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Saudi Aramco in $12.4 bn Oil Pipeline Deal with EIG-led Group

Energy giant Saudi Aramco said it has struck a 12.4-billion-dollar deal to sell a minority stake in a newly formed oil pipeline business to a consortium led by US-based EIG Global Energy Partners.

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Asian Markets Mostly Down but Optimism Remains

Most Asian markets retreated Friday as traders took their foot off the pedal ahead of a much-anticipated earnings season, while an increasingly confident mood on trading floors has analysts predicting the global equities rally still has legs.

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ABL Hits Back at Aoun, Says Banks Not behind Wrong Policies

The Association of Banks in Lebanon on Thursday denounced what it called a “campaign against the banking sector” by “most politicians,” a day after President Michel Aoun criticized the country’s banks.

“Most politicians resort to this campaign when the crisis toughens” in a bid to conceal “the reasons behind what happened and is still happening to the country,” ABL said in a statement.

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Lebanon's Dollar Crisis Dims Future of Students Abroad

Lebanese medical student Mohammad Sleiman traveled to Belarus to become the first doctor in his family, but he now fears his country's economic crisis is going to get him expelled.

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Dutch Cargo Ship Adrift Off Norway, Crew Airlifted

A Dutch cargo ship was adrift in the Norwegian Sea on Tuesday after all of its crew members were airlifted, with some having to jump into the rough waters to be rescued.

The "Eemslift Hendrika", which was carrying several smaller ships from Bremerhaven in Germany to Kolvereid in Norway, made a distress call Monday, reporting a heavy list after stormy weather displaced some of its cargo.

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Credit Suisse Takes $4.7 bn Hedge Fund Hit

Credit Suisse said Tuesday that it had taken a $4.7 billion hit from its links to troubled hedge fund Archegos Capital Management, cut dividends and announced the departure of two senior executives.

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U.S. Stocks Jump amid Signs of Vaccine Economic Bounce

Wall Street stocks jumped early Monday on optimism about the US economic recovery as the employment outlook improves amid an accelerating vaccination campaign.

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Top U.S. Court Sides with Google, Overturns Oracle Copyright Win

The U.S. Supreme Court on Monday gave Google a major win in a long-running copyright battle with Oracle, ruling that the use of the Java programming language for the Android mobile operating system was "fair use."

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U.S. Services Activity Hits All-Time High in March

Activity in the U.S. services sector hit an all-time high in March as more corners of the economy saw a sudden uptick after months of coronavirus restrictions, a report said Monday.

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LG to Close Down Smartphone Business

LG Electronics, South Korea's second-largest appliance firm after Samsung, is closing down its mobile phone business, the company said Monday, after the division lost billions in recent years.

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