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Business News Headlines

Oil down after Forties outage price surge

Brent oil fell on Wednesday as investors continued to sell off their positions following the shutdown of the major North Sea Forties crude and gas pipeline, which buoyed prices on Monday.

U.S. tells WTO of Chinese firms it says are state-backed

The United States has notified the World Trade Organization of seven Chinese companies that it says should have been flagged as state trading enterprises under the WTO rules, according to a WTO filing dated Nov. 29 and published on Wednesday.