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French election relief sends Europe soaring

LONDON European shares opened sharply higher and the euro briefly vaulted to five-month peaks on Monday after the market's favored candidate won the first round of the French election, reducing the risk of another Brexit-like shock.

Recent Business News

Oil recovers some ground, rise in U.S. drilling caps gains

LONDON Oil prices recovered some lost ground on Monday after big losses last week, driven by expectations that OPEC will extend output cuts till the end of 2017, although a relentless rise in U.S. drilling capped gains.

5:42am EDT

LafargeHolcim CEO to depart in wake of Syria controversy

ZURICH LafargeHolcim Chief Executive Eric Olsen will leave the company in July, the world's largest cement maker said on Monday, in the wake of an investigation into allegations the company paid armed groups in Syria to keep a plant operating.

2:09am EDT

Luxury retailer Jimmy Choo puts itself up for sale

LONDON British luxury retailer Jimmy Choo is seeking offers for the company as part of a review of its strategic options to maximize shareholder value, it said on Monday.

3:57am EDT

Local, global security firms in race along China's 'Silk Road'

SHANGHAI/BEIJING Global security companies and their smaller Chinese rivals are jostling for business along Beijing's modern-day "Silk Road", the grandiose plan for land and sea routes connecting the world's second largest economy with the rest of Asia and beyond.

Apr 23 2017

HSBC confident can maintain dividend, exceed cost targets: CEO

HONG KONG HSBC Holdings Plc is confident it can maintain dividend payouts in the foreseeable future and expects to exceed risk-weighted asset and cost-saving targets, the bank's chief executive Stuart Gulliver said on Monday.

5:44am EDT

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