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China Denies Setting Target to Cut U.S. Trade Surplus

China said Thursday it has not set a target to cut its trade surplus with the US but will seek to increase imports after the two sides stepped back from a potential trade war.

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Deutsche Bank to Slash over 7,000 Jobs in Major Shake-Up

Germany's largest lender Deutsche Bank said Thursday it will cut over 7,000 jobs and dramatically scale back its investment banking activities as it tries to turn the corner on years of losses.

"The number of full-time equivalent positions is expected to fall from just over 97,000 currently to well below 90,000. The associated personnel reductions are underway," a statement said.

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UK Annual Inflation Dips to Lowest in 13 Months

Britain's annual inflation rate eased in April to 2.4 percent, the lowest level since March 2017, official data showed Wednesday, weighing on the pound.

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Turkey Lira ts new lows as eyes turn to central bank

Turkey's embattled lira on Wednesday hit new historic lows against the US dollar after suffering a hammering in Asian trade, as markets watched to see if the central bank takes emergency action to buttress the currency.

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Asia Markets Dive as Trump Sparks N.Korea, Trade Worries

Asian and European markets tumbled Wednesday after Donald Trump cast doubt on a planned summit with North Korean leader Kim Jong Un and appeared to hit out at a deal with China that averted a damaging trade war.

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EU Fears Offer to U.S. Not Enough to End Trade Row

The EU's own top trade official warned Tuesday that the bloc's last-ditch bid to persuade U.S. President Donald Trump to back off stiff tariffs on metals imports from Europe fell short of expectations in Washington.

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UK Retailer M&S Says to Shut More than 100 Stores

British food-to-clothing retailer Marks and Spencer will shut more than 100 "underperforming" UK stores in an ongoing restructuring, it said Tuesday.

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European Equities Extend Gains as Trade War Fears Ease

European stocks rose Tuesday, with London hitting a record peak on upbeat global sentiment and easing Italian political worries, dealers said.

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China to Cut Auto Tariffs on July 1 as Trade Tensions Ease

China announced Tuesday that it would cut tariffs on auto imports from July 1, the latest sign of a thaw in trade frictions with the United States.

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Nigeria Economy Grows with Bump in Oil Production

Nigeria's economy grew slower than expected in the first quarter, official statistics showed Monday, with an expansion in oil production offset by a sputtering non-oil sector. 

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