RBS reports $8 billion loss

‚ÄčLondon, Feb 24 (IANS) Royal Bank of Scotland on Friday reported losses of 7 billion pounds sterling ($8 billion) for 2016, taking its overall losses since its 2008 government bailout to over 58 billion pounds. ...
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Not devaluing yuan to boost exports: China

Beijing, Feb 24 (IANS) China on Friday said it has no intention of devaluing the yuan to boost exports, and expressed readiness to coordinate its economic and trade policies with the US. ...
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HSBC's 2016 revenues fall 89.67%

London, Feb 21 (IANS) HSBC announced on Tuesday a fall of 89.67 per cent in net profit for 2016, amounting to $1.3 billion, a statement said. Its pre-tax profit was down by 62.3 per cent to $7,122 million, the company added in the statement, Efe news reported. ...
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Hong Kong Disneyland again reports loss

Hong Kong, Feb 20 (IANS) Hong Kong Disneyland has announced a loss for 2016, its second loss-making year in a row, losing $22 million, official results showed on Monday. Visitor numbers at the Lantau Island park dropped more than 10 per cent to 6.1 million last year according to the results. ...
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CEO Jack Dorsey buys $7 mn in Twitter stock

New York, Feb 15 (IANS) Days after Twitter revealed its fourth-quarter earnings that missed company's revenue estimates, CEO Jack Dorsey has bought $7 million worth of Twitter stock, media reports said. ...
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China approves 12 new IPO applications

Beijing , Feb 11 (IANS The China Securities Regulatory Commission (CSRC) has approved 12 IPO applications. The 12 firms will be allowed to raise a maximum of 7 billion yuan (1.03 billion $US), a Xinhua news agency quoted a CSRC statement on Saturday. ...
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Mexico sets highest benchmark interest rate

Mexico City, Feb 10 (IANS) Mexico's central bank raised the benchmark interest rate to 6.25 per cent, the highest since April 2009, to curb inflation, the media reported. Inflation began to rise in October to close 2016 at 3.36 per cent, and rose to 4.72 per cent in January, Xinhua news agency reported. ...
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IMF chief calls for greater data transparency

Washington, Feb 9 (IANS) International Monetary Fund (IMF) chief Christine Lagarde said that greater data transparency could help increase the resiliency of the economy. "Greater data transparency -- promoted through the IMF data standard initiatives-leads to a 15 percent reduction in the spreads on emerging market sovereign bonds," Laga...
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US Fed leaves rates unchanged in January meeting

Washington, Feb 2 (IANS) US Federal Reserve on Wednesday left the benchmark interest rates unchanged and offered no hint on when it might move. The central bank painted a relatively upbeat picture for the economy. "Labour market continued to strengthen and... economic activity has continued to expand at a moderate ...
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Facebook's net income soars 177% in 2016

Los Angeles, Feb 2 (IANS) Facebook reported net income of $10.2 billion in 2016, up 177 per cent from the previous year's total of $3.7 billion. The online social media giant headed by Mark Zuckerberg, whose businesses include its signature social networking service and apps such as Messenger, Instagram and ...
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