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'Empty Quarter' Full of Saudi Oil Firm's Hopes

Reddish-brown sand dunes twist across the desert, their canyon-like ridges accentuated by late afternoon sun as a Saudi Aramco jet approaches the site of a remote gas plant.

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Yen Claws back after Drop on Intervention Threats

The yen clawed back some lost ground Wednesday after it slid on Japanese officials' repeated warnings that they could intervene in currency markets to bring down the surging unit.

Having soared to 18-month highs against the dollar, the yen this week suffered its biggest two-day slide in several months.

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A Winning Blend for Portugal's Coffee King

Rui Nabeiro not only rose from humble beginnings to become one of Portugal's richest men, he has managed to survive the economic crisis while keeping his coffee business under family control in the small town where he grew up despite overtures from multinationals.

At 85, he remains at the helm of the Delta firm he founded in 1961 in Campo Maior, in the country's depressed east, as a small coffee-grinding business aimed at the Spanish market.

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Blockbusters Boost Disney Profits but Cable Revenues Fall

Strong ticket sales from the latest "Star Wars" film and "Zootopia" helped modestly lift Disney's second-quarter profit, according to results released Tuesday.

But revenues from Walt Disney Co.'s closely watched cable television division fell, perturbing investors who have been worried about the prospects for its ESPN network as the traditional cable television model comes under assault.

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Canadian Oil Hub Works to Restore Power, Eyes Resuming Full Oil Output

Crews worked Tuesday to start restoring water and electricity in this Canadian petroleum hub crippled by huge forest fires, as officials said stalled oil production could resume in days.

Oil is the lifeblood of the economy in this part of Alberta province, and the fires raging around Fort McMurray for the past 10 days or so have led to a 40 percent drop in output.

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China Producer Price Falls Slow in April

Chinese producer prices declined at their slowest rate in 16 months in April, official data showed Tuesday, a positive sign for the world's second-largest economy.

The producer price index (PPI), which measures prices of goods at the factory gate and is a leading indicator of consumer inflation, fell by 3.4 percent from a year ago, the National Bureau of Statistics (NBS) said in a statement.

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Tokyo Stocks up by Break on Weaker Yen, Oil Prices

Tokyo stocks rose again Tuesday morning as a weaker yen brightened the outlook for exporters' profits while a slide in oil prices lifted airline shares.

The gains came after bargain-hunting investors on Monday pushed the Japanese market into the black after six straight losing sessions.

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Oil Traders Cautious after Plunge as Canada Fires Ease

Oil traders moved cautiously in Asia on Tuesday after the previous day's sharp losses as the threat of wildfires to Canada's crude-producing Alberta region eased and a strong greenback dampened appetite.

Canadian authorities were focusing on restoring output after the fires that have raged for a week forced oil companies in the area to shut down operations, slashing production by one million barrels a day.

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Treasure Islands: Britain's Offshore Hubs

Prime Minister David Cameron is under pressure to demand greater transparency from Britain's overseas tax havens, which critics say help promote and support corruption.

The leak of documents from Panama-based law firm Mossack Fonseca shone a spotlight on British offshore financial centers, with more than half of the 214,000 companies exposed registered in the British Virgin Islands alone.

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Massive Uncut Diamond Fetches 'Record $63 Million'

Canadian mining company Lucara Diamond on Monday announced the sale of a huge 813 carat diamond for a record $63 million (55 million euros), ahead of the sale of an even bigger one.

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