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Airbus Profits Hit by Military Plane Woes

European airplane maker Airbus said Wednesday that its profits nosedived last year as charges related to problems with its A400M military cargo transport plane sent earnings into a tailspin.

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Trump-Fueled Stocks Rally Slows

A strong run for world equities since Donald Trump's election showed signs of reversing Wednesday as Wall Street posted losses and European equities trod water.

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Saudi Petrochemical Giant's Net Profits Fall in 2016

Saudi petrochemical giant SABIC's net profits fell almost five percent last year, in part due to lower sales prices, the firm announced Wednesday.

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Paris Visitor Numbers Hit in 2016 after Attacks

Paris saw a drop of 1.5 million tourists in 2016 as fears linked to terror attacks scared off visitors, especially from China and Japan, figures showed Tuesday.

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Russian and Libyan State Oil Giants Sign Deal

Russia's Rosneft oil giant has paved the way for investment in Libya's oil sector by signing a Cooperation Framework Agreement with the National Oil Corporation of Libya, it was announced Tuesday.

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Brazil Graft Scandal to Mushroom Abroad, Prosecutor Says

A vast corruption scheme that started in Brazil but morphed into a giant international scandal is about to spread even further, a top prosecutor warned Monday.

Brazil-based Odebrecht, one of the region's biggest construction companies, was at the heart of a scheme to bribe Brazilian state oil giant Petrobras in exchange for inflated contracts. 

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Rising Protectionism, Brexit Fears Spark HSBC Profit Fall

Protectionist fears under Donald Trump and uncertainties caused by Brexit sparked a huge plunge in 2016 profits, global banking giant HSBC said Tuesday.

Unveiling an 82 percent fall in its net profit, the bank said ongoing volatility and surging populism around the world would continue to hit its bottom line.

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European Stock Markets Climb but Unilever Sags

European stock markets rose Monday, with gains in London capped by a sharp drop in the share price of Unilever following the collapse of a proposed mega-merger.

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German Growth to Pick Up in First Quarter

Germany will see growth pick up in the first quarter of 2017, powered by industry and consumer spending, the country's central bank said Monday.

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China's Huge Debt Poses Big Headache for Central Bank

Chinese banks lent more money in January alone than the annual GDP of South Africa, as borrowers rushed to take advantage of government policies intended to stimulate the economy with easy credit.

But the free-for-all has had unintended consequences, creating a tottering tower of unsustainable debt, with Beijing now trying to tighten monetary policy and reduce access to credit without bringing the entire edifice crashing down.

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