Consumer Credit Rose by $18.14 Billion in February; January Revised to Show Smaller Jump Than Previously Expected
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Andrew Sheng, Chief Advisor at China Banking Regulatory Commission discusses the state of China's banking sector, saying the industry continues to grow despite the nation's shadow banking practices.
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Nov 15- Dollar Tree Inc reported a higher quarterly profit on Thursday as it controlled costs, and the retailer forecast holiday-quarter earnings above most analysts' estimates. Shares of Dollar Tree, which sells items for $1 or less at its namesake chain and at a variety of prices at its smaller Deal$ chain, rose more than 4 percent.
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Nov 15- Target Corp's quarterly profit beat Wall Street forecasts as the discount chain lured shoppers with a wider variety of food products and 5 percent discounts for its cardholders. Target said it had earned $637 million, or 96 cents per share, in the third quarter ended on Oct. 27, up from $555 million, or 82 cents a share, a year earlier.
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Nov 15- Viacom Inc reported a rise in quarterly profit, defying weak box-office sales and a challenging advertising environment. Viacom has been challenged by a drop in ratings at its once- popular cable networks MTV and Nickelodeon.
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MOSCOW, Nov 15- Russia's richest man Alisher Usmanov is to own 100 percent of the voting rights of a holding company he is setting up with his partners, through which he will maintain his control over mobile operator Megafon, according to MegaFon's IPO prospectus.
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*IPO would be biggest in Hong Kong since AIA in 2010. HONG KONG, Nov 15- Chinese state-owned insurer PICC Group is in talks with American International Group Inc and others to become cornerstone investors for its planned Hong Kong listing worth up to $4 billion, in what will be the city's biggest IPO in two years.
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MOSCOW, Nov 15- MegaFon, Russia's No. 2 mobile phone operator, wants to raise $1.7- $2.3 billion from a planned share listing in London and Moscow, it said as it kicked off an investor roadshow in New York.
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*IPO would be biggest in Hong Kong since AIA in 2010. HONG KONG, Nov 15- Chinese state-owned insurer PICC Group started meeting institutional investors in Hong Kong on Thursday to gauge demand for a listing worth up to $4 billion, braving a slump in equity deals with the city's largest IPO in two years.
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MOSCOW, Nov 15- Russia's No. 2 mobile phone operator MegaFon said on Thursday it aims to raise between $1.7 billion and $2.3 billion in an initial public offering in London and Moscow, as it kicked off an investor roadshow.
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HONG KONG, Nov 15- Hong Kong shares retreated on Thursday, dragged down by poor third quarter earnings by Chinese internet giant Tencent Holdings, while markets on the mainland were weaker as the country unveiled its new top leadership.
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Nov 15- Dollar Tree Inc reported a higher quarterly profit on Thursday and said it expects sales to rise during the current holiday quarter.
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Nov 15- Target Corp posted a higher quarterly profit on Thursday, as the discount chain lured shoppers with a wider variety of food products and 5 percent discounts for its credit cardholders. Target earned $637 million, or 96 cents per share, in the fiscal third quarter, up from $555 million, or 82 cents, a year earlier.
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Nov 15- Viacom Inc on Thursday reported a decline in quarterly revenue on a sharp drop in movie box office sales, but its profit rose. Viacom, the parent of cable networks MTV and Nickelodeon and movie studio Paramount Pictures, said net income for the fourth quarter ended in September was $643 million, or $1.24 per share, up from $576 million, or $1.00 per share.
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Nov 15- Wal-Mart Stores Inc posted a higher quarterly profit on Thursday, helped by strong sales of back-to-school merchandise in the United States.
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Nov 14- Diamond Foods Inc on Wednesday restated financial results for fiscal years 2010 and 2011 erasing $56.5 million in profit, and it posted a net loss for the first three quarters of 2012, after an accounting scandal hurt its ability to do business.
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Nov 14- Snack food company Diamond Foods Inc reported restated financial results for fiscal years 2010 and 2011 on Wednesday that erased $56.5 million in profit.
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*Sees $2.85- $3.00 per share for year, vs estimated $2.48. Nov 14- Robust demand in foreign markets helped Abercrombie& Fitch Co report unexpectedly improved third-quarter profit and a full-year outlook that exceeded analysts' estimates, sending shares up as much as 30 percent on Wednesday.
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Nov 14- Debt-laden Overseas Shipholding Group Inc, the world's No. 2 independent tanker operator by fleet size, filed for Chapter 11 bankruptcy protection on Wednesday after talks with lenders over a $1.5 billion facility foundered.
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*Tyco expects fiscal 2013 earnings per share of $1.75 to $1.85. Nov 14- Tyco, a provider of commercial fire and security systems and services, reported a quarterly net loss on Wednesday, weighed down by costs from the breakup of the diversified Tyco International conglomerate.
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*Loblaw Q3 EPS 77 Canadian cents vs 83 cents. Nov 14- Loblaw Cos Ltd, Canada's biggest grocer, raised its dividend even as it reported lower quarterly profit on Wednesday, while rival Metro Inc said its profit rose, helped by an extra week in the quarter and a recent acquisition.
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