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Steelmaker POSCO reports highest-ever quarterly profit in Q3

South Korean steelmaker POSCO (005490.KS) reported its highest-ever quarterly operating profit in the third quarter, as a surge in steel prices was fanned by reduced supply from China. POSCO, the

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EXCLUSIVE SoftBank in talks to sell French robotics business to Germany’s United Robotics

SoftBank Group Corp is in talks to sell the Paris-based robotics business behind its Pepper android to Germany’s United Robotics Group, scaling back a business it once touted as a

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Tesco says online services back up after interference ‘attempt’

British supermarket chain Tesco (TSCO.L) said its website and app are back up after the services were disrupted by an attempt to interfere with its systems. “Our online grocery website

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EXCLUSIVE Turkey’s state banks likely to follow central bank and slash rates on Monday

Turkey’s state banks are expected to cut borrowing costs on loans by around 200 basis points on Monday, according to three people with knowledge of the plan, following last week’s

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Italy, UniCredit talks on Monte Paschi purchase collapse

Italy’s government and UniCredit(CRDI.MI) have called off negotiations over the sale of ailing Banca Monte dei Paschi (BMPS.MI)(MPS), the Italian lender and Italy’s Ministry of Economy and Finance said in

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Former Credit Suisse security head targeted in Swiss regulator’s investigation

Credit Suisse’s (CSGN.S) former head of global security services is one of three people targeted in a new investigation announced last week by Swiss financial markets watchdog FINMA following an

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Saudi push on company headquarters showing success, says official

Saudi Arabia’s push for firms to set up regional headquarters in Riyadh is proving successful and is not aimed at dismantling corporate operations elsewhere, a senior Saudi official said. The

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