US mortgage company Fannie Mae should restate its earnings, a move that is likely to put a billion-dollar dent in…
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BA to suspend two Saudi services
British Airways is to halt its flights from London Heathrow to Jeddah and Riyadh in Saudi Arabia from 27 March.…
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Russia gets investment blessing
Soaring oil sales and a budget surplus mean Russian debt is no longer a risky investment, one of the world’s…
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Beer giant swallows Russian firm
Brewing giant Inbev has agreed to buy Alfa-Eco’s stake in Sun Interbrew, Russia’s second-largest brewer, for up to 259.7m euros…
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Israel looks to US for bank chief
Israel has asked a US banker and former International Monetary Fund director to run its central bank. Stanley Fischer, vice…
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Oil prices fall back from highs
Oil prices retreated from four-month highs in early trading on Tuesday after producers’ cartel Opec said it was now unlikely…
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Saudi investor picks up the Savoy
London’s famous Savoy hotel has been sold to a group combining Saudi billionaire investor Prince Alwaleed bin Talal and a…
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German bidder in talks with LSE
Deutsche Boerse bosses have held “constructive, professional and friendly” talks with the London Stock Exchange (LSE), its chief has said.…
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Cairn shares up on new oil find
Shares in Cairn Energy have jumped 6% after the firm said an Indian oilfield was larger than previously thought. Cairn…
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Winter freeze keeps oil above $50
Oil prices carried on rising on Wednesday after cold weather on both sides of the North Atlantic pushed US crude…
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