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Pound Inches Up after Brexit Drop, Eyes on Fed and Trade Talks

The pound ticked up slightly in Asia on Wednesday after suffering heavy losses on worries about a possible no-deal Brexit, while regional equities were mixed ahead of crunch trade talks between China and the United States.

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Three Banks Merge to Form Third Largest UAE Lender

Three banks based in the UAE capital Abu Dhabi Tuesday announced they have agreed to merge to form the Emirates' third largest lender.

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UAE Files WTO Complaint over Qatar Goods Ban

The United Arab Emirates said Tuesday it had filed a complaint to the World Trade Organization after Qatar banned UAE goods, the latest escalation in hostilities between the Gulf neighbors.

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Spain's Jobless Queue Shortens in 2018

Spain's unemployment rate dropped in 2018 as the country's services sector, which includes all-important tourism, generated more jobs, official figures showed Tuesday.

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U.S. Goes after Venezuela's Oil to Hit Maduro

The United States announced sanctions against Venezuela's state oil company Monday in a coordinated effort with the main opposition leader to cripple embattled President Nicolas Maduro's power base.

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Saudi Hopes to Attract over $425 Billion in Investments

Saudi Arabia on Monday launched an ambitious program which it hopes will attract $427 billion in investments in the industry and logistics sectors, as the OPEC kingpin bids to reduce dependence on oil.

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U.S. Shutdown Subtracted $11 Billion from GDP, Congressional Report Says

The five-week U.S. government shutdown subtracted a total of $11 billion from GDP, about twice the amount President Donald Trump had sought in funding for a border wall, a congressional body said Monday.

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Saudi Arabia Says Venezuela Crisis Could Hit Oil Market

The crisis in OPEC member Venezuela could impact the oil market balance, Saudi Energy Minister Khalid al-Falih told Al-Arabiya news channel on Monday.

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WTO to Probe Trump's China Tariffs

The World Trade Organization decided Monday to investigate the tariffs Washington slapped on $250 billion worth of Chinese goods, as the two countries prepare to meet for renewed trade talks.

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UK Food Store Chiefs Warn No-Deal Brexit Will Cut Availability

Bosses at top supermarkets and food chains on Monday urged British lawmakers to avoid a no-deal Brexit or risk reducing the availability of many products. 

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