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U.S. judge says cannot seize Kurdish crude for now

HOUSTON (Reuters) – A high-stakes dispute over a tanker carrying $100 million in Iraqi Kurdish crude took a surprising turn on Tuesday when a U.S. judge said she lacked jurisdiction given the ship’s distance from the Texas shore and urged that the case be settled in Iraq.

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Time almost up for Argentina to avoid debt default

BUENOS AIRES (Reuters) – Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing to either cut a deal by the end of the day with “holdout” investors suing it or win more time from a U.S. court to reach a settlement.



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IMF warns of potential risks to global growth

WASHINGTON (Reuters) – Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as 2 percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday.

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U.S. GMO crop companies double down on anti-labeling efforts

(Reuters) – One year after the launch of a social media effort to allay consumers’ concerns about the safety of foods made from genetically modified crops, U.S. companies that develop GMOs have further committed to a multimillion-dollar campaign to defeat attempts to add GMO labels to such foods.

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