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Reuters: Money News
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Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
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European shares lower ahead of Greek high noon
LONDON (Reuters) - The euro and European shares retreated on Monday on nerves Greek would fail to come up with the political commitments needed to avoid a potential sovereign debt default, taking the shine off a U.S. jobs report that had brightened the global economic outlook.
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Hindustan Unilever Q3 net profit up 18 pct, beats f'cast
MUMBAI (Reuters) - Hindustan Unilever, the Indian unit of Anglo-Dutch Unilever Plc, beat market forecasts with an 18 percent jump in quarterly net profit, sending its shares up nearly 2 percent.
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INSIGHT - Two firms flourish in frenzied MF Global aftermath
NEW YORK (Reuters) - The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business.
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Piramal Healthcare raises 18 bln rupees for Vodafone stake
MUMBAI (Reuters) - Drugmaker Piramal Healthcare raised 18 billion rupees through commercial papers with 30-day and 75-day maturities, to pay in part for raising its stake in Vodafone India unit, Rajesh Laddha, group chief financial officer told reuters on Monday.
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India faces challenges on stable rating outlook: S&P
MUMBAI (Reuters) - India is facing some challenges on its stable rating outlook and the balance of risk factors for its rating may be shifting slightly toward the negative, Standard & Poor's rating service said.
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RBI slightly relaxes FX curbs for some banks
MUMBAI (Reuters) - The Reserve Bank of India (RBI) has told banks they can ask it to slightly relax individual limits on net open position s in foreign exchange, which were cut sharply in December, Deputy Governor H.R. Khan said.
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Telenor says will fight licence cancellation in India
NEW DELHI (Reuters) - Norway's Telenor will continue to fight but exit from India is also an option, after the Supreme Court ordered cancellation of telecoms licences issued in 2008, including 22 held by its Indian joint venture.
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Greek parties face Monday EU bailout deadline
ATHENS (Reuters) - Greece's coalition parties must tell the European Union on Monday whether they accept the painful terms of a new bailout deal as EU patience wears thin with political dithering in Athens over implementing reforms.
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Upstream oil cos to bear 38 pct of subsidy share: source
NEW DELHI (Reuters) - The government has asked upstream oil companies to compensate state-run oil refiners for 37.91 percent of revenue losses on fuel sales during April to December 2011, a government source told reporters.
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Glencore offers 8 pct premium to Xstrata to seal merger - FT
REUTERS - Commodities trader Glencore International is set to offer a bigger-than-expected premium to seal its proposed $88 billion merger with global miner Xstrata Plc , the Financial Times reported on Monday.
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