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Credit Agricole reported a sharp rise in its core capital ratio to 12.4 percent, as the bank took advantage of higher profits and a sale of a stake in investment company Eurazeo to beef up its financial position.

An improving economic activity in its core European markets, such as France and Italy, coupled with a slight increase in interest rates and cost cuts, helped drive its second-quarter net income up 17 percent to 1.35 billion euros ($1.60 billion).

Agricole bank capital core credit financial ratio reported rise sharp

 

UniCredit second-quarter net profit beats forecasts [0.05]

Posted on Aug. 3, 2017, 5:35 a.m. by Finance @ [source]

Italy's largest bank by assets, UniCredit, posted a stronger-than-expected net profit in the second quarter of the year thanks to lower costs and a drop in loan-loss charges.

Net profit came in at 945 million euros, well above a consensus forecast of 676 million euros distributed by the bank and also helped by a positive one-off item in Germany.

assets bank capital earlier euros Italy net posted profit UniCredit

 

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E&P decoding - Pioneer Natural Resources edition [0.03]

Posted on Aug. 3, 2017, 5:25 a.m. by Bronte Capital @ [source]

In fact, it should not be relied upon in making investment decisions, ever. It is intended solely for the entertainment of the reader, and the author.

entertainment intended investment making Reader relied solely

 

NEW DELHI: Shares of Reliance Communications (RCom) tumbled over 8 per cent in Thursday’s trade amid reports that the National Company Law Tribunal ( NCLT ) will take a call on whether to admit the company’s merger proposal with Aircel , even as the telecom department suggested that the proposed partners should first get clearance from the Supreme Court.Following the reports, the stock fell 8.58 to hit a low of Rs 22.90 on BSE.Reliance Communications’ lenders China Development Bank, Standard Chartered Bank and HSBC have given their consent before NCLT for the merger proposal to be admitted by the tribunal for a final hearing, ET reported.However, equipment supplier Ericsson, which have outstanding dues to recover from RCom, and GTL Infrastructure’s Chennai Network Infrastructure, which had bought 17,500 mobile towers from Aircel, have objected to the merger proposal being heard by the tribunal, the report noted.The telecom department (DoT), represented by senior council Beni Chatterji, told the tribunal that it would be appropriate for Aircel and RCom to take permission from Supreme Court since the issue with regard to 2 G spectrum of Aircel is pending there.

Aircel Communications merger NCLT proposal RCom Reliance report telecom Tribunal

 

The stock price dipped and presents another buying opportunity for patient investors.

At the time of writing, Deutsche Bank (NYSE:DB) stock trades at 15.38 euros (US$18.15).

bank business CIB Deutsche Bank euros management profit quarter Revenue stock

 

FRANKFURT: Thyssenkrupp 's works council is not pushing for a break up of the group, its leader said on Wednesday, after a newspaper reported trade union IG Metall was keen to explore such a move as an alternative to a steel merger with Tata. Thyssenkrupp has signalled it will decide one way or the other by the end of the summer.In the meantime, the idea has been floated by an unnamed investment banker - also cited by Bloomberg on Wednesday - that Thyssenkrupp could spin off most of its other activities instead and keep European steel.The Essen-based group also makes elevators, submarines and car parts, among other things.A Thyssenkrupp spokeswoman declined to comment on that specific option, but said the company continually looked at strategic alternatives.

Alternative Council joint Steel Tata Thyssenkrupp trade Union Wednesday works

 

Corporation (IOC) gained 5% to Rs 388, while Hindustan Petroleum Corporation (HPCL) surged 4.4% to Rs 401 and Bharat Petroleum Corporation (BPCL) rose 3% to Rs 499 on BSE in intra-day trade. On comparison, the S&P BSE Sensex was down 159 points or 0.49% at 32,318 at 10:25 am.

asked BSE Corporation government inflation LPG petroleum report Rs subsidy

 

A brush fire burning in the Oakland Hills near Grizzly Peak Boulevard and Fish Ranch Road Wednesday afternoon may force U.C. OAKLAND, Calif.

Berkeley to shut power to the entire campus.

August Berkeley brush Calif campus entire fire Oakland shut Wednesday

 

NEW DELHI: Shares of India Oil Corporation ( IOC ) jumped 5 per cent ahead of its quarterly numbers scheduled for later in the day. The stock gained even as oil marketing companies are expected to report a decline in June quarter core earnings due to inventory losses.The stock rose 4.93 per cent to hit a high of Rs 388.15 on BSE.Brokerage Motilal Oswal Securies has modeled nil subsidy sharing for OMCs for the quarter and expects it would entirely be borne by the government.India's biggest refiner Indian Oil Corp wants to supply at least 10 percent of its expanding refining capacity from its own oil and gas assets in the medium term, the company said in its latest annual report.“We peg IOCL’s refinery throughput at 17.9mmt for June quarter compared with 17.1mmt in Q4FY17 and 16.1mmt in the quarter go quarter on higher due to contribution from the Paradip refinery,” the brokerage said.The brokerage expects the company to report gross refining margin (GRM) of $4.6/bbl (including inventory loss) for the first quarter.

Brokerage cent due India June oil quarter report Rs stock

 

NEW DELHI: Global brokerage firm Credit Suisse maintained ‘Underperform’ on Lupin after the pharma company on Wednesday reported 59.40 per cent fall in consolidated net profit to Rs 358.06 crore for the quarter ended on June 30, 2017.Lupin had registered a net profit of Rs 881.95 crore for the corresponding period of the previous fiscal.Price erosion of some products, lower US sales and disruption due to GST implementation in the country mainly impacted Q1 results of the pharma major.Credit Suisse cut the target price of Lupin to Rs 920 from Rs 1,020 earlier. Benchmark BSE Sensex was down 161 points, or 0.50 per cent, at 32,315.Credit Suisse also cut Lupin’s FY18 and 19E EPS by 23 per cent and 10 per cent to factor in lower US sales.Consolidated net sales of Lupin also slipped to Rs 3,806.83 crore for the quarter under consideration as against Rs 4,341.80 crore for the same period year ago.

cent consolidated credit crore Lupin net Pharma Rs sales Suisse

 

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Meanwhile, Indian Oil, Jindal Saw, Majesco, PNB Housing, Ramco Cements, and VIP Industries are among 68 companies scheduled to report their quarterly results today.

bank bps broader dipped India Nifty oil shares trading year

 

NEW DELHI: Shares of Bata India climbed over 4 per cent and its fresh 52-week high of Rs 610.90 in early trade on Thursday after the footwear major on Wednesday registered a 19.60 per cent rise in its net profit at Rs 60.4 crore for the quarter ended June 30.It had posted a net profit of Rs 50.5 crore during the same period previous fiscal.The scrip was trading 4.20 per cent up at Rs 608. Shares of Bata opened at Rs 600 and touched a high and low of Rs 610.90 and Rs 593.45, respectively, in trade so far.

Bata cent crore net profit quarter Rs shares trade week

 

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Two people were killed and nine injured on Wednesday after a gas explosion ripped through a Christian private school in Minneapolis, starting a fire and causing a building to collapse, authorities said.

Christian explosion gas injured killed Minneapolis private ripped school Wednesday

 

LOS ANGELES (Reuters) - A second body has been pulled from the rubble of a Minneapolis school following a gas explosion and building collapse, the city's fire chief said on Wednesday.

Angeles body explosion gas Los Minneapolis pulled REUTERS rubble school

 

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The RBI's decision to cut the repo rate in the August MPC meeting remains in line with the consensus, though against our expectation of a status quo on rates. The MPC noted that upside risks to inflation have reduced, thereby, providing some space for policy action.However, despite largedownside surprise in CPI inflation in Q2 17, the central value of the RBI's CPI forecast for Q1 18 stays modestly above 4 per cent, the midpoint of the RBI's CPI target range.

cent CPI cut inflation monetary MPC policy rate RBI repo