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Wall Street ends lower as weak oil weighs

Wall Street ended on a sour note on Friday as a drop in energy stocks eclipsed wage data that supported expectations that the U.S. Federal Reserve might hold off on an interest rate. Exxon Mobil (XOM.N) shares dropped 4.58 percent … Continue reading

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Tumbling oil prices slam profit at Exxon Mobil, Chevron

Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude. Earnings at U.S. oil majors … Continue reading

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Puerto Rico will fail to make Aug.1 payment, signaling default

Puerto Rico will miss a payment on debt due Aug. 1, the governor’s chief of staff said on Friday, an event that will be considered a default by investors as the commonwealth lurches towards what could be one of the … Continue reading

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Pacific Rim free trade talks unlikely to end in deal: sources

LAHAINA, Hawaii Talks on a Pacific Rim free-trade pact are unlikely to end in a final deal, sources involved in the negotiations said on Friday, with a dispute between Japan and North America over autos, New Zealand digging in over … Continue reading

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How Pentagon war fund became a budget buster Washington can’t resist

WASHINGTON The number of U.S. troops deployed in battle zones is at its lowest level since before the 2003 invasion of Iraq. Still, Congress has authorized a 38 percent increase in the war budget over last year. The contradiction is … Continue reading

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Zimbabwe calls for extradition of Cecil the lion’s killer

HARARE The American dentist who killed Cecil the lion was a “foreign poacher” who paid for an illegal hunt and he should be extradited to Zimbabwe to face justice, environment minister Oppah Muchinguri said on Friday. In Harare’s first official … Continue reading

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Recovered plane debris flown to France for checks

ST DENIS, Reunion Plane debris which washed up on the Indian Ocean island of Reunion and is thought to belong to the vanished Malaysia Airlines Boeing 777 was flown to France on Friday for checks officials hope could provide some … Continue reading

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Greek PM defends controversial ‘Plan B’ for euro zone exit

ATHENS Prime Minister Alexis Tsipras acknowledged on Friday that his government had made covert contingency plans in case Greece was forced out of the euro, but rejected accusations that he had plotted a return to the drachma. Tsipras was forced … Continue reading

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Exclusive: China watchdog extends pursuit of short sellers to HK, Singapore

HONG KONG/SHANGHAI China is pressing foreign and Chinese-owned brokerages in Hong Kong and Singapore to hand over stock trading records, sources said, extending its pursuit of “malicious” short sellers of Chinese stocks to overseas jurisdictions. China’s main share markets, both … Continue reading

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U.S. stock futures slip amid lukewarm earnings, fall in commodities

U.S. stock index futures fell slightly on Friday following a spate of uninspiring corporate results and a drop in prices of crude oil and major industrial metals. * Oil prices fell after OPEC indicated there would be no output cuts … Continue reading

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