's former chairman Carlos Ghosn on Friday, dashing his hopes for posting bail.

Ghosn, along with another former Nissan executive, Greg Kelly, was arrested Nov. 19 and charged with underreporting his income by about 5 billion yen ($44 million) in 2011-2015. They are also facing the prospect of additional charges that claim the two underreported Ghosn's income for other years by nearly 10 billion ($80 million) in total.

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Bank of England Holds Rate Awaiting Brexit Deal

The Bank of England has voted to keep its main lending rate at 0.75 percent faced with "intensified Brexit uncertainties", minutes of its latest regular monetary policy meeting revealed Thursday.

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Partnership Agreement between SGBL and IFC

Societe Generale de Banque au Liban signed a partnership agreement with the International Finance Corporation (IFC), a member of the World Bank Group, whereby IFC will provide the bank with $100 million facilities to boost access to finance for small and medium enterprises (SMEs) and help develop climate finance, a press release said.

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Ghosn Could Win Bail as Court Quashes Bid to Extend Detention

Carlos Ghosn could soon be freed on bail after a Japanese court Thursday threw out a bid by prosecutors to extend his detention, in a move nearly as unexpected as the auto tycoon's sudden arrest.

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British Annual Inflation Slows to 2.3 Percent

UK annual inflation slowed in November, partly thanks to falling motor fuel prices, official data showed on Wednesday.

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Asian Markets Mixed ahead of Fed, Oil Struggles to Recover

Most markets were mixed in Asia Wednesday as investors moved cautiously after the previous day's sell-off, while focus is on a Federal Reserve policy decision with opinions split on whether or not it should hike interest rates again.

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British Airways Announces Return to Pakistan after a Decade

British Airways will resume flights to Pakistan next summer, the carrier announced Tuesday, in a major vote of confidence from a Western airline a decade after suspending operations due to security fears.

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War-Ridden Yemen's other Frontline -- the Central Bank

Cashiers sort through large stacks of money inside a ragged building that is Yemen's central bank, another frontline in a ruinous conflict as it fights to stave off economic collapse.

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Google Parent Co. Alphabet Announces $1 bn NYC Real-Estate Expansion

Google's parent company Alphabet said Monday it was investing over $1 billion in capital improvements to establish a new campus in New York City.

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Hitachi to Buy Majority Stake in ABB's Power Grid Arm for $6.4 bn

Japan's Hitachi on Monday announced plans to buy a majority stake in the power grid business of Swiss-Swedish engineering giant ABB for $6.4 billion, in what would be its biggest ever buyout.

The deal would make Hitachi the world's largest power grid company, local media said.

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