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Treasury chief may visit China as trade tensions simmer

WASHINGTON U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world's two largest economies, as international policymakers acknowledged Beijing needs to change its trade practices.

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European oil sector upgraded to overweight at UniCredit

UniCredit upgraded its rating on Europe's Oil & Gas index to overweight on Friday, adding to growing optimism from brokers and investors that share prices in the sector could catch up with the rise in crude oil prices to three-year highs.

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