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Singapore Kicks out Swiss Bank Linked to Malaysia's 1MDB

Singapore's central bank on Tuesday said it was kicking out Swiss bank BSI, which has been linked to a global money-laundering scandal at Malaysia's state fund 1MDB that has embroiled Prime Minister Najib Razak.

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Eurozone Ministers Seek Debt Deal for Greece

Eurozone finance ministers will on Tuesday push for a deal to unlock bailout cash for Greece and resolve a row with the IMF over debt relief for Athens.

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Chinese Investors to Build Industrial City in Oman

Chinese investors signed a deal Monday with Oman's government to build an industrial city, including an oil refinery, in the southern port town of Duqm, a joint statement said.

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Moscow Returns to Bond Market for First Time since Sanctions

Russia on Monday announced its return to the international bond markets for the first time since the West slapped it with sanctions over its role in the Ukraine conflict.

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GE Announces $1.4 Billion Investments in Saudi Arabia

U.S. industrial conglomerate General Electric said Monday it would invest $1.4 billion in Saudi Arabia in support of the kingdom's recently unveiled plan to diversify the oil-dominated economy.

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Egypt Parliament Speaker Warns MPs Not to Criticize Monetary Policy

The speaker of Egypt's parliament has threatened to take disciplinary action against members who publicly criticize the government's monetary policy, raising further questions about the legislature's independence.

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Iran, Afghanistan, India Sign Three-Way Transit Accord

Iranian President Hassan Rouhani, Afghan President Ashraf Ghani and Indian Prime Minister Narendra Modi on Monday signed a three-way transit agreement on Iran's southern port of Chabahar.

The accord, which calls for joint investments, will significantly boost the role of the under-tapped port of Chabahar, connecting Iran through India and Afghanistan to central Asia, the Iranian presidency said on its website.

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Project Lebanon Launches Its 21st Edition at BIEL

Hakim: Initiatives like Project Lebanon contribute to the launch of new projects, boost export and investment, and thus put the economic wheel in motion.

Aoun: 21 years of success with the participation of 450 companies from 20 countries.

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Recession Warning as UK Marks one Month to EU Vote

Britain could be plunged into a year-long recession and lose hundreds of thousands of jobs if it left the European Union, the government said Monday, in a warning dismissed as "biased" one month before an in-out referendum.

Speaking at a hardware store, Prime Minister David Cameron said Britain risked sparking a "do-it-yourself recession" by voting to leave the bloc on June 23.

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Oil Prices Dip after Iran Says it Won't Freeze Output

Oil prices dipped in Asia Monday after Iran said it has no plans to join any output freeze by other major producers.

The Organization of the Petroleum Exporting Countries -- of which Iran is a member -- is due to meet in Vienna on June 2, after talks in Doha in April involving OPEC members and other major producers such as Russia failed to reach a deal to cap production.

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