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Japan Pushes Back on Trump's Currency Devaluation Claim

Japan on Wednesday denied Donald Trump's accusation Tokyo "played the money market" to give it an unfair trade advantage, with Prime Minister Shinzo Abe saying the claims of currency devaluation were untrue.

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Dollar Bounces after Trump-Fueled Sell-Off

The dollar on Wednesday recovered from a hefty sell-off that came after Donald Trump and one of his key economic advisers hit out at other nations using their weaker currencies to gain a trade advantage.

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iPhone Sales Lift Apple to Record Quarter

Apple on Tuesday reported a rebound in iPhone sales to lift the tech giant to record revenue in the past quarter in quarterly results that eased concerns of slowing growth.

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Deutsche Bank Fined Nearly $630 mn over Russia Money Laundering

New York and British authorities on Monday slapped nearly $630 million in fines on German banking giant Deutsche Bank over alleged money laundering in Russia, New York State's Department of Financial Services announced.

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Turkey Tourism Income Slumps after Attacks, Coup

Turkey tourism revenues fell almost 30 percent in 2016, the country's statistics office said Tuesday, after visitors stayed away following multiple terror attacks and a failed coup.

In 2016 income from tourism fell by 29.7 percent compared to the previous year, falling to $22.1 billion (19.7 billion euros), the Turkish Statistics Institute (TUIK) said on its website.

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India Says Cash Ban Hits Growth

India's government acknowledged Tuesday that its controversial decision to withdraw high-value bank notes from circulation has had an "adverse impact" on the economy as it lowered its growth forecast.

In an annual survey published on the eve of the budget, the government said "the adverse impact of demonetisation on GDP (gross domestic product) growth will be transitional" while Finance Minister Arun Jaitley said it would have significant implications for GDP.

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Shell Sells Part of North Sea Assets for $3.8bn

Anglo-Dutch energy giant Royal Dutch Shell has agreed to sell a chunk of its North Sea assets to oil explorer Chrysaor for up to $3.8 billion (3.6 billion euros), it said Tuesday.

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Dubai to Award $3 Bln Building Contracts for Expo 2020

Dubai said on Monday it will award this year 47 construction contracts worth $3 billion in preparation for the World Expo 2020 international trade fair.

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Spain's Economy Powers ahead Again in 2016

Spain's economy grew 3.2 percent last year, official figures showed Monday, as the country continues to power ahead following a damaging crisis marked by sky-high unemployment and rising inequalities.

The GDP growth figure, the same as that of 2015, is one of the best among European countries.

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Starbucks, Airbnb Pledge Support for Migrants after Trump Ban

US President Donald Trump's border clampdown has stirred Starbucks and Airbnb to help those affected by the temporary immigration ban -- pledging to hire more refugees and provide accommodation.

Trump's measures suspend the arrival of all refugees for at least 120 days, Syrian refugees indefinitely and bars citizens from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen for three months, affecting many companies' plans.

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