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Saudi to Slash Oil Exports after Price Slide

OPEC kingpin Saudi Arabia will slash its oil exports in January by 10 percent compared to November, its energy minister said Wednesday as producers move to shore up tumbling prices.

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Saudi Arabia Says Vast Oil Reserves Even Bigger than Thought

OPEC kingpin Saudi Arabia said Wednesday that its huge oil reserves, already the second largest in the world behind only Venezuela, are even bigger than previously thought.

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Building Boom Turning to Bust as Turkey's Economy Slows

Deep in a provincial region of northwestern Turkey, it looks like a mirage -- hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.

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Markets Enjoy Rally as China-U.S. Trade Hopes Rise

Global markets rallied Wednesday on renewed optimism over talks on the China-U.S. trade war, while oil prices were energized by fading supply and demand concerns.

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Nissan Unveils New Leaf Car after Ghosn's Arrest Delays It

Nissan is showing the beefed up version of its hit Leaf electric car as the Japanese automaker seeks to distance itself from the arrest of its star executive Carlos Ghosn.

The unveiling Wednesday at Nissan Motor Co.'s Yokohama headquarters, southwest of Tokyo, had been postponed when Ghosn was arrested Nov. 19.

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US Official Says China Trade Talks 'Went Just Fine

US and Chinese officials extended trade war talks into a third day on Wednesday, with a member of the American delegation saying negotiations "went just fine".

The US officials have been in Beijing since Monday for the first sit-down talks since President Donald Trump and Chinese leader Xi Jinping agreed on December 1 to a three-month truce on a tit-for-tat trade spat.

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Drop in Oil Exports Pushes Up Canada Trade Deficit

Canada's trade deficit with the world widened to Can$2.1 billion (US$1.6 billion) in November, as exports fell for a fourth consecutive month, according to government data released Tuesday.

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Brexit Stockpiling 'Good News' for UK Warehouse Sector

Fears of a chaotic Brexit are "good news" for Neil Powell, a British warehouse business manager who has seen a boom in orders from companies stockpiling to avoid supply problems.

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Malaysia Probes Claim China Offered to Bail Out 1MDB

Malaysia said Tuesday it was investigating claims China offered to help bail out scandal-hit state fund 1MDB and get foreign probes into the controversy dropped in return for securing infrastructure deals.

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Trump Says U.S.-China Trade Talks Going 'Very Well'

U.S. President Donald Trump on Tuesday said negotiators were making progress toward ending the current trade war with China but he offered no details.

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