Browsing Category News
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JPMorgan Q1 profits up 67%
JPMorgan Chase, the second largest bank by assets in the US, beat forecasts from Wall Street analysts by reporting a 67 percent rise in Q1 profits, bringing figures to $5.56bn comp... -
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BP Rosneft deal grows uncertain
The Russian half of the Russian-British TNK-BP joint venture is threatening to file a law suit for up to $10m against its parent company BP, saying BP breached its shareholder agre... -
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COO of Renault to step down over espionage claim
The COO of Renault, Patrick Pélata, resigned on Tuesday following an internal and external audit which showed ‘a chain of failures’ in the manner the car manufacturer handled ... -
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UK and Dutch to sue Iceland for Icesave money
The Netherlands and Britain are planning to take Iceland to court for refusing to repay money paid to Icesave depositors following the collapse of the country’s banking system in... -
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Precious metals reach record high in 31 years
Gold futures traded at a new record high on Friday and silver hit $40.04 an ounce for the first time since 1980 as concerns about the dollar weakening draws investors towards preci... -
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Portugal asks for EU bailout
Portugal’s caretaker government under José Sócrates last night requested an EU bailout, making Portugal the third EU member, after Ireland and Greece, to seek financial assista... -
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Commerzbank to repay 14.3bn euro aid by June
Commerzbank, Germany’s second largest lender said on Wednesday it plans to repay 14.3bn euro in state aid by June through the sale of new shares and the use of excess capital. T... -
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Portugal moves closer to bailout
Portugal’s long term government bond rating has been downgraded by Moody’s by a notch from A3 to BAA1, the credit agency said. Moody’s cautioned that it expects Portugal to ... -
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Vodafone to earn €7.95bn from SFR sale
Vodafone shares opened 2 percent higher this morning after the company announced it has agreed to sell its entire 44 percent stake in French mobile phone group SFR to Vivendi for a... -
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Xstrata agrees record coal price with Japan
Xstrata, one of the world’s biggest coal exporters, has come to an agreement from today to sell Australian thermal coal to Hiroshima-based Chucogu Electric Power for one year at ...
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