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Caspian Sea Nations Sign Landmark Deal

The leaders of the five states bordering the resource-rich Caspian Sea signed a landmark deal Sunday on the legal status of the inland sea which boasts a wealth of oil and gas reserves and sturgeon.

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Fitch Upgrades Greece's Debt Rating to 'BB-' on European Debt Deal

Credit ratings agency Fitch on Friday upgraded Greece's sovereign debt one notch to 'BB-' from 'B' due to the recent deal with Europe to provide "substantial" debt relief.

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US, Mexico NAFTA Negotiators to Resume Talks Next Week

US and Mexican negotiators will resume talks next week on the update of the North American Free Trade Agreement, Mexico's Economy Minister Ildefonso Guajardo said Friday.

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Turkey's Lira Crisis: How Bad Can it Get?

Turks have over the last half decade counted the rapid depreciation of the Turkish lira on the screens outside doviz (exchange) booths with a mixture of bewilderment, alarm and ironic amusement.

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World Markets Fear Turkey Contagion

A plunge of the Turkish lira to record lows sent shivers through global markets Friday as investors started to worry about contagion, especially for the European banking sector.

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Turkey Lira Crashes as Trump Piles on Pressure

The embattled Turkish lira tumbled almost 20 percent to new record lows against the dollar on Friday as strains with the United States intensified, but President Recep Tayyip Erdogan defiantly proclaimed Turkey would emerge victorious in an "economic war."

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IEA Warns Easing Oil Supply Concerns May Only Be Temporary

Concerns about oil supplies have eased as major producers have stepped up output, but the respite may be only temporary as tough new US sanctions on Iran approach, the IEA warned on Friday.

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UK Economy Gathers Speed, Outpaces Eurozone

Britain's economy picked up speed to outpace the eurozone in the second quarter despite mounting concerns over Brexit, official data showed Friday, helped partly by sunny weather and the World Cup football tournament.

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Turkey Lira Loses 5% against Dollar, Hits Record Low

Turkey's embattled lira on Friday hit new record lows against the US dollar, losing some five percent in value as strains with the United States showed no sign of easing and fears grew over the exposure of European banks.

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S. Korea Firms Caught Importing Coal, Iron from North, Says Seoul

Three South Korean firms were caught importing coal and iron from the North last year, Seoul's customs office said Friday, in an apparent violation of UN sanctions imposed in August 2017 on the nuclear-armed state.

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