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S&P Boosts Indonesia's Credit Rating after Widodo Re-election

Ratings agency S&P lifted Indonesia's credit rating Friday, citing strong prospects for Southeast Asia's biggest economy after the re-election of president Joko Widodo.

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China Slams US 'Lies' as Tariff Hike Looms

China on Friday accused the United States of repeatedly lying about the effects of the trade war on its economy as Beijing prepares to hike tariffs on American goods ranging from wine to pianos and condoms.

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Trump Says China Suffering from Trade Conflict

U.S. President Donald Trump repeated his claim on Thursday that China is suffering most in the trade conflict with the United States, saying the punitive tariffs are having a "devastating effect."

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Brazil Economy Shrinks 0.2 Percent in First Quarter

Brazil's economy shrank in the first quarter of the year, official data showed Thursday, taking Latin America's biggest country to the brink of recession for the first time in two years. 

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U.S. Economic Growth Revised Down to 3.1% in Q1

U.S. economic growth at the start of 2019 was slightly slower than originally reported but remained robust despite President Donald Trump's extended government shutdown, according to new data released Thursday.

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Indian Celebrity Jeweller Appears in UK Court

Nirav Modi, India's fugitive jeweller to the stars, appeared at a London court on Thursday as his extradition battle focused on which prison India would send him to.

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Asian Markets Slump over Slowdown Fears

Asian markets largely fell Thursday as Beijing ratcheted up its rhetoric against Washington, fanning investor anxiety over the US-China trade war and a potential global economic slowdown.

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China Steps Up Threat to Deprive U.S. of Rare Earths

Chinese state media on Wednesday dangled the threat of cutting exports of rare earths to the United States as a counter-strike in the trade war, potentially depriving Washington of a key resource used to make everything from smartphones to military hardware.

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German Unemployment Rate Rises for First Time since 2013

Germany's unemployment figures rose in May for the first time in more than five years, official data showed Wednesday, amid signs of slowing growth in Europe's biggest economy.

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China Warns U.S. Not to Politicize Exchange Rates

China warned the United States on Wednesday not to "politicise" the exchange rate of its currency amid a festering trade war between the two economic giants.

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