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France Reports 'Disappointing' Zero Growth

French growth stagnated in the second quarter of the year, statistics bureau Insee reported Friday, a "disappointing" result that dashed hopes of a small economic expansion.

France's gross domestic product (GDP) showed no change in the three months to June, according to a first estimate, after rising a revised 0.7 percent in the first quarter.

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Yen Soars, Asia Stocks Hit as Bank of Japan Frustrates

The yen soared Friday and Asian stock markets slipped as the Bank of Japan's small adjustments to its stimulus program disappointed traders who had expected a huge boost to its arsenal.

After weeks of anticipation that the central bank would pump fresh cash into the economy, policymakers said only that they would boost its exposure to riskier investments, leaving a massive 80 trillion yen annual asset-buying program unchanged.

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Arak Brun's 'Lebnen Ello Ta3mé' Campaign Revives Lebanon's Good Old Days

Delivering a message and sending an invitation for the frustrated Lebanese to rediscover their unique traditions and family memories as well as the faith in themselves, Arak Brun, one of the most established arak producers in Lebanon, has launched the "Lebnen Ello Ta3mé/Lebanon has Taste!” campaign.

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Restructuring Charges Hit Profit at Spain's Repsol

Spain's oil giant Repsol said Thursday that its net profit fell 30 percent in the second quarter, with asset sales failing to compensate for restructuring costs.

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British Bank Lloyds Axes another 3,000 Jobs

British bank Lloyds will axe 3,000 more jobs by 2017, it said Thursday, as it braces for the Bank of England's widely-expected post-Brexit interest rate cut next week.

Lloyds Banking Group (LBG) has decided to extend its restructuring plans with the closure of 200 branches and 3,000 jobs by the end of next year, it revealed in an interim results statement.

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Oil Slightly Higher after Five-Day Slump

Oil prices edged up in Asia Thursday after slumping for five-straight sessions to a three-month low after a surprise jump in U.S. stockpiles built on increasing worries about a global supply glut.

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Boeing Reports $234 mln Loss after Unexpected Costs

Boeing reported a second-quarter loss Wednesday due to elevated costs for an Air Force contract and for commercial air production as it confirmed its full-year plane deliveries targets.

The U.S. aerospace giant lost $234 million for the quarter ending June 30 following $2.1 billion in unexpected charges announced last week.

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US, European Gas Giants Bid for Cyprus Drilling Rights

ExxonMobil, ENI and Total are among eight energy giants bidding to drill for undersea oil and gas off the southern coast of Cyprus, officials said Wednesday.

Companies from Europe, the U.S., Qatar and Israel are bidding for three new drilling licenses, Cypriot Energy Minister George Lakkotrypis told reporters.

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Brexit Chips away at German Consumer Morale

Confidence among German consumers suffered slightly in July as households digested Britain's vote to quit the European Union, a poll found on Wednesday.

Last month's Brexit was "an important reason why uncertainty about future economic developments grew slightly," market research company GfK said in a statement.

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Deutsche Bank Second Quarter Net Profit Tumbles by 98%

Troubled German giant Deutsche Bank saw net profit tumble in the second quarter to 20 million euros ($22 million), down 98 percent on the previous year's figure, results released on Wednesday showed.

The result, blamed on a "weak" business environment and complex restructuring by chief executive John Cryan, fell well short of the average of 188 million euros expected by analysts surveyed by Factset.

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