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World stocks drift before US, China data

BANGKOK — Asia’s major stock markets were mostly lower Friday as nervous investors turned their focus to China after digesting a report showing a slowdown in Japanese industrial production. European shares, though, headed higher.

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Iran helps Syria ship oil to China

LONDON - Iran is helping its ally Syria defy Western sanctions by providing a vessel to ship Syrian oil to a state-run company in China, potentially giving the government of President Bashar al-Assad a financial boost worth an estimated $80 million.

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Opposition grows to Indonesia fuel price hike

Leading Indonesian political parties said on Friday they will oppose a government plan to raise fuel prices unless oil prices climb further, dealing a blow to the ruling party’s efforts to control a swelling budget deficit in Southeast Asia’s largest economy.

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US stock index futures slightly higher

· U.S. stock index futures pointed to a slightly higher open on Wall Street on Friday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.4 percent and Nasdaq 100 futures up 0.2 percent at 1007 GMT.

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Gulf Credit gives $25m credit line

Abu Dhabi’s Gulf Credit Partners, the regional credit business, which was recently launched by Gulf Capital, has successfully completed $25 million credit transaction, its first financing transaction for a locally based company SES FZCO.

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