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Weary Greeks Brace for More Economic Pain after Tsipras Victory

Weary Greece braced for more painful austerity Monday as left-wing prime minister-elect Alexis Tsipras worked on forming a coalition to drive through unpopular reforms agreed with the nation's international creditors.

Tsipras was expected to accept his mandate at 1500 GMT Monday after meeting with the head of the Independent Greeks (ANEL), the nationalist party returning to the government after serving in the previous coalition with his Syriza party.

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France Opens Tehran Business Office in Bid to Rebuild Trade

France opened a business development office in Tehran on Monday seeking to renew once-strong economic ties with Iran after the July 14 nuclear deal in the face of "fierce competition".

French Agriculture Minister Stephane Le Foll and Minister of State for Foreign Trade Matthias Fekl inaugurated the "Business France" office on a visit with some 150 business leaders that is to run until Wednesday.

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Iran Plans Airbus, Boeing Purchases under Finance Deals

Iran plans to buy Airbus and Boeing passenger planes through long-term payment agreements once a nuclear accord with world powers is implemented, the transport minister said.

Iran desperately wants to upgrade its ageing fleet, which has been hamstrung by nuclear-related and other sanctions, making even spare parts precariously difficult to source.

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Banking Secrecy in Lebanon...Shhhh!

Banking secrecy is a hefty subject. Without going into all the minute details, all that you really need to know for now is: 1) what it is, 2) how it affects you, and 3) how Lebanon applies it.

 1) What it is.

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Asian Traders Retreat after Wall St Losses on Fed Decision

The early confidence produced by the Federal Reserve's decision to hold interest rates last week turned to fear on Monday as traders took the bank's dovish outlook as a sign of weakness in the global economy.

Most high-yielding -- or riskier -- currencies, which enjoyed healthy rallies last week, retreated as investors moved back into safer assets such as the yen.

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Oil up in Asia, but Oversupply, Weak Demand Weigh

Oil prices rebounded in Asia Monday but analysts said they remain weighed by a crude oversupply and fresh worries about the world economy after the Federal Reserve decided last week against raising interest rates.

U.S. benchmark West Texas Intermediate for October, which expires on Tuesday, rose 52 cents to $45.20 and Brent crude for November was up 51 cents at $47.98 a barrel in afternoon trade.

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CEO Search Delay Underscores Woes at Twitter

In the fast-moving world of Silicon Valley, Twitter's search for a new chief executive is moving at a snail's pace, raising concerns about deeper woes at the social media platform.

The San Francisco messaging platform has been searching for a new leader since Dick Costolo announced on June 12 he was stepping down, with co-founder Jack Dorsey holding the job on an interim basis since July 1.

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Spain's Economic Recovery Masks Lingering Jobs Crisis

Data shows Spain's economy recovering, but tell that to Javier Pichel: this summer he packed and left for the only place he could find a decent job -- Germany.

Millions of Spaniards are scraping by on benefits, family handouts or working cash-in-hand as they wait for the apparent economic rebound to create the hundreds of thousands of jobs the government is promising.

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Back on Track? Nigeria's Oil Refineries Resume Production

Bright orange flames flare upwards from a pencil-thin chimney at the Port Harcourt Refining Company, sending thick black smoke into the white clouds above Nigeria's southern oil hub.

On the ground, workers in boiler suits and hard hats inspect the tanks, valves and gauges around the metal pipes that stretch up, down and across the facility.

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China: Over 20 Countries on 'Waiting List' to Join AIIB

More than 20 countries are waiting to join the China-initiated Asian Infrastructure Investment Bank (AIIB), its designated president said Saturday as he allayed concerns it was aimed to challenge U.S. and Japanese influence in the region.

The number could bring the AIIB on a par with or even surpass membership in the Japan-led Asian Development Bank (ADB), which currently has 67 members, 19 of them outside of the Asia Pacific, according to its website.

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