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Tobacco giant BAT buys out US firm Reynolds for $49.4bn

British American Tobacco agreed Tuesday to pay almost $50 billion (47 billion euros) for control of U.S. firm Reynolds American, creating the world's largest listed tobacco company. BAT will purchase the 57.8-percent of Reynolds American that it does not already own, BAT said, unveiling an...

Egypt's Sisi says cabinet reshuffle "very soon"

Egyptian President Abdel Fattah al-Sisi will reshuffle his cabinet soon, he told state newspapers in an interview published Tuesday. "Yes, there will be a reshuffle and very soon ... We will fix what needs fixing and improve performance," Sisi said, without giving more details. The last...

Asia uneasy as May speaks, Trump heads for White House

Asian investors moved warily Tuesday as they look ahead to a crucial week for two of the world's top economies as Britain outlines its plans for leaving the EU and Donald Trump is sworn in as U.S. president. Britain's pound edged up but remains stuck near three-decade lows against the dollar...