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The CEO of the Brazilian state-run oil company told Reuters editors that it could further cut costs to invest beyond its $75 billion capital expenditure budget. Fred Katayama reports.
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U.S. stocks plunged as reports of a memo by former FBI chief James Comey suggested that President Donald Trump tried to interfere with a federal investigation. Fred Katayama reports.
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Trump trade is over as investors increasingly worry U.S. President is less likely get tax cuts and deregulation done, says Max Wolff of 55 Capital. Fred Katayama reports.
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British pay growth lagged inflation for the first time in two-and-a-half years in early 2017, underscoring the growing Brexit squeeze facing many households. David Pollard reports.
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Thousands of Greeks have walked off their jobs and marched through central Athens in protest against continued austerity measures demanded by international lenders in exchange for bailout funds. Kate King reports.
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Surging U.S. oil production that has stalled OPEC's effort to pull inventories back to their five-year average will be a priority to discuss at the group meets in Vienna. Ernest Scheyder reports.
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Britain has sold its last remaining stake in Lloyds Banking Group , making the lender the first to re-emerge from British state ownership in a symbolic step for the country's recovering banking sector. Kate King reports.
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Concern that U.S. President Donald Trump's reform agenda could be slowed down, and that Trump himself could even face the threat of impeachment, hits the dollar and spurs a pullback from richly valued stocks. David Pollard reports.
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China's film and TV stars are increasingly becoming the face of European and British brands. From perfumes to makeup, fashion and food, many are partnering up with international brands to expand in China's booming consumer market. Maryam Behmard
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Video on demand service Netflix is ruffling feathers at the 70th Cannes Film Festival in France. As Kate King reports, this might be the first and last time time it competes unless it or the industry changes its rules.
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U.S. share futures and the dollar tumble in Asian trade on Wednesday after reports President Donald Trump asked then-FBI Director James Comey to end an investigation into Michael Flynn. Ryan Brooks reports.
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Tech stocks drove the Nasdaq to a record high, but mixed economic data and earnings pressured the markets. Fred Katayama reports.