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Wednesday, February 12, 2014

Business Today: China trade, U.S. budget deal push world stocks to sixth day of gains

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02/12/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
China trade, U.S. budget deal push world stocks to sixth day of gains
LONDON (Reuters) - Global shares were on track to post their longest winning run in five months as they rose for a sixth straight day on Wednesday, boosted by upbeat trade data from China and a U.S. House deal extending the federal borrowing authority.
Wall Street's most eligible banker Fleming waits for suitor
NEW YORK (Reuters) - Wall Street power brokers are betting that Greg Fleming will be chief executive of a major U.S. company one day, but no one is quite sure of which one or when.
SocGen raises dividend payout after swing to fourth-quarter profit
PARIS (Reuters) - French bank Societe Generale pledged on Wednesday to return more capital to shareholders in 2014, after a swing to a fourth-quarter profit capped a long-running push to boost the strength of its balance sheet.
Thomson Reuters posts sharper-than-expected fall in profit
(Reuters) - Thomson Reuters Corp on Wednesday reported a steeper-than-expected drop in fourth-quarter earnings, hurt by cutbacks at financial institutions in Europe and in emerging markets.
Microsoft denies global censorship of China-related searches
BEIJING (Reuters) - Microsoft Corp denied on Wednesday it was omitting websites from its Bing search engine results for users outside China after a Chinese rights group said the U.S. firm was censoring material the government deems politically sensitive.
Bank of England hints at 2015 rate rise
LONDON (Reuters) - The Bank of England hinted on Wednesday that interest rates may need to start rising in just over a year as it broadened its guidance on when it will consider the economy to be healthy enough to cope with higher borrowing costs.
Alibaba share sale values the China e-commerce firm at $128 billion
BEIJING (Reuters) - A rare sale of a stake in Alibaba Group Holding values China's dominant e-commerce company at around $128 billion, Reuters calculations show.
SoftBank says U.S. consolidation necessary to rise above No.3 rank
TOKYO (Reuters) - SoftBank Corp's billionaire chief executive said he was not happy as just No. 3 in the U.S. mobile market and that consolidation was necessary there, as regulators indicate resistance to an acquisition of No. 4 carrier T-Mobile US Inc .
Prada 2013 sales growth of 9 percent lags estimates
HONG KONG (Reuters) - Italian fashion house Prada SpA said on Wednesday that sales grew just 9 percent in the year ended January 31, hurt by economic weakness in Europe and a stronger euro.
China to spend extra $10 billion in restive Xinjiang this year
BEIJING (Reuters) - The Chinese government will pump 61.66 billion yuan ($10.17 billion) in extra funds into the restive far western region of Xinjiang this year to improve housing and employment, state media said on Wednesday.
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