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    Japanese firms in consortium to bring LNG to Australia’s east coast

    MELBOURNE, Feb 26 (Reuters) – A consortium including Japan’s JERA and Marubeni Corp is planning to import liquefied natural gas (LNG) to Australia’s east coast, aiming to supply industrial gas users and possibly a new power plant, a spokesman for the group said on Monday. This is the second proposed LNG import terminal for Australia, […] More

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    UPDATE 1-Shareholders in Brazilian meatpacker BRF seek management shake-up

    (Adds statement by Previ pension fund, paragraph 8) SAO PAULO, Feb 25 (Reuters) – The two largest shareholders in Brazilian food processing company BRF SA called on Sunday for an extraordinary shareholders meeting to replace the firm’s entire board of directors, following its worst annual results ever. Pension funds Petros and Previ said in statements […] More

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    General Electric to restate two years of earnings

    (Reuters) – General Electric (GE.N), the United States’ largest industrial conglomerate, will restate its earnings for 2016 and 2017 as it adopts a new accounting standard, according to a regulatory filing on Friday. The updated accounting standard, which will take into account revenue from long-term contracts, will result in a 13 cent cut in reported […] More

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    Nokia CEO sees big 5G rollouts nearly a year ahead of schedule

    BARCELONA/HELSINKI (Reuters) – Major telecom operators are accelerating their timelines for adopting next-generation 5G networks by up to a year, boosting Nokia’s confidence of an uplift for its own business later in 2018, Chief Executive Rajeev Suri said on Sunday. The mobile network equipment industry, dominated by China’s Huawei [HWT.UL], Finland’s Nokia and Sweden’s Ericsson, […] More

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    Nokia phones look to the future, and to the past

    BARCELONA/HELSINKI (Reuters) – Seeking to capitalise on their comeback over the past year, the makers of Nokia phones are expanding to include a premium Android smartphone, their first, and a remake of one of its biggest hits of the 1990s, the 8110 “slider” phone. Set up by ex-Nokia executives who have licensed the famous brand, […] More

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    Nokia CEO sees big 5G rollouts nearly a year ahead of schedule

    BARCELONA/HELSINKI (Reuters) – Telecom operators are accelerating their timelines for the roll-out of next-generation 5G networks, lifting Nokia’s confidence of an uplift for its business this year, Chief Executive Rajeev Suri said on Sunday. The telecom network industry, dominated by China’s Huawei [HWT.UL], Finland’s Nokia and Sweden’s Ericsson, is weathering the toughest part of a […] More

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    Telefonica launches ‘Aura’ voice assistant in six countries

    BARCELONA (Reuters) – Spanish mobile operator Telefonica on Sunday launched a voice-activated assistant, called ‘Aura’, in six countries, using artificial intelligence to interact with its customers. The announcement, on the eve of the Mobile World Congress in Barcelona, comes a year after Telefonica promised a makeover in response to U.S. tech giants like Amazon, whose […] More

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    Berlin sees no need to act on Geely’s purchase of Daimler stake

    BERLIN (Reuters) – The purchase by Chinese carmaker Geely (0175.HK) of an almost 10 percent stake in Germany’s Daimler (DAIGn.DE) is a company decision and there is no need for Berlin to take action, a German government spokesman said on Sunday. Chinese investors in German technology firms have tended to take a consensual approach, engaging […] More

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    Berkshire boosts liability estimate on AIG reinsurance contract

    (Reuters) – Berkshire Hathaway Inc (BRKa.N), the conglomerate run by billionaire Warren Buffett, on Saturday disclosed a $1.8 billion increase in estimated claim liabilities under a big reinsurance contract with American International Group Inc (AIG.N). In its annual report, Berkshire said the increase, to $18.2 billion, was made in the fourth quarter, and was based […] More

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    Permit revoked for Energy Transfer Partners’ Louisiana pipeline

    (Reuters) – A federal judge in Louisiana on Friday revoked a permit for Energy Transfer Partners’ Bayou Bridge crude oil pipeline, halting work on a portion of the project following protests by local and environmental groups. The decision by U.S. District Judge Shelly Dick in Baton Rouge underscores the growing clashes between energy pipeline operators […] More

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