Europe News
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European stocks fell for the first week in six as Greek Prime Minister George Papandreou issued and then withdrew a pledge to hold a referendum on the latest bailout package for his country, reviving concern that the euro area’s debt crisis will spread.
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Deutsche Bank AG, BNP Paribas SA and Goldman Sachs Group Inc. are among banks that must hold additional capital buffers ranging from 1 to 2.5 percentage points under plans approved today by the Group of 20 nations.
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Anglo American Plc agreed to buy the Oppenheimer family’s 40 percent stake in De Beers for $5.1 billion in cash, ending the dynasty’s 80-year ownership in the world’s largest diamond miner.
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Time Warner Inc. made an offer of about 1 billion euros ($1.4 billion) for Endemol NV, the Dutch producer of “Big Brother” television shows that is seeking to reorganize 2.8 billion euros in debt, according to two people with knowledge of the matter.