Roland Berger News
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Ukraine’s biggest transport companies are selling debt to revamp transport routes and win back cargoes from Russia, which has swiped a chunk of business from its neighbor by investing more in ports and inland links.
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As India’s car market took off in recent years, global luxury brands focused on selling sumptuous sedans and big sport utility vehicles in Mumbai, Delhi, and Kolkata, home to the bulk of the country’s wealthy. Germany’s Audi shows that’s changing.
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Societe Generale SA and Credit Agricole SA, France’s second- and third-largest banks by market value, rose in Paris trading after reporting first-quarter profit that beat analysts’ estimates.
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Credit Agricole SA, France’s third- largest bank, said first-quarter profit climbed 51 percent, helped by the disposal of its unprofitable Greek division.
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BNP Paribas SA, Societe Generale SA and Credit Agricole SA, which spent much of the European-crisis years fixing operations outside France, are now counting the cost of the economic slump at home.
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BNP Paribas SA, France’s largest bank, reported a smaller decline in first-quarter profit than analysts estimated, helped by French and Belgian consumer banking.
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An effort to establish a new global ratings firm to challenge Standard & Poor’s Ratings Services, Moody’s Investors Service and Fitch Ratings has foundered after the initiators failed to obtain the 300 million euros ($393 million) needed to get the project off the ground.
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Royal Philips Electronics NV Chief Executive Officer Frans van Houten said the consumer unit’s first double-digit sales gain in seven quarters shows that his strategy of adapting products to local needs is working.
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Deloitte Touche Tohmatsu Ltd., one of the world’s largest networks for accounting and professional services, is talking with Roland Berger Strategy Consultants on a potential business combination.
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Deloitte Touche Tohmatsu still hopes eventually to form an alliance with Roland Berger Strategy Consultants Ltd. even after the German firm’s partners rejected the deal in a vote held last week, the Financial Times reported, citing John Connolly , the accountancy network’s global chairman.
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