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Africa/International

Brazil companies post profits

Brazil's two biggest companies have posted record profits for 2010, in the latest sign of the South American nation's growing economic might. The oil giant Petrobras - which is partly state-owned - made $20bn (£12.4bn). The mining company…

US freezes Gaddafi assets

The Obama administration froze assets of the Libyan government, leader Moammar Gadhafi and four of his children Friday, just hours after it closed the U.S. Embassy in Tripoli and evacuated its remaining staff. U.S. officials said…

Korea fines Deutsche Bank 1b won

Deutsche Bank has been fined 1bn won ($887,000) after South Korea's regulators said its staff manipulated the country's stock market. The fine is the largest ever handed down by Korea's stock exchange, KRX. On Thursday, the Financial…

Oil price surge dips after talks

Oil prices have retreated from Thursday's multi-year highs amid optimism that crude producers can offset any drop in supply caused by the unrest in Libya. Brent crude was trading at $112.65 a barrel, after almost breaking through the $120…