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  • *Complaints submitted to police in Nov& Dec 2017. JOHANNESBURG, Jan 17- South Africa's companies registry office is pursuing criminal complaints against SAP, KPMG and McKinsey on suspicion that business they conducted with friends of President Jacob Zuma broke the companies act, it said on Wednesday. The Companies and Intellectual Property Commission...

  • LONDON, Jan 17- Britain's Rolls-Royce said on Wednesday it was considering the sale of its commercial marine business, which has been hit by weak demand in offshore oil and gas markets, as part of a restructuring of the company into three core units. They were trading up 7.2 percent at 1330 GMT. Chief Executive Warren East said the latest overhaul would enable the...

  • FRANKFURT, Jan 17- Deutsche Bank expects to move fewer staff than some senior officials had expected from London to the continent following Britain's departure from the European Union. "Not thousands will move from London, but rather hundreds", Stefan Hoops, the head of Deutsche Bank's capital market division in Germany, told journalists on Wednesday.

  • Tighter fundamentals have lifted both crude futures benchmarks about 13 percent above levels in early December, helped by production curbs by OPEC and Russia, as well as by healthy demand growth. Brent crude futures were at $68.90 a barrel at 1314 GMT, down 25 cents from the last close, after hitting $69.37. "Currently there is no reason to believe that there has...

  • LONDON, Jan 17- Nomad Foods said on Wednesday it had agreed to buy Britain's Goodfella's Pizza from a subsidiary of Boparan Holdings for 225 million euros, adding frozen pizza to its Birds Eye fish fingers and Iglo spinach brands. Nomad, formed in 2014 as a vehicle to consolidate Europe's slow-growing frozen foods market, has not done a deal since 2015, as it worked...

  • SEATTLE _ Washington Federal Inc. on Wednesday reported fiscal first-quarter earnings of $51.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share. Washington Federal shares have risen nearly 4 percent since the beginning of the year.

  • Shares of IBM gained 1.7 percent at $166.72 in premarket trading. "There is room for another cloud player," Barclays analyst Mark Moskowitz wrote in a note titled "IBM- A New Dawn Emerges" and raised his price target on the stock to $192 from $133. The company, which will report after U.S. markets close on Thursday, trumped Wall Street's estimates for both profit and...

  • PARIS— The Latest on a disputed airport plan in France:. A top French regional official has lashed out at the central government for its decision to abandon a highly contentious airport project in his area in western France, saying it has "trampled on democracy." Philippe Grosvalet, president of the Loire-Atlantique department, said on BFM TV on Wednesday that the...

  • Jan 17- Goldman Sachs Inc on Wednesday reported a quarterly profit that trumped analysts' estimates, as strength in its investment banking business helped cushion the blow from a slump in trading. Net loss applicable to shareholders was $2.14 billion or $5.51 per share in the fourth quarter ended Dec. 31, compared with profit of $2.15 billion or $5.08 per share...

  • LONDON, Jan 17- Britain's Rolls-Royce said on Wednesday it was considering the sale of its commercial marine business, which has been hit by weak demand in offshore oil and gas markets, as part of a restructuring of the company into three core units. The aero-engine maker said it would simplify the business into civil aerospace, defense and power systems units,...

  • ZURICH, Jan 17- Swiss secrecy could be rolled back further under a plan to eliminate a class of company share that can be used to help owners dodge taxes by hiding their identities. Long seen as a haven for the wealthy to stash their money, Switzerland has already dismantled banking secrecy by agreeing to send information about customers' accounts to foreign tax...

  • KUWAIT, Jan 17- A start-up airline in the United States has offered a 25 percent stake to Qatar Airways, chief executive Akbar al-Baker said on Wednesday, providing another opportunity for the Gulf airline to broaden its reach. Qatar Airways, which cannot fly to the lucrative markets of Saudi Arabia and United Arab Emirates because of an economic boycott, late...

  • JOHANNESBURG— Global management consultancy firm McKinsey is coming under increasing scrutiny in South Africa amid government efforts to recover funds linked to a corruption scandal. South African media outlets are reporting that asset forfeiture officials have filed an affidavit alleging that the country's power utility made a $130 million illegal...

  • CARACAS/ SAN CRISTOBAL, Venezuela, Jan 17- A wave of looting by hungry mobs across Venezuela has left streets of shuttered shops in provincial towns and pushed some store owners to arm themselves with guns and machetes, stirring fear that the turmoil could spread to the capital Caracas. The unrest was sparked by shortages of pork for traditional holiday meals,...

  • BANK OF AMERICA CEO SAYS CUSTOMERS SHOULD' BE CAREFUL' WHEN INVESTING IN CRYPTO CURRENCY FUND BITCOIN INVESTMENT TRUST.

  • Jan 17- Bank of America Corp's net profit nearly halved compared with a year earlier as it booked a $2.9 billion charge stemming from the new federal tax law although it beat analysts' estimates when adjusted for the charge. Excluding the tax charge, Bank of America earned $5.3 billion, or 47 cents per share. The company's woes have rippled through Wall Street with...

  • ZURICH, Jan 17- Swiss secrecy could be rolled back further under a plan to eliminate a class of company share that can be used to help owners dodge taxes by hiding their identities. Long seen as a haven for the wealthy to stash their money, Switzerland has already dismantled banking secrecy by agreeing to send information about customers' accounts to foreign tax...

  • NEW YORK— Goldman Sachs posted a $1.93 billion in the fourth quarter, the investment bank said Wednesday, as the bank had to record more than $4 billion in charges related to the new tax law. Goldman had a net loss of $5.51 a share, compared with a profit of $2.35 billion, or $5.08 a share, in the same period a year earlier. It had $3.32 billion in charges related to foreign...

  • Jan 17- Goldman Sachs Inc on Wednesday reported a quarterly loss, hit by a one-time charge of $4.40 billion from the sweeping tax code changes enacted by President Donald Trump. Net loss applicable to shareholders was $2.14 billion or $5.51 per share in the fourth quarter ended Dec. 31, compared with profit of $2.15 billion or $5.08 per share last year....

  • Reflecting the apparent disquiet among some ECB policymakers about the euro's vigour, a remark by European Central Bank policymaker Ewald Nowotny that the euro's recent strength against the U.S. dollar is "not helpful" encouraged a bout of profit-taking before a policy meeting next week. In an interview to an Italian daily la Repubblica, Vitor Constancio, the...