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Economic stimulus must be far reaching and effective

FROM ANISH PUTHENVILA MATHEW , Sungai Buloh, Selangor

U.S. lifts Iran sanctions on one unit of Chinese shipping giant COSCO

WASHINGTON (Reuters) - The United States on Friday lifted sanctions on one of two units of the giant Chinese tanker company COSCO, the Treasury said, partially reversing its punishment to the company for transporting Iranian oil after China raised the issue in trade talks with Washington.