BASF Shareholders say Russia Exit Sets Up Oil and Gas IPO

BERLINFRANKFURT, Jan 19 Reuters BASF investors said that oil and gas business Wintershall Dea39;s exit from Russia, though painful, clears the way for plans to take it public and for BASF to focus on its chemicals operations. BASF late Tuesday flagged a 7.3 billion euro 7.9 billion writedown on Wintershall Dea WD, as the energy business, in which […]
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Sterling Clings to Recent Gains

LONDON, Jan 19 Reuters Sterling on Thursday held onto the bulk of its gains against the dollar from the previous day as inflation data suggested the Bank of England may have to raise rates more aggressively, though it slipped a little against a stronger euro. The pound was last down 0.11 against the dollar at […]
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