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Thursday, May 24, 2018

EU offer to US 'not enough' to end trade row

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The EU's top trade official warned that the bloc's last-ditch bid to persuade US President Donald Trump to back off from stiff tariffs on metals imports from Europe
EU offer to US 'not enough' to end trade row

Macron lays out new method to tackle poverty

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President Emmanuel Macron outlined what he called a "new method" for improving lives in neglected and poverty-wracked areas of French cities on Tuesday after a series of shockingly
Macron lays out new method to tackle poverty

Russia threatens retaliatory tariffs against US

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Russia may impose retaliatory tariffs of nearly $540 million on US goods in response to US duties on steel and aluminium, according to a document Moscow circulated Tuesday
Russia threatens retaliatory tariffs against US

M&S profits tumble on restructuring

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British clothing-to-food retailer Marks & Spencer reported a collapse in annual net profits on Wednesday, hit by a costly restructuring. Bottom-line net profit tumbled almost 80
M&S profits tumble on restructuring

Asian flour mills turn to Black Sea region

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Asian flour millers are set to buy record volumes of wheat from Black Sea producers in 2018 as traditional supplier Australia faces a second year of drought and
Asian flour mills turn to Black Sea region

Malaysia's April inflation up 1.4 percent

| By Business Desk
Malaysia's inflation rate in April rose 1.4 percent, slightly higher than the 1.3 percent recorded in March, according to data released by the Malaysian statistics department Wednesday.

Rio Tinto negotiates Grasberg copper exit

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Global miner Rio Tinto Ltd confirmed on Wednesday it was in discussions to sell its interest in the world's second largest copper mine to Indonesia's state mining holding

Vietnam's foreign reserve hits 63.5b USD

| By Business Desk
Vietnam's foreign reserve has reached an all-time record high of 63.5 billion U.S. dollars, up 0.5 billion US dollars from late April, according to a government report.

Strong dollar hits Asian share markets

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Asian shares skidded on Tuesday as a strong dollar sapped demand for emerging market assets while surging oil prices stoked concerns about a flare-up in inflation and faster
Strong dollar hits Asian share markets

French public sector, rail workers strike against reform proposal

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French public sector staff will join rail workers in striking Tuesday to protest reforms proposed by President Emmanuel Macron, with the country braced for possible major disruption.
French public sector, rail workers strike against reform proposal

Indonesia will shield public from 'big shock'

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The Indonesian government will protect the public from any "big shock" from soaring global oil prices by raising subsidies, its finance minister said on Tuesday.Net oil
Indonesia will shield public from 'big shock'

US farmers plow ahead with plantings as trade war fears

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US farmers said they would push ahead with plantings planned before U.S.-China trade tensions eased and, now that the two countries have resumed talks, take a wait-and-see approach

Sony buys EMI Music Publishing in $1.9b deal

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Japanese entertainment giant Sony on Tuesday unveiled a $1.9-billion deal to buy industry titan EMI Music Publishing, which has the rights to songs by the likes of Queen

Oil rises towards $80 as supply concerns mount

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Oil rose towards $80 a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighten global supply.

Serica awaiting US license for Rhum field

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Serica Energy is still awaiting clarity on the impact of the renewal of U.S. sanctions on fields in the North Sea half-owned by a UK subsidiary of the

Beer maker AB InBev pumps up the volume in Africa

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Sitting outside the ramshackle Vimba Tavern in Johannesburg's Alexandra township, Patrick Mashego swigs from a one-liter bottle of Carling Black Label, South Africa's most popular beer.Rolled

Stocks, oil and dollar rise

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Stocks, oil prices and the dollar were on the rise on Monday after the US-China trade war was declared "on hold" while in Europe, Italy's borrowing costs climbed and

US underscores importance of concluding new NAFTA

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US Deputy Secretary of State John Sullivan underscored the importance of concluding a new NAFTA trade deal in talks on Sunday with Mexican Foreign Minister Luis Videgaray on
US underscores importance of concluding new NAFTA

BP back on its feet but CEO senses no respite

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After the near collapse of his company following the 2010 Gulf of Mexico disaster and a three-year slump in oil prices, BP Chief Executive Officer Bob Dudley is hardly
BP back on its feet but CEO senses no respite

Italy must present Monte dei Paschi exit plan by 2019

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Italy must present the European Commission with a plan for its exit from lender Monte dei Paschi by 2019, Chief Executive Marco Morelli told daily Corriere della Sera.
Italy must present Monte dei  Paschi exit plan by 2019

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