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NEW DELHI/ SEOUL, May 21- India has slashed Iranian oil imports by almost a fifth since December, the sharpest cut among Asian buyers, in a move that should increase its chances of winning a new U.S. waiver next month on sanctions targeting oil trade with Iran.
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FRANKFURT, May 16- Emerging markets will see the highest growth in premiums for insurance companies this year and next, while Europe lags, according to the world's biggest reinsurer, Munich Re. In a study published on Thursday, Munich Re forecast growth in property-casualty insurance premiums of about 6 percent in Eastern Europe and Latin America in 2013-2014..
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By Peter Maushagen and Marilyn Gerlach. But the results have been mixed at best and Germany's biggest airline has suspended its dividend and slashed costs as part of a painful strategic overhaul overseen by his successor, Christoph Franz.
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LONDON, May 7- Generali's private bank BSI attracted bids below its estimated 2.3 billion Swiss francs book value, four people familiar with the situation said on Tuesday.
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NEW YORK, May 7- David Einhorn's Greenlight Capital has added to its investment position in Apple Inc, Einhorn, the hedge fund's president, said on Tuesday. "We've added to our Apple position. Now we just wait for the release of Apple's next blockbuster product, "Einhorn said on a conference call for his Cayman Island- based reinsurer Greenlight Capital Re Ltd.
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NEW YORK, May 7- David Einhorn's Greenlight Capital has added to its investment position in Apple Inc, Einhorn, the hedge fund's president, said on Tuesday. "We've added to our Apple position. Now we just wait for the release of Apple's next blockbuster product, "Einhorn said on a conference call for his Cayman Island- based reinsurer Greenlight Capital Re Ltd.
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David Einhorn, hedge fund manager and chairman of reinsurer Greenlight Capital Re, said on Tuesday he had added to the firm's investment position in Apple.
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By Peter Maushagen and Marilyn Gerlach. COLOGNE, May 7- Lufthansa urged shareholders to back the appointment of former CEO Wolfgang Mayrhuber to lead the German airline's supervisory board on Tuesday after an embarrassing reversal that saw him withdraw and then resubmit his candidacy within hours.
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*Munich Re Q1 net profit 972 mln euros vs forecast 931 mln. FRANKFURT, May 7- Low damage claims and rising premiums helped to shield earnings at German reinsurers Munich Re and Hannover Re in the first quarter, as the sector battles to shore up profits amid record low interest rates.
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Tom Carstairs, analyst at Berenberg, highlights that results from European re-insurers have been quite strong and explains why he expects pricing pressure to impact the sector in Q3.
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LONDON, May 7- European equities nudged higher on Tuesday, bolstered by a crop of better-than-expected corporate earnings and with the German DAX index testing tough technical resistance levels en route to record highs.
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Commerzbank, reinsurer Munich Re, builder Skanska and brewer Carlsberg were. among companies adding some unforeseen cheer to what has been a fairly mixed first quarter earnings season in Europe. In Europe, ECB President Mario Draghi on Monday reiterated that the central bank was ready to offer further economic stimulus if needed.
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LONDON, May 7- European equities nudged higher on Tuesday, bolstered by a crop of better than expected corporate earnings and with the German DAX index closing in on record highs.
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LONDON, May 7- European equities nudged higher on Tuesday, bolstered by a crop of better than expected corporate earnings and with the German DAX index closing in on record highs.
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LONDON, May 7- European stock market futures pointed to a higher open on Tuesday, with solid earnings reports helping to consolidate last week's gains and send stocks back up towards multi-year highs as Europe's biggest financial centre reopened after a holiday.
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*Munich Re beats forecasts with Q1 net profit. FRANKFURT, May 7- Low damage claims and rising premiums helped shield earnings at German reinsurers Munich Re and Hannover Re in the first quarter, as the sector battles to shore up income against a backdrop of record low interest rates.
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FRANKFURT, May 7- The DAX top-30 index looked set to open 0.1 percent higher on Tuesday, according to premarket data from brokerage Lang& Schwarz at 0616 GMT. Germany's second biggest lender slipped to a net loss in the first quarter as its efforts to cut 4,000 to 6,000 jobs by 2016 weighed on earnings.
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NEW YORK, May 7- David Einhorn's Greenlight Capital has added to its investment position in Apple Inc. In a conference call for his Cayman Islands- based reinsurer Greenlight Capital Re Ltd, Einhorn did not specify when the hedge fund added to its Apple position or the size of its current holdings.
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FRANKFURT, May 6- Former Lufthansa Chief Executive Wolfgang Mayrhuber is back in the running to become supervisory board chairman of Germany's biggest airline after overcoming shareholder opposition to his candidacy.
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FRANKFURT, May 6- Lufthansa's former chief executive Wolfgang Mayrhuber has withdrawn as a candidate to become chairman of Germany's largest airline following protests from shareholders, the company said on Monday. He is chairman of the supervisory board at German chipmaker Infineon and a board member at reinsurer Munich Re.