BOAO, China - China's central bank governor Zhou Xiaochuan warned on Sunday that the country needs to be vigilant for signs of deflation and said policymakers were closely watching slowing global economic growth and declining commodity prices.
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SHANGHAI/RIO DE JANEIRO - Russia, Australia and the Netherlands on Saturday became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank (AIIB), adding clout to an institution seen as enhancing China's regional and global influence.
BERLIN - The three institutions or troika representing Greece's official creditors expect Athens could miss its goal of a primary budget surplus this year, German magazine Der Spiegel reported on Saturday citing a source within the group of lenders.
ATHENS - Ratings agency Fitch on Friday cut Greece's credit rating to 'CCC' from 'B' saying lack of market access, tight liquidity and uncertainty over the timely release of aid from its official creditors are exerting pressure on government funding.
ZURICH - The French division of Swiss bank UBS AG has been placed under formal investigation by French authorities and been asked to pay a 40 million euro (29 million pound) bail, UBS said on Friday, in an escalation of a long-running probe into allegations the bank helped clients avoid taxes.
PARIS - Vivendi has traded blows with activist investor PSAM over the fund's bid for a larger payout from the French media group, with Vivendi warning the fund could be in breach of the law and the fund accusing it of attempting to intimidate it.
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