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OECD Cuts Global Growth Forecast as US-China Tensions Rise

The OECD on Tuesday cut its forecast for the world economy, urging governments to resolve their trade disputes as the latest flare-up in the China-US trade war threatens to crimp global growth.

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Samsung Shares Rise as Huawei Struggles

Shares in Samsung Electronics climbed nearly three percent Tuesday on the back of its chief rival Huawei's mounting problems, including a decision by Google to sever ties with the Chinese mobile phone maker.

It is the latest in the months-long saga between Huawei and the United States analysts warn could see Chinese semiconductor demand fall, threatening a nascent Asian recovery in the industry.

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Hong Kong Stocks Finish with Fresh Losses

Hong Kong stocks ended in negative territory Tuesday, extending losses fuelled by concerns about the Huawei row and its impact on the China-US trade talks.

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Will He, Won't He? Speculation over Japan's Sales Tax Hike

After months of speculation that Japan's government could postpone an impending sales tax hike to avoid damaging the economy, it appeared set to go ahead with the move thanks to stronger-than-expected growth data released Monday.

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Swine Fever Sending Pork Prices Higher

In a cruel irony in the Chinese Year of the Pig, outbreaks of African Swine Fever are forcing huge culls that could send pork prices to levels never seen before.

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India Shares Hit Record High over Modi Election Victory Forecasts

Indian shares hit a record high Monday after exit polls from the country's marathon election indicated a new term for Hindu nationalist Prime Minister Narendra Modi.

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EU Firms 'Caught in Crossfire' of US-China Trade War

European firms are "caught in the crossfire" of the US-China trade war and fewer are optimistic about their future in the world's second-largest economy, a business survey showed Monday.

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Saudi Oil Sector Secure, Minister Says after Attacks

Saudi Arabia said Sunday that the kingdom's massive oil installations are well protected a few days after a drone attack claimed by Yemeni rebels on a key oil pipeline.

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Saudi Arabia Deposits $250 Million in Sudan's Central Bank

Saudi Arabia announced Sunday it deposited $250 million in Sudan's central bank as part of a support package for the country following the overthrow of longtime leader Omar al-Bashir.

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Is California's High-Speed Rail Plan a Pipe Dream?

Keith Erwin was about to buy the land that his auto repair shop sits on when he was turned down because California's much awaited high-speed rail line was going to pass through the spot. 

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