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Russia's finance ministry admits sanctions bite

By Lidia Kelly and Darya Korsunskaya MOSCOW (Reuters) - Russia's Finance Ministry said on Friday it may be forced to cancel plans to borrow abroad this year, admitting that sanctions imposed by the West are already stinging. The United States imposed sanctions on Russian President Vladimir Putin's close allies over the annexation of Ukraine's... Read more...

Next phase of Gulf oil spill trial set for 2015

NEW ORLEANS (AP) — A federal judge has set a tentative trial date next year to consider federal Clean Water Act penalties that BP could face for the millions of gallons of oil that spilled into the Gulf of Mexico after the 2010 Deepwater Horizon rig explosion.... Read more...

US stocks rise for the first time in four days

US stocks rise for the first time in four daysNEW YORK (AP) — Maybe the sell-off was a little overdone.

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In smartphone mass-market, Samsung, Apple have margins on their minds

In smartphone mass-market, Samsung, Apple have margins on their mindsBy Miyoung Kim SEOUL (Reuters) - As the smartphone action shifts to the mass market, leaders Samsung Electronics Co Ltd and Apple Inc are under pressure to make their high-end phones more affordable to revive sales. Samsung, which said on Tuesday it would likely post a second straight quarterly profit decline, has knocked around a tenth off the price of its Galaxy S5 in South Korea, in the first such move for a marquee smartphone launch - the S5

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Hudson's Bay to invest in online retailing, warns on profit

Hudson's Bay to invest in online retailing, warns on profitCanadian department store operator Hudson's Bay Co , which bought U.S. luxury chain Saks Inc last year, forecast weaker-than-expected 2014 earnings as it spends more to build up its online shopping sites. Hudson's Bay shares fell as much as 9 percent, making the stock one of the biggest losers on the Toronto Stock Exchange as the company also reported a steep fall in fourth-quarter profit. The company said it expects adjusted earnings

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Bruised stocks sag before U.S. earnings start

Bruised stocks sag before U.S. earnings startBy Marc Jones LONDON (Reuters) - A three-day sell-off in world stocks slowed on Tuesday as investors settled into position for the start of U.S. earnings season and gains in China added to signs of revived emerging-market demand. European shares and bonds were both dragged down by ongoing caution, amid renewed tension in Ukraine and signs the European Central Bank may not be as eager to begin large-scale stimulus as had been hoped. "The QE

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