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An employee of the Korea Exchange Bank counts one hundred U.S. dollar banknotes at the bank's headquarters in Seoul, August 11, 2011. REUTERS/Jo Yong-Hak

Corporate cash-hoarding continues

Even as the economy improves, corporate America continues to pile up record amounts of unused cash, Bloomberg reports.  Read more at Counterparties 

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Breakingviews euro zone bank stress test calculator

Euro zone bank stress test calculator

Use the Reuters Breakingviews stress test calculator to calculate how the Target core Tier 1 capital ratio and sovereign haircut levels affect the amount of capital banks need to pass the stress test.  Full Coverage 

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Van Rompuy: further EU budget cuts could be considered

European Council President Herman Van Rompuy holds a news conference at the end of an EU leaders summit discussing the EU's long-term budget at the European Union (EU) council headquarters in Brussels November 23, 2012. REUTERS/Sebastien Pirlet

European Council President Herman Van Rompuy holds a news conference at the end of an EU leaders summit discussing the EU's long-term budget at the European Union (EU) council headquarters in Brussels November 23, 2012.

Credit: Reuters/Sebastien Pirlet

BRUSSELS | Fri Nov 23, 2012 11:36am EST

BRUSSELS (Reuters) - European Union leaders failed to reach agreement on a new seven-year budget for their troubled bloc, calling off talks in less than two days after most countries rejected deeper spending cuts demanded by Britain and its allies.

(Brussels newsroom)
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