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Turkey's Troubles Deal New Blow to Stumbling Economy

The end to a ceasefire with Kurdish rebels and political uncertainty after inconclusive June elections are compounding already mounting problems for Turkey's stuttering economy, analysts say.

The resumption of regular attacks by Kurdistan Workers' Party (PKK) rebels in the southeast of the country as Turkish jets bomb their positions in northern Iraq has brought back memories of the 1990s when the country was often in economic, political and security chaos.

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EU Announces Free Trade Deal with Vietnam 'in Principle'

The EU on Tuesday announced a free trade deal "in principle" with Vietnam aimed at removing nearly all tariffs on goods traded between the two countries.

"We have a deal," EU Trade commissioner Cecilia Malmstroem announced as her office said it was "an agreement in principle" in two and a half years of "intense" negotiations for a free trade agreement.

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S&P Downgrades Outlook for EU after Greece Crisis

Standard & Poor's has changed the outlook for the European Union from stable to negative after the bloc's support for Greece and following Britain's decision to vote on leaving the EU, S&P reported Monday.

The decision means the U.S. ratings agency could lower its grade of the European Union -- now at AA+ -- in the next two years.

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Britain Begins Sale of Stake in Bailed-out Royal Bank of Scotland

Britain's government has begun selling its majority stake in bailed-out Royal Bank of Scotland (RBS) to reduce state debt and kick-start the lender's full return to the private sector, the Treasury said Tuesday.

The government has sold 5.4 percent of RBS for £2.1 billion ($3.3 billion, 3.0 billion euros), a statement said.

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Rebooting Greece: How to Get its Economy Going Again

After so much pain, Greece must now figure out how to get its economy back on its feet.

The scale of the country's financial problems is mind boggling — a full quarter of the economy evaporated in the past six years and business activity is now plummeting further. Government cuts needed to qualify for a new bailout will hurt incomes for years to come.

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Veolia Says Net Profits More than Double to 321 Million Euros

Waste management giant Veolia said Monday its profits in the first half of the year more than doubled to 321 million euros ($352 million), helped by a cost-cutting drive.

The French company, which specializes in water distribution, waste, recycling and energy, said its turnover also rose by 7.3 percent to 12.3 billion euros. 

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Bitcoin Exchange CEO Manipulated Data Dozens of Times

Mark Karpeles, the head of defunct Bitcoin exchange MtGox, manipulated its computer system at least 30 times over a couple of years, a report said Monday, as Tokyo promised greater efforts to regulate the digital currency.

The fresh allegation against France-born Karpeles, 30, follows his arrest Saturday by Tokyo police, more than a year after the once-dominant exchange collapsed in the wake of fraud allegations.

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Greek Stocks Plunge 22 Percent as Bourse Reopens

Greece's stock exchange reopened Monday with a drop of more than 22 percent after a five-week shutdown imposed by the country's debt crisis and capital controls.

The ATHEX plunged to 615.72 points a few minutes after opening at 0730 GMT, down 22.82 percent from its June 26 close.

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Proof of Trump's Charity Giving Elusive

Donald Trump, widely believed to be the wealthiest U.S. presidential candidate ever, is nowhere among the ranks of the most generous Americans and hasn't donated to his own charity in seven years, according to an Associated Press review of his financial records and other government filings.

The billionaire TV star, who has dominated coverage of the Republican presidential race, has said he donated $102 million worth of cash and land to philanthropic and conservation organizations over the past five years. But his campaign has provided little documentation for most of these contributions, and tax filings of the Donald J. Trump foundation show Trump has made no charitable contributions to his own namesake nonprofit since 2008. Without an endowment, the fund has continued to give grants only as a result of contributions from others.

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HSBC Profits Fall 3.8% in Q2, Brazil Sell-off Agreed

HSBC announced Monday that net profit fell 3.8 percent in the three months to June, as the company agreed to sell its Brazilian business for $5.2 billion to Brazil's Banco Bradesco.

Europe's biggest bank announced in June that it would cut its global workforce by up to 50,000 as it exits Brazil and Turkey.

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