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  • HELSINKI/ FRANKFURT, Jan 29- Nokia on Thursday reported strong profits at its core Networks business on the back of surging North American sales, but the shares fell back over an uncertain outlook, higher costs in its Technologies division and a disappointing dividend. The Finnish company, which sold its former flagship phones business to Microsoft last year,...

  • ZURICH, Jan 29- The world's biggest fragrance and flavour maker Givaudan said a challenging business environment meant sales growth this year would likely stay on a similar level to 2014, below the target range it has given for 2010-2015.. Underlying sales grew 3.7 percent last year, below Givaudan's mid-term target of 4.5-5.5 percent growth, to 4.4 billion...

  • HELSINKI/ FRANKFURT, Jan 29- Nokia reported higher than expected profits at its core Networks business on Thursday, on the back of strong sales in North America, but group profits took a knock from higher costs at its Technologies unit which handles its patents and develops new products. The Finnish company, which sold its former flagship phones business to...

  • HELSINKI— After selling its ailing handset unit, Nokia has turned a fourth-quarter net profit of 443 million euros with sales increasing nearly 10 percent, partly buoyed by strong growth in North America. The Finland- based company said Thursday that revenue grew to 3.8 billion euros in the period, from 3.48 billion euros a year earlier when it reported a net loss...

  • MISRATA, Libya, Jan 29- A power struggle between two rival governments that threatens to tear Libya apart has started to take its toll on Misrata, an important shipping and industrial hub that had shrugged off the turmoil until now. Oil production has collapsed to a fifth of what Libya used to pump before the NATO- backed uprising, while wheat imports and other...

  • HICKORY, N.C.— CommScope is buying TE Connectivity's telecom, enterprise and wireless businesses for about $3 billion, which will help diversify its operations and broaden its geographic reach. The deal does not include subsea communications or data communications businesses owned by TE Connectivity Ltd.. CommScope, based in Hickory, North Carolina,...

  • KIGALI, Jan 27- International Monetary Fund head Christine Lagarde has warned that African economies could be hurt by a slowdown in China's economy and an imminent hike in United States interest rates. "Momentum is slowing in many advanced and emerging economies, including China- one of Africa's main trading partners," Lagarde told Rwandan lawmakers in the...

  • Russia's 2014 arms sales top $15 bln - Putin Tuesday, 27 Jan 2015 | 10:49 AM ET

    MOSCOW, Jan 27- Russia sold more than $15 billion worth of arms in 2014, President Vladimir Putin said on Tuesday, adding that new signed orders stood at nearly $14 billion. Russia is the world's second-largest arms exporter after the United States. "Russia will expand its presence on such prospective markets and the Asia-Pacific region, Africa, Latin America and...

  • JOHANNESBURG, Jan 27- Wrapping up a monetary policy speech last week, Nigerian central bank governor Godwin Emefiele declared that the naira, which has crumpled to 190 to the dollar with the drop in oil prices, was "appropriately priced". However, when currency dealers in Lagos and other financial centres in Africa and Europe got to work the next morning and turned...

  • Jan 27- 3 M Co, the maker of adhesives and abrasives including Post-it notes, reported a lower-than-expected 2 percent rise in quarterly revenue, hurt by a stronger dollar. The effect was most marked in Europe, Middle East and Africa, where 3 M's sales fell 6.4 percent. Net income attributable to 3 M rose to $1.18 billion, or $1.81 per share, in the fourth quarter ended...

  • Dubai's airport operator released figures Tuesday showing that 70.5 million passengers streamed through the sparkling halls of Dubai International last year. Dubai Airports CEO Paul Griffiths predicts Dubai International will handle a record 79 million passengers this year as it offers "more flights connecting more people to more destinations."

  • Oxfam: Rich countries must support Ebola recovery Tuesday, 27 Jan 2015 | 5:40 AM ET

    ABIDJAN, Ivory Coast— Rich countries must act swiftly to repair battered health systems and get cash to millions of families in the three countries hit hardest by the world's worst Ebola outbreak, the international development agency Oxfam said Tuesday. Though the economies of Sierra Leone, Guinea and Liberia were recording strong growth prior to the...

  • BUCHANAN, Liberia— The auburn-red soil and lush green vegetation lured the foreign investors to Liberia's third-largest city with visions of environmental gold. The Overseas Private Investment Corporation, a little known U.S. government agency 4,700 miles away, backed the venture with $217 million in loan approvals from 2008 to 2011..

  • TRIPOLI, Jan 26- Oil output from Libya, where ports and oilfields have been shut due to fighting, has fallen to 363,000 barrels a day with exports at about 200,000, the oil minister appointed by forces in control of the capital Tripoli told Reuters. Its oil minister, Mashallah Zwai, told Reuters in an interview that Libya is producing 362,780 bpd of oil, showing a...

  • NEW DELHI/ MUMBAI, Jan 26- India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of millions of its poor people living beyond the reach of traditional bank branches. The regulations announced by the central bank, the Reserve Bank of India, reflect a realization that traditional banks...

  • Every January, Dubai is decked out in lights, banners and roadside ornaments heralding the event. Dubai, one of seven federal states in the United Arab Emirates, has far smaller oil reserves than the capital Abu Dhabi, and its economy relies heavily on retail, tourism and international trade. Russian travel operators in Dubai reported a sharp drop in the number of...

  • Global economy hopes raised after European stimulus Saturday, 24 Jan 2015 | 8:51 AM ET

    DAVOS, Switzerland— The global economic outlook just got brighter after this week's big stimulus from the European Central Bank, leading policymakers from around the world said Saturday. In a panel at the World Economic Forum in Davos, they said a perkier Europe, coupled with a prolonged period of low oil prices, could help shore up the global economy following a...

  • *36 remote Guinea villages still inaccessible. CONAKRY, Jan 23- Angry residents are blocking access for health workers to dozens of remote villages in Guinea, in a sign of persistent mistrust that could threaten President Alpha Conde's aim to eradicate Ebola from the country by early March. Like its West African neighbors Liberia and Sierra Leone- the...

  • JOHANNESBURG, Jan 23- South Africa's Reserve Bank will keep its benchmark interest rate at 5.75 percent on Thursday following a dip in inflation due to lower oil prices, a Reuters poll forecast on Friday. A more stable rand, since the European Central Bank's decision on Thursday to launch quantitative easing lifted emerging market currencies, has also reduced...

  • NEW YORK— McDonald's isn't lovin' it, and it's going to do something about it. The world's largest hamburger chain reported falling earnings and sales for its fourth quarter on Friday and says it is going to take action this year to save money and bring customers back. But the fast-food giant said its problems won't be fixed overnight: It expects sales to remain weak...