Brazil Reduces Reserve Requirements on Demand Deposits

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Tesco says UK authorities to investigate accountsComments Off

Tesco, one of the world’s largest food retailers, says U.K. authorities are conducting a full investigation after its half-year profit was overstated by 250 million pounds ($407 million).

Myanmar awards licenses to 9 foreign banksComments Off

Myanmar says it has awarded licenses to nine foreign banks.

Myanmar awards licenses to 9 foreign banksComments Off

Myanmar says it has awarded licenses to nine foreign banks.

Asian stocks mixed after Wall Street declineComments Off

Asian stocks were mixed Wednesday after Wall Street slid and South Korea reported factory output contracted, while markets in China and Hong Kong were closed for a holiday.

Moet bets on bubbly in China with sparkling wineryComments Off

France’s Moet Hennessy is betting on China’s taste for bubbly with the launch of sales this month by the first foreign-owned Chinese winery devoted to sparkling wine.

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