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PRESS DIGEST- Financial Times - Nov 17

Published 17/11/2016, 11:38 am
© Reuters.  PRESS DIGEST- Financial Times - Nov 17
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Nov 17 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

Saudi Arabia set to reveal depth of oil reserves http://on.ft.com/2fXq1MD

Rakuten ups its brand game with 220 mln euros Barcelona sponsorship http://on.ft.com/2fXtif1

Davies says Rio Tinto lacks grounds for termination http://on.ft.com/2fXuM8W

Rolls-Royce braced for tough times at marine and industrial units http://on.ft.com/2fXrDGt

Overview

Saudi Arabia is set to disclose how much crude lies beneath the desert kingdom's sands as it prepares to sell shares in Saudi Aramco.

Japanese internet retailer Rakuten Inc 4755.T signed a new four-year deal with Barcelona worth at least 220 million euros ($235.40 million), sealing one of the world's largest football shirt sponsorships.

Rio Tinto Plc's RIO.L former head of energy and mineral division Alan Davies said he "has been left with no option but to take the strongest possible legal action in response" to his dismissal.

Rolls-Royce Holdings Plc RR.L warned there were challenging conditions ahead for its marine and industrial engine businesses. However, the company said it was on track to meet profit expectations for this year. ($1 = 0.9346 euros)

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