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Search results for "LTD"



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Shunning celebrity, judge in Petrobras probe downplays his power

SAO PAULO, July 3- The judge presiding over Brazil's largest-ever corruption investigation defended his impartiality on Friday, in a case centered on state-run oil firm Petrobras that has swept up some of the country's most powerful executives. Executives from the nation's largest engineering firms are accused of price-fixing contracts and overcharging...
Source: Reuters | By: Caroline Stauffer
Aetna to buy Humana for $37B in largest insurance deal

Health insurer Aetna said it will buy Humana for about $37 billion, or about $230 per share, in a cash-and-stock deal.
Source: Reuters
Global business growth at five-month low as prices jump -PMI

LONDON, July 3- Global business growth was at its weakest since the start of the year in June as firms hiked prices at the fastest rate in nine months, a survey showed on Friday. JPMorgan's Global All-Industry Output Index, produced with Markit, fell to a five-month low of 53.1 in June from May's 53.6. The global PMI combines survey data from countries including the...
Source: Reuters
UBS has whistleblower deal in Brazil currency investigation - paper

SAO PAULO, July 3- Swiss lender UBS AG made a whistleblower deal with Brazilian authorities investigating the suspected rigging of Brazil's currency market and will receive no punishment in the case, a local newspaper reported on Friday. Foreign exchange trading in Brazil is estimated at about $3 trillion a year, excluding swaps and derivative transactions.
Source: Reuters
China's "shadow lenders" line pockets even as bourses bomb

SHANGHAI/ BEIJING, July 3- China's vast network of "grey market" lenders have reaped big profits from lending money to individuals and companies to buy stocks, but as markets slump their customers face heavy losses after borrowing up to 10 times their starting capital. Global investors are increasingly worried about the scale of leverage in China's stock market,...
Source: Reuters | By: Engen Tham and Shu Zhang
WRAPUP 1-European service industry enjoys June bounce, shrugs off Greek woes

LONDON, July 3- Europe's vast service industry expanded faster than initially thought last month, surveys showed on Friday, speeding ahead despite warning signs that Greece might crash out of the euro zone. "While the economic situation is actually progressing and seems to be fairly stable you can't help thinking that there could be a significant reversal in...
Source: Reuters | By: Jonathan Cable
CNOOC's new output to lift China's oil production from 2014 record

*Rising output largely due to CNOOC and smaller producers. BEIJING, July 3- China's crude oil output looks set to rise this year from a record in 2014 as new production from third largest producer CNOOC helps to counter reductions from its two bigger rivals. While there is no official Chinese production outlook, information from the biggest state oil companies...
Source: Reuters | By: Adam Rose
UPDATE 1-China's CIC sovereign fund says ready to work with AIIB

*Net profit grew 2.5 pct last year to $89.1 bln. BEIJING, July 3- China's sovereign wealth fund China Investment Corp is ready to work with the new Chinese-led Asian Infrastructure Investment Bank to invest in projects in the region, a senior official said on Friday. The AIIB, which is expected to rival institutions such as the World Bank and the Asian Development...
Source: Reuters
Supply of quality copper concentrate shrinks, sows seeds of price support

*Flooding stalled mining in Chile. MELBOURNE/ TOKYO, July 3- Supply of high quality copper concentrate shrank more than expected in the first half of this year due to output delays in top miner Chile, squeezing the pipeline for metal producers and likely supporting prices later in 2015, traders said. Production from two of four mines in Chile that churn out clean,...
Source: Reuters | By: Melanie Burton and Yuka Obayashi
UK services PMI jumps in June, signaling faster economic growth

The Markit/ CIPS UK Services Purchasing Managers' Index rose by 2 points in June to 58.5, topping all forecasts in a Reuters poll and staying comfortably above the 50 mark that divides growth and contraction. Combined with similar manufacturing and construction surveys earlier this week, Markit said the gain suggested Britain's economy expanded around 0.5...
Source: Reuters