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September, 25, 2016

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Business > Global Markets
Crude prices rose in Asia Tuesday after Russia and Saudi Arabia pledged to work on addressing a global supply glut, but analysts said gains would be limited after the two sides provided scant detail about their plans.
 
China agrees on steps to reduce steel exports
China agreed to steps toward reducing its politically volatile steel exports but avoided binding limits as leaders of major economies ended a summit Monday with a forceful endorsement of free trade and a crowded agenda that included the Koreas, Syria and refugees.
 
London's stock market fell Monday on a rallying pound, while eurozone indices rose further after a pre-weekend surge triggered by well-received U.S. jobs data.
 
Oil prices weakened further Thursday with sentiment weighed down by a sharp rise in U.S. crude stockpiles, dealers said.
 
China tells G-20 to avoid 'empty talk' as summit opens
Leaders of the world's biggest powers met Sunday to try to revive the sluggish world economy, with their host Chinese President Xi Jinping urging them to avoid "empty talk."
 
The head of the International Monetary Fund on Thursday called on global leaders to take "forceful" action to revive the world economy, sounding a stark warning ahead of this weekend's G-20 summit.
 
European and Asian stock markets mostly rose Friday and the dollar firmed before key U.S. jobs data set to determine whether the Fed hikes interest rates before the end of the year.
 
Oil prices edged up Friday on bargain-buying and a weaker dollar after another slump fueled by a surge in U.S. stockpiles and worries about an upcoming meeting to tackle a global supply glut.
 
Europe's main stock markets rebounded on Thursday following a weak finish to August, as traders digested worldwide manufacturing numbers.
 
Oil prices weakened further Thursday with sentiment weighed down by a sharp rise in U.S. crude stockpiles, dealers said.
 
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