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Market Update  

- By William Watts, MarketWatch Worries about debt sustainability, global backdrop underline concerns Call it a happier sort of "Grexit." Greece's eurozone partners on Friday cleared the wa...
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Business News  

OPEC countries to pump more oil to contain price increase
(AP Photo - Ronald Zak)
By KIYOKO METZLER
From Associated Press
June 22, 2018 11:35 AM EST

VIENNA (AP) — The countries of the OPEC cartel agreed on Friday to pump 1 million barrels more crude oil per day, a move that should help contain the recent rise in global energy prices.

PHOENIX (AP) — The human backup driver in an autonomous Uber SUV was streaming the television show "The Voice" and looking downward just before fatally striking a pedestrian in suburban Phoenix, according to a police report.

WASHINGTON (AP) — The Latest on America's disputes with its trading partners (all times local): 11:55 a.m. Germany's powerful auto lobby group is warning against an escalation of the trade dispute with the United States after President Donald Trump's latest threat to raise tariffs on imported cars.

BRUSSELS (AP) — The European Union started enforcing tariffs Friday on American imports like bourbon, peanut butter and orange juice, part of a growing global trade rift that's likely to intensify over the next few weeks.

NEW YORK (AP) — U.S. stocks are rising Friday morning as energy companies climb along with the price of oil. Oil producers in OPEC agreed to produce more oil, a step investors have expected for the last few weeks.

ATHENS, Greece (AP) — Europe has agreed on a plan to finally shepherd Greece out of its bailout program and keep it afloat in coming years.

BERLIN (AP) — TV weather presenters around the world have teamed up to highlight the impact of climate change by wearing ties, pendants and badges with "warming stripes" while on air.

VIENNA (AP) — The Latest on the OPEC meeting on oil production (all times local): 3:45 p.m. Countries in the OPEC oil cartel have agreed to a new oil output level that effectively increases production by almost 1 million barrels per day.

LONDON (AP) — It's been two years since the shoppers and traders of London's Romford market voted by a wide margin for their country to leave the European Union.

LONDON (AP) — Aviation giant Airbus is threatening to leave Britain if the country exits the European Union without an agreement on trade relations, underscoring the concerns of business leaders who say the government is moving too slowly.

ATHENS, Greece (AP) — Greece's prime minister pledged Friday to stick to agreed reforms and budget targets after international creditors announced debt relief measures to wean the country off its eight-year bailout program, which ends in two months.

SEOUL, South Korea (AP) — Global stocks and oil prices were higher Friday as investors monitored OPEC's discussion on increasing crude production.

KUALA LUMPUR, Malaysia (AP) — Malaysia has named Nor Shamsiah Mohamad Yunus, an experienced former central bank official, as the new central bank governor.

WASHINGTON (AP) — The United States attacked first, imposing tariffs on steel and aluminum from around the globe and threatening to hit tens of billions of dollars in Chinese products.

ATLANTIC CITY, N.J. (AP) — The Meadowlands Racetrack plans to bring legal sports betting to New York City's doorstep next month. Jeff Gural, who manages the northern New Jersey track, tells The Associated Press that he plans to begin offering sports betting on July 15.

NEW YORK (AP) — Intel CEO Brian Krzanich resigned after the company learned of what it called a past, consensual relationship with an employee.

DETROIT (AP) — Because these days you can't have too many SUVs, General Motors is bringing back the Chevrolet Blazer. Only this time it's not a thirsty and boxy truck like its predecessor, one of the original SUVs that was sold from the 1982 through 2005 model years.

LUXEMBOURG (AP) — Eurozone nations agreed on the final elements of a plan to get Greece out of its eight-year bailout program and make its massive debt more manageable.

SAN FRANCISCO (AP) — A Northern California utility said Thursday it expects to pay at least $2.5 billion in connection with deadly wildfires that whipped through wine country last October — some of them ignited by its fallen power lines.

WASHINGTON (AP) — The Federal Reserve says that all of the 35 largest U.S. banks are fortified enough to survive an economic shock and keep on lending.

WASHINGTON (AP) — States will be able to force more people to pay sales tax when they make online purchases under a Supreme Court decision Thursday that will leave shoppers with lighter wallets but is a big financial win for states.

NEW YORK (AP) — Attention shoppers: You may soon be paying more taxes on what you put in your online cart. The Supreme Court ruled Thursday that states can require online retailers to collect sales tax on purchases that come from states where they don't have any shops, offices or warehouses.

WASHINGTON (AP) — The Latest on the U.S. Supreme Court ruling that states can force online shoppers to pay sales tax (all times local): 5:15 p.m.

LOUISVILLE, Ky. (AP) — Much of the rye whiskey aging in hundreds of barrels at Catoctin Creek Distillery in Virginia could end up being consumed in Europe, a market the 9-year-old distilling company has cultivated at considerable cost.