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Asian Countries Denounce 'Real Threat' of Global Trade War

Asian countries have voiced concern about the potentially devastating impact of a U.S.-China trade war, with ministers calling for the acceleration of talks for a gigantic Beijing-backed free-trade deal that excludes the United States.

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Saudi Arabia Resumes Oil Exports through Key Waterway

Saudi Arabia said Saturday that it was resuming oil shipments through the Bab al-Mandab Strait, ending a 10-day suspension triggered by rebel attacks off the coast of Yemen.   

The decision came after measures by a Saudi-led military coalition to "ensure the security of navigation in this strait and in the Red Sea", said Saudi Arabia's Energy Minister Khaled al-Falih, quoted by the official Saudi Press Agency. 

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Iran Volatile on Eve of US Sanctions

Iranians are hunkering down for the return of US sanctions on Monday with a run on gold and hard currency as they scramble to protect their savings, and sporadic protests over the already troubled economy.

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Turkey Inflation Surges to Nearly 16% in July

Inflation in Turkey rose again in July to nearly 16 percent, official statistics showed on Friday, increasing pressure on the central bank to hike interest rates.

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Imran and the IMF: Pakistan's Bailout Dilemma

Once Pakistan's election winner Imran Khan forms a government, there will be little time to bask in his triumph: the country's next prime minister will inherit a critical economic situation, and analysts say he must act fast.

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RBS Profits almost Wiped Out on US Fine

Profits at Britain's Royal Bank of Scotland almost evaporated in the second quarter after a vast US fine over its role in the notorious subprime crisis, the lender said Friday.

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UK Bank Barclays Back in Black in First Half

British bank Barclays said Thursday that it returned to net profit in the first half of 2018, after logging a loss last time on the sale of its Africa division.

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Britain on Verge of Interest Rate Hike

The Bank of England appears set Thursday to hike interest rates to combat high inflation, as it eyes fallout from both Brexit and the global trade war, economists say.

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European Stocks Slide as U.S.-China Trade Tensions Simmer

European stock markets sank Wednesday after U.S. President Donald Trump reportedly raised the stakes in a global trade war with China, dealers said.

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U.S. Stocks Boosted by Apple Results, Jobs Data

Wall Street stocks rose early Wednesday on strong Apple earnings and another good set of U.S. hiring data.

About 55 minutes into trading, the Dow Jones Industrial Average was at 25,463.48, up 0.2 percent.

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