OPEC pumped more oil in July as global oil supplies rose for the third straight month, the IEA said Friday, giving figures that cast further doubt on the cartel's pledge to cut output to raise prices.
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Credit Suisse barred its traders from transacting some Venezuelan government bonds and required other Venezuela-connected transactions to undergo a special review for reputational risk, a bank spokesman said Thursday.
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Equity screens were a sea of red in Asia Friday and the dollar slumped against the yen as investors fled to safe haven assets after US President Donald Trump doubled down on his North Korea rhetoric.
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Crude oil production by OPEC members increased slightly in July, including Saudi Arabia, which had championed efforts by the oil cartel and allies to extend an output freeze.
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Asian equities headed back into the red Thursday afternoon, wiping out a nascent recovery in the morning as spiralling tensions over North Korea lingered for a second day.
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US corporate profits jumped in the first half of 2017, but future gains could be challenged by sluggish American economic growth and insufficient progress on key reforms in Washington.
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Google's Belgian unit faces a tax probe, a report said Wednesday, after the U.S. internet giant had to cough up hundreds of millions of euros in back taxes in Britain and Italy.
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An estimated 200,000 protesters brought India's financial capital Mumbai to a halt Wednesday as they demanded set quotas for government jobs and colleges amid unemployment and reduced farm incomes.
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World stock markets and the dollar slid Wednesday after U.S. President Donald Trump warned of "fire and fury" in retaliation to North Korea's nuclear ambitions, sending traders fleeing to safe-haven investments.
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France said Wednesday it would team up with Germany to address an "unacceptable" tax situation for homesharing website Airbnb and other digital platforms like Google and Amazon.
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