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PRESS DIGEST - Wall Street Journal - Feb 8

Published 2016-02-08, 12:20 a/m
© Reuters.  PRESS DIGEST - Wall Street Journal - Feb 8
AABA
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Feb 8 (Reuters) - The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.

- Turkey's growing hostility towards Syrian Kurdish fighters
on charges of professed smuggling of weapons to members of the
Kurdistan Workers' Party in Syria, has strained U.S.-Turkish
relations.

- North Korea's launch of a long-range rocket triggered
condemnation and prompted Washington and Seoul to formalize
talks over deploying an advanced missile shield to South Korea,
a move China strongly opposes.

- National Bank of Canada warned that its regulatory-capital
level would take a hit after Germany's financial watchdog BaFin
effectively shuttered one of its foreign investments, the German
unit of Maple Financial Group.

- After a tough end to 2015, big companies like Johnson &
Johnson JNJ.N and Yahoo Inc YHOO.O are starting the new year
with a tight rein on capital spending including layoffs, as they
seek to cope with sluggish industrial demand and uncertainties
about the continued resilience of the American consumer.

- China's foreign-exchange reserves fell to the lowest level
in more than three years in January, raising questions about how
long Beijing can keep burning through the rainy-day funds to
defend the yuan without triggering a huge flight of capital.

- Hedge funds are betting the next bond sector to crack will
be the $4.5 trillion market for the safest U.S. corporate debt
and it won't be confined only to energy and junk bonds.

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