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S.African minister orders Transnet to report irregularities over locomotive contract

JOHANNESBURG, Feb 20 (Reuters) - South Africa's Public Enterprises Minister Lynne Brown on Tuesday ordered rail utility Transnet to report to law enforcement officials irregularities in the awarding of a 54 billion rand ($5 billion) contract to acquire locomotives in 2014.

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Tokyo to build world's tallest timber tower

A Tokyo skyscraper is set to become the world's tallest wooden building. Japanese company Sumitomo Forestry says its 1,148 feet tall timber tower will be completed by in 2041, to mark the 350th anniversary of the business that year. The W350 tower will cost an estimated 600 billion yen ($5.6 billion) to build.

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BRIEF-Samsung Engineering wins $1.03 bln order to build oil refining plant

* Says awarded 1.1 trillion won ($1.03 billion) contract to build an oil refining plant in Oman

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India's Reliance, global tech firms to invest $9.3 billion in industrial area

MUMBAI (Reuters) - India's Reliance Industries Ltd and global technology companies will invest 600 billion rupees ($9.34 billion) over 10 years to set up an integrated industrial area in the western state of Maharashtra, the company's chairman Mukesh Ambani said.

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India's Reliance, global tech firms to invest $9.3 bln in industrial area

MUMBAI, Feb 18 (Reuters) - India's Reliance Industries Ltd and global technology companies will invest 600 billion rupees ($9.34 billion) over 10 years to set up an integrated industrial area in the western state of Maharashtra, the company's chairman Mukesh Ambani said.

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French pharma group Ipsen sees more asset purchases, U.S. growth

PARIS (Reuters) - French pharma company Ipsen expects to bring more drugs to combat cancer, rare diseases and mobility impairment into its pipeline this year and has around one billion euros ($1.25 billion) for asset purchases, its chief executive said.

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Fresh A400M charge clouds strong Airbus 2017 profits

PARIS (Reuters) - Airbus took a 1.3 billion euro ($1.6 billion) hit on its delayed A400M military transport plane, lifting charges on Europe's troubled defense project above 8 billion euros and clouding higher than expected underlying profits and cash.

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UPDATE 3-Fresh A400M charge clouds strong Airbus 2017 profits

PARIS, Feb 15 (Reuters) - Airbus took a 1.3 billion euro ($1.6 billion) hit on its delayed A400M military transport plane, lifting charges on Europe's troubled defence project above 8 billion euros and clouding higher than expected underlying profits and cash.

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Airbus takes 1.3 billion euros charge on A400M military plane

PARIS (Reuters) - Airbus on Thursday took a 1.3 billion euros ($1.6 billion) writedown on its A400M military transport plane, lifting cumulative charges on Europe's troubled defense project above 8 billion euros and clouding higher-than-expected underlying profits.

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Airbus takes 1.3 bln euros charge on A400M military plane

PARIS, Feb 15 (Reuters) - Airbus on Thursday took a 1.3 billion euros ($1.6 billion) writedown on its A400M military transport plane, lifting cumulative charges on Europe's troubled defence project above 8 billion euros and clouding higher-than-expected underlying profits.

environmentNews reuters.com

Hurricane Irma costs for insurers to reach 1.8 billion euros: French lobby

PARIS (Reuters) - Hurricane Irma, which battered the Caribbean islands of Saint Martin and Saint Barthelemy last September, could cost insurers 1.83 billion euros ($2.26 billion), the French insurance lobby FFA said on Tuesday.

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HNA unit to sell two Hong Kong sites to Henderson Land for $2 billion

HONG KONG (Reuters) - A unit of China's HNA Group [HNAIR.UL], the cash-starved aviation-to-financial services conglomerate, said on Tuesday it was selling two Hong Kong sites to Henderson Land Development Co Ltd for HK$16 billion ($2 billion).

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Foxconn to use proceeds from unit's Shanghai IPO to fund $4 billion projects

HONG KONG (Reuters) - Taiwan's Foxconn, the world's largest contract electronics manufacturer, said it plans to use proceeds from a Shanghai listing of one if its subsidiaries to fund eight projects totaling 27.3 billion yuan ($4 billion).

environmentNews reuters.com

Finland and Estonia's undersea rail tunnel could cost $20 billion by 2040

HELSINKI (Reuters) - The world's longest undersea rail tunnel between Finland and Estonia could cost up to 20 billion euros ($24.7 billion) and be opened for traffic by 2040, a feasibility study by the two countries said on Wednesday.

PersonalFinance reuters.com

BlackRock sees biggest European fund inflows in 2017: Morningstar

LONDON (Reuters) - BlackRock, the world's biggest fund manager, saw the largest inflows in the European asset management sector in 2017 at 62.7 billion euros ($77.42 billion), according to data from...

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Britain's Tesco faces record $5.6 billion equal pay claim

LONDON (Reuters) - Supermarket group Tesco is facing a potential bill of up to 4 billion pounds ($5.6 billion) to bring the wages of its female employees into line with men, according to the law firm pursuing Britain's largest equal pay claim.

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Spotify generates third quarter revenue of $1.2 billion: The Information

(Reuters) - Music streaming service Spotify had revenue of a billion euros ($1.24 billion) in its third-quarter, putting it on track for a full year revenue of more than 4 billion euros ($4.95 billion), The Information website reported on Tuesday.

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China's Huawei builds British ties in face of U.S. cold shoulder

FRANKFURT (Reuters) - China's Huawei said on Tuesday it will spend a further 3 billion pounds ($4.2 billion) on procurement in Britain as the world's largest telecom equipment maker seeks alternatives to the United States, where it faces an effective ban.

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Alibaba, another firm to jointly invest $1.24 bln in Wanda Film Holding

BEIJING, Feb 5 (Reuters) - China's Dalian Wanda Group said on Monday it will sell a combined 12.77 percent stake in Wanda Film Holding Co Ltd to Alibaba Group Holdings Ltd and Cultural Investment Holdings Ltd for a total of 7.8 billion yuan ($1.24 billion).

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Nissan to pump $9.5 billion into China business, eyes top three spot

BEIJING (Reuters) - Nissan Motor Co plans to invest 60 billion yuan ($9.5 billion) in China over the next five years with its joint-venture partner as it seeks to become a top three automaker in the world's biggest market.

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India's 'Modicare' to cost about $1.7 billion a year: sources

NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi's plan to provide health insurance for about half the country's population would require an estimated 110 billion rupees ($1.7 billion) in federal and state funding each year, sources familiar with the matter said.

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Tencent-led group to invest $1.6 billion in menswear firm Heilan: sources

HONG KONG (Reuters) - Tencent Holdings Ltd is leading a deal to invest 10 billion yuan ($1.59 billion) in Chinese menswear group Heilan Home Co Ltd, upping a retail rivalry with fellow internet giant Alibaba Group Holding Ltd, sources with knowledge of the matter said.

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China's ZTE Corp to raise $2 billion in share placement for 5G plans

HONG KONG (Reuters) - Chinese telecom equipment maker ZTE Corp said on Wednesday said it planned to raise 13 billion yuan ($2.1 billion) via a private placement to support 5G mobile network technology development.

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Slovenian banks' NPLs fall to 6 pct of all loans in Dec

LJUBLJANA, Jan 31 (Reuters) - Non-performing loans in Slovenian banks fell to 2.5 billion euros ($3.11 billion) or 5.99 percent of all loans at the end of December, down from 6.7 percent a month before, the Bank of Slovenia said on Wednesday.

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China's HNA Group tells creditors it may face at least $2.4 bln liquidty shortage in Q1 -Bloomberg

BEIJING, Jan 30 (Reuters) - China's HNA Group has told creditors it may face at least a 15 billion yuan ($2.4 billion) liquidity shortage in the first quarter, Bloomberg reported on Tuesday citing unnamed sources.

businessNews reuters.com

Sanofi beats Novo to buy Ablynx for $4.8 billion in biotech M&A boom

PARIS/LONDON (Reuters) - French drugmaker Sanofi has agreed to buy Belgian biotech company Ablynx for 3.9 billion euros ($4.8 billion), beating Novo Nordisk and marking its second big deal this month after buying Bioverativ.

worldNews reuters.com

Australia to spend $3.1 billion to increase stake in global arms exports

SYDNEY (Reuters) - Prime Minister Malcolm Turnbull said on Monday Australian military equipment manufacturers will be offered government-backed loans as part of a A$3.8 billion ($3.1 billion) package to become one of the world's top 10 defense exporters.

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Danish lawmakers agree to hike military spending, citing Russia threat

COPENHAGEN (Reuters) - Danish lawmakers on Sunday agreed to allocate an additional 12.8 billion crowns ($2.14 billion) to military spending over the next six years, citing Russia as one of the major threats to its security.

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Deutsche Bank to hike bonuses to more than 1 billion euros for 2017: FAS

FRANKFURT (Reuters) - Deutsche Bank will hike annual bonus payments to more than 1 billion euros ($1.2 billion) despite posting its third consecutive annual loss in 2017, a German newspaper reported.

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Volkswagen's Scania backs Northvolt's $5 billion Swedish battery plant

STOCKHOLM (Reuters) - Volkswagen-owned truckmaker Scania will invest 10 million euros in Northvolt's more than 4 billion euro ($5 billion) project to build Europe's biggest battery plant in northern Sweden.

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EU fines chipmaker Qualcomm $1.2 billion over exclusivity deal with Apple

BRUSSELS (Reuters) - U.S. chipmaker Qualcomm was hit with a 997 million euro ($1.23 billion) fine by EU antitrust regulators on Wednesday for paying Apple to only use its chips, blocking out rivals such as Intel.

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EU fines Qualcomm $1.2 billion over Apple mobile chip deals

BRUSSELS (Reuters) - EU antitrust regulators hit U.S. chipmaker Qualcomm with a 997 million euro ($1.23 billion) fine on Wednesday for paying Apple to only use Qualcomm chips, rather than those made by rivals such as Intel .

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EU fines Qualcomm $1.2 billion over Apple chip deals

BRUSSELS (Reuters) - EU antitrust regulators slapped a 997 million euro ($1.23 billion) fine on U.S. chipmaker Qualcomm on Wednesday for paying Apple so that the iPhone maker only used its chips, blocking rivals such as Intel.

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UPDATE 1-EU fines Qualcomm $1.2 bln over Apple chip deals

BRUSSELS, Jan 24 (Reuters) - EU antitrust regulators slapped a 997 million euro ($1.23 billion) fine on U.S. chipmaker Qualcomm on Wednesday for paying Apple so that the iPhone maker only used its chips, blocking rivals such as Intel.

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EU fines Qualcomm 997 mln euros for exclusive deals with Apple

BRUSSELS, Jan 24 (Reuters) - EU antitrust regulators slapped a 997 million euro ($1.23 billion) fine on U.S. chipmaker Qualcomm on Wednesday for paying Apple so that the iPhone maker only used its chips.

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Russia's VTB agrees to 5 bln euro loan to China's CEFC - RIA

MOSCOW, Jan 24 (Reuters) - Russian state bank VTB said on Wednesday it had agreed to loan 5 billion euros ($6.15 billion) to China's CEFC to finance the purchase of shares in Rosneft, the RIA news agency reported.

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UPDATE 1-Ahold Delhaize Q4 sales lifted by strong Dutch performance

AMSTERDAM, Jan 24 (Reuters) - Dutch-Belgian supermarket chain Ahold Delhaize, which has roughly two-thirds of its business in the United States, said on Wednesday fourth-quarter sales rose 1.6 percent to 15.8 billion euros ($19.46 billion), lifted by strong growth in the Netherlands.

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Russia's Promsyvazbank had negative capital of $2.4 bln as at Dec. 25 - filing

MOSCOW, Jan 23 (Reuters) - The negative capital of Russia's Promsyvazbank (PSB) totalled 134.12 billion roubles ($2.37 billion) as of Dec. 25 last year, a regulatory filing showed.

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Brazilian prosecutors ask BNY Mellon unit to return $2.5 billion to local fund

SAO PAULO (Reuters) - Brazilian prosecutors asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement.

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UPDATE 1-Brazilian prosecutors ask BNY Mellon unit to return $2.5 bln to local fund

SAO PAULO, Jan 18 (Reuters) - Brazilian prosecutors asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement.

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Brazilian prosecutors ask BNY Mellon to return $2.5 bln to local fund

SAO PAULO, Jan 18 (Reuters) - Brazilian prosecutors in Sao Paulo asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement.

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China's JD.com says will invest over $3 billion in "rustbelt" regions: Xinhua

SHANGHAI (Reuters) - Chinese online retailer JD.com will invest more than 20 billion yuan ($3.11 billion) in the country's northeastern "rustbelt" regions over the next three years, the Xinhua news agency reported on Thursday, citing the company.

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China's JD.com says will invest over $3 bln in "rustbelt" regions - Xinhua

SHANGHAI, Jan 18 (Reuters) - Chinese online retailer JD.com will invest more than 20 billion yuan ($3.11 billion) in the country's northeastern "rustbelt" regions over the next three years, the Xinhua news agency reported on Thursday, citing the company.

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CORRECTED-Toshiba sees $3.7 bln balance sheet improvement from Westinghouse deal

TOKYO, Jan 18 (Reuters) - Toshiba Corp said on Thursday it would sell its claims in bankrupt nuclear unit Westinghouse Electric Co to a group led by the Baupost Group - a move that would contribute to an improvement of about 410 billion yen ($3.68 billion) in its balance sheet.

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Toshiba sees $3.7 billion balance sheet improvement from Westinghouse deal

TOKYO (Reuters) - Toshiba Corp said on Thursday it would sell its claims in bankrupt nuclear unit Westinghouse Electric Co to a group led by the Baupost Group - a move that would contribute to an improvement of about 410 billion yen ($3.68 billion) in its balance sheet.

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Toshiba sees $3.7 bln balance sheet improvement from Westinghouse deal

TOKYO, Jan 18 (Reuters) - Toshiba Corp said on Thursday it would sell its claims in bankrupt nuclear unit Westinghouse Electric Co to a group led by the Baupost Group - a move that would contribute to an improvement of about 410 billion yen ($3.68 billion) in its balance sheet.

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EMERGING MARKETS-Brazil stocks rise on foreign inflows, one-time news events

SAO PAULO, Jan 17 (Reuters) - Brazil's benchmark Bovespa equities index registered strong gains on Wednesday, breaching the 80,000-point mark for the second time, amid strong inflows of foreign capital and industry-related news that lifted some major stocks. In the first nine sessions of 2018, the Bovespa registered 3.584 billion reais ($1.11 billion) in inflows, well above the 2.2 billion reais registered in the same period last year. Analysts and investors say this trend is continuing,

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UPDATE 1-Slovenian banks reduce bad loans to 4.4 pct of total loans

LJUBLJANA, Jan 17 (Reuters) - Slovenian banks reduced loans on which repayment was delayed by 90 days or more to 1.5 billion euros ($1.83 billion) in November, representing 4.4 percent of all loans, down from 4.6 percent the previous month, the central bank said on Wednesday.

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Melrose offers to buy Britain's GKN for $10.2 bln

Jan 17 (Reuters) - Turnaround specialists Melrose on Wednesday made a firm offer to buy GKN for 430.1 pence per share or 7.4 billion pounds ($10.18 billion) after meeting its shareholders, adding pressure on the British engineering company to accept the deal.

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UK government questioned over Carillion contracts after profit warnings

LONDON, Jan 15 (Reuters) - Britain's government is under pressure to explain why ministers awarded construction company Carillion 1.3 billion pounds ($1.8 billion) of new contracts after it was known to be in financial difficulty.

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UPDATE 1-Brazil's GPA posts revenue gains, but food deflation weighs

SAO PAULO, Jan 15 (Reuters) - Brazilian food retailer GPA SA said on Monday its fourth quarter net revenue rose 6.8 percent from last year to 12.5 billion reais ($3.91 billion) as a nascent consumer recovery boosted sales, although food deflation limited gains.

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Brazil's GPA says sales rose 8.2 percent last year

SAO PAULO, Jan 15 (Reuters) - Brazilian retailer GPA SA said its total sales rose 8.2 percent last year, to 44.6 billion reais ($13.9 billion).

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Softbank plans $18 billion IPO of mobile phone unit as soon as spring: Nikkei

TOKYO (Reuters) - SoftBank Group Corp plans to list its core mobile-phone unit in Tokyo and overseas as early as this spring, raising some 2 trillion yen ($18 billion) in one of Japan's biggest initial public offerings, the Nikkei newspaper said on Monday.

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French telcos to spend $3.7 billion to plug network gaps

PARIS (Reuters) - France's mobile telephone operators will spend more than 3 billion euros ($3.7 billion) rolling out a 4G network to ensure there are no coverage gaps by 2020, a government minister said.

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French telcos commit three billion euros to cover network black spots: report

PARIS (Reuters) - France's mobile telephone operators will spend more than 3 billion euros ($3.7 billion) rolling out a 4G network in black spots across the country to ensure there are no coverage gaps by 2020, according to a government minister.

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Chinese court jails two for life over $2.4 billion pyramid scheme

SINGAPORE (Reuters) - A Chinese court has sentenced two people to life imprisonment for fraud in a 15.6 billion-yuan ($2.39 billion) pyramid scheme that sucked in more than 200,000 people.

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Kenon, Chery sell 51 pct of China car venture Qoros for $1 bln

TEL AVIV, Jan 9 (Reuters) - Israel's Kenon Holdings Ltd said on Tuesday a China-based investor related to the Baoneng group has acquired 51 percent of its Qoros Automobile joint venture after the deal obtained approval from China's Ministry of Commerce. The Baoneng-related investor paid 6.63 billion yuan ($1 billion) for the stake. As a result, Kenon's stake has fallen to 24 percent while Wuhu Chery Automobile Investment Co, a subsidiary of Chery Automobile Co, holds 25 percent.

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CORRECTED-Chinese retailer JD.com commits to sell 2 bln euros in French imports

PARIS, Jan 9 (Reuters) - JD.com, China’s largest retailer, announced on Tuesday plans to sell 2 billion euros ($2.4 billion) of French goods to Chinese consumers over the next two years, and to purchase another 100 million euros in French-made products.

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UPDATE 2-Europe's Altice to spin off U.S. operation, simplify business

Jan 8 (Reuters) - Telecoms and cable group Altice NV , which is trying to cut debts of around 50 billion euros ($59 billion), said on Monday its board has approved plans to spin-off its U.S. unit from its European operation.

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Altice announces separation of U.S., European businesses

(Reuters) - Telecoms and cable group Altice NV , which is trying to cut debts of around 50 billion euros ($59 billion), said on Monday its board has approved plans to spin-off its U.S. unit.

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UPDATE 1-Altice announces separation of U.S., European businesses

Jan 8 (Reuters) - Telecoms and cable group Altice NV , which is trying to cut debts of around 50 billion euros ($59 billion), said on Monday its board has approved plans to spin-off its U.S. unit.

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Ablynx soars after rejects Novo Nordisk's $3.1 billion biotech bid

COPENHAGEN/BRUSSELS (Reuters) - Denmark's Novo Nordisk, the world's biggest insulin maker, went public with a 2.6 billion euro ($3.1 billion) bid for Belgian biotech group Ablynx on Monday, seeking a new source of growth by bolstering its treatments for rare blood disorders.

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Siemens to list Healthineers unit in March: sources

MUNICH (Reuters) - Siemens plans to list its 40 billion euro ($48 billion) healthcare unit Healthineers in March, two people close to the matter said, as the group hopes to execute the deal while market conditions are favorable.

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Ablynx shares soar after rejects Novo Nordisk's $3.1 billion bid

COPENHAGEN/BRUSSELS (Reuters) - Denmark's Novo Nordisk, the world's biggest insulin maker, went public with a 2.6 billion euro ($3.1 billion) bid for Belgian biotech group Ablynx on Monday as it seeks a new source of growth by bolstering its treatments for rare blood disorders.

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German drugmaker Dermapharm plans March IPO - sources

FRANKFURT (Reuters) - German non-prescription drugmaker Dermapharm is planning to list on the Frankfurt stock exchange before the Easter holidays, in a deal that is expected to value the company at more than 1 billion euros ($1.2 billion), people familiar with the matter said.‎

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Novo Nordisk's $3.1 billion Ablynx bid rejected by Belgian biotech

COPENHAGEN/BRUSSELS (Reuters) - Denmark's Novo Nordisk, the world's biggest maker of insulin, went public with a 2.6 billion euro ($3.1 billion) bid for Belgian biotech group Ablynx on Monday as it seeks to bolster its treatments for rare blood disorders.

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Brazil's BNDES plans to repay $40 billion to the Treasury in 2018

SAO PAULO, Jan 8 (Reuters) - Brazil's state development bank BNDES plans to repay 130 billion reais ($40 billion) in loans to the Treasury this year, Carlos Thadeu de Freitas, its chief financial officer, was quoted as saying in the Monday edition of newspaper Valor Econômico.

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Deutsche Bank to post small Q4 loss on U.S. tax reform, weak markets

FRANKFURT, Jan 5 (Reuters) - Deutsche Bank said it would post a small net loss in the fourth quarter after weak trading, a low level of client activity and a 1.5 billion euro ($1.81 billion) negative impact of a tax overhaul in the United States.

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Beijing to build $2 billion AI research park: Xinhua

BEIJING (Reuters) - Beijing authorities will build a 13.8 billion yuan ($2.12 billion) artificial intelligence development project in the city's west, the official Xinhua news agency said on Wednesday.

entertainmentNews reuters.com

China box office posts turnaround in 2017 with 13 percent growth

BEIJING (Reuters) - China's movie box office revenue rose 13.45 percent last year to 55.91 billion yuan ($8.59 billion), more than tripling the 2016 growth rate as foreign films won a larger share of ticket sales compared to the previous year, said the Xinhua News Agency.

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Uniper CEO criticizes suitor Fortum for lack of clarity

FRANKFURT (Reuters) - The chief executive of German energy producer Uniper has criticized Finnish suitor Fortum for a lack of clarity about its intentions in a planned 8 billion euro ($9.6 billion) takeover of the company.

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London Stock Exchange's company floats hit 3-year high at 15 billion pounds

LONDON (Reuters) - The London Stock Exchange raised 15 billion pounds ($20.28 billion) from 106 initial public offerings (IPOs) in 2017, a 63 percent increase compared to last year and the highest level for three years.

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India's Aarti Industries signs 100 bln-rupee contract with SABIC's U.S. unit

Dec 29 (Reuters) - Speciality chemicals and pharmaceuticals manufacturer Aarti Industries Ltd signed a supply contract with a U.S. affiliate of Saudi Basic Industries Corp (SABIC) worth 100 billion rupees ($1.56 billion).

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India's Reliance Jio to buy RCom's wireless assets in $3.75 billion deal: sources

MUMBAI (Reuters) - Debt-laden Reliance Communications has signed a deal to sell its wireless assets to Reliance Jio Infocomm, for a total value of nearly 240 billion rupees ($3.75 billion), two sources familiar with the matter told Reuters on Friday.

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China's Huawei flags slowest revenue growth in four years

HONG KONG (Reuters) - China's Huawei Technologies Co Ltd expects 2017 revenue to rise 15 percent to 600 billion yuan ($92.08 billion), its rotating chief executive, Ken Hu, said in a New Year's message to staff posted on its official WeChat account on Friday.

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China's Huawei says expects 2017 revenue up 15 percent to $92 billion

HONG KONG (Reuters) - China's Huawei Technologies Co Ltd [HWT.UL] expects 2017 revenue to rise 15 percent to 600 billion yuan ($92.08 billion), its rotating chief executive, Ken Hu, said in a New Year's message to staff posted on its official WeChat account on Friday.

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Barclays expects $1.3 billion writedown from U.S. tax reform

LONDON (Reuters) - Barclays expects to take a writedown of about 1 billion pounds ($1.34 billion) on its annual post-tax profit as a result of the U.S. tax overhaul, the bank said in a statement on Wednesday.

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UPDATE 1-Barclays expects $1.3 bln writedown from U.S. tax reform

LONDON, Dec 27 (Reuters) - Barclays expects to take a writedown of about 1 billion pounds ($1.34 billion) on its annual post-tax profit as a result of the U.S. tax overhaul, the bank said in a statement on Wednesday.

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Barclays expects $1.3 billion write-down from U.S. tax reform

LONDON (Reuters) - Barclays expects to take a write-down of about 1 billion pounds ($1.34 billion) on its annual post-tax profit as a result of the U.S. tax overhaul, the bank said in a statement on Wednesday.

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Barclays expects $1.3 bln write-down from U.S. tax reform

LONDON, Dec 27 (Reuters) - Barclays expects to take a write-down of about 1 billion pounds ($1.34 billion) on its annual post-tax profit as a result of the U.S. tax overhaul, the bank said in a statement on Wednesday.

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Credit Suisse expects $2.3 billion write-down from U.S. tax changes‍​

ZURICH, Dec 22 (Reuters) - Credit Suisse expects to take a write-down of 2.3 billion Swiss francs ($2.3 billion) during its 2017 fourth quarter following changes to the U.S. tax system, the Swiss bank said on Friday.

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UPDATE 2-Russia's Rosneft reaches $1.7 billion settlement with Sistema

MOSCOW, Dec 22 (Reuters) - The Sistema conglomerate will pay 100 billion roubles ($1.7 billion) to resolve a dispute with Russia's largest oil producer Rosneft over Bashneft oil company under a settlement announced by both companies on Friday.

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BMW says U.S. tax reform to lift 2017 profit by up to 1.55 bln euros

FRANKFURT, Dec 22 (Reuters) - German carmaker BMW said late on Friday it expected a U.S. tax reform to result in tax benefits lifting its 2017 net profit by between 950 million and 1.55 billion euros ($1.1-1.8 billion).

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Daimler says U.S. tax reform will lift 2017 net income

FRANKFURT (Reuters) - German carmaker Daimler said on Friday the U.S. tax reform would result in an income tax benefit of around 1.7 billion euros ($2.01 billion) in its 2017 results.

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Spanish court annuls 1.4 bln euro compensation for Castor gas storage site

MADRID, Dec 22 (Reuters) - Spain's constitutional court has annulled 1.4 billion euros ($1.66 billion) of compensation granted to the owners of the Castor underwater gas storage facility, an affiliate of Spanish builder ACS.

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UPDATE 1-UK Stocks-Factors to watch on Dec 22

(Adds company news and futures) Dec 22 (Reuters) - Britain's FTSE 100 index is seen to open 19 points lower at 7,585.1 on Friday, according to financial bookmakers, with futures down 0.26 percent ahead of the cash market open. * GVC/LADBROKES: Britain's online gambling firm GVC said on Friday it had agreed to buy British bookmaker Ladbrokes Coral for up to 4 billion pounds ($5.35 billion). * OIL: Oil prices on Friday dipped away from

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UPDATE 1-Liberty Global to sell Austria unit to T-Mobile Austria

FRANKFURT, Dec 21 (Reuters) - Cable group Liberty Global Plc said on Thursday it would sell its UPC Austria unit to Deutsche Telekom's T-Mobile Austria for an enterprise value of 1.9 billion euros ($2.25 billion).

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UK Stocks-Factors to watch on Dec 22

Dec 22 (Reuters) - Britain's FTSE 100 index is seen to open 19 points lower at 7,585.1 on Friday, according to financial bookmakers. * GVC/LADBROKES: Online gambling firm GVC is nearing a deal to acquire British bookmaker Ladbrokes Coral for as much as 3.9 billion pounds ($5.2 billion) and could announce it as soon as Friday, two sources familiar with the matter said. * OIL: Oil prices on Friday dipped away from 2015 highs reached the previou

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UPDATE 1-Statoil to extend Snorre oilfield output under $2.3 bln plan

OSLO, Dec 20 (Reuters) - Norway's Statoil will extend output from its Snorre oilfield in the North Sea by some 25 years under a 19 billion Norwegian crown ($2.26 billion) investment plan announced on Thursday.

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Hedge fund Knight Vinke lifts stake in M&A target Uniper

FRANKFURT (Reuters) - Hedge Fund firm Knight Vinke has increased its holding in Germany's Uniper to 5.02 percent, adding it would not tender that stake to Finland's Fortum as part of a 8.05 billion euro ($9.5 billion) takeover offer.

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Hedge fund Knight Vinke takes stake in M&A target Uniper

FRANKFURT (Reuters) - Hedge Fund Knight Vinke has taken a 5.02 percent stake in Uniper , adding it would not tender that stake to Finland's Fortum as part of its 8.05 billion euro ($9.54 billion) takeover offer that runs until Jan. 16, 2018.

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Car parts firm Autodis sets course for French share listing - sources

MADRID/LONDON, Dec 18 (Reuters) - The U.S. private equity owner of French vehicle spare parts distributor Autodis is selecting banks for a share sale next year in a deal that could value the business at more than 1 billion euros ($1.2 billion), six sources familiar with the matter told Reuters.

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Canadians consumed C$5 billion to C$6.2 billion in cannabis in 2015 - study

OTTAWA (Reuters) - Canadians consumed an estimated C$5 billion ($3.8 billion) to C$6.2 billion worth of cannabis in 2015, a study by Statistics Canada showed on Monday, ahead of the nationwide legalization of recreational use of the drug next year.

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Thales' 4.8 billion-euro bid for Gemalto gets thumbs up from investors

PARIS (Reuters) - Shares in defense group Thales rose on Monday after chipmaker Gemalto accepted the French company's 4.8 billion euro ($5.66 billion) takeover bid to create a leader in digital security.

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German Vonovia climbs property ladder with $6.1 billion Buwog deal

FRANKFURT (Reuters) - Vonovia , Germany's biggest residential property company, has agreed to buy Austrian counterpart Buwog in a cash deal valuing the latter at 5.2 billion euros ($6.12 billion), the two companies said on Monday.

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Buwog agrees to be taken over by Vonovia in $6.1 billion deal

FRANKFURT (Reuters) - Germany's Vonovia has agreed to buy Buwog in a cash deal valuing the Austrian real estate company at 5.2 billion euros ($6.12 billion), the two companies said on Monday.

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Oracle Corp to buy Australia's Aconex for $1.19 billion

Sydney (Reuters) - Australia's Aconex Ltd said on Monday it had received a A$1.56 billion ($1.2 billion), or A$7.80 in cash-per-share, buyout offer from U.S. software major Oracle Corp , sending the target's share price up 45 percent.

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Aconex receives $1.19 billion takeover offer from Oracle Corp

(Reuters) - Aconex Ltd said on Monday it had received a A$1.56 billion ($1.19 billion), or A$7.80 in cash per share, buyout offer from U.S. software major Oracle Corp .

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UPDATE 1-Aconex receives $1.19 bln takeover offer from Oracle Corp

Dec 18 (Reuters) - Aconex Ltd said on Monday it had received a A$1.56 billion ($1.19 billion), or A$7.80 in cash per share, buyout offer from U.S. software major Oracle Corp .

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Aconex receives $1.19 bln takeover offer from Oracle Corp

Dec 18 (Reuters) - Aconex Ltd said on Monday it had received a A$1.56 billion ($1.19 billion), A$7.80 in cash per share, buyout offer from U.S. software major Oracle Corp .