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Oil Spikes on Iran Tensions, Libya Woes

Oil prices jumped Monday after Iran seized a British tanker in the Gulf, fuelling fresh concerns about supplies and a possible conflict in the crude-rich Middle East.

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Asian Markets Sink as Traders Consider Fed Rate Cut

Asian markets were in retreat Monday on dimming hopes for a deep interest rate cut by the Federal Reserve, but all the firms on a new tech-focused board in China rallied on its opening day.

Oil prices extended last week's gains after Iran seized a British tanker in the Gulf, fuelling fresh concerns about supplies and a possible conflict in the tinderbox Middle East.

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Britain's Bookish Hammond Turns Unlikely Resistance Chief

Philip Hammond's decision to resign as Britain's finance minister should Boris Johnson become prime minister thrusts him into the frontlines of a brewing internal revolt against the likely incoming leader.

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Move over Hollywood, Tourist Island Cyprus is Ready to Roll

Watch out Hollywood and Bollywood, the eastern Mediterranean island of Cyprus that has built a reputation as a tourist magnet thanks to its pristine beaches wants a piece of the action: enter "Olivewood" and Nicolas Cage.

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China Importers Seek to Lift Tariffs on U.S. Farm Goods

Chinese importers are applying to their government to lift tariffs on some U.S. agricultural imports, state media reported on Sunday, three weeks after the two sides reached a truce in their trade war.

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Iceland Tops Europe as Most Expensive

The hot springs of Iceland are not the only thing making tourists sweat, as a look at the hotel or lunch bill will tell you that most things cost more, sometimes much more, than anywhere else in Europe.

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Swine Fever Sends China's Pork Prices, Imports Soaring

Pork prices have been sent soaring and herds devastated as African swine fever tears through China's massive pig-farming industry, forcing the country to ramp up imports to satisfy demand -- but analysts warn worse is yet to come.

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Singapore Returning Millions Linked to Malaysia Scandal

Singapore is returning almost $40 million to Malaysia seized in connection with a massive financial scandal that played a major role in the toppling of the corruption-plagued government of Najib Razak, police said.

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South Koreans Boycott Japan Beer in Brewing Trade Row

Beer-loving South Koreans angered by a trade row with Tokyo are boycotting Japanese brews in a surge of patriotism that has even seen popular beauty bloggers targeted.

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PepsiCo Buys Pioneer Foods for $1.8 Billion in Africa Push

U.S. beverage and food giant PepsiCo has agreed to buy South Africa's Pioneer Foods for about 24.4 billion rand ($1.8 billion), a company executive said Friday, in a bold move into the African market.

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