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Asian Markets Build on Global Rally as Virus Fears Ease

Asian markets on Wednesday extended this week's global rally following a fresh record in New York, while safe havens retreated as concerns about the impact of the deadly China virus eased.

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Outcry in Ukraine after MP Tells Pensioner to Sell Dog for Gas

A Ukrainian lawmaker's suggestion to a pensioner that she sell her dog to pay her gas bills has sparked an outcry in one of Europe's poorest countries and forced authorities to intervene.

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Stock Markets Rally as Traders Assess Virus Impact on Economy

Stock markets rallied Tuesday, as trading floors assessed the early impact of China's deadly virus on the economy.

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Iraq Says OPEC Weighing Output Cut over Virus Outbreak

OPEC members and their ally Russia are discussing a further cut to crude oil output at a meeting in Vienna because of China's coronavirus epidemic, Iraq's oil ministry said Tuesday.

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Australia Central Bank Keeps Interest Rates on Hold

Australia's central bank on Tuesday kept interest rates on hold at a record low, despite expected economic pain from the country's devastating bushfire crisis and the deadly outbreak of coronavirus in China.

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Shanghai Stocks Plunge on Virus Fears; Pound Slides after Brexit

Chinese equities plunged almost eight percent Monday as nervous traders returned from their extended Lunar New Year break, hit by fears that the deadly coronavirus could hammer the country's economy.

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Cyprus Wins Back UK Halloumi Trademark

Cyprus has regained the trademark rights in Britain to its renowned white cheese halloumi after an official blunder saw it lose its brand protection in 2018, officials said Monday.

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Russian Economic Growth Slowed to 1.3% in 2019

Russia's economic growth slowed to 1.3 percent last year, the state statistics agency said Monday.

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UAE Discovers Trillions of Cubic Feet of Shallow Gas Reserves

The United Arab Emirates, a leading OPEC producer, announced Monday the discovery of huge gas reserves, saying the find would help the Gulf state achieve self-sufficiency.

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UAE Allocates $2 Billion for Investment in Mauritania

The United Arab Emirates will pump $2.0 billion into investment and development projects in Mauritania, state media said Sunday during a visit by the country's new leader renowned for his anti-jihadist stand.

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