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Carrefour confident over overhaul despite fourth-quarter 'yellow vests' hit

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PARIS (Reuters) – Carrefour (CARR.PA) said on Tuesday it was confident its overhaul plan was on track, although sales growth slowed slightly in the fourth quarter as 10 weeks of anti-government protests hit hypermarket sales in its core French market. The logo of Carrefour is seen on shopping trolleys at the Carrefour Lingostiere in Nice, Read More

Halliburton sees downward pressure on fracing business

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By David Wethe on 1/22/2019 HOUSTON (Bloomberg) — Halliburton forecast a drop in fracing earnings in the first quarter as the world’s second-largest oilfield services company announced a cut in capital expenditure to match a more disciplined approach from customers.  While there should be a modest improvement in actual fracing activity during the period, the Read More

Jewish group sues Brazilian cartoonist over Netanyahu & Bolsonaro ‘Nazi hug’ drawing

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A Jewish community group in Brazil is suing an iconic political cartoonist for anti-Semitism, over a drawing depicting Brazilian President Jair Bolsonaro and Israeli Prime Minister Benjamin Netanyahu in a “swastika embrace.” The Jewish Federation of Rio de Janeiro filed the suit against the cartoonist Aroeira on January 15. The offending image shows both leaders Read More

Halliburton shares fall as North America lags

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(Reuters) – Shares of oilfield firm Halliburton Co (HAL.N) fell sharply on Tuesday after the company forecast lower revenues in key business areas in the first quarter, overshadowing a quarterly profit beat and a pledge to reduce 2019 spending. FILE PHOTO: Oil production equipment is seen in a Halliburton yard in Williston, North Dakota, U.S., Read More

France, Germany step up pressure over Alstom-Siemens deal

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PARIS (Reuters) – France and Germany raised pressure on the European Union’s competition chief to approve the merger of Alstom and Siemens’ rail businesses, warning that thwarting the proposed European champion would be a strategic error. FILE PHOTO: A scale model of an AGV high speed train with the logo of Alstom is seen before Read More

EU veto of Alstom-Siemens rail tie-up would be 'economic error' – France

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FILE PHOTO: A scale model of an AGV high speed train with the logo of Alstom is seen before a news conference to present the company’s full year 2016/17 annual results in Saint-Ouen, near Paris, France, May 4, 2017. REUTERS/Gonzalo Fuentes/File Photo PARIS (Reuters) – The European Commission would make an “economic error and political Read More

Nippon Life president says actively exploring M&A in U.S.

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TOKYO (Reuters) – Nippon Life Insurance Co is actively seeking mergers and acquisitions overseas, with a focus on the United States and Asia’s emerging economies, the president of Japan’s largest life insurer said on Monday. FILE PHOTO: Nippon Life Insurance’s upcoming president Hiroshi Shimizu speaks at a news conference in Tokyo, Japan January 25, 2018. Read More

Italy regulator gives TIM's network separation plan thumbs down

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ROME (Reuters) – Telecom Italia (TIM) (TLIT.MI) has suffered a setback in its plan to assuage pressures for a separation of its prized network assets by placing them into a wholly owned subsidiary, as the industry regulator said it was opposed to the proposal. FILE PHOTO: Telecom Italia’s new logo of the TIM brand seen Read More