Cisco shares up sharply in relief rally after earnings
[Reuters] 16 May, 2013
(Reuters) - Shares of Cisco Systems Inc rose as much as 14 percent on Thursday, a day after the company reported quarterly results and financial targe ...
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Prospects improve for UK sale of Lloyds bank stake
[Reuters] 16 May, 2013
EDINBURGH (Reuters) - Britain's largest retail bank Lloyds expects to return to profit this year, increasing the government's chances of sel ...
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SocGen's Russia unit CEO faces seven years on bribery allegations
[Reuters] 16 May, 2013
MOSCOW (Reuters) - The head of Societe Generale's Russian unit Rosbank faced up to seven years in jail for bribery on Thursday after Russian inve ...
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Glencore in control as Xstrata cleared from board
[Reuters] 16 May, 2013
LONDON/ZUG, Switzerland (Reuters) - Glencore bosses tightened their grip on the newly enlarged miner and trader on Thursday, as shareholders voted out ...
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11 dengue cases reported in Karachi during last 2 days
[Business Recorder] 16 May, 2013
KARACHI: At least eleven cases of patients suffered with dengue fever have been reported during the last two days at different hospitals of the city.A ...
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Hess offers three board seats to Elliott, ends proxy fight
[Reuters] 16 May, 2013
(Reuters) - Activist investor Elliott Management will settle for three seats on the board of Hess Corp and support the oil producer's five direct ...
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Kohl's profit beats Street, shares jump 7 percent
[Reuters] 16 May, 2013
(Reuters) - Department store chain Kohl's Corp reported a quarterly profit well ahead of analysts' expectations after cost cuts boosted marg ...
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Glencore brings in ousted BP boss as interim chairman
[Reuters] 16 May, 2013
LONDON/ZUG, Switzerland (Reuters) - Glencore Xstrata has appointed Tony Hayward as its interim chairman, a source with knowledge of the matter said, p ...
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Prospects improve for UK sale of Lloyds stake
[Reuters] 16 May, 2013
EDINBURGH (Reuters) - The chances of Britain selling its stake in Lloyds improved during 2012 and the government should be able to start offloading it ...
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U.S.-funded dairy project boosts rural economy of Pakistan
[Business Recorder] 16 May, 2013
ISLAMABAD: The USAID Dairy Project has spurred growth in Pakistan's rural economy by helping women farmers increase their incomes and improve the ...
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Royal Bank of Scotland to cut 1,400 jobs in UK
[Reuters] 16 May, 2013
DUBLIN (Reuters) - Royal Bank of Scotland will cut 1,400 jobs over the next two years in a restructuring of its retail head office in Britain, the par ...
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Skoda sales in April hit by switch to new model
[Reuters] 16 May, 2013
PRAGUE (Reuters) - Unit sales at Skoda Auto fell by 4.6 percent in April due to a switch to a new Octavia model and continued weak demand in some Euro ...
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Dollar rangebound against yen in Asia after rally
[Geo TV] 16 May, 2013
TOKYO: The dollar was little changed against the yen in Asia on Thursday after investors adjusted positions on the
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Oil down in Asia on weak US production data
[Geo TV] 16 May, 2013
SINGAPORE: Oil was down in Asian trade Thursday as caution returned to the market following weak US production dat
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Thomas Cook flags return to dividends after refinancing
[Reuters] 16 May, 2013
LONDON (Reuters) - Thomas Cook on Thursday unveiled a 1.6 billion pound ($2.4 billion) refinancing plan on Thursday designed to cut debt and enable it ...
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Glencore Xstrata chairman ousted in surprise coup
[Reuters] 16 May, 2013
LONDON/ZUG, Switzerland (Reuters) - Glencore Xstrata Chairman John Bond surprised investors on Thursday by announcing he had been voted out of the top ...
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Weak euro data, central bank support bolster dollar, shares
[Reuters] 16 May, 2013
LONDON (Reuters) - Weak data fanned expectations on Thursday of more central bank action in Europe, keeping yield-hungry investors focused on the regi ...
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Glencore Xstrata chairman Bond says will not be reelected
[Reuters] 16 May, 2013
LONDON (Reuters) - Glencore Xstrata chairman John Bond told investors he would not be reelected at the miner and trader's first annual general me ...
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