Stories By 'Reuters'
Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments.
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Hong Kong leader Carrie Lam on Tuesday signalled the end of a controversial extradition bill that she promoted and then postponed after some of the most violent protests since the former British colony returned to Chinese rule in 1997.
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UBS has lost a lead role on a US dollar bond deal for state-backed China Railway Construction Corp, just days after a Chinese outcry over a senior UBS economist’s use of “pig” in connection with Chinese food price inflation.
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A long-running criminal probe into diamond sales by Italian banks has uncovered what prosecutors say is further evidence of corruption by officials at UniCredit, Italy’s largest lender, and smaller rival Banco BPM.
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The US Federal Reserve, facing fresh demands by President Donald Trump to cut interest rates, is expected to leave borrowing costs unchanged at a policy meeting this week but possibly lay the groundwork for a rate cut later this year.
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Oil prices slipped more than 1 percent on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears stoked by attacks on oil tankers in the Gulf of Oman last week.
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China’s Huawei Technologies Co Ltd has taken a harder-than-expected hit from a US ban, the company’s founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year.
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Boeing suffered a fresh setback on the opening of the Paris Airshow on Monday as its engine supplier announced a delay for the US planemaker’s all-new 777X jet while Airbus launched a rival plane aimed at the middle of the market.
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Veteran striker Carli Lloyd scored twice as the United States beat Chile 3-0 on Sunday, sending the current holders into the last 16 at the Women’s World Cup despite some remarkable resistance from the opposition goalkeeper Christiane Endler.
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Hong Kong’s political crisis enters its second week on Monday as uncertainty mounts over the fate of government leader Carrie Lam and an extradition bill she postponed at the weekend.
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Iran said on Monday it would breach internationally agreed curbs on its stock of low-enriched uranium in 10 days—a move likely to strain already high tensions with Washington—but it added European nations still had time to save a landmark nuclear deal.
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