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Turkey: Banking sector net profit hits $1.2B in Jan-Feb

Turkey: Banking sector net profit hits $1.2B in Jan-Feb

Turkish banking sector's net profit totaled some 6.48 billion Turkish liras ($1.22 billion) in January-February this year, the country's banking regulator said Friday. According to the Banking Regulation and Supervision Agency, total assets of the sector surged 19.4 percent year-on-year...

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Trump calls for OPEC to boost oil production, says price too high

Trump calls for OPEC to boost oil production, says price too high

U.S. President Donald Trump on Thursday called for the Organization of the Petroleum Exporting Countries (OPEC) to boost oil production to lower the price of the commodity. “Very important that OPEC increase the flow of Oil. World Markets are fragile, price of Oil getting too high. Thank...

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Asian markets hit by volatility as economy fears pervade

Asian markets hit by volatility as economy fears pervade

Asian markets were gripped by volatility Thursday as investors grow increasingly worried about the state of the global economy, sending them rushing to safe-haven assets and fuelling talk of possible recession. The pound was managing to hold its own despite another night of drama in...

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US trade deficit drops in January as imports from China fall

US trade deficit drops in January as imports from China fall

The US trade deficit dropped nearly 15 percent in January compared to December, largely due to declining imports from China, the Commerce Department reported Wednesday. Economists say the decline could help support growth in the first three months of the year, which would be a welcome...

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