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Turkey Annual Inflation Hits 24.5% in September

The annual inflation rate in Turkey rose to nearly 25 percent in September, official statistics showed on Wednesday, as the Turkish lira remains weak against the US dollar despite a sharp interest rate hike last month.

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Italy to Bow to Brussels, Cut Deficit Targets

Italy's populist government will bow to pressure from Brussels and reduce its budget deficit targets for 2020 and 2021 in a bid to reassure skittish markets, two Italian dailies reported Wednesday.

After declaring last week it was setting the public deficit at around 2.4 percent of gross domestic product (GDP) for the next three years, Rome now plans to reduce the targeted gap to 2.2 percent in 2020 and 2.0 percent in 2021, the Corriere della Sera and Repubblica dailies said.

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Amid Trade Spat, US-China Military Tensions Soar

The bitter trade dispute between China and the US is increasingly spilling into the military domain, with a risky incident in the South China Sea highlighting the dangers of souring relations.

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EU Vows Laundering Crackdown after Danske Scandal

EU finance ministers on Tuesday vowed to crack down on money laundering in the wake of a $235 billion Danske bank scandal that shone a negative light on supervision standards in Europe.

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Canadian Dairy Farmers Criticize New Trade Pact with U.S.

Canadian dairy farmers have castigated Prime Minister Justin Trudeau's government for yielding to U.S. demands for greater access to Canada's protected milk and cheese market as part of a new continental trade pact, but auto workers were pleased.

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Saudi Gives Yemen $200 Million amid Currency's Slide

Saudi Arabia has given a $200 million cash infusion to Yemen's Central Bank to shore up its reserves after the war-torn country's currency went into freefall over the past few weeks.

The state-run Saudi Press Agency says the "donation" will help "achieve stability of the Yemeni economy and boost the local currency."

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Oil Holds Gains, Eyes on $100 a Barrel, but Asia Markets Down

Oil prices held around four-year highs Tuesday after another blistering rally, supporting energy firms, but most markets were in retreat as traders brushed off a positive lead from Wall Street and the US-Mexico-Canada trade deal.

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Trump Says Trade Tensions Ended with Trudeau, Calls Him 'Good Man'

U.S. President Donald Trump on Monday said tensions with Canadian Prime Minister Justin Trudeau were over after announcing a new trade deal with Mexico and Canada to replace the quarter-century-old NAFTA accord.

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Trump Says New N. America Deal Most Important Trade Pact Ever

President Donald Trump on Monday hailed the 11th-hour trade deal struck between the United States, Mexico and Canada to replace the quarter-century old NAFTA accord, calling it the biggest in U.S. history.

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Trudeau Says Continental Trade Deal 'Profoundly Beneficial' for Canadians

Prime Minister Justin Trudeau on Monday hailed a continental trade deal reached with the United States, along with Mexico, as "profoundly beneficial" to Canadians.

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