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Boeing Could 'Temporarily' Halt MAX Production if Grounding Extended

Boeing could further scale back output on the 737 MAX or even "temporarily" halt production if the grounding is extended much beyond current expectations, the company's chief executive said Wednesday.

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Sterling Rises before Johnson Takes Office; European Markets Sag

The British pound rose Wednesday before arch-Brexiteer Boris Johnson's took over as prime minister, while European stocks mostly fell on the weak mining sector.

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British Pound Recovers on Boris Johnson Victory

The pound erased its morning losses Tuesday after arch-Brexiteer Boris Johnson won the race to become Britain's next prime minister.

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Madrid Court Rules Deliveroo Riders are Employees

A court has ruled food delivery group Deliveroo wrongly hired over 500 riders in Madrid as self-employed contractors, avoiding paying 1.2 million euros to Spain's social security system, it said Tuesday.

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Eurozone Banks Tightening Credit Taps, Says ECB

Eurozone banks are tightening the criteria firms and households must meet to be granted loans, the European Central Bank said Tuesday, as policymakers weigh their response to stuttering growth.

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Asian Markets Rise as Earnings, Trade Hopes Provide Cheer

Asian markets rose Tuesday, tracking gains on Wall Street with confidence given a boost by a positive earnings season and speculation top US and Chinese negotiators will hold face-to-face trade talks soon.

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Libya Resumes Oil Output at Largest Field after 'Sabotage'

Libya announced the resumption of production Monday at its largest oil field and the loading of crude at a shipping terminal, following a three-day suspension due to "sabotage" of a pipeline.

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Trump Demands Rate Cut, Seizing on Fed Official's Own Words

U.S. President Donald Trump on Monday used a Federal Reserve official's own words to amplify his continual demands for lower interest rates.

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Oil Spikes on Iran Tensions, Libya Woes

Oil prices jumped Monday after Iran seized a British tanker in the Gulf, fuelling fresh concerns about supplies and a possible conflict in the crude-rich Middle East.

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Asian Markets Sink as Traders Consider Fed Rate Cut

Asian markets were in retreat Monday on dimming hopes for a deep interest rate cut by the Federal Reserve, but all the firms on a new tech-focused board in China rallied on its opening day.

Oil prices extended last week's gains after Iran seized a British tanker in the Gulf, fuelling fresh concerns about supplies and a possible conflict in the tinderbox Middle East.

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