Thieves stole more than $1 million worth of Apple products during a New Years Eve heist

As the world celebrated the New Year, masked men forced their way into an Apple (AAPL) retail store in Paris and made off with an estimated $1.32 million worth of iPads, iPhones and Macs, according to The Wall Street Journal. The suspects are said to have broken in through an employee entrance, slightly injuring a cleaner and a security guard. Apple products have been a hot commodity for thieves this...

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Poll: Would you buy a blue, pink or yellow iPhone 5S?

A report issued by Topeka Capital Markets on Wednesday morning suggested that Apple (AAPL) has some big changes in store for the next-generation iPhone. According to analyst Brian White, the “iPhone 5S” will be available with two different screen sizes to help Apple better address emerging markets, marking the first time Apple offers a single smartphone model with multiple screen size options. In...

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Egypt budget deficit expected to widen to 200 billion pounds: agency

 Egypt's budget deficit in the year to end-June 2013 could widen by 50 percent from the original forecast made in July, according to a figure released by the planning minister on Monday."The budget deficit is expected to rise to 200 billion Egyptian pounds ($31.5 billion) in the current fiscal year unless strict economic policies are put in place to confront it," the state news agency quoted...

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Egypt's leader sees currency stabilising "within days"

 Egypt's pound fell to a record low on Monday as the president signalled his government would allow it to depreciate slowly for several more days to stop a drain on foreign reserves that has driven the economy into crisis since the fall of Hosni Mubarak.Hit by a new bout of political turmoil in the last month, the pound had weakened to a record low on Sunday at a new dollar auction brought in...

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Egypt budget deficit expected to widen to 200 bln pounds: agency

Egypt's budget deficit in the year to end-June 2013 could widen by 50 percent from the original forecast made in July, according to a figure released by the planning minister on Monday."The budget deficit is expected to rise to 200 billion Egyptian pounds in the current fiscal year unless strict economic policies are put in place to confront it," the state news agency quoted Ashraf al-Araby as saying...

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Nigerian forex reserves up 34.4 pct yr-on-yr by December 24

Nigeria's foreign exchange reserves rose 34.45 percent year-on-year to $44.25 billion by December 24, latest figures from the central bank showed on Monday.The forex reserves of Africa's second biggest economy were down from their year peak of $44.64 billion on December 7. Reserves stood at $44.03 billion a month ago and $32.91 billion the same the same time last year.Nigeria's central bank has been...

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Markets calm despite looming fiscal cliff

Markets appeared Monday to take in stride the ongoing failure of U.S. politicians to agree to a budget deal in time to avoid automatic tax increases and spending cuts that many economists think could tilt the world's largest economy back into recession.With just hours to go before the U.S. falls off the so-called "fiscal cliff," Republicans and Democrats remained divided over taxes and spending, raising...

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