Central Bank Governor Riyad Salameh said on Wednesday that Lebanon’s economy was affected by the turmoil in neighboring Syria.
“The Lebanese banking sector has 6 banks in Syria and they’re affected because of the deteriorating … amount of transactions there,” Salameh said in an interview with Russia Today news television channel.
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Anti-Wall Street protesters have a new way to pass the time: an "Occupy" coloring book complete with songs and a visit from Robin Hood.
The "grown-up coloring book novel" was released last week by Really Big Coloring Books, a Missouri-based publisher that recently made headlines with a controversial coloring book about the September 11, 2001 attacks.
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Canada's plan to balance its budget will be delayed by a year to fiscal 2015-2016 due to slow global economic growth, the finance department announced Tuesday following a dismal jobs report.
The government of the G7 country had pledged during an election campaign in May to return to a budgetary surplus by fiscal 2014-2015, but is now aiming for a small surplus of $0.6 billion the following year, said an economic update.
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The EU is readying a freeze on European Investment Bank credits to Syria as it mulls further sanctions on President Bashar al-Assad's regime after months of bloodshed, diplomats said Tuesday.
A diplomatic source said the EIB would suspend new credits and freeze disbursement of outstanding credits while also stopping all technical assistance, such as audits and feasibility studies.
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French bank Societe Generale said on Tuesday it was scrapping its 2011 dividend and making a "significant" cut to bonuses after a tough third quarter owing to a Greek debt write-down.
The market welcomed this clearing of the decks and SocGen shares surged 7.26 percent to close 18.77 Euros, far outpacing Paris's benchmark CAC 40 index which gained 1.28 percent.
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The economic situation in Italy is very worrisome as the country faces "very significant" market pressure, the EU's economic affairs chief said Tuesday.
"The economic and financial situation of Italy is very worrying," EU Economic and Monetary Affairs Commissioner Olli Rehn told a news conference after a meeting of European Union finance ministers.
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Prime Minister Francois Fillon announced plans on Monday to save 100 billion euros to eliminate France's budget deficit by 2016, including 500 million Euros in extra state budget savings next year.
"The time has come to adjust France's efforts. With the president, we have only one goal: to protect the French people from the serious difficulties that many European countries are now facing," Fillon said during a press conference.
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Oil prices were mixed on Monday as traders tracked developments in the Eurozone debt crisis, awaiting a batch of data on world energy demand due this week.
New York's main contract, light sweet crude for delivery in December delivery fell 54 cents to $93.72 a barrel.
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Say goodbye to the United States of America. Say hello to "the United States of Awesome Possibilities" as it looks to visitors from abroad to help lift it out of the economic doldrums.
By soft-pedaling patriotism, the newly-formed U.S. national tourism board tasked with getting more tourists -- and their money -- onto U.S. soil is reinventing the nation as a hip new land of diversity and possibilities.
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Israel was hit by a brief general strike on Monday that affected hospitals, banks, ports and the country's main international airport, but which ended after just four hours.
The strike shut down all government offices, universities, ports, post offices and the Tel Aviv stock exchange for most of the morning following a dispute over the working conditions of hundreds of thousands of contract workers employed by the government.
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