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U.S. Oil Sector Hopes to Weather Harvey Storm

Monster storm Harvey slammed into a key U.S. oil-producing region disrupting output amid the devastation, but crude stocks are high enough that the impact on the industry should be short-lived, experts said Monday.

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Naharnet Interviews LibanPost on Choosing Carlos Ghosn for New Stamp

LibanPost has chosen Lebanese international businessman Carlos Ghosn to be featured as the next Lebanese figure in its series of stamps and an official unveiling event was held Monday in the presence of Ghosn and Telecom Minister Jamal al-Jarrah.

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Euro Rises on Bets for ECB Tightening

The euro held its gains on Monday as traders bet that the European Central Bank would start to wind down its crisis-era stimulus program, while lower expectations for further tightening in the United States weighed on the dollar.

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China Merges Energy Giants into Global Leader

Chinese authorities have approved a mega-merger between the country's largest coal producer and a top electricity firm, the government said Monday, reportedly creating the world's biggest power company in terms of capacity.

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Jailed Samsung Heir Appeals against Conviction

Lawyers for the jailed heir to the Samsung empire filed an appeal against his conviction on Monday as South Korean media divided on the ruling that put the country's top business leader behind bars.

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Independent Inquiry into Australia's Biggest Bank

The woes mounted for Australia's biggest bank Monday with an independent inquiry to be launched into its governance, culture and accountability after it was accused of breaching anti-money laundering legislation.

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Labor: UK Should Stay in EU Single Market in Transition

Britain should stay in the European single market and accept free movement of people during a transition period after it leaves the EU, the main opposition Labor Party said on Sunday.

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Samsung Heir's Jailing Heralds Reform Drive

The conviction and jailing of South Korea's top business tycoon heralds a drive to reform the country's giant conglomerates and loosen their grip on the economy, analysts said.

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New Saudi Budget Carrier to Commence Flights Next Month

Saudi Arabia's new budget carrier Flyadeal said Thursday it will start flying next month, as the kingdom seeks to expand air services to boost tourism in a radical overhaul of its oil-dependent economy.

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German Business Confidence Stays Strong ahead of Election

German business morale dipped slightly in August but stayed close to last month's all-time high, a closely-watched survey said Friday, adding to a run of good news for Europe's powerhouse economy ahead of a general election.

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