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Class Action Against Australia's Biggest Bank Gets Funder Backing

A global litigation funder on Tuesday said it would back a shareholder class action against Australia's biggest bank over alleged breaches of anti-money laundering laws.

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Debt, Sanctions and Disrepair: Venezuela's Oil Sector in Agony

After decades of being Venezuela's cash cow, the state oil company PDVSA is a ragged shadow of its former self: overburdened, underfed, and in hock to Russian and Chinese creditors.

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Asian Markets, Won Sink after N.Korea's Latest Nuclear Test

Asian and European stocks tumbled along with the South Korean won Monday while the safe-haven yen rallied on news that North Korea had tested what it claimed was a hydrogen bomb, ramping up international tensions.

Less than a week after it rattled global markets by firing a rocket over Japan, Pyongyang on Sunday conducted its sixth nuclear test -- sparking further condemnation and a warning from US Defense Secretary Jim Mattis of a "massive military response" if the US or its allies were attacked.

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Common Ground in Short Supply as China Hosts BRICS

Chinese President Xi Jinping on Sunday acknowledged growing doubts over the relevance of the five-nation BRICS bloc of large emerging economies but called for the group to stick together even after China's tense border row with fellow member India.

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Foreign and 'Futureless', Saudi-Born Women Struggle to Find Work

Hafsa had hoped to land a much-needed job distributing meals for the Muslim Eid al-Fitr holiday. One question stood in her way: "Are you, your husband, or any of your relatives Saudi?"

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Slow Greek Recovery Brings No Relief to Struggling Workforce

Markos Markakis is 28 and works up to 13 hours a day. It took him seven attempts to find his current job, and in Greece's precarious job environment, he counts himself lucky.

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Israel Questions Six in Submarine Graft Probe

Israeli police said they detained six people Sunday for questioning over suspected corruption around a deal to buy submarines for Israel's navy from Germany's ThyssenKrupp.

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Petrobras Execs Get Huge Fine in Refinery Buy Case

A Brazilian court Wednesday ordered two former Petrobras officials to pay fines totaling more than $80 million for grossly mishandling the purchase of a Texas refinery.

Brazil's Court of Accounts (TCU) found the semi-public oil giant's former president Sergio Gabrielli and an ex-official of the state company, Nestor Cervero guilty of hurting the country's accounts in the deal.

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China Construction Bank Profits Lifted by Economy, Debt Crackdown

China Construction Bank, one of the country's "big four" financial institutions, reported a moderate first-half profit rise and improving asset quality as a government crackdown on bad debt kicked in.

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Oil Down as U.S. Refineries Struggle from Harvey Impact

Crude prices fell further in Asian trade Thursday as refineries shut down by deadly storm Harvey in the key oil-producing U.S. Gulf Coast struggled to get back online, further piling up supplies.

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