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    Argentina bets on $600m satellite to boost agriculture sector

    Reuters . Buenos Aires | Updated at 12:00am on September 23, 2018

    Argentina is launching a new microwave imaging satellite to monitor natural disasters and soil moisture, in a long-term bid to bolster the farm sector, an industry that has historically been the backbone of the country’s economy....

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    China more confident after stabilising yuan

    Reuters . Shanghai/Beijing | Updated at 12:00am on September 23, 2018

    China’s ability to stabilize the yuan in recent weeks despite weak economic data and a further escalation in its trade war with the United States is reinforcing expectations that the central bank will cut banks’ reserve ratios again within weeks....

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    Receding trade fears propel stocks to six-month peak

    Reuters . New York | Updated at 12:00am on September 23, 2018

    The US dollar rebounded and world shares hit a six-month high on Friday after China’s moves to boost domestic consumption bolstered a rally driven by investor bets the latest US-China trade fracas was unlikely to dent global growth....

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    Caterpillar leans on old playbook to cope with Trump tariffs

    Reuters . Clayton | Updated at 12:00am on September 23, 2018

    Six months into the US tariffs on imported aluminium and steel, Caterpillar Inc is finding that one of the best ways it can protect profits is a cost cutting strategy that is more than two years old....

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    Comcast, Fox take $34 billion battle for Britain’s Sky to the wire

    Reuters . London | Updated at 12:00am on September 23, 2018

    Comcast and Twenty-First Century Fox face a quick-fire auction for British broadcaster Sky on Saturday after neither side backed down in a drawn-out $34 billion battle....

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    OPEC, allies struggle to pump more oil as Iran supply falls

    Reuters . Algiers | Updated at 12:00am on September 23, 2018

    OPEC and its allies reduced oil output in August as a drop in Iranian supply due to US sanctions derailed their attempts to raise production to agreed levels, delegates said on Saturday as the energy producers prepared to hold talks in Algiers....

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    No-deal Brexit would have limited impact on German labour market: report

    Reuters . Berlin | Updated at 12:00am on September 23, 2018

    Chancellor Angela Merkel’s government expects the impact of a no-deal Brexit on the labour market in Europe’s biggest economy would be ‘relatively small’, the German newsmagazine Der Spiegel said on Saturday....

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    General Electric says blade problem affects more gas turbines

    Reuters | Updated at 12:00am on September 23, 2018

    General Electric Co said on Friday that turbine blade oxidation which forced Exelon Corp to idle four electric power units in Texas also affects another model, widening the impact of the latest problem to hit GE’s ailing power unit....

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    PRAN signs $5m export deal with Netherlands

    Business Desk | Updated at 12:00am on September 23, 2018

    Engel Foreign Food, a chain shop of the Netherlands, will purchase products worth of $5 million from PRAN, said a press release....

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    China cancels US talks, WH optimistic on Beijing trade

    Reuters . Washington | Updated at 12:00am on September 23, 2018

    The United States is optimistic about finding a way forward in its trade dispute with China, but it does not have a date scheduled for further talks as it assesses Beijing’s response to the latest round of tariffs, a senior White House official said on Friday....