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Italy's PM Heads Off Coalition Split over High-Speed Rail Project

Italy's Prime Minister Giuseppe Conte appears to have headed off a crisis over the disputed Turin-Lyon high-speed rail project that threatened to split the coalition government, Italian media reported Sunday.

Conte, a trained lawyer, helped draft a legal document late Friday to find a way out of the conflict between coalition partners the far-right League and the anti-establishment Five Star movement (M5S), said Italian daily Corriere della Sera.

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China Says Will Not Devalue Currency to Spur Exports

China has gone to great lengths to support its currency and would not devalue the renminbi to spur exports or combat trade frictions, the governor of the central bank said Sunday.

Speaking on the sidelines of China's annual parliamentary session, Yi Gang said Washington and Beijing had discussed exchange rates in recent trade talks and reached a consensus on many "crucial" issues.

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Tokyo Prosecutor Says Ghosn's Bail May Compromise Evidence

A decision to grant bail to Carlos Ghosn could risk "destruction of evidence" in the financial misconduct case against the former Nissan chief, a senior Tokyo prosecutor said Friday.

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Lawyer Apologizes for Ghosn's 'Disguise' during Release

The mystery of Carlos Ghosn's strange attire when he was released from Japanese detention has been solved, with his lawyer saying Friday that it was an effort to protect the former chairman of Nissan from intense media attention.

Many had been baffled by why Ghosn was wearing a blue cap, surgical mask and a construction worker's outfit when he was released on bail Wednesday. The disguise has riveted Japanese tabloid media, with one TV show even featuring a reenactment with a man dressed in the same outfit.

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World's Biggest Sovereign Wealth Fund to Decide on Dumping Oil

Norway will announce on Friday whether its sovereign wealth fund, which is the world's biggest and has been fuelled by petrodollars, will divest its oil and gas holdings in a decision keenly awaited by climate activists. 

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China's Imports, Exports Tumble More Than Expected in February

China's exports and imports plummeted much more than expected in February, official data showed Friday, adding to worries about slowing growth in the world's number two economy as it fights a trade war with the US.

Its politically sensitive trade surplus with the US narrowed to $14.7 billion for the month from $27.3 billion in January, the data from China's customs administration showed. 

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'Tired' Ghosn Recovers, as Lawyers Ready 'Thorough' Defense

Former Nissan chief Carlos Ghosn's top lawyer vowed Thursday to mount a "thorough" defense to restore his client's reputation, as the "tired" businessman spent his first day out of a Tokyo detention center recovering.

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'Nearly a Third' of British Billionaires Moved to Tax Havens

Nearly a third of Britain's billionaires have either moved or are relocating to tax havens, where some have broken UK law by bankrolling political parties, a major investigation said on Thursday.

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UK Insurer Aviva Warns Outlook Weaker on Brexit Uncertainty

British insurer Aviva on Thursday warned that its outlook would be weakened by economic uncertainty surrounding Brexit, but added it was well positioned to "minimize" adverse impact.

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ECB Acts Early to Curb eurozone Slowdown

The European Central Bank on Thursday announced fresh measures to juice the slowing eurozone economy, saying interest rates would remain at historic lows at least until the end of 2019 and offering new rounds of cheap loans to banks to keep credit flowing.

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