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New Protests Hit France's Farm Show

French farmers dumped flour over the stand of a leading meat producer at the country's annual farm show Sunday, a day after they heckled President Francois Hollande as he arrived at the event.

The farmers' anger has boiled over after months of protests over a crisis in the agricultural sector sparked by collapsing beef, pork and milk sales and augmented by a price war with wholesalers.

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Global Finance Officials Promise to Shore up Sagging Growth

Finance officials of the world's biggest economies promised Saturday to use "all tools" to shore up sagging global growth and to avoid devaluing their currencies to boost exports, but made no pledges of joint action.

Finance ministers and central bankers of the Group of 20 rich and developing countries tried to reassure jittery financial markets that the global economy is healthy, though they acknowledged in a statement that they "need to do more" to boost growth.

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China Tries Charm to Reassure over Slowing Growth

China's normally reclusive central bank chief Zhou Xiaochuan is an unusually prominent presence at the G20 finance ministers meeting in Shanghai, racing from seminar to news conference to spread positive messages about the world's second-largest economy.

After months of silence, the governor of the People's Bank of China (PBoC) wants investors to know that the yuan currency -- also known as the renminbi (RMB) -- will be stable despite the slowest growth in a quarter of a century.

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Crisis-Hit French Farmers Heckle Hollande as he Opens Farm Expo

President Francois Hollande was heckled Saturday as France's annual agricultural fair kicked off against the backdrop of the "worst crisis ever" facing the country's farmers.

Livestock farmers booed and whistled as Hollande and Agriculture Minister Stephane Le Foll made their way through the vast hall in southern Paris, walking past a large banner reading: "I am the best in my profession but my passion is no longer enough."

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World Shares Rally as G20 Chiefs Thrash Out Growth Remedies

Global stock markets rallied Friday helped by firmer oil prices and brighter-than-expected U.S. growth data, as finance and banking chiefs from the world's leading economies began talks.

European bourses followed a strong showing by Asia's main indices as G20 finance ministers and central bankers gathered in Shanghai to thrash out remedies to kickstart growth.

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China Central Bank Chief Seeks to Reassure on Yuan, Growth

There is no reason for China's yuan currency to keep falling and Beijing has more room to boost the world's second-largest economy, the governor of its central bank said Friday as he sought to reassure markets.

The comments by Zhou Xiaochuan, head of the People's Bank of China (PBoC), in Shanghai came ahead of a meeting of finance ministers from the world's top 20 economies in the city, China's commercial hub.

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First U.S. Liquefied Natural Gas Export Leaves Louisiana

The shale fracking revolution in the U.S. oil and gas industry has achieved a milestone: the first export of liquefied natural gas from the country outside of Alaska.

The tanker Asia Vision was loaded with a cargo of LNG by Texas firm Cheniere Energy at the Sabine Pass terminal in Louisiana late Wednesday and immediately left for Brazil.

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OECD Calls for Reforms to Wake up Growth

With little hope for the world economy picking up pace soon, governments must tackle reforms at home to kickstart growth, the OECD said on Friday.

Promoting entrepreneurship, labour mobility and higher productivity were all on the menu of the Organisation for Economic Cooperation and Development's (OECD) recommendations to policymakers.

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Business Leader Says Brexit Could Mean 10 Years' Economic Uncertainty

Britain could face a decade of economic uncertainty if it leaves the European Union, a senior business leader has warned ahead of a membership referendum on June 23.

Simon Walker, director general of the Institute of Directors (IoD), said that Britain could experience years of job losses, higher prices and slower economic growth if it voted to leave.

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Russia Fears More Airlines to Go Bust on Plunging Demand

Russia sounded the alarm bells on Thursday over growing risks in its airline industry, saying more carriers could go bankrupt.

Last October, Russia's second-biggest carrier Transaero stopped flying due to financial problems.

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