Oil leaps 5 percent as dollar rally stalls, U.S. rigs fall

NEW YORK Crude oil prices jumped almost 5 percent on Friday, their biggest rally in 1-1/2 months, as a steady U.S. dollar and a bigger than expected drop in U.S. oil rigs in operation set off a renewed rush of … Continue reading


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Airbus sees ‘several hundred’ orders at Paris Airshow

PARIS Airbus could announce “several hundred” airplane orders at the June 15-21 Paris Airshow, Fabrice Bregier, chief executive of the planemaking unit of Airbus Group, said on Saturday. Interviewed on French TV news channel i-Tele, he also defended the slow-selling … Continue reading


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Policies working, ECB must persist with purchase programs: Constancio

SITGES, Spain The European Central Bank’s monetary policy, aimed at raising inflation in the euro zone area, is working according to plan, ECB vice president Vitor Constancio said on Saturday, citing recent figures. “We have to persist in our policies … Continue reading


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Greece open to compromise to seal deal this week: interior minister

ATHENS Greece’s government is confident of reaching a deal with its creditors this week and is open to pushing back parts of its anti-austerity program to make that happen, the country’s interior minister said Saturday. Greece and its EU/IMF creditors … Continue reading


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More flooding in Texas after week of storms

Rain showers caused flooding on roads in parts of Texas early on Saturday, an official said, after severe weather killed at least 21 people earlier in the week, prompting U.S. President Obama to declare a disaster in the state. Texas … Continue reading


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U.S. says China’s island-building erodes security; Beijing angered

SINGAPORE U.S. Defense Secretary Ash Carter said on Saturday that China’s island-building in the South China Sea was undermining security in the Asia-Pacific, drawing a scathing response from the foreign ministry in Beijing. Carter, speaking to top defense officials from … Continue reading


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FIFA’s Blatter comes out fighting despite scandal and divisions

ZURICH FIFA President Sepp Blatter came out fighting on Saturday as he began his fifth term in charge of soccer’s governing body, implying that the United States timed the announcement of a major corruption probe to try to scupper his … Continue reading


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Where they stand: O’Malley on some issues of 2016 campaign

BALTIMORE (AP) — Former Maryland Gov. Martin O’Malley announced his candidacy Saturday for the 2016 Democratic nomination for president. Here’s a look at where he stands on some issues: ___ ECONOMY O’Malley has cited income inequality and wage stagnation as … Continue reading


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Former Md. Gov. O’Malley jumps into 2016 Democratic race

BALTIMORE (AP) — Former Maryland Gov. Martin O’Malley entered the Democratic presidential race on Saturday in a longshot challenge to Hillary Rodham Clinton for the 2016 nomination, casting himself as a new generation leader who would rebuild the economy and … Continue reading


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The minimum wage debate

By Kaye Foley Last week, Los Angeles became the largest city to set a minimum wage at $15 in the past year, following in the footsteps of Seattle and San Francisco. The increase won’t go into effect until 2020, but … Continue reading


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Rollback of U.S. spy powers would mark post-9/11 watershed

By Warren Strobel and Mark Hosenball WASHINGTON (Reuters) – At 3:59 p.m. EDT on Sunday, the National Security Agency and telecommunications companies will begin mothballing a once-secret system that collected Americans’ bulk telephone records, shutting down computers and sealing off … Continue reading


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Obama says ‘handful of senators’ blocking surveillance reforms

By Patricia Zengerle and Roberta Rampton WASHINGTON (Reuters) – U.S. President Barack Obama warned on Friday that surveillance powers used to prevent attacks on Americans could lapse at midnight on Sunday unless “a handful of senators” stop standing in the … Continue reading


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