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Germans are saving more than ever: bank report

Germansaresavingmorethaneverdespiteminimalinterestrates,Germancentralbank(Bundesbank)reportedonWednesday.AccordingtoBundesbank,households'financialassetsamounte

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Moon could be wetter than thought, say scientists

TheMoon,longthoughttobeadry,inhospitableorb,hostssurprisinglylargesub-surfacewaterreserves,whichonedaymayquenchthethirstoflunarexplorersfromtheEarth,scientistss

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S.Korea's USD deposits reduce first time in 5 months

The U.S. dollar-denominated deposits in South Korea reduced for the first time in five months, central bank data showed Friday.

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China central bank changes rules for calculating deposits: report

China's central bank on Saturday issued a circular on adjusting rules for calculating deposits, which will increase the base of fund available for lending at commercial banks, according to web portal Sina.com.

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Seabed mining risk to New Zealand's unique marine life

Seabed mining around New Zealand's volcanic exclusive economic zone (EEZ) areas could destroy unique underwater ecosystems and have profound effects on sea life, a leading marine biologist warned Monday.

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Shanghai FTZ lifts foreign-currency deposit rates cap

The reform will help to test the market and to gain experience, laying a firm foundation for the deepening of interest-rate liberalization nationwide, said Zhang Xin, deputy director of the PBoC's Shanghai headquarters.

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Bank of Cyprus completes recapitalization with deposits haircut

Cypriot authorities on Tuesday announced the Bank of Cyprus had been fully recapitalized by converting 47.5 percent of uninsured deposits into shares in the bank, as part of the eastern Mediterranean island's 10 billion euros bailout.

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Cyprus parliament rejects deposits haircut

Cyprus' parliament rejected a Eurogroup-imposed haircut on bank deposits, plunging the eastern Mediterranean island into economic uncertainty verging on uncontrolled default.

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Cyprus parliament to vote Tuesday on deposit tax legislation

The Eurogroup made an unprecedented decision at the end of a marathon bargaining in the early hours of Saturday, imposing a so-called bail-in, or haircut, on Cyprus, meaning all depositors have to pay a one-off tax. This was fixed at 6.75 percent for deposits up to 100,000 euros and at 9.9 percent for deposits above that amount.