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US sanctions against Venezuela scaring off banks

As the United States has quickly ratcheted up sanctions against Venezuela to pressure Nicolas Maduro, bankers say they are shying away from doing even legitimate business with the crisis-wracked oil-producing country for fear of getting caught in the crossfire. The sanctions target a...

Asian markets dive as ECB fans global growth worries

Asian markets tanked and the euro struggled to recover Friday as the European Central Bank's decision to slash its growth and inflation forecasts added to increasing pessimism about the global outlook. The announcement -- and an extension of stimulus -- is the latest warning of a lean road...