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Comcast drops pursuit for Fox assets

Comcast Corp has dropped its pursuit of a group of media assets owned by Twenty-First Century Fox Inc on which it was bidding against Walt Disney , and instead will focus on its offer for UK TV group Sky , the company said on Thursday.

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U.S. weekly jobless claims drop to more than 48-and-a-half-year low

The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in more than 48-1/2 years, as the labor market continues to strengthen.

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Dollar stays strong as China grabs for stimulus levers

The dollar stayed strong but stocks wobbled and metal markets buckled badly on Thursday, as signs that China was resorting to credit-fuelled stimulus again helped drive its currency to a one-year low.

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U.S. trade official downplays effects of new tariffs: CNBC

White House trade adviser Peter Navarro told CNBC on Thursday that U.S. President Donald Trump‘s trade strategy with China, which includes levying new tariffs that have sparked a trade clash, is not as disruptive as many describe.

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Putin warns that U.S.-Russia nuclear treaty will expire unless action taken

President Vladimir Putin warned of the dangers of Moscow and Washington failing to mend ties on Thursday, saying the START strategic arms reduction treaty would expire in a year and a half unless work on extending it started now.

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Putin says forces in U.S. trying to derail success of Trump summit

Russian President Vladimir Putin said on Thursday that certain forces in the United States were trying to undermine the success of his summit with U.S. President Donald Trump, but that the meeting had nevertheless been a positive start.

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Blackstone posts 55 percent rise in second quarter earnings per share

Blackstone Group LP , the largest manager of alternative assets such as private equity and real estate, said on Thursday second-quarter earnings per share rose 55 percent from one year ago.

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White House‘s Navarro: Trump‘s tariffs not as disruptive as headlines suggest

White House trade adviser Peter Navarro on Thursday told CNBC that U.S. President Donald Trump‘s trade strategy with China, which includes levying new tariffs that have sparked concerns of a trade war, is not as disruptive as many describe.

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EU readies new trade retaliation list before Trump visit

The European Union‘s trade commissioner said on Thursday she hopes an EU mission to Washington will ease a transatlantic trade dispute but the bloc is preparing a list of U.S. imports to hit if the United States imposes tariffs on EU cars.

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U.S. lawmakers set to grill Trump‘s consumer watchdog pick

Fireworks are expected in U.S. Congress on Thursday when lawmakers question Kathy Kraninger, a senior government official and President Donald Trump‘s pick to lead the consumer watchdog created after the 2007-2009 financial crisis.

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Exclusive: General Electric‘s power unit faces threat in Saudi Arabia

One of General Electric Co‘s largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation.

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Dollar gains, metals wane as China grabs for monetary easing

The dollar stayed strong but metal markets buckled badly on Thursday, as signs that China was resorting to credit-fueled stimulus again and trade jitters helped drive its currency to a one-year low.

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Forcing China on trade with illegal action will not work: EU‘s Malmstrom

The United States and the European Union should work together to reform the World Trade Organization and illegal action will not work to solve issues in international trade, EU Trade Commissioner Cecilia Malmstrom said on Thursday

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China says U.S. blaming Xi for blocking trade deal is ‘bogus‘

China said on Thursday comments made by a senior White House official blaming Chinese President Xi Jinping for blocking progress on a deal to avert a trade war were "shocking" and "bogus" accusations.

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Asian shares struggle as trade worries offset gains from Wall Street earnings

Asian shares on Thursday struggled to hold earlier gains made after upbeat Wall Street earnings, as trade war jitters rattled China‘s stock and currency markets, with the yuan hitting fresh one-year lows.

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Japan exports to U.S. fall, business mood sours amid fears of trade war

Japan‘s exports to the United States fell for the first time in 17 months and Japanese business sentiment soured amid worries about U.S. President Donald Trump‘s protectionist trade policies.

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Asian shares rise on U.S. earnings but trade worries rattle yuan

Asian shares extended early gains on Thursday as upbeat Wall Street earnings buoyed global investor sentiment, although trade war jitters pushed China‘s yuan to fresh one-year lows in both the onshore and offshore markets.

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Asian shares higher on U.S. earnings but trade worries rattle offshore yuan

Asian shares made early gains on Thursday as upbeat Wall Street earnings supported global investor sentiment, although trade war jitters pushed China‘s offshore yuan to a fresh one-year low.

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Trump urges Turkey‘s Erdogan to free jailed U.S. pastor

President Donald Trump on Wednesday called on Turkish President Tayyip Erdogan to "do something" to free American pastor Andrew Brunson, who has been jailed in Turkey on terrorism and spying charges.

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Turkish court keeps U.S. pastor in jail; Trump calls on Erdogan to act

A Turkish court decided on Wednesday to keep an American pastor in jail, dashing hopes that he could be released during his trial on terrorism and spying charges, a case that has deepened a rift with NATO ally Washington.

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California high court orders proposal to split up state removed from November ballot

The California Supreme Court on Wednesday ordered the November ballot purged of an initiative that seeks to split California into three states, citing significant questions raised about the proposal‘s validity.

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FCC votes to refer Sinclair Tribune merger to administrative judge

The U.S. Federal Communications Commission said late on Wednesday it had voted unanimously to refer Sinclair Broadcast Group Inc‘s 3.9 billion acquisition of Tribune Media Co to an administrative law judge, a blow to the firms‘ chances of winning approval.

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White House struggles to contain political outcry over Trump-Putin summit

The White House struggled on Wednesday to contain a political outcry and confusion over U.S. President Donald Trump‘s summit with Russian President Vladimir Putin, denying Trump ever meant to say that Moscow was no longer targeting the United States.

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Trump says he accepts DNI Coats‘ view that Russia meddling continues

U.S. President Donald Trump said in a television interview on Wednesday he accepted Director of National Intelligence Dan Coats‘ assessment that Russia continues to be a threat to U.S. elections.

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