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Societe Generale sees Q3 profits increase 6 fold after efforts to clean up balance sheet

PARIS - Societe Generale says its net income increased six fold in the third quarter after last year's efforts to clean up the balance sheet. The French bank said Thursday that its net income for the July-to-September quarter was 534 million euros ($722 million), compared with 90 million euros in the same period last year. The improvement comes despite declines in its retail and investment banking divisions. In the wake of the European debt crisis, many banks have had to write down the value of bad loans.

Credit Agricole SA reports asset sale boost, resumes dividend

Credit Agricole SA, the quoted vehicle for French Credit Agricole bank, switched sharply into a net profit of 728 million euros in the third quarter of the year boosted by capital gains, it said on Thursday. In the same period of last year the bank had reported a net loss of 2.85 billion euros ($3.86 billion), mainly owing to costs arising from the disposal of its problem arm in Greece, Emporiki bank.

FTSE snaps three-day rally after miner weakness

By Alistair Smout LONDON (Reuters) - The FTSE 100 fell on Friday after a three-day rally, as investors backed away from riskier sectors and U.S. GDP figures came in below expectations. Material and energy stocks, which are sensitive to optimism over the global economic outlook, took 26 points off the FTSE 100, dragging the index into negative territory.

European shares propped up by solid U.S. data

* FTSEurofirst 300 up 0.3 pct, Euro STOXX 50 up 0.2 pct * U.S. ISM, jobs figures add to run of solid data * IBEX underperforms as short-selling ban lifted By Toni Vorobyova LONDON, Feb 1 (Reuters) - European shares inched up on Friday, as investors took advantage of the past two sessions' losses to snap up equities more cheaply, reassured by a run of solid data from China, Europe and the United States. An above-forecast reading on the U.S.

European shares propped up by solid U.S. data

LONDON, Feb 1 (Reuters) - European shares inched up on Friday, as investors took advantage of the past two sessions' losses to snap up equities more cheaply, reassured by a run of solid data from China, Europe and the United States. An above-forecast reading on the U.S. manufacturing sector from the Institute for Supply Management (ISM), coupled with upward revisions for previous months' non-farm payrolls offered proof of recovery in the world's biggest economy.

European shares bolstered by strong China data

* FTSEurofirst 300 up 0.1 pct, EuroSTOXX 50 up 0.3 pct * Earnings worries keep indexes below multi-month peaks * BNP Paribas recommends low-cost protection By Toni Vorobyova LONDON, Jan 18 (Reuters) - European shares edged higher on Friday, with heavyweight miners and exporters supported by stronger-than-expected Chinese data, but concerns about the upcoming corporate earnings season kept key indexes below recent multi-month highs.

European shares bolstered by strong China data

LONDON, Jan 18 (Reuters) - European shares edged higher on Friday, closing in on multi-month highs after stronger-than-expected Chinese data boosted confidence of a revival in the global economy. The FTEurofirst 300 was up 0.1 percent at 1,166.58 points by 0802 GMT, in sight of a 2-year high of 1,170.29 points set last week. The EuroSTOXX 50 added 0.3 percent. Chinese retail sales and industrial output rose more than expected in December, helping fourth quarter economic growth to accelerate for the first time in two years.
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