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'Massive' Deficit Cuts Hurt Growth: IMF's Lagarde

Christine Lagarde

Global central banks have been the only way to promote growth and more needs to be done, but additional U.S. deficit reduction needs to be restrained, the IMF's Christine Lagarde told CNBC's "Closing Bell" on Wednesday.

BP Faces Pay Row at AGM

Pile Of Coins

BP is braced for criticism from shareholders at its annual general meeting on Thursday over its executive pay regime and failure to obtain consent for dividend payments.

Goldman's Discount Fortune

Lloyd Fonzie Blankfein

Goldman Sachs has likely generated around $1.2bn of revenue over six years from its dealings with discount retailer Dollar General Corp, a Reuters review shows.



Thumbs Up At Desk

Societe Generale sees profit jump, hikes capital

France's second-largest listed lender, Societe Generale posted a better-than-expected 25 percent increase in net income in the three months to June of this year as the bank said it planned to hike its capital buffer.