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China Hints May not Retaliate for Latest US Tariff Hike

Beijing hinted Thursday it may break the cycle of retaliation in the trade war with the United States, as the punishing tariff battle threatens global economic growth.

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Asian Markets in Retreat on Trade Uncertainty

Asian markets sank again on Thursday as investors grow increasingly pessimistic about the outlook for China-US trade talks, while a closely watched recession indicator hit a level not seen since just before the financial crisis.

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Pound Dives on Increased No-Deal Brexit Prospect

The pound slumped more than one percent versus the dollar and euro Wednesday as Britain's government moved to extend the suspension of parliament, increasing the likelihood of a no-deal Brexit.

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Iceland Cuts Rates Again in Race to Beat Recession

Iceland's central bank on Wednesday lowered its key interest rate for the third time this year as it battles with recession after a decade of solid growth.

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Brussels Probes Google Job Search Tool

The European Commission said Wednesday it had begun a preliminary investigation into Google's job search tool on competition grounds, having identified a conflict of interest.

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Asian Investors Tread Uneasily as Trade Hopes Dim

Asian markets swung Wednesday, gripped by uncertainty over the China-US trade talks, with warnings that Donald Trump's unpredictability could be harming the chances of an eventual agreement.

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Visionary and Autocrat: 'Mr Volkswagen' Piech Dead at 82

Former Volkswagen boss Ferdinand Piech, who has died at 82, was the autocratic heir of a storied motoring dynasty who drove VW from the brink of bankruptcy to become a global empire.

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Global Markets Mixed on Uncertainty about US-China Trade War

Global shares were mixed Tuesday as investors seemed slightly more hopeful again about the potential for progress in the costly trade war between the U.S. and China.

Wall Street was set to open with modest gains after gains on Monday, which was prompted by President Donald Trump's claim that his negotiators had received encouraging calls from China on Sunday. China's foreign ministry denied knowledge of any such calls.

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Trade Hope Helps Asian Markets Bounce Back from Sell-Off

Asian markets mostly rose Tuesday, recovering from the previous day's pounding after Donald Trump said China-US trade talks would resume soon, though the president's sharp changes in tone are keeping investors on edge.

Regional equities tanked and the yuan plunged Monday in response to news at the weekend that Washington would hike tariffs on more than half-a-trillion dollars of Chinese imports after Beijing unveiled levies on tens of billions of dollars of US goods.

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India Central Bank Unveils $24 bn Windfall for Government

India's central bank has announced a $24-billion windfall for the cash-strapped government, giving a much-needed boost to Prime Minister Narendra Modi as he seeks to kickstart growth in Asia's third-biggest economy.

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