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IMF, Greece Split on Outlook for Economy

The International Monetary Fund and Greece are at odds over the outlook for the troubled European nation's economy, a split that likely will continue to hold up further IMF financing.

Greece Finance Minister Euclid Tsakalotos said the IMF report on the economy, released Tuesday, "fails to do justice" to his country by underestimating growth and the progress made through years of sacrifice.

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Euro under Pressure, but Major Asia Markets Bounce

The euro struggled in Asia Wednesday on increasing uncertainty about France's political outlook and fears of another debt crisis brewing in Greece.

Most major equities markets reversed early losses to push higher but confidence remains shaky over worries about Donald Trump and uncertainty about his impact on the global economy.

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Oil Market 'Responding Positively' to Output Cut

Qatar's energy minister, the current OPEC president, said world oil markets were "responding positively" to output cuts implemented by the cartel and some non-cartel producers.

"I think the market is responding positively and you can see the drop in supply," Mohammed Saleh al-Sada told reporters.

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IMF Board Says Greece Needs Further Debt Relief

The International Monetary Fund's board agreed late Monday that Greece likely will need further debt relief, but there remains a split over the appropriate goal for the country's finances.

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At $250M, Los Angeles Home Most Expensive Listed in US

At $250 million, a new mega mansion in the exclusive Bel Air neighborhood of Los Angeles is the most expensive home listed in the United States.

The passion project of developer and handbag tycoon Bruce Makowsky, the four-level, 38,000-square-foot mansion built on spec includes 12 bedroom suites, 21 bathrooms, five bars, three gourmet kitchens, a spa and an 85-foot infinity swimming pool with stunning views of Los Angeles. There's also a 40-seat movie theater, a bowling alley, and a fleet of exotic and vintage cars worth $30 million.

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Asia Markets Rattled by Trump, Europe Concerns

Asian markets mostly fell Tuesday, with concerns about upcoming European elections and Donald Trump's unpredictable presidency fueling uncertainty.

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Deutsche Boerse, LSE Offer Clearing House Sale to Ease Merger

Stock exchange operators Deutsche Boerse and London Stock Exchange (LSE) said Tuesday they would offer to sell French clearing house LCH Clearnet as they push for regulatory approval of their planned merger.

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Turkey Transfers State Assets to Sovereign Wealth Fund

The Turkish government has ordered the transfer of tens of billions of dollars worth of state assets to a sovereign wealth fund, in a huge shake-up of its holdings aimed at financing ambitious infrastructure projects.

The assets being transferred to the sovereign wealth fund range from wholly state-owned Ziraat Bank to the government's minority shareholding in flag carrier Turkish Airlines.

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Morocco Warns EU over Trade Deal

Morocco's government on Monday warned the European Union that its failure to fully implement an agriculture deal with Rabat would have severe consequences and could spur illegal migration.

The North African nation and the European Union signed in 2012 a multi-million-euro fishing and agriculture trade agreement.

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Greece Hopes Migrant Burden Will Turn into Boon

Two decades ago, an influx of half a million migrants boosted Greece's economy. Today, the government and some experts hope a new wave of migrants will do the same.

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