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(Reuters) - Citigroup Inc said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to "rapidly evolving regulatory inquiries."

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WASHINGTON (Reuters) - A smaller trade deficit and surge in defense spending buoyed U.S. economic growth in the third quarter, but domestic demand slipped, hinting at some loss of momentum.

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DONETSK Ukraine (Reuters) - On a campaign trip, the leader of the self-proclaimed Donetsk People's Republic lit candles at a Russian Orthodox Church and kissed icons of Jesus and the Virgin Mary before dashing off to meet about 100 voters in a local factory.

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MADRID (Reuters) - Spain's Council of State on Thursday unanimously backed a move for the government to try to block a planned "consultation of citizens" on independence in the region of Catalonia on Nov. 9, a spokeswoman for the consultative body said.

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WASHINGTON (Reuters) - A smaller trade deficit and a surge in defense spending buoyed U.S. economic growth in the third quarter, but other details of Thursday's report hinted at some loss of momentum in activity.

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BEIJING (Reuters) - China and the United States agreed at a meeting earlier this month in Washington to speed up talks on a mutual reporting mechanism on major military operations and a code of safe conduct, China's Defense Ministry said on Thursday.

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JERUSALEM (Reuters) - Israeli police on Thursday shot dead a 32-year-old Palestinian suspected of having tried hours earlier to kill a far-right Jewish activist, leading to clashes in East Jerusalem and fears of a new Palestinian uprising.

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WASHINGTON (Reuters) - A robust pace of business spending likely buoyed U.S. economic growth in the third quarter, a sign corporate chieftains have confidence in the sustainability of the recovery.

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BEIRUT (Reuters) - About 10 Iraqi Kurdish peshmerga fighters entered the Syrian town of Kobani through the border crossing with Turkey on Thursday, the Britain-based Syrian Observatory for Human Rights said.

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``The Financial Select Sector SPDR (XLF), an exchange-traded fund targeting banks and investment firms, had the biggest withdrawal last week since 2009 amid concern that low interest rates and market swings will hurt profits.''

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JERUSALEM (Reuters) - Israeli police shot dead a Palestinian on Thursday after he fired at them resisting arrest in East Jerusalem hours after the attempted assassination of a far-right Israeli activist, police said.

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SINGAPORE (Reuters) - The United States is working closely with the Iraqi Kurdistan Regional Government to clamp down on oil smuggling in a bid to cut off a key source of funding for Islamic State, a senior U.S. official said on Thursday.

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WASHINGTON (Reuters) - Immigration activists close to the White House worry that President Barack Obama could delay or scale back executive actions on immigration that he has promised to take before the year ends.

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The Fed stopped buying bonds to help the economy recover from its worst disaster since the Great Depression. So we're taking this opportunity to remember what happened 85 years ago today. October 29, 1929, or Black Tuesday, was the most devastating crash in the United States stock market history. Interesting tidbit? The number of shares trading hands on the New York Stock Exchange that day set a record not broken for 40 years. And they were trading by hand!

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The American fossil-fuel boom has spawned debates on what to do with this wealth. Ohio finds itself in the middle of one right now. The state’s Republican governor, John Kasich, is proposing to raise oil and gas taxes, to ensure the riches don’t all go to workers and companies based out of state. “His view is, this is some sort of a rip-off,” says Ohio State economist Mark Partridge. “That these energy resources are transported out of the state of Ohio, used and refined in other places. And all the profit and wealth goes to these other places and it leaves Ohio.” By most measures, Ohio’s taxes on energy production are low. They’re less than 1 percent, compared to 7 percent in Texas, 11 percent in Wyoming, and 25 percent in Alaska. Kasich wants to raise state taxes to 2.75 percent or even higher. Drilling companies threaten to leave and go to low-tax states. But that hasn’t happened historically. A study by Headwaters Economics notes “the academic literature generally disagrees that tax competition is important to oil production.” “The decisions on where to drill are not going to be determined by comparing different states,” says Michael Levi of the Council on Foreign Relations and author of "The Power Surge: Energy, Opportunity, and the Battle for America's Future." “They’re going to be determined on a location-by-location basis, on whether a profit can be made." Governments that tax oil and gas taxes use the money in different ways. Some, like Norway, store it away for future generations in sovereign wealth funds. Other spend it on roads damaged by drilling, or invest in education. Governor Kasich of Ohio wants to cut taxes, which spreads the energy wealth. But Mark Haggerty at Headwaters Economics worries that makes the state budget more dependent on taxes from fossil fuels – a boom and bust sector. “In fact, what you’re doing is actually creating a less stable tax base for the state going forward into the future,” Haggerty says. And the future is the whole question: how to take today’s riches and plant them in the right place.

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WASHINGTON (Reuters) - Saying she will not be bullied by politicians, a Maine nurse is giving the state an ultimatum: lift her Ebola quarantine by Thursday or she will disregard the restrictions and go to court.

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KONA Hawaii (Reuters) - A slow-moving river of molten lava from an erupting volcano crept across a residential property on Hawaii's Big Island early on Wednesday after incinerating an outbuilding as it threatened dozens of homes and businesses at the edge of a seaside town.

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WASHINGTON (Reuters) - The Federal Reserve on Wednesday ended its monthly bond purchase program and dropped a characterization of U.S. labor market slack as "significant" in a show of confidence in the economy's prospects.

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WASHINGTON, (Reuters) - The Federal Reserve on Wednesday ended its monthly bond purchase program and signaled confidence the U.S. economic recovery would remain on track despite signs of a slowdown in many parts of the global economy.

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WASHINGTON (Reuters) - International Business Machines Corp announced on Wednesday a partnership with Twitter to use data collected from tweets published around the world to help shape business decisions.

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DETROIT (Reuters) - Fiat Chrysler Automobiles NV's Chrysler Group said on Wednesday it is recalling 381,876 Ram trucks mostly in the United States to correct a potential fire hazard.

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