Europe

FDA approves new use for Celgene's cancer drug Revlimid

The U.S. Food and Drug Administration has expanded the authorized use of Celgene Corp's cancer drug Revlimid to include newly diagnosed patients with multiple myeloma, the company said on Wednesday.

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Telecoms tycoon seeks to buy out Vivendi from Numericable-SFR

Billionaire Patrick Drahi is aiming to buy Vivendi's 20 percent stake in Numericable-SFR (NUME.PA) to strengthen his grip on France's No.2 telecoms group and prepare for a possible next round of industry consolidation.

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U.S. Treasury's Lew supports Greece-EU talks, hopes for deal

United States Treasury Secretary Jack Lew called Greek Prime Minister Alexis Tsipras on Friday to express support for a favourable outcome in Greece's negotiations with its euro zone partners, Tsipras' office said in a statement on Friday.

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Swedish quantitative easing surprise, Russia-Ukraine deal lift gloom

A surprisingly aggressive dose of monetary stimulus from Sweden's central bank on Thursday injected life back into world markets which had been numbed by the stalemate in talks between Greece and its euro zone creditors.

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Brent holds near $55 after big fall on record U.S. crude stocks

Brent hovered near $55 a barrel on Thursday after data showed U.S. crude stockpiles set a record for the fifth week in a row, renewing fears that supply is still far outpacing demand.

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Commodity-dependent currencies hold gains, eyes on Greece

Commodity price-dependent currencies such as the Australian dollar and Norwegian crown were the main movers on major foreign exchange markets on Tuesday, gaining up to a third of a percent on talk of more economic stimulus in China.

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Canon to buy Sweden's Axis for $2.8 billion, expands in surveillance

Japan's Canon Inc said it plans to buy security camera maker Axis AB for about 23.6 billion Swedish crowns ($2.83 billion) to expand into the surveillance products market amid weak sales of its cameras.

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G20 plan for investment targets runs into stiff opposition

Group of 20 finance officials look likely to reject a proposal to set countries specific investment targets to spur a global economy which appears increasingly reliant on the United States for growth.

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Cross-border lending on the mend in the euro zone

Cross-border lending is growing in the euro zone for the first time since the bloc's financial crisis prompted banks to retreat from highly indebted countries such as Spain, Greece, Ireland and Italy.

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Mercedes has record January car sales as core markets jump

German luxury carmaker Mercedes-Benz said on Friday sales jumped 14 percent in January to a record 125,865 models, powered by double-digit gains in Europe, China and the United States.

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Oil rallies as bullish signals promise second weekly gain

Crude oil traded $2 higher before paring gains on Friday, on track for a second weekly increase, as chaos in Libya and stronger economic signals from the United States helped futures rebound from near-six-year lows.

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Europe shares dip; Sunrise climbs in market debut

European stocks dipped on Friday, with regional indexes pausing just below recent multi-year highs as investors looked to the January U.S. non-farm payrolls report due later in the session.

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Germany wants new Greek rulers to ditch anti-austerity promises - document

Germany wants Greece's new left-wing government to go back on anti-austerity promises made in its first days in office and revert to economic policies its predecessors' agreed with international lenders, a document showed on Wednesday.

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Eastern Canadian LNG export plans face supply quandary

Eastern Canada has joined a race to export North America's vast natural gas riches to energy-hungry markets overseas, with four projects betting the far-flung Atlantic provinces will be the easiest route to Europe and India.

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Toyota lifts profit outlook as weak yen offsets Japan slump

Toyota Motor Corp lifted its operating profit guidance on Wednesday in a widely expected move, as a weaker yen increases the value of sales overseas and makes up for slumping demand at home.

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