The top world economic stories

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France-telecommunication-company-earnings-takeover-Bouygues-SFR-Orange

PARIS: Bouygues Telecom made a 14.5 billion euro ($19.9 billion) offer for Vivendi's SFR unit in a deal that could create a new French telecoms powerhouse amid a wave of consolidation in the sector.

ECB-economy-forex-eurozone-bank-rate

FRANKFURT: The European Central Bank held its key interest rates steady at its monthly policy meeting, as largely expected, keeping the central "refi" or refinancing rate at 0.25 percent.

Britain-economy-bank-forex-rate

LONDON

The Bank of England voted to keep its main interest rate at 0.50 percent, five years after deciding to cut borrowing costs to the current record-low level.

SAfrica-energy-economy

JOHANNESBURG: South Africa's state-owned utility firm Eskom began rolling cuts to save power after coal shortages and technical problems seriously slashed energy generation, the first such outage since 2008.

India-trade-forex-stocks-economy

NEW DELHI: India's currency firmed and shares rose after a marked improvement in the current account deficit in the last quarter, a change one analyst called "heartening".

Germany-economy-industry-orders-indicator

FRANKFURT: German industrial orders, a key measure of demand for German-made goods both at home and abroad, showed a higher than expected 1.2 percent rise in January after contracting the previous month, data indicated.

India-US-diplomacy-trade

NEW DELHI: The first senior US government official to visit India after a damaging diplomatic row said Thursday the two countries should focus on "talk and trade" as they look to get their partnership back on track.

HongKong-China-auction-IPO-stocks

HONG KONG: Shares in the first Chinese auction house to be listed in Hong Kong, Poly Culture Group, closed up 29 percent on their debut, following the firm's $331 million initial public offering.

Britain-insurance-earnings-business-Aviva

LONDON: British insurer Aviva said it had swung back into profit during 2013, earning £2.0 billion ($3.3 billion, 2.4 billion euros) as it underwent major restructuring and after it avoided a huge write-down suffered the previous year.

Australia-clothing-retail-Billabong-justice

SYDNEY: Embattled Australian surfwear firm Billabong said it would defend itself against claims it misled investors by issuing strong earnings guidance just months before its share price plummeted.
 
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