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Reuters: Business News

Argentina defaults but investors see eventual deal possible

BUENOS AIRES (Reuters) - Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached.

Posted: Thu 31st of July, 2014

France's Iliad makes buyout approach for T-Mobile U.S.: source

NEW YORK (Reuters) - French telecoms operator Iliad SA has recently made a buyout approach for T-Mobile US Inc , according to a person familiar with the matter, a surprise bid that counters an existing takeover bid by Sprint Corp .

Posted: Thu 31st of July, 2014

Higher oil prices lift Exxon's profit as production sags

(Reuters) - Exxon Mobil Corp , the world's largest publicly traded oil company, reported a stronger-than-expected quarterly profit on Thursday as higher prices for its crude and natural gas offset a 6 percent drop in production.

Posted: Thu 31st of July, 2014


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