Oil markets warmish ahead of OPEC meeting

Today, Oil markets were tepid as traders were reluctant to take on big new positions ahead of an OPEC meeting on November 30, 2017, when the producer club is
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Gulf carriers may be in focus under foreign airline US tax exemption cut

A US congress proposal eliminating income tax exemptions for certain airlines could affect major Gulf carriers, potentially worsening frictions between US airlines and Middle East rivals. The proposal was
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Fund managers clash over Snap Shares

During the social media company’s challenged third quarter, regulatory filings showed yesterday that Fund Managers expressed strong contradicting views on Snap Inc. Snap Shares sank 18% in Q3 and
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Iraq raises December Basra Light Crude prices to Asia and Europe

Iraq will be raising December official selling prices (OSPs) for its Crude Oil sales to Asia and Europe. However it will be trimming the Basra Light Crude price for
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Oil markets stable as markets tighten, volatility expected

Today, Oil markets were little changed, supported by ongoing cuts and strong demand which have resulted in a tightening market, although the prospect of rising US output topped prices.
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Alphabet’s Waymo to launch robotaxis with no human in driver’s seat

Yesterday, Waymo announced in a statement that it was launching a ride-hailing service with no human behind the wheel, testing the fully self-driving cars on public roads in Arizona,
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Saudi purge worries investors but may hasten reforms

The kingdom’s stock market was briefly dragged down yesterday as a purge of Saudi Arabia’s political and business elites is currently taking place in the country. 11 princes, four
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Saudi investment ambitions impress despite foreign money being slow to come

KSA impressed bankers and fund managers from around the world last week with the size of its economic ambitions but it may not have convinced foreign businessmen to pour
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French President to promote France with investors over Elysee dinner

French President Emmanuel Macron will invite close to two dozen of international leaders in investment funds to dinner at the Elysee palace premises tonight, in order to promote France
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Cloud computing drives massive growth for big US tech firms

Last Thursday, Amazon.com Inc., Microsoft Corp., Alphabet Corp’s Google and Intel Corp posted stellar quarterly earnings showing the strength of the shift in corporate computing away from company-owned data
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Lebanese Central Bank: Enough reserves for stable Pound

According to Thomson Reuters, Central Bank governor, Riad Salameh, confirmed that Lebanon’s Central Bank has the necessary foreign-currency reserves needed to keep the Lebanese Pound stable against the US
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KSA determined to end Oil glut, sees smooth exit for OPEC pact

Saudi Arabia is determined to reduce inventories further via an OPEC-led deal to cut Crude output. The world’s top Oil exporter raised as well the prospect of prolonged restraint
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Airbus turmoil overshadows bid to rescue CSeries

Last week, Airbus’s take-over in buying a $6 billion Canadian jetliner project for a Dollar stunned investors and took the spotlight off a growing ethics row but internal confusion
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iPhone 8 demand drags Apple Shares lower

Yesterday, Apple Inc’s Shares fell nearly 3% on signs of weak demand for the iPhone 8 that caused analysts and investors to question the company’s release strategy for its
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New cancer drugs help Johnson & Johnson top profit estimates

On Tuesday, Johnson & Johnson posted better-than-expected Q3 earnings, raising its full-year forecast by the growth from new cancer drugs and high-margin treatments picked up in its $30 billion
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Oil jumps on fears of new Iran sanctions and Iraq conflict

During the night, Oil markets jumped over concerns of potential renewed sanctions against Iran as well as conflict in Iraq, while an explosion at a US Oil rig and
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Richard Branson takes another bet with Hyperloop One

Yesterday, British billionaire Richard Branson placed an investment in Hyperloop One, which is developing super high-speed transportation systems. The company did not disclose the size of the investment.  
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Iran startups thrive despite sanctions

Iran’s technology entrepreneurs are learning to live with revived hostility in the United States and growing suspicion. Their start-ups and mobile apps are flourishing, driven by government infrastructure support
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Turkish Lira slides

During the night in currency markets, the US Dollar was a shade softer at 93.768 against a basket of other competitors and edged down to 112.57 Yen, having been
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Saudi says ‘flexible’ on Russian idea to extend oil cuts

Yesterday, Saudi Arabia made no firm pledge to extend a deal between OPEC, Russia and other producers on cutting supplies but said it was “flexible” regarding Moscow’s suggestion to
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Saudi king heads to Russia, with Oil, investment and Syria on agenda

Saudi Arabia and Russia, are expected to discuss cooperation on Oil production and differences over Syria and Iran tomorrow during the first visit of Saudi King to Moscow. Prince
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Benghazi Port in Libya reopens after three-year closure

Yesterday, after a three-year closure due to fighting between rival factions in the east Libyan city, Benghazi’s commercial port officially reopened. Like Benghazi’s airport, the port had been closed
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Oil gains on optimism over demand outlook

Oil prices rose today, with both Brent and US Crude set to make another weekly gain as investors bet that efforts to cut a global glut are working and
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Nestle could swap out a tenth of portfolio

Nestle could swap out around 10% of group sales as it enters new areas of business and leaves others, CEO  Mark Schneider told investors in London on Tuesday, according
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Internet giants, on the defensive in Washington

Alphabet’s Google and Facebook, are making compromises on several major policy issues as they adjust to an important shift in the political winds in Washington. These firms enjoyed an
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OPEC panel to discuss extending Oil cut deal, tracking exports

The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC nations are meeting today to discuss a possible extension of an Oil supply cut deal to support prices and
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Lebanese Energy Minister launches 600 KW solar tenders

This Monday, Lebanon’s Energy Minister Cesar Abi Khalil announced the launching of tenders for two solar power plants with a combined capacity of 600 kilowatts, over the a conference
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Snap says removes Al Jazeera’s Discover Publisher channel in KSA

On Sunday, Snap Inc. has been asked by the Saudi Arabia government to remove Qatar-based news service Al Jazeera Discover Publisher Channel because of violation of local laws, the
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Dollar sustains overnight gains as market await data

Yesterday, the US Dollar’s rally paused after performing its longest streak in more than a month, as traders waited for consumer inflation data later in the day for clues
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Apple launches $999 iPhone X in bid to regain innovation lead

Yesterday, Apple Inc. launched its iPhone X, a glass and stainless steel device with an edge-to-edge display that CEO Tim Cook called “the biggest leap forward since the original
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Global shares up in Asia on relief at North Korea inaction

Early today, the Dollar won a reprieve from risk aversion after North Korean dictator Kim Jong Un decided to hold a party over the weekend rather than launch another
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Oman counts on Chinese billions to build desert boomtown

The economic interests of the Omani and Chinese governments are coinciding in ways that promise a surge of Chinese capital into the region over the next few years. Oman’s
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Market cautious after North Korea nuclear test

Early yesterday, the US Dollar slipped against the Safe Haven Japanese Yen and Swiss Franc early as global tensions simmered amid signs that North Korea could conduct more missile
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Yen, Bonds and Gold gain after North Korea tests ‘hydrogen bomb’

During the night, the Japanese Yen, Gold and sovereign Bonds all rose as North Korea’s latest nuclear test provoked the usual reflex shift to safe Havens, though Equity losses
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Google, Apple face off over augmented reality technology

Wednesday, Alphabet Inc.’s Google launched tools to make augmented reality apps for mobile devices using the Android operating system, setting up its latest showdown with Apple Inc.’s iPhone over
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Mideast oil producers on low-level alert after Iraq pricing switch

According to Thomson Reuters, Saudi Arabia and Kuwait are unlikely to follow Iraq in a major shift in the way it prices its oil in Asia and will monitor
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Uber picks Expedia’s Dara Khosrowshahi as new CEO

According to Thomson Reuters, Uber Technologies Inc. chose Dara Khosrowshahi, former CEO of travel company Expedia Inc., as its new chief executive yesterday, handing him the challenge of leading
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Gold edges higher on softer Dollar

This Wednesday, Gold prices inched up as the Dollar slipped after remarks by US President Donald Trump raised fears of a government shutdown. Many analysts believe that we could
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China’s robot revolution may affect the global economy

China is installing more robots than any other nation, and that may affect the rest of the world. The intense pace hasn’t hurt Chinese wages yet, however it might
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US sanctions hit Russian hopes of a ‘Trump bump’ for investment

The new US sanctions on Russia have forced local business chiefs to accept that president Donald Trump’s rise to power is not about to produce a bump in foreign
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Five suspected terrorists killed following Barcelona attack

Yesterday night, five terrorists were killed by police in a confrontation south of Barcelona, hours after 13 people died when a van rampaged down Las Ramblas avenue. Two suspects
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UBS said to charge about $40,000 for basic MiFID research

UBS Group AG. is offering to charge its clients around $40,000 yearly to access equity research once new MiFID II regulations come into effect, according to Bloomberg. UBS is
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KSA favors NYC for Aramco listing despite risks

According to Thomson Reuters, Saudi Arabia favors New York for the main foreign listing of state Oil giant Aramco, even though some financial and legal advisers have recommended London
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New taxes bad for investments, according to Bank Audi

Bank Audi has warned in a recent report that the salary scale bill could trigger greater spending in the economy and that parallel taxes may scare away private investments
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Prince Al-Waleed bin Talal to invest $800 million in Egypt

Saudi Arabia’s Prince Al Waleed bin Talal is about to invest arround $800 million to expand the Four Seasons resort in Sharm el-Sheikh, in partnership with Talaat Moustafa Holding
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Samsung launches high-end dual-screened Android flip phone

Samsung has recently launched a high-end dual-screen flip phone in China which contains many of the company’s latest features. Samsung hasn’t made a big official announcement but a product
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Gulf banks are refusing to extend Qatar deposits

Some banks based in KSA, UAE, Bahrain and Egypt, aren’t extending deposits with Qatari lenders when maturing, according to anonymous sources interviewed by Bloomberg. These banks are concerned that
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Apple Shares sail to record high on healthy iPhone sales

According to Thomson Reuters, Apple Inc. delivered strong fiscal Q3 earnings on Tuesday and signaled that its upcoming 10th-anniversary phone lineup is on schedule, with the Stock up 6%
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Tesla hands over first Model 3 electric cars to early buyers

Tesla’s CEO Elon Musk has become known for displaying as he has built his company and last week he delivered its first Model 3 electric cars in front of
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Goldman Sachs: Lebanon’s Eurobonds undervalued

According to global investment bank Goldman Sachs, Lebanon’s three to seven year maturity Eurobonds should fetch a better price than the current rates, a valuation that should encourage investors
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Abu Dhabi Ports Weighs IPO Amid U.A.E. Listing Spree

According to people familiar with the matter, Abu Dhabi Ports Co. is considering a public offering, joining a growing list of state entities in the UAE, seeking to sell Shares.
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IMF keeps global growth forecasts

Today, the International Monetary Fund (IMF) kept its growth forecasts for the world economy unchanged for this year and next, although it slightly revised up growth expectations for the
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MEA records more than $1B profits since 2002

Thanks to the reforms and restructuring program carried out by Chairman Mohamad al-Hout and the board of directors, airline carrier Middle East Airlines announced in a statement a profit
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Oil dips despite OPEC pledge to cut output

Last week, Oil markets dipped, pulled down by high fuel inventories and improving industry efficiency, but are still on track for a solid weekly gain. Crude prices are around
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Uber and Yandex to combine their businesses in Russia and beyond

According to Thomson Reuters, Uber and Yandex, have agreed to combine their Russian ride-sharing businesses, in a deal that extends to five nearby markets. In a joint statement, Yandex
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Dollar moves again on Fed’s Yellen’s testimony

Yesterday, the Dollar dipped against its peers after Fed Chair Janet Yellen did not sound as hawkish as many had anticipated yesterday at her semiannual appearance before Congress. Yellen
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Australians Are Divided Over Their Economy

Australians are divided as never before over their judgment of the nation’s economy. Consumer sentiment remains lethargic. Data shows that pessimists are outnumbered by optimists for an eighth-straight month,
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Qatar Central Bank says country has $340 billion in reserves

In an interview published early today, Central Bank governor Sheikh Abdullah Bin Saoud al-Thani told CNBC, that Qatar has $340 billion in reserves including holdings of its sovereign wealth
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Telecoms key to Lebanese economy, Minister Jarrah, announcing changes

Telecommunications Minister Jamal Jarrah said yesterday during a press conference that Lebanon’s telecoms sector is one of the pillars of the economy and provides huge funds to the Treasury,
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Qatar shows mettle, offers compromise as Gulf states prepare meeting

Yesterday, Qatar announced plans for a sharp rise in Liquified Natural Gas (LNG) production capacity that suggested it was ready for a prolonged dispute with Gulf neighbors, but Doha
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Samsung to launch refurbished Note 7 in South Korea

On Sunday, Samsung Electronics Co. Ltd. announced it will re-launch a refurbished version of the Galaxy Note 7 smartphone in South Korea starting July 7. This version will use
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Nike to launch pilot program with Amazon

The world’s largest footwear maker, Nike Inc.  said yesterday it was going to launch a new pilot program with Amazon.com Inc. to sell a limited product assortment on the
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Euro gets boost from Draghi, delayed US Senate vote dents Dollar

During the night, the Euro hit a 10-month high after the European Central Bank chief hinted the days of the ECB’s stimulus were numbered and as the Dollar was
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Qatar’s emir meets Exxon Mobil Corp CEO

On Saturday, Qatar’s emir met with Exxon Mobil Corp Chairman and CEO Darren Woods in Doha for talks on “cooperation,” at the Al-Bahar Palace, according to news agency QNA,
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American Airlines pushes back on Qatar Airways plan to buy stake

Yesterday, American Airlines’ CEO Doug Parker said he was not “particularly excited” about Qatar Airways’ interest in buying up to 10% of the US carrier’s Shares, in a letter
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Saudi King Names His Son as Heir

In a royal decree, King Salman relieved Crown Prince Muhammad bin Nayef from his post, according to state-run television. The king’s decision to elevate his son, who already controlled the
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Saudi Energy Minister says that Oil market fundamentals are going towards the right direction

According to the London-based newspaper Asharq al-Awsat, Khalid al-Falih the Saudi Energy Minister said on Monday that market fundamentals were going towards the right direction, but that market needed
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Snapchat sinks to IPO price for the first time

Yesterday, Snap Inc. Shares dropped by 4.9% percent to their initial public offering price, losing investor’s confidence in the social media company that still faces fierce competition from Facebook.
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Surging Shale brings new financing structure for energy infrastructure

Strong demand for Shale Oil-and-Gas infrastructure is giving rise to an important new financing vehicle for pipeline, processing and storage ventures that are needed to get more Shale fuels
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Sterling shaken by UK election shock

Last Friday morning, the Pound slipped to $1.2634, its lowest level in more than a month, as results from the British general election pointed to the possibility of a
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Euro dips ahead of ECB policy announcement

On Thursday the Euro steadied after slipping to a four-day low of 1.1205 against its US counterpart, as the European Central Bank (ECB) is likely to stick to its
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Gulf markets fall as Qatar crisis worries investors

On Tuesday, most Gulf Stock markets fell as the diplomatic crisis surrounding Qatar worried investors, while Egypt’s Equities Index climbed for an 11th straight day to a fresh record
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World Bank says trade, manufacturing to boost 2017 global growth

On Sunday, the World Bank maintained its forecast on global growth improving to 2.7% this year, citing a pickup in manufacturing and trade, improved market confidence and a recovery
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Trump abandons global climate pact

Yesterday President Donald Trump announced he would withdraw the United States from the landmark 2015 global agreement to fight climate change, a move that fulfilled a major campaign pledge
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Amazon Shares break $1,000

Yesterday Amazon.com became the second of the current S&P 500 components to hit the $1,000 price mark, beating Alphabet and underscoring a massive rally in large-cap technology-related stocks. Shares
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Vietnam plans to open special economic zones

Vietnam Planning and Investment Minister said that the country plans to open three special economic zones that offer investors greater incentives and fewer restrictions than available to date. Last
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Carlos Slim eyeing electric taxi to reduce pollution in Mexico City

Giant Motors, partially owned automaker by Lebanese-Mexican billionaire Carlos Slim, is working on a prototype electric taxi to replace the current cabs polluting the City of Mexico, according to
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Moody’s downgrades China, warns of fading financial strength as debt climbs

During the night on Wednesday, Moody’s Investors Service downgraded China’s credit ratings, saying it expects the financial strength will erode in coming years as growth slows and debt continues
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For Gold, Donald Trump’s presidency could cut both ways

Gold has climbed amid allegations that Trump asked FBI Director James Comey in February to end his investigation of former National Security Adviser Michael Flynn and the president may have
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Etihad Airways’ $4 Billion expansion plan has little to show

In 2011, Etihad Airways CEO James Hogan made a bold strategy to catch up with the airline’s more established Persian Gulf rivals: buying stakes in smaller carriers across three
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Yahoo to buy back up to $3 billion Shares

On Tuesday Yahoo Inc. announced it would buy back up to $3 billion Shares through a tender offer in order to provide liquidity to stockholders looking to sell the
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Asia Stocks shake off cyberattack threats, North Korea threats to hit two-year high & oil jumps

Today, Asian Stocks were resilient edging up to a two-year high after shaking off threats posed by a cyberattack that locked up more than 200,000 computers in over 150
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Emirates profit drops 70% on stuttering economies

The Emirates Group, posted its first decline in annual profit for five years as the low Oil price weighed on Arab Gulf economies and terrorist attacks discouraged people from
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CFA Institute mulls adding “big data” to financial analyst exam

On Tuesday, the CFA Institute announced it will weigh changing its exam to tackle artificial intelligence and the “big data” investors cull for an edge in markets. The institute’s
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Euro strengthens ahead Of non-farm payrolls

On Friday, the Euro rose to $1.0989, the highest since early November 2016 on greater certainty that centrist Emmanuel Macron will win France’s presidential election, along with expectations of
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S&P 500 tech index edges toward $5 trillion and Apple steals spotlight

Those looking for big round numbers might be better off looking to the S&P 500 technology index as a whole, which is approaching the $5 trillion mark. The S&P
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Oil giants interested in Lebanon

Last week, Energy Minister Cesar Abi Khalil hailed Lebanon’s ability to attract “the world’s largest Oil companies” to invest in its Oil and Gas sector. “The chances of success
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Twitter partners with Bloomberg for streaming TV news

On Sunday, the Wall Street Journal reported that Twitter Inc. is collaborating with Bloomberg Media for a round-the-clock streaming television news service on the social networking platform, The channel,
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Qatar Air expands to San Francisco after Emirates’ Trump cuts

Qatar Airways Ltd. announced plans to add San Francisco to its network of US destinations, plotting expansion just days after rival Emirates moved to reduce flights to the country
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Euro drops on Paris terrorist shooting ahead of election

On Friday, the Euro stabilized early after jumping to 1.0778, the strongest level versus the US Dollar since March 29, as investors reduced short positions in the spot market
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5 things to know before starting your day

1-    Treasury Secretary Steven Mnuchin helped lift US Stocks and the Dollar to session highs after pledging that the new administration was “pretty close” to bringing forward major tax reform and
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Inspired by Pokemon Go, Facebook pushes augmented reality

On Tuesday, Facebook Inc. CEO Mark Zuckerberg said Facebook was trying to seize on the technology known as augmented reality, a mix of the real and digital worlds best
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China’s Q1 GDP grows faster than expected and steel output hits record

In the first quarter from a year earlier, China’s economy grew 6.9% slightly faster than expected, supported by a government infrastructure spending spree and a frenzied housing market that
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Dollar and Euro drop as investors wary of geopolitical risks

Early on Tuesday, the US Dollar fell against the Yen as concerns over tensions with North Korea and Syria weighed on US Treasury yields and offset expectations of US
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Google offers $880 million to LG display for OLED investment

Google Inc. has offered to invest at least 1 trillion Won ($880.29 million) to help South Korea’s LG Display Co Ltd. boost output of organic light-emitting diode (OLED) screens
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Dollar falls from three-week high after Fed Minutes

On Wednesday, The US Dollar slipped against its major peers after the minutes of the latest Federal Reserve meeting showed that the outlook for interest rates had not changed
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Pound falls first time in three days as UK data slows

On Monday, the British Pound slipped against the US Dollar after data showed British manufacturing lost momentum last month, the latest sign the economy may be running out of
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Dollar rallies as Eurozone uncertainties increase

Last Thursday, the Dollar rose to a two-week high against its major peers as a combination of technical trading, strong US economic data and potential weakness in the Eurozone
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China says not devaluing yuan and urges US cooperation

China called on the United States to play its part in resolving trade frictions between the two countries, and said Beijing isn’t devaluing its currency to boost exports as tensions simmered
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Dollar limped off multi-months lows

On Monday, the Euro nudged away from a 4-1/2 month peak of $1.0906 scaled after Trump’s healthcare defeat. Moreover, the common currency got a lift when German Chancellor Angela
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Sterling rises after strong retail sales data

Last week, Sterling hit a one-month high of $1.2530 on Thursday, after stronger than expected UK retail sales data for February soothed worries about weakening consumer sentiment. The move
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Trump’s healthcare bill in focus

On Wednesday, the Dollar advanced against most of its peers, after slipping as Treasury Yields halted a four-day decline ahead of the US Congress vote on health-care reform that
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The Laptop Ban and What It Means for Air Travel

Middle East airports and passengers are dealing with new US and British rules banning laptops and other big electronic devices in carry-on luggage. Both governments prohibited these devices in
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Uber president Jeff Jones quits, deepening turmoil

The ride services company Uber Technologies Inc. been pushed deeper into turmoil with the departure of its company president Jeff Jones, a marketing expert hired to help soften its often abrasive
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Apple plans two more Chinese research hubs as iPhone sales slow

This week, Apple Inc. has revealed plans to establish two more research centers and boost investment in China, as it is pivotal market in which the iPhone has been rapidly elbowed
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Dollar pushes up on US Yields

On Tuesday, the Dollar inched up against a basket of currencies as the US Treasury yields extended their rise ahead of an expected interest rate hike by the Federal
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Lebanon to issue new batch of $1.5 billion in Eurobonds

The Finance Ministry has appointed Barclays, Byblos Bank, Société Générale de Banques au Liban and JPMorgan to co-manage the issuance of $1.5 billion in Eurobonds that will finance the
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Gold slides below $1,200 in its longest losing since October

During the night, Gold fell below $1,200 an ounce in its longest losing run since October 2016 as positive US figures reinforced expectations that Yields on other investments will
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Dollar holds gains as US March rate hike is seen certain

During early Asian sessions on Tuesday, the US Dollar pushed higher after Federal Reserve board member Lael Brainard joined a chorus of her colleagues who have hinted that a
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Oil prices steadies after US amasses set record

Early last Friday, Oil prices recovered after falling more than 2% a day earlier due to a rise last week of US Crude Stocks by 1.5 million barrels to
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Snap Jumps in Debut After App Maker Raises $3.4 Billion in IPO

Snap Inc. The disappearing photo app that relies upon millennials, jumped in its trading debut after pricing its initial public offering above the marketed range. Yesterday, Shares opened at
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Euro recovers as economic confidence improves

On Tuesday, the Euro found some support after hitting a one-week high of $1.0631 the previous day from the easing of French political worries and the release of upbeat
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Last week recap: Dollar drifts lower after Mnuchin’s comments

On Thursday, the Dollar weakened against its major peers after US Treasury Secretary Steve Mnuchin said that he wanted to see “very significant” tax reform passed before Congress’ August
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Lebanese government determined to go through with first round of Oil and Gas tenders

According to Minister of Energy and Water Cesar Abi Khalil, Lebanon is determined to go through with the first round of Oil and Gas tenders based on transparent standards.
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S&P 500 is already trading at Wall Street’s year-end forecast

The market has already reached the average year-end target of Wall Street analysts with a 5.5% gain since December, according to data compiled by Bloomberg. The average estimate is
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Kraft walks away from ‘friendly’ bid for Unilever

On Sunday, US food company Kraft Heinz Co. withdrew its proposal for a $143-billion merger with larger rival Unilever Plc., the maker of Lipton tea and Dove soap, raising
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Singapore’s economy expands at fastest pace in more than 5 years

In the fourth quarter, Singapore’s economy grew at its fastest pace in more than five years driven by a surge in manufacturing as export demand recovered. Gross domestic product
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Valentine’s Chocolate Gets Cheaper as Cocoa Supply Swells

Buying a box of Valentine’s Day chocolates could be cheaper this year thanks to booming cocoa supplies! There are bigger harvests in Latin America and in West Africa, which
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Sanofi to sell some over-the-counter drugs to Ipsen

According to a report from Bloomberg and Thomson Reuters, the drug-maker Sanofi  is close to selling some over-the-counter drug products to Ipsen SA, in a deal that could be
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Asian Stocks rally and Bonds drop on Trump tax pledge

After US President Donald Trump promised a plan to overhaul business taxes in the next few weeks, Asian Stocks rallied while the Yen and government Bonds fell. From Japan
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Euro dips on French political uncertainty

The Euro slid to a one-week low against the US Dollar early on Tuesday, on concerns over French politics ahead of the presidential vote in April as well as
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China raises short-term interest rates while Trump devaluation claims raise fears of a currency war

Chinese Stocks slumped the first day of trading after a weeklong break for the Lunar New Year, sending Asian markets skidding for their biggest losses after the People’s Bank
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Aussie’s record start to get more fuel from China trade

The Aussie Dollar doubled down on Thursday on its best-ever start to a year as a record trade surplus points to extra government income that could reduce the fiscal
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Yen gains as investors react to Trump executive actions

The Dollar tumbled overnight against the Japanese Yen, which benefited from its safe-haven status as President Donald Trump’s tough stance on immigration rattled investors and curbed risk appetite. Bank
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Gold Goes Cold as Chinese markets close for the Year of Rooster

Gold Futures posted the longest loss since November as buying from China (the biggest Gold consumer) stopped ahead of its week-long holiday to celebrate the Lunar New Year. On
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Microsoft to invest over $1 billion a year on cyber security

U.S. software firm Microsoft Corp (MSFT.O) will continue to invest over $1 billion annually on cyber security research and development in the coming years, a senior executive said. This
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Dollar struggles on worries over Trump protectionism

The Japanese Yen slid against the US Dollar and was able to reverse its gains early yesterday, after touching a high of $112.52 pressured by concerns about the impact
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Asian Shares resilient on Monday

This Monday, Japan’s Nikkei dropped 1.1% while Australian Shares slipped 0.7% after, the Trump administration confirmed, on its first day in office, its will to withdraw from the Trans-Pacific
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Impact of job-stealing robots raises concern at Davos

Over the last decade, open markets and global trade have been blamed for job losses but global CEOs say the real culprits are the increase of machines. Business leaders
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Saudi Aramco CEO confirms it will continue building Oil and Gas capacity to meet demand

Amin Nasser Chief Executive of Saudi Company Aramco said that it was currently working on building its Oil and Gas production capacity to meet future demand growth. Nasser said
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Samsung Electronics probe finds battery was main cause of Note 7 fires

A source told Reuters on Monday that a Samsung Electronics Co. Ltd. investigation has concluded that the main reason of what caused the Galaxy Note 7 smartphone to catch fire
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Stocks are no longer the most actively traded securities in Stock markets

Individual Shares no longer are the most actively traded securities in the market. Todd Rosenbluth, Director of ETF and mutual funds at CFRA, independent research provider told Bloomberg: “What
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Oil prices edge up on reports of Saudi supply cuts

Today, Oil edged up lifted because of reports on Saudi supply cuts to Asia. According to Reuters, traders said that the price rises were a result of reports that
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UK Foreign Secretary Boris Johnson met with some of Donald Trump’s top advisers

Britain is looking to build ties with the incoming Trump administration ahead of the country’s withdrawal from the European Union. Donald Trump’s top advisers at this session involved Trump’s chief strategist,
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New Lebanese government gives its OK to Oil decrees to start tender process

<p>On Wednesday, Lebanon’s new government passed two decrees regarding Oil and Gas exploration blocks, which mean a tender process for offshore reserves, delayed since 2013, can finally start. The country
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Sterling hit a two-month low against a rising Dollar

On the first Day of London trading in 2017, the Sterling hit a new low against the Dollar that soared to its highest levels in 14 years. The Pound
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Euro Climbs Along With Oil as Japan Stocks Decline

Euro climbed higher as the Dollar weakened for a second day and Oil advanced in thin end-of-year trading. Japanese Stocks headed toward their first annual loss since 2011 while
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U.S. stock futures slightly higher after the holidays

U.S. Stock index Futures were somewhat higher after the Christmas holiday, maintained by small gains in U.S. Crude prices. Crude went up 0.3% on Tuesday at $53.16/barrel after a
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Monte Paschi Said Heading for Nationalization

European markets were confident for one last burst of action before the end of 2016 on Thursday, with Italy expected to lay down plans in order to rescue the world’s oldest
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Careem app closes first part of funding round backed by Japanese and Saudi investors

Dubai-based  company Careem a ride-hailing app stated on Monday that it closed its first part of a $500 million funding round backed by investors such as Japan’s Rakuten Inc
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Iran bought planes from Europe’s Airbus

This Monday morning, Iranian state news agency IRNA reported that a deal for IranAir to purchase 100 jets from Airbus has been finalized. The country plans to rebuild its
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Here’s what you need to know for this week

In early trade yesterday, stocks jumped into the green on the heels of solid economic data. Three major indices slipped, but ultimately still finished in the green. The scoreboard:
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OPEC agreement and the rise of European stocks

European stocks climbed to their highest level in three weeks, ending the month with gains on the rise of energy stocks due to a jump in oil prices after
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Oil tumbles and the dollar at its highest level in 13 years

Oil prices recorded a slight decrease at the settlement before that one percent fall in trading after the close of Thursday with the dominance of  higher dollar’s impact on
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Dollar jumps to its highest level with the assessment of Trump’s “policies” impact

The dollar jumped to its highest level in three and a half months against the yen at a time when the markets assess the impact that economic growth may
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A new oil production record for OPEC

A survey conducted by Reuters, concluded that OPEC oil production rose in June to its highest level in modern history with the recovery of the Nigerian oil industry, partly
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International Monetary Fund warns the United States of rising poverty and inequality

International Monetary Fund cut its forecast, Wednesday, of the level of economic growth in the United States this year, pushing them to raise the minimum wage’s level to help
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US FED: Britain’s exit referendum affects the decisions of a rate hike

The US Federal Reserve, the central bank of the United States, kept the interest rates between 0.25 percent and 0.5 percent, due to the state of uncertainty that seized
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The World Bank lowered its forecast for the global economy this year

The World Bank cut its forecast for world economic growth of 2.4 percent this year, down from what was predicted in January, that the global growth will be 2.9
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European Central Bank keeps interest rates unchanged, excluding Greece’s debts

The European Central Bank decided to keep interest rates unchanged at their low levels. However, before the meeting, it was reported that the bank could allow Greek banks to
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Group of Seven vows to avoid currency depreciation

G7 summit Japan, Group of Seven formal meeting, was held on Thursday May 26, and the seven leaders of the world had meeting in Ise-Shima, Japan. Canada, France, Britain,
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Gold falls to its lowest level in three weeks after US rate hike expectations

Gold fell more than one percent to its lowest level in three weeks during trading on Thursday, extending a slide which began the previous day, after the MPC Meeting
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British new measures “to combat money laundering.”

The British government announced that it will oblige foreign companies on its territory to declare owned real estate in an attempt to counter money-laundering operations. The companies have to
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Dollar firms ahead of U.S. jobs report

The dollar firmed against the euro and yen on Friday ahead of the April U.S. non-farm payrolls due later in the day that could support the US dollar. The
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US Federal Reserve keeps interest rates unchanged

The Fed kept US interest rates between 0.25 and 0.5 percent, as it was since December. The bank said that even though the conditions have improved, the central bank
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European markets end lower after Draghi comments

European stocks fell slightly after the European Central Bank kept interest rates unchanged, and the Swedish Ericsson for telecoms equipment and French Pernod Ricard distillery shares, decline after disappointing
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US NFP, Unemployment Rate and Average Hourly Earnings data

US NFP, Unemployment Rate and Average Hourly Earnings data will be released later this afternoon (3:30pm GMT +2) Non-Farm Employment: Prior: 215K Expected: 217K Low: 170K High: 265K Unemployment
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9 Forex Mistakes

As a trader, you will make mistakes, but you must make sure you learn from them. Therefore you should highlight and identify your trading mistakes, admit and accept that
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9 Forex Trading Tips

Forex Trading Tips Every Investor entering this exciting market should read these 9 Tips in order to be successful. For a beginner keep in mind that the market is
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3 main economic data: UK employment, U.S. retail sales and Euro-zone GDP.

The market this week is decidedly quieter compared to last week. We only have 3 main economic data: UK employment, U.S. retail sales and Euro-zone GDP. Euro Extends Gains
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The Rise in July Employment will push the Rise in Interest Rates

The economy showed promising improvements due to the rise in the number of US Jobs during the month of July. Although the speed of hiring was faster last year,
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US Fed’s FOMC monetary policy meeting 29 July 2015

US Fed’s FOMC monetary policy meeting 29 July 2015 Fed Funds rate in 0.0% – 0.25% range still the same Votes remained unchanged 10-0 Target over medium term inflation might
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Updates

Statement by Reserve Bank Governor Graeme Wheeler: The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points from 3.25% to 3.0 percent. Recent developments in
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Yesterday’s Recap

Yesterday’s Recap Yellen on interest rates Yellen says we will not raise rates if it means rolling the economy into recession. It would be appropriate to begin raising rates
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FOMC meeting

FOMC meeting indicate that the Fed thinks it is on path to raise rates this year, but it is worried about Greece. Keep in mind that these Minutes are
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Greece awaits ECB decision on emergency aid

Yesterday, Greece missed a deadline to make a €1.5bn payment to the International Monetary Fund. Greece asked for a two-year bailout extension from the ESM. Eurogroup members held a
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Will GREECE make it to safety this Weekend

German Chancellor Angela Merkel and her fellow European Union leaders raised Greeks hope and told their finance ministers to unblock Greece talks. Merkel told Brussels reporters in the early
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