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Reliance profits rise to unexpected levels
Reliance Industries Ltd., owner of the world’s biggest oil refining complex, reported an unexpected increase in profit as earnings from investments and lower finance costs compensated for a drop in operating income. Net income rose to 55.1 billion rupees ($894 million), or 17.10 rupees a share, in the three months ended
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U.S. business spending picking up, but may slow in second quarter
By Lucia Mutikani | WASHINGTON WASHINGTON New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments
Wal-Mart helps Wall Street's record-setting rally march on
U.S. stocks rose to fresh record highs on Tuesday, boosted by strong earnings reports from Wal-Mart and Home Depot and continued optimism about the economic agenda of President Donald Trump.Wal-Mart's (WMT.N) shares were the top gainer in the Dow Jones
Fed and ECB go their separate ways
By Balazs Koranyi | FRANKFURT FRANKFURT Two of the world's biggest central banks are likely to find themselves with a bigger
