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Business

Shell break-up would not work in real life, says CFO

By etismarnet November 10, 2021November 4, 2021

Breaking up oil major Royal Dutch Shell (RDSa.L) into separate fossil fuels and renewables companies might be financially compelling but would not work in real life, finance chief Jessica Uhl…

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Business

China’s AgBank posts 14% third-quarter profit increase

By etismarnet November 9, 2021November 4, 2021

Agricultural Bank of China Ltd (AgBank) (601288.SS), the country's third-biggest lender by assets, reported a 14% increase in third-quarter profit as banks steadily recover from the impact of the COVID-19…

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Business

Skanska books flat quarterly profit, says building activity picking up

By etismarnet November 8, 2021November 4, 2021

Sweden's Skanska (SKAb.ST) reported flat operating profit for the third-quarter but said construction market activity was gradually picking up as economies rebound from pandemic-induced slumps. Skanska, the Nordic region's largest…

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Business

Before Lebanon’s current financial crisis, central bank faced a $4.7 billion hole in reserves

By etismarnet November 7, 2021November 4, 2021

Lebanon's central bank had a $4.7 billion hole in its reserves by the end of 2015 that was not disclosed to the public, an early warning sign of the financial…

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Business

China’s top brokerage CITIC posts 46% third-quarter profit jump

By etismarnet November 6, 2021November 4, 2021

CITIC Securities Co Ltd (600030.SS), reported a 45.8% rise in third-quarter net profit, as China's biggest brokerage posted strong growth in commission fees after rapidly expanding its asset management and…

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Business

Some airlines risk failure if they do not cut emissions faster

By etismarnet November 5, 2021November 4, 2021

Some airlines risk failure if they do not cut carbon emissions quicker in the next three to five years due to a mismatch between short-term corporate travel targets and the…

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Business

Against the tide? BOJ’s Kuroda says weak yen ‘definitely positive’ for economy

By etismarnet November 4, 2021

Bank of Japan Governor Haruhiko Kuroda on Thursday welcomed the economic benefits of a weak yen, brushing off fears that rising import costs could derail a recovery and committing to…

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