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Standard Bank to sell investment in Troika Dialog

By Agency Reporter TDM Limited Partnership, the 63.6 per cent controlling shareholder of Troika Dialog, led by Mr. Ruben Vardanian, Sberbank of Russia and Standard Bank Group, have agreed on the terms of Sberbank’s proposed acquisition of Troika Dialog, Standard Bank said in a statement on Friday. Sberbank is the […]

Irish banks’ home-loan losses rise

By Agency Reporter Perched on a chair overlooking a wood panel-lined room in Dublin’s High Court, a bespectacled Judge Elizabeth Dunne has become all-too-used to hearing from the victims of Ireland’s economic meltdown, Bloomberg said on Saturday. Each Monday, Dunne presides over repossession hearings, with one in 10 Irish mortgages […]

Oil settles lower for fourth day after Japan quake

By CHRIS KAHN, AP Energy Writer NEW YORK – The recent surge in oil prices skidded to a halt this week as economists raised concerns about weakening world demand, and a massive tsunami struck one of the world’s biggest oil importers.   Japan is the third-largest oil importer in the […]