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Norway central bank awards NOK 85bn in F-deposits

OSLO: Norway’s central bank has awarded 85 billion Norwegian crowns ($10.67 billion) in an F-deposit for Aug 17-23, with a highest rate of 0.50 percent, it said on Thursday. Overall demand in the auction was for 98.74 billion crowns. Allocation at the highest rate was 80.14 percent, the central bank ...

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ECB engineers euro ebb | Business Recorder

LONDON: Currencies were in focus on Thursday as traders weighed the intentions of central banks on raising interest rates and pulling money out of markets. The dollar began to recover after falling in the wake of Federal Reserve minutes released Wednesday that hinted at a slower pace of US interest ...

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US offers help to Spain in wake of Barcelona attack

WASHINGTON: The United States on Thursday offered its assistance to Spain in the wake of a deadly van attack in Barcelona’s most popular street Las Ramblas, which left at least two dead. Secretary of State Rex Tillerson also said that consular assistance was being provided to Americans in the city, ...

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Sri Lankan shares mark 4-month closing low in thin trade

COLOMBO: Sri Lankan shares fell for a fifth session on Thursday, posting their lowest close in four months, as local investor sentiment was subdued following a string of disappointing June-quarter corporate results. However, the decline was limited as foreign investors bought into equities. The Colombo stock index fell 0.14 percent, ...

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European stock markets dip at open

LONDON: Europe’s main stock markets eased at the start of trading on Thursday, with London’s benchmark FTSE 100 index down 0.3 percent to 7,414.47 points awaiting key UK retail sales data. In the eurozone, Frankfurt’s DAX 30 dropped 0.2 percent to 12,236.60 points and the Paris CAC 40 lost 0.2 ...

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World’s silence over Kashmir issue sheer apathy: FO

ISLAMABAD: Civilized world’s silence over atrocities in Indian occupied Kashmir (IOK) by Indian armed forces will be recorded as sheer apathy for generations to come. During weekly press briefing Foreign Office spokesperson Nafees Zakriya said here Thursday, indian occupation forces in last 5 days martyred yet anothersix (6) Kashmiris in ...

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Trump’s justice chief criticizes ‘sanctuary city’ Chicago

CHICAGO: The top American law enforcement official Wednesday escalated a war of words with the nation’s third largest city Chicago over its resistance to tougher immigration policies. Attorney General Jeff Sessions’s comments were part of efforts to pressure “sanctuary cities” to increase cooperation with immigration enforcement or lose federal funding. ...

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UK retail sales hold up in July

LONDON: British retail sales rose in July, slightly beating expectations, official data showed on Thursday, even though household incomes are still feeling the squeeze from a Brexit-fuelled slump in the pound. Overall retail sales grew by 0.3 percent last month, buoyed by robust food purchases, the Office for National Statistics ...

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