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Bank of America’s quarterly profit rises 9.8 percent

/  19.01.2016  /  Business 

(Reuters) – Bank of America Corp reported a 9.8 percent rise in profit for the final quarter of the year, helped by lower expenses.

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U.S. companies likely to take further big hits from Venezuela economic turmoil

/  19.01.2016  /  Business 

BOSTON (Reuters) – A slew of major U.S. corporations are likely to announce in the next few weeks whether they will take big writedowns for their troubled Venezuela operations, and some may say they are leaving the country altogether.

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Renault plans engine software patch to cut diesel emissions

/  19.01.2016  /  Business 

PARIS (Reuters) – French carmaker Renault will announce measures in March to reduce real-world emissions of nitrogen oxide (NOx) pollutants from its latest diesel vehicles, Chief Competitive Officer Thierry Bollore said on Tuesday.

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IMF cuts global growth forecast as China, falling oil prices weigh

/  19.01.2016  /  Business 

WASHINGTON (Reuters) – The International Monetary Fund cut its global growth forecasts for the third time in less than a year on Tuesday, citing a sharp slowdown in China trade and weak commodity prices that are hammering Brazil and other emerging markets.

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IEA says oil market to remain oversupplied until late 2016

/  19.01.2016  /  Business 

(Reuters) – Unseasonably warm weather and rising supply will keep the crude oil market oversupplied until at least late 2016, the International Energy Agency said in its monthly report on Tuesday.

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Credit Agricole confirms regional bank plan to boost capital

/  19.01.2016  /  Business 

PARIS (Reuters) – Credit Agricole SA on Tuesday confirmed a report that it was looking at the possibility of selling stakes in over three dozen regional banks, saying it would bolster its capital and help finance dividends.

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A $59 trillion tailwind spurs governance changes in Asia firms

/  19.01.2016  /  Business 

SINGAPORE (Reuters) – A surge in socially responsible investments to $59 trillion globally over the past decade is nudging Asian firms to change a notoriously insular management style to one that actively addresses corporate governance concerns.

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EU loses WTO case, China could seek trade sanctions

/  19.01.2016  /  Business 

GENEVA (Reuters) – China could demand trade sanctions against the European Union after winning an appeal on Monday in a dispute at the World Trade Organization over EU tariffs imposed on Chinese imports of screws, nuts and bolts made of iron or steel.

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Petronas to slash spending by $11.41 billion over four years: WSJ

/  19.01.2016  /  Business 

KUALA LUMPUR (Reuters) – Malaysia’s Petroliam Nasional Bhd (Petronas) [PETR.UL] is planning to slash as much as 50 billion ringgit ($11.41 billion) in capital and operating expenses over the next four years, the Wall Street Journal reported on Tuesday.

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Prudential posts capital ratio of 190 percenty at end-June 2015

/  19.01.2016  /  Business 

LONDON (Reuters) – British insurer Prudential Plc said on Tuesday its solvency capital ratio was 190 percent on June 30, 2015 under new European rules for insurers.

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