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The bank also said research shows business regulations aretied to broader measures in a society. Cumbersome regulationscan crimp economic growth and entrepreneurship, while businessreforms often accompany other reforms, such as rule of law andcontrol over corruption.
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The company has also updated shareholders on the $8bn share buyback programme, saying it had spent $3.8bn so far this year. BP said in addition it plans to sell another $10bn of assets, and use the proceeds to return more cash to investors. BP had net assets of $131bn at the end of the third quarter so the sale is manageable. Where does that leave BP now? First of all, the share price is supported by both a buyback programme that is increasing in size and dividend growth that is accelerating. Cash flow at the business is improving and net debt has fallen to $20.1bn at the end of the third quarter, down from $31.3bn a year ago. Capital expenditure for the foreseeable future will be static at about $24bn, providing further stability to the cash outlook.
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In the hunt? The Knicks won six playoff games last season, which happens to be 10 shy of the number needed to hoist the Lawrence O’Brien Trophy. Does anyone, other than Dolan, believe this Knicks team, which lacks leadership and a legitimate second superstar, can win 16 playoff games?
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Underlying revenue from Aggreko's local division was up 4%, led by strong growth in the Americas. Total revenue for the company fell 6% on a reported basis, while trading margins were a little lower than the same period last year. Net debt fell GBP83 million ($134 million) to GBP469 million.
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Investor demand is likely to be high because cable assets inEurope have long been in favour and are scarce after takeovers,including Vodafone's purchase of Kabel Deutschland and Liberty Global's move for Britain'sVirgin Media.
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Martinez was candid when it came to discussing his departure from the Red Sox after the 2004 season. The savvy pitcher admitted he probably unwisely gave Red Sox management more leverage than he should have. After winning the World Series, when asked by reporters if he had played his last game for the Red Sox, Martinez said that he hoped not, that he had too much to lose with a new house and all his interests in Boston.
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Cummins Inc slumped 8.5 percent to $122.30 as theworst performer on the S&P 500 after the maker of engines andother vehicle components, reported lower-than-expected quarterlyprofit on Tuesday and cut its full-year outlook.
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Vick tried to push himself through the week after Nick Foles suffered a concussion last week and Kelly had to get him as many reps as he could to shake off the rust. But that also meant that backup Matt Barkley “didn’t get many” snaps with the first team.
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A series of meetings since early 2012 have yielded no deal that would give the International Atomic Energy Agency access to sites, files and officials relevant to its investigation. But the election in June of a moderate Iranian president has opened doors for good-faith negotiations to end the deadlock.
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The results in North America and Europe helped to offsetweaker-than-expected earnings in GM's international operations,which include China. While China's earnings were flat, marketsoutside China were a hindrance, Ammann said.
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Los Leones had not beaten their Madrid-based opponents in five matches and had never won in the capital in nine meetings between the teams before Monday night's encounter, but Laporte's ninth-minute header brought that run to an end.
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With Wednesday marking the 100-day countdown to the start of the Sochi Games, the 23-year-old told reporters she was back skating and even doing jumps after taking time off to recover from a foot injury.