Austria's Erste Group Bank reported on Friday a 47% drop in annual net profit due to risk provisions in all of its core markets, and proposed a dividend of 0.50 euros per share for 2020, slightly less than expected.
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(Reuters) - Minnesota’s highest court on Wednesday handed a victory to PolyMet Mining Corp, saying state regulators need not investigate allegations of “sham permitting” when considering an air emissions permit for the company’s proposed $1 billion copper-nickel-platinum mine.
The Minnesota Supreme Court said the federal Clean Air Act did not require the Minnesota Pollution Control Agency to examine objections to the proposed NorthMet mine made by four environmental groups and the Fond du Lac Band of Lake Superior Chippewa tribe.
Shares of Toronto-based PolyMet, which are listed in Canada and New York, closed up more than 16%.
Wednesday’s 6-0 decision reversed a ruling by a state appeals court, which had said the agency should have taken a “hard look” at the allegations, including whether PolyMet might have intended to build a larger project.
The export-heavy FTSE 100 fell on Friday as a broader sell-off in bonds spread to global equities, while British Airways owner IAG rose 4.2% even as it posted a loss of more than $5 billion.
Investors piling into tech and financial stocks helped equity funds attract $46.2 billion in their third-largest inflow on record in the week to Wednesday while inflation linked bonds also shone, BofA's weekly fund flow data showed on Friday.
(Repeats item that first ran on Wednesday)
MUMBAI, Feb 25 (Reuters) - India’s largest bourse shut down for nearly four hours on Wednesday due to what it said was a telecom network glitch, and its operators drew fire from traders for a lack of transparency over the problem, which they said caused “absolute havoc”.
The National Stock Exchange opened around 9:15 a.m. local time as usual, but traders said prices on its main indexes stopped updating about an hour later.
At 11:40 a.m., the NSE shut down completely for trading, leaving traders wondering what would happen to their open positions.