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Headlines for ChannelNewsAsia, dated: 2012-02-05
ECB to bide its time on rates this week: analysts
FRANKFURT: The European Central Bank, after two rate cuts and a series of unprecedented liquidity measures, will hold its fire this month, as it assesses the impact of those previous measures, analysts say.
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Sanctions-hit Iran turns increasingly to Asia
TEHRAN: Grappling with US and EU sanctions that have become progressively tougher over the past 18 months, Iran is increasingly turning to Asia — in particular to China, now its top trading partner.
With job spurt, US economy races ahead of Europe
WASHINGTON: The latest surge in US job creation suggests the world's biggest economy is gathering momentum — in contrast with the recession taking hold in parts of Europe.
China snubs debt in European spending spree
BEIJING: Chinese companies and funds have ramped up investment in crisis-hit Europe, buying utilities, energy firms and even luxury yacht makers, but are steering clear of eurozone debt.
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