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Exclusive: Russia expects to recover far less from 'bad bank' assets – sources

Russia will dramatically cut its estimate of the sum it expects to recover from a “bad bank” set up after the collapse of three major lenders, according to three sources familiar with new calculations being prepared for the central bank

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Exclusive: Russia expects to recover far less from 'bad bank' assets – sources

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Banned Chinese billionaire calls Australia 'a giant baby'

A Chinese billionaire barred from Australia on suspicions he is part of a Communist Party influence campaign has lashed out at Canberra, calling it a “giant baby” that hasn’t found its place in international politics. Huang …

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Banned Chinese billionaire calls Australia 'a giant baby'

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Nvidia shows off smaller artificial intelligence computer for Baidu car

(Reuters) – U.S. chipmaker Nvidia Corp showed off on Monday a smaller and more efficient artificial intelligence computer for self-driving cars, saying it would power Baidu's mapping and autonomous vehicle…

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Nvidia shows off smaller artificial intelligence computer for Baidu car

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Hanjin Shipping secures $45 million, more may take ‘considerable time’

SEOUL/SYDNEY (Reuters) – The chairman of Hanjin Group transferred 40 billion won ($36 million) to Hanjin Shipping on Tuesday to help unload cargo stranded on the troubled shipper's vessels, a spokesman said, but regulators warned securing further funds could take “considerable time”. The parent of Hanjin Shipping pledged last week to raise 100 billion won to help …

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Hanjin Shipping secures $45 million, more may take ‘considerable time’

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Brexit dents global economic outlook, fiscal stimulus ahead: Reuters poll

Confidence in prospects for the global economy has been dented following Britain's vote to leave the European Union, with a growing view that monetary policy is a fading force and many governments now need to borrow and spend, Reuters polls showed. The United States is entering…

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Brexit dents global economic outlook, fiscal stimulus ahead: Reuters poll

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OPEC sees oil market rebalancing in 2016, but Iran to counter non-OPEC decline

OPEC forecast on Monday that oil supply from non-member countries will post a larger-than-expected decline this year due to the collapse in prices, boosting the need for crude from the producer group. Supply outside the Organization of the Petroleum Exporting Countries (OPEC) would decline by 660,000 barrels per day (bpd) in 2016, led by the United States, OPEC said in a

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OPEC sees oil market rebalancing in 2016, but Iran to counter non-OPEC decline