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U.S. Fines Exxon $2 Million over Ukraine-Related Sanctions Breaches

The United States on Thursday hit oil giant ExxonMobil with a $2 million fine for violating Ukraine-related sanctions at a time when Secretary of State Rex Tillerson was still in charge of the company.

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ADB: Strong Export Demand to Lift Asian Economies

Surging global demand for Asian exports and low oil prices will help China and the region's  developing economies grow faster than expected this year and next, the Asian Development Bank said Thursday.

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Asia, Europe Track Wall St Records, Dollar under Pressure

Asian and European markets extended their latest rally on Thursday following across-the-board records on Wall Street where traders were buoyed by another day of strong earnings.

Better-than-forecast results from New York titans IBM and American Express helped to fuel a buying spree and allowed investors to look past the crises engulfing Donald Trump and his stalled legislative agenda.

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Want to Escape Sao Paulo's Traffic? Take a Flying Taxi

While Uber has changed ground transport in many cities, Sao Paulo's infernal traffic jams have sparked a new app that opens the sky to commuters: Voom, a helicopter taxi service that charges according to distance and the passenger's weight.

It's a godsend for those in a rush -- but only if the weather permits.

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Indebted Britain to Scrap Credit Card Charges

The British government on Wednesday said it would ban companies from charging consumers for paying by debit and credit cards, as the country struggles to bring down its debt.

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Dollar Remains Hobbled by Trump

The dollar's travails extended into Wednesday as Donald Trump faces a battle to push through his much-vaunted economic agenda, but equity traders took the news in their stride. 

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U.S. Says Must Have More 'Fair, Reciprocal' Trade with China

The U.S. launched its first round of trade talks with China since Donald Trump took office in an unusually blunt manner Wednesday, demanding more "fair, equitable and reciprocal" relationship, with more access to American made goods and services.

Noting the more than 200 percent surge in Chinese exports to the United States in the last 15 years, creating a trade deficit of $309 billion last year, Commerce Secretary Wilbur Ross insisted change was necessary.

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Germany Delays Israel Submarine Deal over Graft Probe

Germany has delayed signing a deal with Israel advancing the sale of three submarines, an Israeli official said Tuesday as a corruption probe into the affair gained momentum.

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EU Says UK Negotiator's Early Brexit 'Not a Problem'

The European Union on Tuesday played down the departure of Britain's chief Brexit negotiator David Davis from crucial talks in Brussels after just a few hours, saying it was "not a problem."

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British Inflation Slows to 2.6%

Britain's annual inflation rate surprisingly slowed to 2.6 percent in June, mainly owing to a drop in motel fuel prices, official data showed Tuesday.

The Consumer Prices Index had hit 2.9 percent in May, close to a four-year high, as a Brexit-hit pound raises import costs.

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