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Cost cutting Royal Dutch Shell to halt operations in up to 10 countries
Royal Dutch Shell is to end oil and gas operations in up to 10 countries as it further reduces spending. The accelerated cost cutting comes as Europe’s largest oil company narrows its focus after buying the BG Group (formerly British...
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What is a bull market?
The Canadian economy seems to be on a roll. We've finally returned to a bull market. So what exactly is that?
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Rosneft’s quarterly net profit falls 75 percent
Russia’s Rosneft saw its net profit slashed by 75 percent between Jaauary and march from the same period last year because of weak crude oil prices. But the shares of the country’s top oil producer rose in Moscow on Wednesday because it...
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Bayer ‘confident’ Monsanto offer will be accepted
Germany’s Bayer has offered to buy US seeds company Monsanto for $62 billion (55 billion euros) in cash. Bayer – which makes medicines and crop chemicals – is pushing ahead with the deal despite criticism from some of its own...
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OECD pessimistic about global growth, blames rich world governments
The world is stuck in a “low-growth trap” according to the Organisation for Economic Cooperation and Development. In its latest twice-yearly review, the OECD said with businesses wary of investing and consumers cautious about spending,...
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Twitter 140 character tweet limit to end – report
Twitter users will reportedly soon be able to write longer tweets. According to the report by Bloomberg that is because the social media platform is about to stop including photos and links to websites as part of its 140 character limit....
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Vodafone’s underlying earnings rise, losses through Luxembourg tax hit
Mixed results from Vodafone, the world’s second-largest mobile phone operator. The British based company posted full-year underlying earnings – before interest, tax, depreciation and amortisation – that were up 2.7 percent at 11.6...
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Egyptian shares fall after plane’s disappearance
News of the disappearance of an Egyptair plane enroute from Paris to Cairo caused a sharp sell-off of shares on the Cairo stock exchange on Thursday. Analysts said investors were concerned about the potential impact on tourism and on the...
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No interest rate change expected from Federal Reserve policy meeting
Federal Reserve officials are all but certain to leave the cost of borrowing unchanged at their two-day policy meeting that ends on Wednesday. The US central bank – which raised rates last December for the first time in nearly a decade –...
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As iPhone sales slide, what is Apple’s next big money maker?
Apple has announced its first-ever fall in iPhone sales and first revenue drop in more than a decade. The problem is expectations are high after 51 consecutive quarters of uninterrupted sales growth. Technology analyst Frank Gillett with...
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VW warns of big challenges ahead
The Volkswagen group has said it is confident of posting solid growth this year despite the diesel emissions scandal. The upbeat message came from Chief Executive Matthias Mueller at VW’s annual news conference, delayed for weeks while...
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Turkish financial markets remain nervous over political turmoil
Turkey’s financial markets were initially badly spooked by the political situation on Thursday. The first reaction was a drop in share prices by the most in five months and an increase in the amount of interest on Turkey’s government...
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No crude freeze deal, what does it mean for the oil industry?
OPEC and non-OPEC producers on Sunday failed to reach a deal to freeze oil output. For background and analysis euronews’ reporter Natalia Marshalkovich spoke with Spencer Welch, a director with IHS Energy in London. Euronews: “Why...
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Iran promises oil production increases despite supply glut low prices
Iran’s refusal to take part in the capping of oil output doomed the Doha deal as Tehran pushes ahead with plans to increase the amount of crude it pumps. The Iranians insist they are justified in not freezing output in order to regain...
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Captain America: Civil War opens soon in N. America
Canadian actress Emily VanCamp talks about her role in the latest Marvel superhero movie
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Takata airbag recall costs could total 21 billion euros
Twenty one billion euros is the bill Japan’s Takata could face for a recall of all of its potentially faulty airbag inflators. A report by Bloomberg quotes that figure from a source in the company and says more than 287 million inflators...
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LSE and Deutsche Boerse go to the altar again but NY may steal the bride
European traders are wondering if it will be third time lucky after previous failed attempts, but the London and Frankfurt stock exchanges have again announced they intend to merge in a deal worth 27 billion euros. The aim is to create a...
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Former Porsche boss cleared of market manipulation in VW takeover attempt
The former chief executive of luxury carmaker Porsche, Wendelin Wiedeking, has been acquitted of alleged stock market manipulation, along with its ex-chief financial officer Holger Haerter. The court case arose from Porsche’s...
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Zara owner Inditex to slow shop openings in online sales move
Inditex has said it will slow the pace of new shop openings as it moves more towards online sales. The owner of brands Zara, Massimo Dutti and Bershka will aim for new sales space growth of six to eight percent in coming years....
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Is a deficit a bad thing?
How big is too big when it comes to deficits? Is there a point where the billions just add up to too much?
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Commodity markets rout slams miner Glencore’s profit
Mining company and commodity trader Glencore has revealed that 2015 was a grim year with profit down by almost a third as prices for copper, nickel, zinc, iron-ore and coal slumped to multi-year lows. As a result the Swiss-based group is...
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OPEC oil output cut very unlikely at June meeting, Iran’s situation unclear
OPEC is very unlikely to cut oil output at its next meeting in June, even if crude prices remain extremely low, according to OPEC sources and delegates speaking with the Reuters news agency. Saudi Arabia, Qatar, Venezuela and non-OPEC...
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State of the Union: Italy crisis puts EU on edge
In this edition of State of the Union: the Belgian city of Liege mourns the deaths of three people, including two police women, killed in terrorist attack, and Italy’s political turmoil puts the EU on edge. Click on the image above to...
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Global market turmoil
Ron Charles reports on the wild ride for global stocks as investors react to the selloff in China