Merger plan of Lyonnais, Agricole gains pace
Paris: Credit Lyonnais and Credit Agricole on Monday faced French bank regulators to press the case for their 19.5-bn euro ($20.9 bn) merger, but regulators were not expected to rule imminently.
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Malaysia pushes for lower duty on crude palm oil
Kuala Lampur: With 10 days to go before the presentation of Union Budget, Malaysia on Tuesday demanded cut in India's duty on crude palm oil (CPO) while projecting a high-demand, low-supply international scenario for the commodity.
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Wal-Mart sales rally as Americans stock up on duct tape
New York: Wal-mart Stores said on Monday that an unlikely mix of lingerie and duct tape drove sales last week, but a major snow storm that whacked the eastern US may leave many retailers in the cold this week.
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Reuters makes record loss, to cut 3,000 jobs
London: The world's largest provider of financial information, Reuters Group Plc, reported a record loss on Tuesday and announced another 3,000 job cuts as part of a new, three-year strategy to revive its fortunes.
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Over 5 million Visa/MasterCard accounts hacked into in US
New York: More than five million Visa and MasterCard accounts throughout the United States were accessed after the computer system at a third party processor was hacked into, according to representatives for the card associations.
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