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Asian Markets Pick up US Baton, Resume Rally

Most Asian markets turned higher Wednesday as investors tracked another record on Wall Street and refocused on the global economy after two deadly attacks.

The Berlin Christmas market horror and shooting of Russia's Turkish ambassador fanned concerns that fresh geopolitical woes could upend a rally in world assets triggered by Donald Trump's election as US president.

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Erdogan Opens First Road Tunnel under Istanbul's Bosphorus

President Recep Tayyip Erdogan on Tuesday opened the first ever road tunnel underneath the Bosphorus Strait in Istanbul, the latest project in his plan of transforming Turkey's infrastructure.

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Qatari Banks Hold $44-Billion Merger Talks

Three Qatari banks announced Tuesday that they are in merger talks to create a financial institution with assets of more than $44 billion.

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Greek Vote on Tax Help for Migrant Islands Pushed to Wednesday

A Greek parliament vote on a special tax allowance for Aegean islands struggling to accommodate thousands of migrants has been pushed to Wednesday, the chamber said.

The vote scheduled to be held late on Monday will be held on Wednesday evening after an opposition party called for a show of hands on the bill.

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German Businesses in Year-End Confidence Boost

German businesses rounded off 2016 with a stronger-than-forecast increase in confidence, a closely-followed survey showed Monday, despite fears for the future over Brexit and Donald Trump.

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Etihad Airways Cuts Jobs to Reduce Cost

Etihad Airways has begun cutting jobs in a restructuring process to reduce cost as it faces tough competition and a weakened global economy, the Emirati carrier said on Monday.

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Ukraine Leader Urges Calm after Big Bank Nationalized

Ukrainian President Petro Poroshenko urged people not to panic Monday after his government nationalized the country's largest private bank to try and avoid a financial meltdown.

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Australia Avoids Rating Downgrade after Revised Forecasts

Australia avoided a feared downgrade of its coveted AAA credit rating Monday after sticking to its ambition of returning the budget to surplus in 2020-21 despite softer growth forecasts.

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EU Seeks to Calm Budget Row with Greece

Austerity-wracked Greece could strike a deal with its creditors by early next year, a senior EU official said Sunday, seeking to calm a recent row over surprise handouts announced by Athens.

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Venezuela Delays Removing Currency Bills amid Protests

With protests rocking his unpopular government, embattled President Nicolas Maduro delayed until January 2 taking Venezuela's highest denomination bill out of circulation.

The 100 bolivar bills would temporarily remain legal tender, Maduro said Saturday, but the borders with Colombia and Brazil will remain closed to hit what he claims are "mafias" hoarding Venezuelan cash abroad in a U.S.-backed plot to destabilize the country.

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