Chinese group appeals decision of the Brazilian Securities and Exchange Commission

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  State Grid Brazil Power Participações, a subsidiary of the China State Grid group, plans to appeal the decision of the Brazilian Securities and Exchange Commission (CVM) that considered the monetary value offered to acquire the interests of minority shareholders in CPFL Energias Renováveis too low, CPFL Energia said in a statement. The amount offered […]

Train driver avoids head-on collision at station west of Munich

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Two full passenger trains came close to a frontal collision on Thursday at Utting train station after they had been directed towards the same platform. Both trains, mainly filled with school children, were directed into platform two of Utting station, at 7.50 am on Thursday, the Süddeutsche Zeitung reports. The catastrophic accident was […]

Indian jewellers shy away as high gold prices dent appetite

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BENGALURU/MUMBAI (Reuters) – High local prices hit physical gold demand in India this week while activity in most other Asian centres remained subdued due to the Lunar New Year holiday. In India, the second biggest consumer of the metal after China, local gold prices were trading near a 15-month high of 30,839 rupees touched last […]

PNB To Be Asked To Pay Banks For Jeweler Fraud: Report

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Punjab National Bank (PNB) didn’t immediately respond to an email seeking comment India is planning to ask state-owned lender Punjab National Bank to compensate other banks for losses arising out of the $1.8 billion fraud allegedly perpetrated by jewelers Nirav Modi and Mehul Choksi, a person familiar with the matter said. Banks including Allahabad Bank, […]

Germany recorded record budget surplus of €36.6 billion last year

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Germany’s federal statistics authority on Friday revised down its reckoning of the country’s government budget surplus in 2017, but the overshoot remained at record levels. Inflows into federal, state and municipal coffers outweighed spending by €36.6 billion in 2017, Destatis said in a statement. That was smaller than the statisticians’ January estimate of […]

Royal Bank of Scotland posts first profit in a decade

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LONDON (Reuters) – Royal Bank of Scotland Group reported its first full-year profit since 2007 on Friday, but the symbolic moment was bitter-sweet for the bank which had hoped to get a multi billion-dollar misconduct charge out of the way instead. The bank’s 752 million pound ($1.05 billion) profit beat a company-provided average of analyst […]

Enforcement Directorate Freezes Deposits, Shares Worth Rs 44 Crore Of Nirav Modi Group

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PNB Scam: A huge collection of imported watches, 176 steel almirahs, 158 boxes have been seized Mumbai/New Delhi:  The Enforcement Directorate today said it has frozen bank deposits and shares worth about Rs 44 crore of the Nirav Modi group, and seized a huge collection of imported watches from locations linked to the billionaire diamond […]

UPDATE 2-Boeing, Lockheed interested in launching rockets from Brazil, minister says

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minister says@ (Adds Lockheed Martin comment) BRASILIA, Feb 22 (Reuters) – Brazil’s defense minister said on Thursday that Boeing, Lockheed Martin, SpaceX and other U.S. aerospace companies have expressed interest in launching rockets from its Alcantara military base near the equator and visited the site in December. “They were very impressed,” Defense Minister Raul Jungmann […]