Societe Generale reports profits plunge

FRENCH bank Societe Generale reported on Wednesday that net profit in 2012 plunged by two thirds owing to exceptional charges but said it had met all its strategic targets. The bank reported a net profit last year of 774 million euros ($A1.02...

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US stocks open higher after Obama speech

US stocks have headed higher in opening trade after President Barack Obama laid out economic stimulus plans in his State of the Union address to Congress. Five minutes into trade, the Dow Jones Industrial Average was up 2.91 points (0.02 per...

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Zimbabwe sets March referendum, July poll

ZIMBABWE'S prime minister has announced the country will hold a constitutional referendum in March followed by elections in July, a timetable that will decide the fate of veteran President Robert Mugabe. "There will be a referendum in March,"...

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France's Total reports strong profits

FRENCH oil giant Total has reported an 8.0 per cent rise in net profit to 12.4 billion euros ($A16.30 billion) in 2012, excluding the change in value of oil in stock. This is the measure, known as the current-cost accounting basis, which is...

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Five WA towns under bushfire threat

A BUSHFIRE that has destroyed two homes in Western Australia's southwest is threatening five towns in the Donnybrook and Bridgetown areas. A string of bushfires sparked by lightning strikes on Tuesday have swept through the region. The Department...

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Qld sex offender's release to be appealed

AFTER spending almost half his life in jail, one of Queensland's most notorious sex offenders will have to wait a little longer to see if he will be released. Attorney-General Jarrod Bleijie will lodge an appeal on Thursday morning against a...

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First German horsemeat case suspected

GERMANY has been dragged into the horsemeat scandal in Europe, announcing its first suspected case of horsemeat being mislabelled as beef. The product was delivered to at least one trader in the western state of North Rhine-Westphalia. Documents...

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