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Moody's Raises Greece's Sovereign Bond Rating after Bailout

Credit ratings agency Moody's on Friday raised Greece's long-term issuer rating to "Caa2" from "Caa3" after eurozone governments extended a credit lifeline to the country.

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Macron Takes Eastern EU Flak for 'Offensive' Labor Plan

President Emmanuel Macron met resistance on Friday from eastern European leaders over his plans to protect France from cheap labor as one berated his sometimes "offensive" stance.

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UK Nuclear Plant to Cost Consumers 'Billions More'

A highly-controversial UK government deal for the new Hinkley Point nuclear power plant will cost British energy consumers billions more pounds than forecast, the country's National Audit Office said Friday.

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Major US Banks Would Withstand Recession, US Fed

The largest US banks would withstand a severe recession and still be able to lend to American households and businesses, the Federal Reserve announced Thursday.

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Kuwait: OPEC, Non-OPEC Have Exceeded Targeted Oil Output Cuts

Kuwait's oil minister said Thursday that OPEC and independent producers have exceeded their targeted oil output cuts, but without stemming a decline in commodity prices.

"The commitments to production cuts in May reached 106 percent, the highest percentage since the start of output reductions in January," said Essam al-Marzouk, who heads a joint ministerial committee overseeing adherence to the cuts.

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Iranian Carriers Agree to Buy Airbus Planes

Iranian carriers Iran Airtour and Zagros Airlines have agreed to buy a combined 73 planes from Airbus, the European aircraft maker said on Thursday at the Paris Air Show.

Following the end of international sanctions over Tehran's nuclear programme, Iranian airlines are back in the market, seeking to upgrade their ageing fleets and expand their networks.

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Most Asia Markets Rebound But Oil Dive Drags on Energy Stocks

Asian markets mostly rebounded Thursday from the previous day's sell-off but energy firms struggled to recover after another plunge in oil prices as glut fears return.

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Iran Begins Sending Gas to Iraq Under Major Deal

Iran has begun exporting gas through a pipeline to Baghdad under a deal set to make Iraq the Islamic republic's top customer, the oil ministry said.

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EU Seeks Crackdown on Aggressive Tax Planners

European tax planners who help rich clients, including sports stars, evade the tax man will risk hefty fines, according to EU plans unveiled on Wednesday.

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Oil, Sanctions Push Russian Ruble to 4-Month Low

The ruble on Wednesday dropped to a level not seen since February, weakened by faltering oil prices and fresh sanctions against Moscow.

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