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Collapse of Syrian Pound Deals Blow to Struggling Shops

Mohammad Zarqawi ambled around his narrow shop in central Damascus, filling plastic bags with colourful spices and herbs, their aroma spilling out into a dim market once bustling with customers.

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Saudi Bourse Slumps after Oil Facility Attacks

Saudi shares slumped at the start of trading Sunday, the first session after drone attacks on two major oil facilities knocked out more than half the OPEC kingpin's production.

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Pound Jumps on Brexit Hopes as Global Stocks Firmer

The British pound hit a seven-week high against the dollar Friday on easing fears of a no-deal Brexit.

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Mnuchin Says U.S. Wants to Make 'Meaningful Progress' in China Trade Talks

U.S. trade negotiators want to make "meaningful progress" in upcoming talks with China, Treasury Secretary Steven Mnuchin said Thursday.

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ECB Says Eurozone Economy Showing 'More Protracted Weakness'

ECB chief Mario Draghi gave a gloomy assessment of the eurozone economic outlook as the bank slashed growth forecasts for 2019 and 2020, saying that a "more protracted weakness" of the single currency area is expected ahead.

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Trump Criticizes Federal Reserve for Not 'Acting Quickly' as ECB

U.S. President Donald Trump attacked the Federal Reserve again Thursday for not "acting quickly" like its European counterpart to provide stimulus to the U.S. economy.

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Saudi Raps Oil Producers over Flouting of Output Cuts

OPEC kingpin Saudi Arabia on Thursday led calls for oil producers to comply with output cuts aimed at stabilising a slumping oil market, as a gloomy new forecast blamed US-China trade tensions for depressed demand.

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OPEC Urges Further Production Restraint

The OPEC oil cartel urged continued production restraint Wednesday, saying output gains are still expected to outpace growth in demand for oil.

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China to Exempt 16 Categories of US Products from Tariffs

China announced Wednesday it would exempt 16 categories of products from US tariffs, ahead of a fresh round of trade talks next month.

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The Challenges Brexit Poses to Britain's Economy

British unemployment has hit a 45-year low, official data showed Tuesday, but the economy still risks falling into a deep recession due to the turmoil created by Brexit.

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