Total to Review Russia Sanctions

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The oil major, which posted a 12% drop in its second-quarter adjusted net profit, will review the Russia sanctions and discuss them with its partners in Russian projects at the end of August.

Telefónica Circles Mexican Rival

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Telefónica said it is in talks to buy a Mexican rival, reported to be Iusacell, in a deal that could be worth as much as $4 billion.

Banks in Euro Zone Ease Credit Standards

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Banks in the euro zone eased the standards they apply on loans to companies for the first time since before the global financial crisis.

Bayer's Second-Quarter Profit Rises 14%

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Bayer's second-quarter net profit increased 14%, helped by robust demand for its latest drugs and crop protection products, but the German company tweaked its full-year outlook to reflect the strength of the euro against other currencies.

AstraZeneca in Respiratory Drugs Deal

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AstraZeneca has agreed to buy the rights to Almirall's respiratory drugs in a deal worth more than $2 billion.

Nintendo Swings to Net Loss

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Nintendo said that it swung to a net loss in its fiscal first quarter, blaming a dearth of hit games and weak demand for its flagship Wii U console.

Rio Tinto Offloads Mozambique Coal Assets

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Rio Tinto is selling its Mozambique coal assets to India's International Coal Ventures for $50 million, marking the end of one of the mining giant's costliest deals during the commodities boom.

Peugeot Car Unit Returns to Profit

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Stiff cost cuts helped French car maker Peugeot Citroën's automobile unit to nose back into the black in the first half for the first time in three years, paring the overall company's losses amid rising sales in Europe and China.

Amazon to Invest $2 Billion in India

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Amazon.com said that it will invest $2 billion to expand in India as competition for customers heats up in the fast-growing, South Asian e-commerce market.

Ireland's AIB Posts Landmark Profit

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One of Ireland's dominant lenders Allied Irish Banks, which avoided collapse during the country's banking debt crisis, posted its first profit since 2008.

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