Crude oil at $50 a barrel is too low for most producing countries, according to United Arab Emirates Energy Minister Suhail Al Mazrouei.
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Los Angeles banker and film financier Steven Mnuchin, if he is confirmed as U.S. Treasury secretary, will sell his stakes in numerous hedge funds, investment vehicles and companies, including AT&T, Microsoft and Goldman Sachs, the firm where he started
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Xiaomi Corp., one of China's most valuable technology startups, is shooting for more than 100 billion yuan ($14.5 billion) of revenue in 2017, even as it pledged to slow its pace of business expansion and overhaul an online-focused retail strategy.
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For the second year in a row, New Jersey led the nation in home foreclosures in 2016, even as overall activity ebbed across the U.S.. The culprits: a significant backlog in cases stemming from New Jersey's cumbersome foreclosure process and the state's
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Investors have waited two months since Donald Trump's election victory to get more details on the next U.S. president's plan to unleash fiscal spending and spur economic growth.
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