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Bank of America moves some of its Russia-based bankers to Dubai

Bank of America (BofA) (BAC.N) is moving some of its Russia-based bankers to Dubai, two sources told Reuters, following a move by several Western banks this year to relocate staff

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Stora Enso sells paper mill to German Lidl owner Schwarz Group

Finnish forestry group Stora Enso (STERV.HE) said on Tuesday it would sell its Maxau paper production site in Germany to Schwarz Group, the owner of discount supermarket chains Lidl GB

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UBS to boost dividend, sees buybacks above 2022 target

UBS Group (UBSG.S) plans to increase its dividend by 10% and expects 2022 share repurchases to exceed its $5 billion goal, the Swiss bank said, boosting payouts from its strong

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Tonic maker Fevertree’s half-year profit dips on cost pressures

Tonic maker Fevertree (FEVR.L) reported a fall in profit for the first half of the year despite strong demand in Europe and the U.S., as inflationary pressures and continued exposure

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Inflated hopes?

A look at the day ahead in European and global markets from Tom Westbrook Traders in Asia hit pause on four days of selling dollars and buying stocks as focus

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Bank of America CEO predicts income boost from higher rates

Bank of America Corp (BAC.N) expects a “big bump” in the income it earns from rising interest rates, its chief executive officer told investors at a conference on Monday. “We’re

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Volkswagen’s Mexico workers accept 9% raise deal in third vote

Workers at Volkswagen’s (VOWG_p.DE) main Mexico plant voted on Monday to approve a deal for 9% wage raises, after snubbing the proposal twice last month. Volkswagen de Mexico last week

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