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Oil Prices Rise ahead of Brexit Vote

Oil prices rose in Asia on Thursday, hours ahead of a high-stakes British vote on whether to remain in the European Union.

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IMF Warns U.S. over High Poverty, Inequality

The International Monetary Fund warned the United States Wednesday over poverty and rising inequality in the country, saying both could hold back its economic potential.

The IMF cut its outlook for US economic growth this year to 2.2 percent, compared to 2.4 percent forecast at the beginning of the year. It cited the impact of slower global growth overall, the contraction in the energy industry due to low oil prices, and a slowdown in domestic consumer spending.

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World Stocks Firm on Eve of British Referendum

Global stocks largely rose Wednesday and the pound clawed higher on the eve of Britain's closely fought referendum as traders eye the country voting to remain in the European Union.

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ECB Launches New Round of Ultra-cheap Loans for Banks

The European Central Bank on Wednesday launched a new round of ultra-cheap loans for banks in a fresh move to kick-start sluggish credit in the single currency area.

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Over 1,200 Business Titans Raise Brexit Alarm on Eve of Vote

More than 1,200 business titans united Wednesday to warn against Britain breaking with the EU, as rivals battled for the last votes on the eve of a tightly fought referendum that will shape Europe's future.

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New Airline Ready for Takeoff as Cyprus Tourism Soars

As Cyprus emerges from a deep financial crisis, a new low-cost airline will launch next month to tap into the Mediterranean island's resurgent tourism market.

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Mobile Money to Power Africa Financial Growth

Mobile phones and rising connectivity in Africa will give rise to a new market in mobile financial services, creating explosive opportunities for business on the continent, research has found.

The Boston Consulting Group (BCG) estimated that in three years, 250 million Africans without access to traditional banking services "will have mobile phones and a monthly income of at least $500".

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Oil Edges up on Weaker Dollar as Britain EU Vote Looms

Oil climbed in Asia Wednesday after Federal Reserve boss Janet Yellen's cautious remarks on the US economy weakened the dollar and traders nervously await Britain's vote on its future in the European Union.

Traders are also waiting for the release later in the day of official US stockpiles data, hoping for an idea about demand in the world's top oil consumer, after an industry group said supplies had tumbled last week.

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British PM Issues Brexit Warning in Knife-Edge Race

Prime Minister David Cameron pleaded with Britons Tuesday to think of their children and their economic well-being before voting to quit the EU, as polls showed a razor-tight race with less than 48 hours before the referendum.

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Ukraine Says it Expects No Fresh IMF Funds this Year

Ukraine said on Tuesday it was not hoping for fresh money from the International Monetary Fund this year, but said a payment delayed from 2015 should still come its way.

The announcement by Ukrainian Prime Minister Volodymyr Groysman signals the Fund's lingering reservations about the corruption and legislative problems besetting the cash-strapped former Soviet state.

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