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ECB Warns Latvian Bank May Fail amid Laundering Claims

The European Central Bank warned Saturday that Latvia's third-largest lender ABLV was at risk of failing, after freezing payments following money laundering allegations from Washington. 

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Mexico to Host 'Difficult' New Round of NAFTA Talks

Negotiators from the United States, Mexico and Canada open a new round of talks Sunday on overhauling the North American Free Trade Agreement, with the Mexican hosts already warning of turbulence.

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British Airways Owner Announces Slight Profit Rise

IAG, which owns British Airways and Spanish carrier Iberia, said Friday that full-year net profit gained only slightly, as restructuring costs offset benefits from the demise of smaller rivals.

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Asian Markets Finish Week on a High

Asian markets ended the week on a positive note following the lead from Wall Street, with energy firms lifted by a rally in oil prices.

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India-Bound Gas Pipeline Breaks Ground on Afghan Section

Turkmenistan, Afghanistan, Pakistan and India on Friday ceremonially broke ground on the Afghan section of an ambitious, multi-billion dollar gas pipeline expected to help ease energy deficits in South Asia.

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Australia's Biggest Bank Rejects Fresh Laundering Claims

Australia's largest bank the Commonwealth on Friday denied a slew of new claims by the country's financial intelligence agency that it breached anti-money laundering laws, and rejected a major class action over the allegations.

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French Supermarket behind Nutella Frenzy was Selling 'at a Loss'

French fraud authorities on Thursday accused supermarket chain Intermarche of illegally selling Nutella below cost, after heavy discounts sparked a shopping frenzy that made international headlines.

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UK Economy Grows Less than Expected on Brexit Unease

Britain's economy expanded last year less than first thought, official data revealed on Thursday, adding to concerns that Brexit uncertainty was impacting growth.

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Saudi to Spend Billions on Western-Syle Entertainment

Saudi Arabia announced plans Thursday to spend billions on building new venues and flying in Western acts, in a total overhaul of its entertainment sector that would been unthinkable not long ago.

Long known for its ultra-conservative mores, the kingdom has embarked on a wide-ranging programme of social and economic reforms driven by Crown Prince Mohammed bin Salman. 

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Asian Markets Sink as Fed Minutes Spark Fresh Volatility Fears

Most Asian markets sank on Thursday, fuelling fears of fresh volatility after Federal Reserve minutes fanned expectations US interest rates would rise further.

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