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Israel ex-PM Olmert sentenced to 8 months for corruption

Jerusalem (AFP) – Former Israeli prime minister Ehud Olmert was sentenced to eight months in prison for corruption on Monday, the latest legal blow in a spectacular fall from grace….

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Only Iran is confronting Islamic State, paramilitary chief says

DUBAI (Reuters) – The general in charge of Iran's paramilitary activities in the Middle East said the United States & other powers were failing to confront Islamic State, & only…

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U.N. urges Lebanon to pick president, end political vacuum

BEIRUT (Reuters) – A United Nations envoy urged Lebanon's feuding political leaders to pick a new president, warning on Monday that the country's year-long power vacuum had undermined its ability…

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US defense chief's criticism of Iraqis raises questions

WASHINGTON (AP) — The Islamic State group’s takeover of the Iraqi provincial capital Ramadi has prompted criticism from Defense Secretary Ash Carter & raised new questions approximately the Obama administration’s…

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Star managers battered by rocky ride in yields, currencies

By Jennifer Ablan NEW YORK (Reuters) – Some of the biggest names in the investment world have been whipsawed by the recent rise in global yields & the strength in…

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Fed's Williams expects above trend U.S. growth rest of the year

SINGAPORE (Reuters) – San Francisco Fed President John Williams said on Thursday he expects above-trend economic growth in the United States for the rest of the year after a weak…

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Oil rises as dollar dips, eyes on U.S. stocks data

By Christopher Johnson LONDON (Reuters) – Oil prices recovered on Thursday after a two-day slide as the dollar weakened, making fuel less expensive for holders of other currencies. The dollar…

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No change in Greek debt talks after another day of spin

BRUSSELS (Reuters) – The euro leapt, Greek bond yields fell, global financial markets brightened, yet nothing actually changed in another day of conflicting statements on Greece's long-running debt talks with…

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China May official factory PMI seen lackluster despite stimulus moves

BEIJING (Reuters) – China's factories struggled to expand in May despite recent interest rate cuts & other policy stimulus, a Reuters poll showed, suggesting the government may have to do…

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Dollar momentum wanes, China stocks take heavy tumble

By Marc Jones LONDON (Reuters) – The dollar took a breather on Thursday after hitting its highest level against the yen since 2002, & stocks stuttered as high-flying Chinese shares…

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