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Libya’s NOC wary over oil ports deal ‘failure’

  Reuters Libya’s National Oil Corporation, which hopes to more than quadruple the country’s oil output by the end of this year, remains wary that promises to reopen blockaded ports could be broken, the NOC chief in Tripoli told Reuters. Libya’s U.N.-backed government has signed a deal with an armed brigade controlling the major Ras Lanuf and Es Sider oil ...

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Recession brings despair in China’s rustbelt

  Bloomberg The long-feared Chinese hard landing has become a reality in rustbelt Liaoning. The northeastern province, ground zero in China’s multi- year slowdown, saw its economy contract 1 percent in the first half of 2016 as factories splutter and the coal industry groans under the weight of overcapacity. But the hardship remains localized, with regional data for the first ...

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Indian stocks retreat for 4th day

  Bloomberg Indian stocks dropped the most in a month amid losses in emerging-market equities and as investors turned cautious before lawmakers began debating the unified sales tax bill. The S&P BSE Sensex tumbled 1 percent at the close in a fourth day of losses, the longest losing run in seven weeks. A gauge of mid-cap stocks had its steepest ...

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