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    Wochit Headline News

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    LONDON (Reuters) - Britain's Royal Mail was valued by some investment banks 50 percent higher than last week's public sale price, a newspaper reported, adding to a debate over whether the postal service was sold off too cheaply. In a report on Saturday, the Financial Times said Royal Mail was valued by banks not involved in the sale at up 5 billion pounds($8.09 billion) in June. The newspaper said at least two investment banks pitched a maximum price of about 500p, quoting banking sources. ...
    BERLIN (Reuters) - The head of the German Bundesbank has told Chancellor Angela Merkel to keep a tight grip on government spending in coalition talks with the center-left Social Democrats (SPD) next week, in which she faces pressure to boost investment funding. "It is important to shape public budgets in a way that preserves a safe distance to the net new borrowing ceiling, to avoid unpleasant surprises," Jens Weidmann told the business magazine Wirtschaftswoche on Saturday. Coalition talks between Merkel's conservative block and the SPD are due to begin on Wednesday. ...
    Mario Draghi, European Central Bank head, wrote to the European Commission last month asking that bondholders be spared any losses in the event of a bank rescue until a Europe-wide banking union is fully ...
    Growth of Swiss watch exports could accelerate to 5-10 percent next year, Jean-Christophe Babin, new chief executive of Italian jewelry and watch brand Bulgari , was quoted as saying on Saturday. Macroeconomic ...