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Boeing Clings to Lead over Airbus in Long-Haul Jets

Boeing is fighting tough efforts by rival Airbus to score big gains in the market for long-haul jets, a segment of the massive aircraft market that the U.S. giant has dominated. 

Neck-and-neck with Boeing in sales of single-aisle, 150-200 passenger jets, Airbus has badly lagged its U.S. archrival in wide-body aircraft with 250-450 seats.

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Japan Stocks Dip, Yen Rises in Asia after Weak U.S. Data

Tokyo shares ended lower Monday while the yen climbed against the dollar following a worse than expected U.S. jobs report seen as making an early U.S. rate rise more unlikely.

Oil prices rose on expectations that any new exports from Iran would not likely come on the market for some time, despite the initial nuclear agreement.

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Strikes Proliferate in China as Working Class Awakens

Timid by nature, Shi Jieying took a risk last month and joined fellow workers in a strike at her handbag factory, one of a surging number of such labor protests across China.

Riot police flooded into the factory compound, broke up the strike and hauled away dozens of workers. Terrified by the violence, Shi was hospitalized with heart trouble, but with a feeble voice from her sickbed expressed a newfound boldness.

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Lagarde: Greece Agrees to Repay IMF Debt by April 9

Greece has agreed to repay its debt to the International Monetary Fund by April 9, IMF chief Christine Lagarde said after a meeting with Greek Finance Minister Yanis Varoufakis. 

There was speculation ahead of the visit that Athens might fail to meet the 460-million-euro ($501-million) IMF installment if forced to choose between the IMF and paying government workers. 

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Oil Prices Rebound in Asia

Oil prices rebounded in Asia Monday on news that a labor strike at a U.S. refinery would end soon, tempering recent losses fueled by an agreement to curb Iran's nuclear program.

U.S. benchmark West Texas Intermediate (WTI) gained 90 cents to $50.04 while Brent rose 69 cents to $55.64 in afternoon trade.

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Sri Lanka to Probe $2.3 bn Airbus Deal

Sri Lanka's new government on Saturday announced a criminal investigation into the $2.3 billion purchase of 10 Airbus aircraft for the island's loss-making national carrier under the former government.

Prime Minister Ranil Wickremesinghe's office said an independent board of inquiry found gross violations of financial regulations and procurement procedures in state-owned Sri Lankan Airlines's deal, and said they warranted criminal prosecutions against former executives.

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Japan Carmaker Suzuki to Build Second Plant in Myanmar

Japanese automaker Suzuki plans to invest tens of millions of dollars to build a second plant in Myanmar, seeking to make quick inroads in the country's growing market, a report said Saturday.

The small-car maker has already secured a roughly 20-hectare (50-acre) plot at the Thilawa special economic zone southeast of Yangon for the new plant, the Nikkei business daily said.

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Greece 'Confident' of Paying IMF on Time

Greece will meet its financial obligations to the IMF and pay workers' salaries and pensions next week, a government source said Friday, easing speculation that Athens could default on its debts with unknowable consequences for global markets.

"Everything that should be paid next week, the IMF (International Monetary Fund), wages, pensions, will be," said the source, speaking on condition of anonymity.

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Cyprus to Lift Last Capital Controls

Cyprus is to scrap its last remaining capital controls from April 6, two years after they were imposed in the heat of its banking crisis, President Nicos Anastasiades announced Friday.

In a televised news conference on the economy, Anastasiades said the last of the draconian measures -- imposed to avoid a run on banks -- would be lifted on Monday.

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Iran Nuclear Deal Opens Opportunities for Western Oil Firms

The Iranian nuclear deal, which heralds a lifting of sanctions choking the country's economy, could offer an unparalleled opportunity for foreign oil companies, but may take time to tap.

Thursday's deal "could represent a first step towards a return of Western oil companies" to Iran, said an analyst.

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