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China's colleges prepare students for eSports boom

UniversitiesandcollegesinChinaarecreatingcoursestotrainstudentswhowanttocashinontheexplosivegrowthineSports.Videogamingisnotjustahobbythatcanconsumeenthusiastsf

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Bidding war heats up for $6 billion second Amazon HQ

It'stheprizeofalifetime-a5-billion-dollarinvestmentcreating50,000well-paidjobsthateveryonewants,butonlyoneUScitywillget.FromEasttoWest,fromNorthtoSouth,metropol

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Commentary: How money will divide Europe after Brexit

RightnowtheEuropeanUnionisunitedononethingaboveall:togetBritaintopayasbigadivorcebillaspossiblewhenitexitstheEU.Butwhilemoneywilluniteleadersatthisweek’sEuropea

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JPMorgan beats, shrugs off tough trading quarter

JPMorganChasereportedthird-quarterearningsonThursday,anditbeatWallStreetestimates.Thebankpostedearningsof$1.76ashare,abovethe$1.65consensus,withtheconsumerandco

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U.S. House passes 36.5-bln-USD disaster aid package

TheU.S.HouseofRepresentativesapproveda36.5-billion-USDdisasterreliefpackageonThursday,intendedtoaidrecoveryindisaster-ravagedU.S.statesandterritories.Thebill,wh

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Digital payments will benefit world economy, says Visa

Movingfromcashtodigitalpaymentswillprovideenormousdirectadvantagestoconsumers,businessesandgovernments,accordingtoresearchreleasedbyfinancialservicescorporation

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US insurer AIG records up to $2bn losses from Q3 disasters

AmericanInternationalGroup(AIG)expectsa2-billion-US-dollarhitinthethirdquarterofthisyearfollowingatrioofmajorhurricanesintheAmericasandacatastrophicearthquakein

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Russia's budget deficit slashed in 9 months

RussiaslasheditsbudgetdeficitintheperiodJanuarytoSeptemberbyover16percentcomparedtothesameperiodlastyear,theRussianFederalTreasurysaidonMonday.Thebudgetrevenuea

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Film-going zeal during holiday shows hope for annual box office

Chinesepeoplespentmoreatthemoviesduringtheeight-daynationalholidaythisyearthaneverbefore,withboxofficesreaping70percentmoreinincomecomparedtothesameperiodlastye

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China's unicorn companies close in on the US

ChinaiscanteringuptotheU.S.inthenumberofunicornshatchedinthenationeachyear,asignificantshiftwhichhasbrokenanearmonopolyontheoriginoftheworld’smostnotablebillion

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China diverts 10 billion cubic meters of water from south to north

Some53.1millionpeopleinnorthernChinahavebenefitedfromthecountry'smassivewaterdiversionprojectwhichhassofartransferred10billioncubicmetersofwaterfromthesouthtoth

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Citigroup to settle dispute with Lehman Brothers for $1.74 billion

CitigroupInc(C.N)andLehmanBrothersHoldingsIncresolvedafightover$2.1billionthatdatestothefinancialcrisiseraafterCitigroupagreedtogiveback$1.74billiontotheestateo

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China outbound M&As seen rising hopes of eased capital outflow curbs

ThevalueofChineseoverseasmerger-and-acquisition(MA)dealsjumpedinthethirdquarterafterseverallargetransactions,anddealmakersexpectcontinuedmomentumasrecoveringeco

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French gov't unveils budget of "economic transformation" for 2018

FrenchPresidentEmmanuelMacron'sgovernmentonWednesdaypresenteditsfirstbudgetwithbillionsofeuroscutinpublicspendingandtaxes.Thedraftbudget,presentedbytheFrenchmin

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iQiyi said to seek at least $8b value in IPO

BaiduInc'siQiyiistargetingaUSinitialpublicofferingassoonasin2018thatcouldvalueChina'smostpopularstreamingvideoserviceatmorethan$8billion,twopeoplefamiliarwithth

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Baidu's iQiyi eyes US listing, over $8 billion in valuation: Bloomberg

BaiduInc’svideostreamingservice,iQiyi,islookingforaninitialpublicofferingintheUnitedStatesasearlyasnextyear,whichcouldvalueitatmorethan$8billion,Bloombergreport

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AIA buys Commonwealth Bank's life insurance arm for $3 bln

HongKong-listedAIAGrouppurchasedthelifeinsurancearmofAustralia'slargestbank,CommonwealthBank(CBA),for3.8billionAustraliandollars(3billionUSdollars)inadealannoun