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Archive for February, 2010
February 16, 2010 12:34 am
Banking giant Barclays has seen its full-year profits increase by 92% to £11.6bn in 2009. The figure was boosted by the sale of its BGI fund management arm to US firm BlackRock last year.
Stripping this out, profits were £5.3bn with £2.5bn coming from its Barclays Capital investment banking business.
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Categories: Bank, Market News, US Markets
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The Dubai-owned airline Emirates has announced a 60m-euro (£52m, $82m) sponsorship deal with AC Milan.
The four-year deal, due to begin in July, will see Emirates become Serie A team AC Milan’s shirt sponsor in place of the Austrian betting
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Categories: Money, US Markets, World Economy
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China has ordered banks to increase their reserves for a second time this year, as lending is curbed in a bid to stop the country’s economy overheating.
Analysts had expected the central bank to increase reserve levels again, but were surprised it ordered a second increase so soon after
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Categories: Market News, US Markets, World Economy
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Japan’s economy grew by a better-than-expected 1.1% in the final quarter of last year, according to official figures.
This is the equivalent of an annualized increase of 4.6%. However, despite the growth in October to December, the economy contracted
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Categories: US Markets, World Economy
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February 5, 2010 10:43 am
Air Products and Chemicals launched an unsolicited $5.1-billion cash bid to buy rival Airgas Friday in a move to create the largest industrial gas company in North America. Airgas shares jumped 42 percent in premarket trading.
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Categories: Market News, US Markets
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Toyota President Akio Toyoda has apologised for the recall of millions of cars across the world and pledged to set up a new quality control committee.
Mr Toyoda said he was “deeply sorry” for the recalls and admitted Toyota faced “a moment of crisis”. He added the firm was still deciding
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Categories: Market News, US Markets
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BG Group said its pre-tax profits fell to £857m ($1.4bn) in the three months to the end of December 2009 from £1.3bn in the same period a year ago.
Full year profits for the UK gas producer were down to £3.9bn in 2009,
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Categories: Market News, US Markets
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JPMorgan Chase, which reported $11.7 billion in profit in 2009, awarded Chief Executive Jamie Dimon a compensation package worth about $16 million.
Bankers’ compensation has been a hot-button issue amid the financial
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Categories: Market News, US Markets
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