Belgium News
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Anglo American Plc agreed to buy the Oppenheimer family’s 40 percent stake in De Beers for $5.1 billion in cash, ending the dynasty’s 80-year ownership in the world’s largest diamond miner.
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Belgium’s regional governments should run budget surpluses by 2015 or risk putting the country’s social security in question, National Bank of Belgium Governor Luc Coene said in a radio interview.
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The U.S. Securities and Exchange Commission is reviewing trades in MF Global Holdings Ltd. convertible bonds to determine whether some investors sold the debt based on confidential information before the firm’s demise, according to two people with direct knowledge of the matter.
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ArcelorMittal, the world’s biggest steelmaker, posted third-quarter profit that missed analyst estimates and said it’s experiencing “volume and price pressures” in the final three months of 2011.
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Credit-default swaps on corporate and sovereign bonds fell after Greek Prime Minister George Papandreou backed away from a referendum on the terms of the country’s bailout package.
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Binani Industries Ltd., an Indian maker of cement and zinc, is considering buying Platinum Equity LLC’s fiber glass unit for about $275 million, two people with direct knowledge of the matter said.
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Wooden pallets churned out in their billions over the five decades during which they’ve dominated world trade face a challenge from a cardboard rival that’s the brainchild of furniture retailer Ikea Group.
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BNP Paribas SA, France’s largest bank, said third-quarter profit fell 72 percent because of a 2.26 billion-euro ($3.1 billion) writedown on Greek sovereign debt and losses from selling European government bonds.
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In his 24-year career at Goldman Sachs Group Inc., Jon Corzine made a name for himself as an intrepid trader who pushed the limits of risk.
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GDF Suez SA, operator of all of Belgium’s nuclear reactors, said the country hasn’t made a final decision on the future of the atomic plants.
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