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Oil Edges Higher as Middle East Tensions Linger: Markets Wrap

Oil opened slightly higher as traders weighed renewed Israeli attacks on Lebanon and the prospect of fresh US sanctions on Iran ahead of the formal end of the ceasefire due Monday.

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Larger part for yuan in trade

Beijing is stepping up efforts to widen the role of the yuan in international trade, allowing its domestic commercial banks to expand direct settlement arrangements with a growing number of foreign…

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