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27 Jan

Spirits maker Diageo posts 16% rise in first-half sales

LONDON (Reuters) -Diageo, the maker of Johnnie Walker whisky and Tanqueray gin, on Thursday said that first-half sales rose nearly 16% as more consumers bought high-end spirits and bars increased orders as they reopened after coronavirus lockdowns.

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27 Jan

Exports booming, Taiwan's China Airlines orders 4 more Boeing freighters

Taiwan's China Airlines Ltd said on Thursday its board had approved the purchase of four more Boeing Co 777F freighters, adding to an earlier order for six of the same model as it steps up capacity to support the island's booming exports.

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27 Jan

China property shares slump as planned U.S. rate hike adds to woes

HONG KONG (Reuters) -China Evergrande Group shares slumped on Thursday after the developer's thinly detailed roadmap for restructuring left investors dissatisfied and its indebted peers also fell on concerns higher interest rates would raise financing costs.

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27 Jan

Deutsche Bank nearly triples Q4 profit, defying expected loss

FRANKFURT (Reuters) -Deutsche Bank nearly tripled its fourth-quarter profit, defying expectations for a loss, as revenues at the investment bank rose.

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27 Jan

U.S. crop insurance payouts rise sharply as climate change worsens droughts, floods

Insurance payments to U.S. farmers for crops lost to droughts and flooding have risen more than threefold over the past 25 years, according to an analysis of federal data by the Environmental Working Group (EWG) released on Thursday.

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27 Jan

Software group SAP to buy majority stake in U.S. fintech firm Taulia

SAP said on Thursday it has agreed to buy a majority stake in privately held U.S. fintech firm Taulia as the German business software group seeks to expand its presence across supply-chain financing and working capital loans.

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27 Jan

Evergrande shares fall as restructuring roadmap disappoints creditors

HONG KONG (Reuters) -Shares of China Evergrande Group tumbled on Thursday, as investors in the debt-laden developer were sceptical of the company's thinly detailed plan to have a preliminary restructuring proposal in place in six months.

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