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Argentina peso sell off stops as investors await government plan

Eitan Abramovich | AFP | Getty Images Currency exchange values are seen in the buy-sell board of a bureau de change in the financial district of Buenos Aires. The Argentinian peso opened Friday trading in a calmer fashion after a traumatic two days that saw the currency shed 20 percent …

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Turkish lira sinks after reports that a key central bank member could resign

Ismail Ferdous | Bloomberg | Getty Images Pedestrians pass a giant Turkish national flag hanging above a DenizBank AS bank branch in Istanbul, Turkey, on Tuesday, July 19, 2016. Turkey’s central bank slowed the pace of interest rate cuts at its meeting on Tuesday after the failed coup attempt triggered …

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High probability ‘we’re in the end game for dollar strength’

Mary F. Calvert | Reuters Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on the “Semiannual Monetary Policy Report to Congress,” at the Rayburn House Office Building in Washington, U.S., July 18, 2018.  Mike Bell, investment strategist at J.P. Morgan Asset Management, told CNBC on …

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Merkel reportedly wants a German for the EU’s top job

Mikhail Svetlov | Getty Images News | Getty Images GRANSEE, GERMANY – AUGUST 18: German Chancellor Angela Merkel speeches during her meeting with Russian President Vladimir Putin (not pictured) at Meseberg governmental house August 18, 2018 in Gransee, Germany. Chancellor Angela Merkel won’t push for a German to be the …

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Auto stocks drop globally on weak outlook from German tire maker, Trump threat

Luke Sharrett | Bloomberg | Getty Images A worker loads automotive tires onto a conveyor belt at the Continental Tire Sumter plant distribution warehouse in Sumter, South Carolina. A fresh profit warning from the world’s second-largest automotive parts supplier is pressuring a number of auto-related stocks across Europe and the …

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Italy prepares a new budget, while some experts prepare for the worst

Andreas Gebert | Getty Images News | Getty Images Italian Interior Minister Matteo Salvini speaks during a statement after a bilateral meeting prior to the European Union member states’ interior and justice ministers conference on July 11, 2018 in Innsbruck, Austria.  Italy has now turned into the weak link of …

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Oil market could see a diesel fuel resurgence, analysts say

VCG | Getty Images  An oil tanker sits beside transfer pipes at a terminal as it prepares to unload its cargo of fuel on July 4, 2018 in Zhoushan, China.  A much-anticipated shipping revolution could spark a dramatic upswing in diesel fuel demand over the coming months, energy analysts have …

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Amazon in talks about UK insurance comparison website: Reuters

Patrick Fallon | Bloomberg | Getty Images Jeff Bezos, chief executive officer of Amazon.com Inc. Amazon is speaking with a number of leading European insurers about the creation of a price comparison website in the U.K., Reuters reported Thursday. The report, which cited three executives within the insurance industry, said …

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Italian Freeway bridge collapses near Genoa with dozens reported dead

Luca Zennaro Rescuers at work amid the rubble after a highway bridge collapsed in Genoa, Italy, 14 August 2018. A large section of the Morandi viaduct upon which the A10 motorway runs collapsed in Genoa on Tuesday.  At least 11 people are reported to have died after a freeway bridge …

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Italy, not Turkey, is the biggest threat to European banks, strategist says

Krisztian Bocsi | Bloomberg | Getty Images The euro sign sculpture stands outside the former European Central Bank (ECB) headquarters in Frankfurt, Germany, on Sunday, July 3, 2016. Investors are wary of rises in pensions and state benefits, given that Italy already has a significantly high public debt pile — …

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