Middle East Refinery Expansion Plans Hit Snags

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Middle Eastern countries are experiencing setbacks in plans to expand their oil-refining capacity, dealing a blow to efforts to address an expensive irony: petroleum-rich nations importing products such as gasoline.

Greek Stocks Fall as Exchange Reopens

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Greece’s main stock index fell more than 20% after opening for the first time in five weeks.

Global Stocks Steady Ahead of Greek Reopen

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Global stocks started the week trading in a cautious manner, with investors focusing on disappointing Chinese manufacturing data and the reopening of Greece’s equity market after a five-week closure.

Commerzbank Profit Up on Revenue, Taxes

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Commerzbank’s second-quarter net profit more than doubled as the German bank increased revenue and paid less tax.

BMW, Daimler, Audi to Buy Nokia's Maps Business

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The German car makers have agreed to acquire the Finnish company’s Here digital maps business at enterprise value of $3.1 billion.

Heineken Boosted by Emerging Markets

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Heineken reported a rise in profit and revenue as the Dutch brewer benefited from strong demand for its premium beers and from robust sales in emerging markets.

For New York Times, a Gamble on Giveaways

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The New York Times has been experimenting with making its content available free across a multitude of platforms. It wants to boost its Web and mobile audience to help ad sales—but without undermining a steadily growing digital subscription business.

HSBC to Sell Brazil Business for $5.2 Billion

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HSBC Holdings plans to sell its Brazil business to Banco Bradesco in an all-cash deal worth $5.2 billion, as it continues to reshape its operations with an eye toward improving profit.

Power-Plant Regulations to Alter, Challenge Industry

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The first-ever federal limits on power-plant carbon emissions aim to change the way Americans make and consume electricity and ease climate change.

Global Banks May Lose Their Asia Stock-Trading Lift

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Global investment banks got a second-quarter revenue boost from a surge in Asian stock trading. But given China’s market volatility and stock declines in some other countries, those revenue gains may be hard to replicate.

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