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Wave of looting shutters stores, spreads fear in Venezuela

A wave of looting by hungry mobs across Venezuela has left streets of shuttered shops in provincial towns and pushed some store owners to arm themselves with guns and machetes, stirring fear that the turmoil could spread to the capital Caracas.

Euro surge threatens profitable bond trades

The euro's sizzling January rally is undermining one of the most profitable bond market trades of recent years by potentially raising hedging costs and thereby eroding profits of overseas investors.

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