BRIEF-Staples says Cerberus to buy controlling stake in Co's European business
* At completion of sale, Staples shall be obligated to deliver Staples Solutions B.V. & Units with unrestricted cash of EUR 20.0 million
Singapore banks have seen a sharp increase in the amount of yuan deposits over the past nine months, after moves were made to strengthen the Republic's position as a yuan offshore centre.
Banks in Singapore had 220 billion yuan ($35.49 billion) in deposits at the end of March, up sharply from 138 billion yuan in June last year, data from the Monetary Authority of Singapore showed.
NOTE: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 6.1995 Chinese Yuan Renminbi) (Reporting by Singapore Newsroom; Editing by Subhranshu Sahu)
OTTAWA, Dec 7 - The Bank of Canada pointed to undiminished uncertainty and a "significant amount" of slack in the Canadian economy as it held interest rates steady on Wednesday, noting that inflation is below expectations and growth set to slow as 2016 draws to a close.
NEW YORK, Dec 7 The Pimco Total Return Fund, once the world's largest bond fund, posted $2 billion of net outflows in November, bringing year-to-date total cash withdrawals to $12.9 billion, Morningstar said on Wednesday.