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VIDEO: EU bans Indian mango imports

The European Union imposes a ban on imports of Indian mangoes, unless they’ve been specially treated to cut the risk of fruit fly infestation.

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High finance as cannabis fund pitches at Waldorf

A new private equity fund aims to raise $200-$300 million to invest in the legal marijuana industry, the Financial Times reports.

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Lloyds posts profit increase, sets TSB float date

U.K. banking group Lloyds has reported a rise in underlying profit for the first quarter of 2014 as the company plans to restart dividend payments.

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Suntory completes $16bn Beam buyout

Japanese beverage giant Suntory Holdings completes the buyout of US firm Beam, maker of Jim Beam whiskey, in a $16bn deal.

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Sony slashes profit forecast by nearly 70%

Sony slashed its operating profit estimate by nearly 70 percent for the financial year ended March 31.

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Is April’s best-performing currency set for further gains?

South Korea’s won outperformed major global currencies in April, and according to HSBC, investors can expect it to continue rising this year.

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Welfare and tax boost for Brazil poor

Brazil’s President Dilma Rousseff announces an increase in social security payments and tax cuts ahead of her re-election campaign in October.

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VIDEO: Western equality ‘not working’

Economist Thomas Piketty says “democratic institutions cannot work properly if inequity becomes too extreme”.

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IMF approves $17bn Ukraine bailout

The International Monetary Fund approves a bailout for Ukraine, to help the country’s beleaguered economy.

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Sell in May and go away: Is it true?

There’s an old saying in the stock market: sell in May and go away. Now that the first of May is here should we sell?