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New hope for NAFTA deal as high-level talks begin

The eighth round of North American Free Trade Agreement (NAFTA) negotiations have been suspended and high-level ministerial representatives will meet instead to push for a deal, it was announced Thursday. Canadian Foreign Minister Chrystia Freeland left for Washington earlier in the day...

Bahrain announces discovery of 80 bn barrels of oil

Bahrain on Wednesday announced its newly discovered shale oil reserve was estimated at more than 80 billion barrels, making the once-marginal oil producer potentially a major player in the market. The size of recoverable oil -- or oil that can be extracted -- is still under study, Oil...

Cyprus government makes deposit in Co-op Bank ahead of sale

The Cyprus government deposited Tuesday 2.5 billion euros ($3.1 billion) into the island-nation's troubled Cooperative Bank in an attempt to dispel any uncertainty over its future. Government Spokesman Prodromos Prodromou said he hoped the deposit, mainly in the form of a bond issue,...