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Oil Down in Asia, Hurt by Chinese Factory Slump

Oil prices fell further in Asia Monday, hurt by a slump in the manufacturing sector in China, the world's top energy consuming nation.

A strong dollar and signs of increasing US oil production added pressure on prices, which have already been depressed by a global crude oversupply, analysts said.

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German Business Confidence up as Greece Fears Ease

German business confidence rose slightly in July, reflecting relief in Europe's biggest economy about the deescalation in the Greece debt crisis, the Ifo economic institute said Tuesday.

The Ifo institute's closely watched business climate index rose to 108 points, the first increase in three months, from a revised 107.5 points in June, beating analysts' expectations, Ifo said.

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Foreign Investment in Arab States Dropped 8% Last Year

Foreign direct investment into Arab states dropped 8.0 percent last year with the United Arab Emirates and Saudi Arabia accounting for close to half the total fall, a report said Sunday.

Arab states attracted FDI worth $43.9 billion (40 billion euros) in 2014 compared with $47.5 billion the previous year, the Kuwait-based Arab Investment and Export Credit Guarantee Corp said in its report. 

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Iran Says Foreign Holdings $29bn, not $100bn Plus

Iran has assets of $29 billion in overseas banks that could be unlocked under a nuclear deal -- far less than reported estimates of over $100 billion, the country's central bank chief said.

Valiollah Seif told state television late Saturday that the holdings comprised $23 billion in foreign exchange belonging to the bank and another $6 billion of the Tehran government's money.

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Egypt Begins First Trial Run of 'New Suez Canal'

Egypt began Saturday the first trial run of its "new Suez canal," officials and state media said, ahead of the formal inauguration of the new shipping route next month.

Dubbed the Suez Canal Axis, the new 72-kilometer (45 mile) project is aimed at speeding up traffic along the existing waterway by reducing the waiting period of vessels, as well as boosting revenues for Egypt.

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AT&T Buys DirecTV, now Biggest Traditional TV Provider in U.S.

Even as TV watchers increasingly go online, AT&T has become the country's biggest traditional TV provider with its $48.5 billion purchase of DirecTV.

It got its regulatory approval Friday from the Federal Communications Commission after more than a year. The Justice Department had already cleared the deal on Tuesday.

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Uganda's Farmers Battle Palm Oil Goliaths for Land

Even before the bulldozers arrived life was tough for John Muyiisa, scratching a living from a rented farm on Lake Victoria's Kalangala island.

Now he has almost nothing and is seeking compensation in Ugandan courts from the palm oil plantations he blames for seizing the land and destroying his livelihood.

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Reports: Square Exploring Stock Market Debut

Payments company Square has informed U.S. regulators privately that it is exploring going public with a stock market debut, according to reports Friday.

The mobile payments and financial services startup launched by Twitter co-founder Jack Dorsey is stealthily looking into an initial public offering of stock.

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Poor Week on Wall St: Earnings Misses, China Worries

After a strong opening for the second-quarter reporting season, U.S. stocks reversed course on a raft of earnings disappointments as Wall Street succumbed to lack of confidence this week.

Traders also bared their doubts about the U.S. economy's breakaway from the rest of the globe on Friday, when shares sank more than one percent after poor data on China drove down especially oil and other commodity-tied companies.

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Greece Asks for Fresh IMF Aid in Step Closer to Bailout

Debt-crippled Greece on Friday took a step closer to a huge third international bailout by formally requesting IMF help, but sources said "logistical problems" were delaying the start of talks in Athens.

The Greek government, which is seeking a three-year bailout worth up to 86 billion euros ($94 billion) to avert financial meltdown and a chaotic exit from the eurozone, had initially planned to go without fresh help from the IMF as it considers the agency too wedded to draconian austerity measures.

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