Archive for the May 3, 2017
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British oil giant BP rebounded back into net profit in the first quarter, energised by deep cost-cutting and rising crude prices, the group revealed Tuesday. Earnings after tax stood at $1.45 billion (1.33 billion euros)
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A new virtual currency launched Tuesday aims to rival industry leader bitcoin by pegging its value to hard oil assets, a first in the rapidly growing digital money sector. The currency called "bilur" and created
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European manufacturers began the second quarter at a brisk pace, with the euro zone's factories increasing activity at the fastest rate in six years and Britain's still benefiting from a weak currency, surveys showed. The
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Germany's Bosch, the world's largest auto parts supplier, said Tuesday it had sold its subsidiary making starter motors and generators to a Chinese buyer. It did not disclose the price, but industry sources estimated it
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Greece and its creditors on Tuesday closed a troubled chapter on fiscal reforms with a preliminary deal on pension and tax cuts, offering hope for a debt relief agreement later this month. "This is a
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Greece and its creditors on Tuesday closed a troubled chapter on fiscal reforms with a preliminary deal on pension and tax cuts, offering hope for a debt relief agreement later this month. "This is a
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Factories across much of Asia got off to a solid start in the second quarter, buoyed by strong global demand, particularly for hi-tech gadgets which are leading a sizzling rally in electronics. Though China's manufacturing
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Pfizer reported slightly higher first-quarter net profit as growth in drugs such as the blood thinner Eliquis offset declines in products with expiring patents. Net income was $3.1 billion, up 2.7 percent from the year-ago
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Pfizer reported slightly higher first-quarter net profit as growth in drugs such as the blood thinner Eliquis offset declines in products with expiring patents. Net income was $3.1 billion, up 2.7 percent from the year-ago
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Saudi Arabia said Tuesday that it will issue a quarterly budget progress report for the first time as part of efforts to boost transparency while diversifying its oil-dependent economy. The world's biggest oil exporter is
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