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Trump Says He Wants 'a Large Cut' from U.S. Federal Reserve

U.S. President Donald Trump on Tuesday called on the Federal Reserve to cut the benchmark interest rate significantly, moments before the central bank was due to open its two-day policy meeting.

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Top German Court OKs EU 'Banking Union'

Germany's constitutional court on Tuesday ruled that the European Union's so-called banking union with shared supervision and liquidation structures for major lenders was in line with national and EU law.

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China-US Trade Talks to Restart after G20 Tariff Truce

US and Chinese negotiators meet in Shanghai on Tuesday to resurrect trade talks between the world's two biggest economies, with both sides downplaying expectations of an imminent deal.

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Ride-Hailing Giant Grab to Invest $2 Billion in Indonesia with SoftBank Funds

Ride-hailing giant Grab is investing $2 billion in Indonesia over the next five years, using funds from Japan's SoftBank Group to boost its presence in Southeast Asia's biggest economy, the firms said Monday.

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China Slams U.S. 'Arrogance' on WTO Status

China Monday said the U.S. threat to pull recognition of China's "developing nation" status at the World Trade Organisation showed its "arrogance and selfishness," ahead of crucial trade talks this week.

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London Stocks Soar on Takeover News; Pound Sinks on Brexit Woes

London stocks rallied Monday on corporate takeover news, while the pound sank to a two-year dollar low on festering Brexit concerns, dealers said.

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Pfizer to Combine Off-Patent Drug Business with Mylan

Pfizer announced Monday it will combine its off-patent drug business with the generic drugmaker Mylan to create a global leader in low-cost treatment, as drugmakers face intense political pressure to drive down prices in the United States.

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Saudi Chemical Giant Profits Nosedive over Low Prices

Saudi petrochemicals giant SABIC said on Sunday its net profits for the second quarter and first half of this year dived due to a sharp decline in product prices.

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Breeders Fear EU-Mercosur Pact Will Make Mincemeat of Belgium Beef

The Libramont agricultural show is the highlight of the year for Belgium's proud beef industry, but this year even the sunny skies of western Europe's record heatwave couldn't chase one looming shadow away. 

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Air France to Place Mega-Order for A220 Jets

Air France will this week announce plans to purchase between 50 and 70 Canadian-made Airbus A220 medium-haul jetliners, part of a keenly-awaited revamp of its fleet, France's Journal du Dimanche newspaper reported Sunday.

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