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Rothschild & Co. to buy Martin Maurel, eyes French expansion

  Bloomberg Rothschild & Co., part of the banking dynasty focused on advising on mergers, is buying Compagnie Financiere Martin Maurel to expand its wealth-management and lending operations for French families and entrepreneurs. The boards of both companies support the deal, which needs approval from shareholders and regulators, according to a joint statement on Monday. Marseille-based Martin Maurel has received ...

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Carry trade blocked by Iceland in bid to avoid crisis replay

  Bloomberg Iceland erected new defenses to block fast money from chasing western Europe’s highest interest rates as the nation prepares to dismantle the last remnants of capital controls that have existed since 2008. Over the weekend, the small north Atlantic island set reserve requirements for new offshore investors forcing them to keep a substantial part of their holdings in ...

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Lukoil Q1 profit drops 59% after crude prices slump

  Bloomberg Lukoil PJSC, Russia’s second-largest oil producer, said profit dropped 59 percent in the first quarter as oil prices declined to a 12-year low. Net income fell to 42.8 billion rubles ($651 million) from 104 billion rubles a year earlier, the Moscow-based company said. Russian producers have been partially buffered against the rout in crude by a weaker ruble, ...

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