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IMF Worried over Venezuela, 'No Solution in Sight'

The International Monetary Fund expressed grave concerns Friday over Venezuela's unending political crisis, seeing no end to the economic downturn and suffering of the population.

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Call for French ex-Minister to Answer over Lafarge-IS Scandal

The anti-corruption association Sherpa called Friday for former French foreign minister Laurent Fabius to be questioned over payments made by cement maker Lafarge to the Islamic State group through a Syrian middleman.

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Spain Issues 2018 Growth Warning over Catalan Crisis

Spain warned Friday it could lower its forecast for next year's economic growth if Catalonia's separatist challenge persists, as concern mounts over the financial fallout of the crisis.

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SGBL Inaugurates New Branch in Hazmieh-Mar Takla

Societe Generale de Banque au Liban (SGBL bank) has announced the inauguration of its new branch in Hazmieh-Mar Takla, which has opened its doors to welcome customers in a “new and comfortable space like the new SGBL branches.”

The opening took place in the presence of the Executive Management of the bank, personalities, customers, traders and residents of the region.

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Global Economy Chiefs Told to Reform while Going is Good

Finance chiefs from around the world have been warned to get their houses in order while the global economy is strong and to be ready for possible shocks in the future.

World Bank President Jim Yong Kim and International Monetary Fund Managing Director Christine Lagarde said that countries must address their mounting debts and deepening inequalities now, before possible setbacks that could come as the era of cheap money from major central banks nears an end.

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China's Imports from North Korea Fall as Trade with World Surges

China's imports from North Korea fell for the seventh month in a row, official data showed Friday, after Beijing vowed to apply U.N. sanctions to pressure Pyongyang over its nuclear and missile tests.

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Russia Puts Crimea on New Bank Note

Russia on Thursday presented a new bank note that shows images of Crimea, the Ukrainian peninsula annexed by Moscow in 2014.

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Germany 'Not Ready' to Sell Commerzbank Stake

Berlin has no plans to sell its stake in Commerzbank, an anonymous government source told newspaper Die Welt Thursday, belying reports a merger could be on the cards for Germany's second-biggest lender.

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Cartel Holds the Cards in Oil Market

OPEC and its allies have regained some control over the oil market as their production limits have eroded the supply glut that caused prices to plunge, but the IEA warned Thursday further restraint is needed if this balance is to be maintained. 

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Lufthansa to Swallow Lion's Share of Air Berlin

Years of struggle for Germany's second-ranked airline Air Berlin appeared close to an end Thursday, as airborne behemoth Lufthansa announced plans to buy more than half the bankrupt carrier's planes.

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