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Chinese textile manufacturers drawn by cheap cotton, falling labor costs and government incentives are helping revive depressed mill towns in the American South.

 

 

 

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Travis Dove for The New York Times

 

Ni Meijuan, center, with trainees at Keer Group’s cotton mill in South Carolina. Keer, a Chinese manufacturer, set up a factory in the United States in part because textile production in China is becoming increasingly unprofitable.

 

 

 

 

 

 

 

 

 

 

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A.& P. Bankruptcy Means New York, Chain’s Birthplace, Will Lose Last Store

 

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If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

BP to relinquish three offshore blocks in Uruguay

 

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If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Trader jailed over Libor rate-rigging

 

 

 

 

Former City trader Tom Hayes is found guilty at a London court of rigging global Libor interest rates, and sentenced to 14 years in jail, in the first trial of its kind.

 

 

 

Related content

 

 

 

Full article Trader jailed over Libor rate-rigging

 

 

Live Business live: 3 August 2015

 

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Government starts RBS share sell-off

 

The Treasury has started to sell its stake in Royal Bank of Scotland, making 5.2% of shares in the bank available to institutional investors.

 

 

 

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If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Libor scandal: Former City trader Tom Hayes gets 14 years for rigging rates

 

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The former banker becomes first person to be convicted by a British jury of rigging Libor rates

 

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Chancellor pushes button on £2bn Royal Bank of Scotland share sale

 

UK Financial Investments to sell 5.2pc stake in RBS in overnight placing at 330p-a-share

 

 

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Greek markets suffer worst sell-off in history

 

Bank shares decline by a maximum daily limit of 30pc as investors hammer stocks following five-week trading suspension

33 Comments

 

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Brent crude drops below $50 threshold, hitting six-month low

 

Oil prices plummet as Opec pumps more oil in July and markets worry about global oversupply

8 Comments

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HSBC could still leave UK despite bank levy tax changes

 

High taxes pushed the bank to consider moving its HQ to Asia, and George Osborne's move to cut the costs may not be enough to persuade HSBC to stay

 

 

Western sanctions are hitting Russia harder than anyone realised

 

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IMF predicts Russia will lose 9pc of its GDP because of sanctions imposed amid the Ukraine crisis

61 Comments

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UK's factories hamstrung by strong pound

 

The strength of sterling has hampered the manufacturing sector's attempts to gain ground in July

 

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Cracking China just got harder for Airbnb as rival Tujia lands $300m funding

 

Tujia, China's answer to Airbnb, has raised $300m to help it better serve the country's growing travel market

 

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North Sea oil production rises despite price fall

 

The UK offshore region is set for the first increase in total production for 15 years

 

 

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Intertek shares jump as investors welcome 17pc profit hike

 

Product-testing company records 17.1pc jump in half-year profit

 

Puerto Rico triggers historic default as austerity spiral deepens

 

At last, we are starting to move on from the crisis

 

The 2016 Presidential race is turning into a disaster for the US economy

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Link to post
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Chinese Economy Crashes To 2-Year Low; China Stocks Plunge, Asian Stocks Test 2015 Lows

 

china1.pngYet again the endless reasurance from the talking heads of the world is proven fallacious as the crash in China's stock market has apparently crashed its economy. China's Manufacturing PMI final print for July collapsed to 47.8 - its lowest since July 2013. The reaction is not pretty. China is down 4-8% from Friday's highs (led by high beta high-flyers in ChiNext), most Asian markets are down 2-3%, and the broad MSCI Asia Ex-Japan index is once again testing the lowest levels of 2015. But apart from that, China is contained...

 

 

Something Just Snapped: Container Freight Rates From Asia To Europe Crash 23% In One Week

 

maersk%202.jpgIt appears that the recent spike in shipping rates was analogous to the dead cat bounce in crude oil prices: a speculator-driven anticipation for a sustainable rebound that never took place. And now, just like with crude prices, it is all crashing down.... again. According to Reuters, shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 22.8 per cent to $400 per 20-foot container (TEU) in the week ended last Friday, data from the Shanghai Containerized Freight Index showed.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Britain's fraud prosecutor poised to file more Libor charges | btn_rel_video.gif

 

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Bonuses for London commodities and rates trading chiefs plunge

 

UK 4:19pm BST

 

Greek Finance Minister says talks with lenders to be wrapped up this week

 

3:54pm BST

 

UK takes 1 billion pounds hit in RBS sell-off | btn_rel_video.gif

 

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BP to relinquish three offshore blocks in Uruguay

 

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Greek exchange chief says stock market normalising after rout

 

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UK public's inflation expectations hit 8-month high in July

 

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Ukraine sends new debt proposal to creditors in 'decisive' week - ministry

 

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3:44am BST

 

Former trader Hayes found guilty in world's first Libor trial

 

UK 12:55am BST

 

Oil, stocks off on weak data; Europe shares up

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Treasury sells RBS stake at £1bn loss

 

 

 

 

The government begins its sell-off of shares in part-nationalised lender Royal Bank of Scotland, raising £2.1bn, a third below the price it paid.

 

 

 

Related content

 

 

 

Full article Treasury sells RBS stake at £1bn loss

 

 

Live Business live: 4 August 2015

 

32 minutes ago

 

RBS share sale leaves market 'nonplussed'

 

 

Full article Business live: 4 August 2015

 

 

 

 

 

 

 

 

 

House price rises 'sped up in July'

 

The pace of increase in UK house prices accelerated in July, rising by 3.5% compared with a year earlier, according to the Nationwide.

 

  • 4 August 2015
  • From the section Business

 

 

Related content

 

 

 

Full article House price rises 'sped up in July'

 

 

 

 

 

 

 

Airport to be emergency lorry park

 

A former airport in Kent is to be used as an emergency lorry park as cross-Channel disruption continues, the government announces.

 

  • 16 minutes ago
  • From the section UK

 

 

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Full article Airport to be emergency lorry park

 

Greek bank shares continue to fall

 

 

Full article Greek bank shares continue to fall

Corbyn: I'll reindustrialise the North

 

 

Full article Corbyn: I'll reindustrialise the North

Standard Life shares fall on results

 

 

Full article Standard Life shares fall on results

 

 

 

Klesch pulls out of Tata Steel talks

 

 

Full article Klesch pulls out of Tata Steel talks

Farmers continue milk price protests

 

  • 2 hours ago
  • From the section UK

 

Full article Farmers continue milk price protests

Shire makes $30bn offer for Baxalta

 

 

Full article Shire makes $30bn offer for Baxalta

China sales fall hits BMW profits

 

 

Full article China sales fall hits BMW profits

Fewer claims lift Direct Line profits

 

 

Full article Fewer claims lift Direct Line profits

Standard Life weighs on FTSE 100

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Greek banks plummet for second day even as officials raise hopes of fresh rescue package

 

greece-m_3357378d.jpg

Athens stocks weaken as Greece faces uncertain bail-out talks

 

shirepills_2965018g.jpg

Shire launches $30bn unsolicited all share bid for US rival Baxalta

 

Shire reveals proposal to merge American rival Baxalta as part of chief executive Flemming Ornskov's plan to generate $10bn of revenues by 2020

 

 

Chancellor sells stake in RBS at a loss of £1.1bn

 

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UK Financial Investments has sold a 5.4pc stake in RBS at 330p per share, kicking off the privatisation of the bank

 

 

A4CR6F_3124496g.jpg

P&O Ferries has busiest month for freight in 'modern history' amid Calais crisis

 

The ferry operator re-introduced a freight only service to ease the transport chaos at Calais

Comment

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Just Eat delivers surge in revenues and profits

 

The online takeway service has dismissed concern that it will be hurt by new entrants into the market

 

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HSBC promotes rising star Antonio Simoes to Europe chief

 

Rising star Antonio Simoes could be a successor to group chief Stuart Gulliver

 

 

ring1_3073637d.jpg Diamond wedding rings could get cheaper as Chinese tighten belts

 

 

 

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Construction sector suffers first slowdown in three months

 

House builders are facing the weakest growth in more than two years

 

 

tom-hayes-and-wife_3396904g.jpg

Libor scandal: Former City trader Tom Hayes gets 14 years for rigging rates

 

The former banker becomes first person to be convicted by a British jury of rigging Libor rates

 

 

Stratstone_3202356g.jpg

Car dealer Pendragon accelerates ahead of UK car market

 

Pendragon sees sales growth ahead of the UK's already booming auto industry

London to New York in an hour? Airbus plots Concorde 2

 

Cost of a third Greek bail-out is likely to be too high for Europe

 

George Osborne should not fear selling the state silver

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Bodegas Declining in Manhattan as Rents Rise and Chains Grow

 

By TATIANA SCHLOSSBERG

 

 

The corner stores that are a ubiquitous part of life in the city are struggling to survive, especially in Upper Manhattan.

 

 

 

 

05laports-web1-sfSpan.jpg

David McNew for The New York Times

 

 

Square Feet

 

An Economic Recovery, Brimming With Industrial Complexes, in Southern California

 

By NOAH SMITH

 

The Inland Empire region, which includes San Bernardino and Riverside Counties, is experiencing a boom in development of warehouses and logistics centers.

 

 

 

 

 

 

 

 

 

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An Old Songbook Could Put ‘Happy Birthday’ in the Public Domain

 

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A ruling is near in a lawsuit that claims the copyright on the much-sung song is not valid. That would be an unhappy day for Warner Music Group, which could lose millions in licensing fees.

 

 

04OBAMAVID-thumbStandard.jpg

Move to Fight Obama’s Climate Plan Started Early

 

By CORAL DAVENPORT and JULIE HIRSCHFELD DAVIS 12:58 PM ET

 

A group of lawyers, lobbyists and political strategists started devising a strategy for dismantling President Obama’s climate change regulations before he had even put forth a draft proposal.

 

 

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With Halo 5, Microsoft Seeks to Lure E-Sports Players Back

 

By NICK WINGFIELD 12:34 PM ET

 

Microsoft is offering $1 million in prize money to competitive gamers, a crucial leg in the multimillion-dollar marketing push for the video game.

 

Trans-Pacific Partnership Session Ends With Heels Dug In

 

By JONATHAN WEISMAN

 

Disagreements over issues as varied as dairy, automobiles and pharmaceuticals are hampering final negotiations over the multinational trade pact.

 

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Shire Offers to Buy Drug Maker Baxalta for $30 Billion

 

By CHAD BRAY 8:50 AM ET

 

Shire said that it approached Baxalta in July about a deal, but Baxalta decided, following a written proposal on July 31, not to proceed with talks.

 

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Puerto Rico Defaults on Bond Payment

 

By MARY WILLIAMS WALSH

 

The Government Development Bank for Puerto Rico did not make a $58 million bond payment, saying it lacked the funds to meet the amount due.

 

 

 

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China Seeks Businessman Said to Have Fled to U.S., Further Straining Ties

 

By MICHAEL FORSYTHE and MARK MAZZETTI

 

Should he seek political asylum, Ling Wancheng, the brother of a former top Chinese government official, could be one of the most damaging defectors in China’s history.

 

 

Obama Administration Urges States to Cut Health Insurers’ Requests for Big Rate Increases

 

By ROBERT PEAR

 

After finding that new customers were sicker than expected, some health plans have sought increases of 10 percent to 40 percent or more.

 

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Glaxo Rehires Executive Investigated as Whistle-Blower

 

By DAVID BARBOZA

 

Vivian Shi, whom GlaxoSmithKline investigated over making allegations of fraud and corruption in China, has rejoined the company.

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Former BoE deputy governor to lift lid on UK statistics

 

6:50pm BST

 

Telecom Italia eyes settlement to stop 4 billion euro antitrust claims - sources

 

6:34pm BST

 

U.S. dollar, stocks up on strong service sector report

 

FXpert 6:29pm BST

 

UK anti-fraud agency to investigate claims firm Quindell

 

5:57pm BST

 

UK rate path steepens before BoE meet, helped by U.S. data and Fed

 

5:52pm BST

 

Robust U.S. services sector keeps Fed rate hike in play

 

5:29pm BST

 

Greece's Tsipras says loan deal with lenders close | btn_rel_video.gif

 

World 5:26pm BST

 

Greek bank shares plunge for third day, drag down broader market

 

FXpert, World 5:26pm BST

 

U.S. SEC to adopt rules mandating disclosure of CEO-worker pay ratios

 

5:07pm BST

 

Ukraine says next week last chance to make debt deal - statement

 

5:05pm BST

 

FTSE 100 buoyed by robust corporate earnings

 

FXpert, 5:04pm BST

 

Headhunters woo low-cost Venezuela talent amid crisis

 

4:53pm BST

 

Greece, lenders see need for bank recapitalisation by year-end

 

World 4:42pm BST

 

Standard Chartered halves dividend and says may raise cash | btn_rel_video.gif

 

4:14pm BST

 

With crude at $50, oil firms fear deeper crisis than in 1980s

 

2:59pm BST

 

BP to invest $1 billion in upgrading ageing North Sea fields

 

2:50pm BST

 

Apple's momentum 'meltdown' bites investors | btn_rel_video.gif

 

Aerospace & Defence 2:48pm BST

 

Greece wants existing privatisation agency to handle announced tenders

 

World 2:31pm BST

 

Banks that lobby more likely to be treated favourably - ECB paper

 

2:23pm BST

 

UK services slowdown signals cooler economy in second half of 2015

 

UK 1:54pm BST

 

Shire seen having to sweeten $30 billion offer to win Baxalta

 

1:48pm BST

 

Costs for BoE of raising rates before Fed might be prohibitive

 

FXpert 1:24pm BST

 

UK recovery stronger than thought between 2011 and 2013 - ONS

 

UK, 12:48pm BST

 

London Stock Exchange first-half profit beats analysts' forecast

 

12:29pm BST

 

Greek PM Tsipras says deal with lenders is close

 

World 12:16pm BST

 

SocGen targets more capital, savings as results top expectations

 

12:14pm BST

 

European business growth eased in July over Greek fears

 

11:55am BST

 

Alibaba pins U.S. growth hopes on Goldman's China rainmaker | btn_rel_video.gif

 

11:34am BST

 

Rio Tinto to reveal capex cuts, earnings drop in first-half report

 

11:01am BST

 

Two Greek bank stocks bump into 30 percent daily loss limit

 

World 10:52am BST

 

StanChart says has cut 4,000 staff this year

 

10:21am BST

 

IMF to visit Ukraine in Sept to discuss third loan tranche - central banker

 

IMF 9:17am BST

 

ING's underlying net up 21 percent on loan, deposit growth

 

8:14am BST

 

Motorola receives $1 billion investment from Silver Lake - NYT

 

7:27am BST

 

Legal & General first-half operating profit rises 18 percent

 

7:24am BST

 

Exclusive - India likely to bring in rules to make mills export sugar stocks: sources

 

6:58am BST

 

ANA gains creditor backing to lead bankrupt Skymark's turnaround plan

 

Japan, Aerospace & Defence 6:51am BST

 

Analysis - Raising interest rates with zero inflation is a hard sell

 

6:38am BST

 

Analysis - Oil bulls' hope for quick price dip dimmed by 2020 crude under $70

 

6:08am BST

 

JPMorgan-linked China joint venture gets approval to invest overseas

 

4:46am BST

 

China July services activity quickens to 11-month high - survey

 

3:16am BST

 

Telecom Italia weighs reorganization of business unit - Bloomberg

 

12:18am BST

 

Cheaper clothing lowers prices on UK high streets - BRC

 

UK 12:14am BST

 

NIESR expects UK economic growth to slow in third quarter

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Greek bank stocks down for third day

 

 

 

 

Greek bank shares fall sharply for a third day, continuing the trend seen since the stock exchange reopened at the start of the week.

 

 

 

Related content

 

 

 

Full article Greek bank stocks down for third day

 

 

Live Business live: 5 August 2015

 

34 minutes ago

 

Russia has destroyed almost 150 tonnes of European-produced pork products which it says were illegally imported into the country in violation of the food ban…

 

 

Full article Business live: 5 August 2015

 

 

 

 

 

 

 

 

 

Global economic growth 'to slow'

 

The NIESR think tank predicts global economic growth will slow this year to the lowest rate since the financial crisis.

 

  • 5 August 2015
  • From the section Business

 

 

 

Full article Global economic growth 'to slow'

 

 

 

 

 

 

 

SFO opens Quindell investigation

 

The Serious Fraud Office says it has opened a criminal investigation into insurance technology and claims management group Quindell.

 

 

 

Related content

 

 

 

Full article SFO opens Quindell investigation

 

Facebook in video 'views' row

 

 

Full article Facebook in video 'views' row

Imports swell US trade deficit

 

 

Full article Imports swell US trade deficit

Bikes and cars in borrowers' sights

 

  • 5 August 2015
  • From the section Business

 

Full article Bikes and cars in borrowers' sights

 

 

 

UK services growth slows slightly

 

 

Full article UK services growth slows slightly

Housing affordability gap grows

 

 

Full article Housing affordability gap grows

Review of UK statistics launched

 

 

Full article Review of UK statistics launched

FTSE benefits from mining boost

 

Full article FTSE benefits from mining boost

Nuisance call claim firm is fined

 

Full article Nuisance call claim firm is fined

Standard Chartered profit tumbles

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

http://uk.reuters.com/article/2015/08/05/uk-investment-inflation-targets-idUKKCN0QA0IU20150805

 

 

 

Americans and Britons bracing for their first interest rate rises in almost a decade are puzzled: why are rates about to go up when there's no inflation?

Both the Federal Reserve and Bank of England are proclaiming that they are on the cusp of raising interest rates for the first time in almost a decade. It may take a few months, but the message they are sending still heavily-indebted households either side of the Atlantic is clear: 'be warned'.

It's not hard to see why near-zero interest rates should be 'normalised' when you do a quick economic health check.

After years in the post-credit crisis doldrums, both economies are now growing at brisk annual clips of between 2 and 3 percent. Jobless rates are near long-term averages of less than 6 percent. Real estate and financial asset prices have raced higher over the past couple of years.

The problem is that annual consumer price inflation rates are zero in Britain and just 0.1 percent stateside, far below the 2 percent consumer price growth targets both have committed to in one form or another as a policy guide.

Even the Fed's favoured inflation measure - the index of personal consumption expenditures (PCE) - is running as low as an annual 0.3 percent.

The policy mantra for much of the year has been that headline inflation was artificially depressed by the collapse of energy and raw materials prices in late 2014. Once these stabilised - as they did through the spring - then the assumption was these base effects would wash out of CPI indexes and reveal far livelier 'core', largely domestically driven, price rises pushing headline inflation back toward its target.

 

It's almost like they are making policy up as they go along or that macroenomic engineering is beyond them and they've completely screwed up the system.

 

 

 

If they do push up rates it will be interesting to see how the real economy reacts to discretionary spending being reduced to compensate for more expensive borrowing.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

‘Right to Be Forgotten’ Online Could Spread

 

By FARHAD MANJOO 1:11 PM ET

 

Some countries’ demands for the erasure of search engine results on privacy grounds could soon affect even information available in the United States.

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Stuart Goldenberg

 

 

 

 

 

 

 

 

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S.E.C. Approves Rule on C.E.O. Pay Ratio

 

By PETER EAVIS 21 minutes ago

 

Requiring companies to compare the chief executive’s compensation with that of employees could further stoke a debate over income inequality.

 

 

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Liquefied Natural Gas Makes Qatar an Energy Giant

 

By STANLEY REED 12:56 PM ET

 

A rich natural gas field and a fleet of ships has turned Qatar, once a poor nation of fishers and pearl divers, into a major player in the global energy trade.

 

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Spotify’s Content Chief Moves to Online Video Start-Up Pluto TV

 

By BEN SISARIO and MIKE ISAAC 12:01 PM ET

 

Ken Parks, Spotify’s chief content officer and one of its longest-serving executives, will become Pluto TV’s executive chairman in October.

 

Judge Rejects Settlement in American Express Case

 

By RACHEL ABRAMS

 

Citing “egregious conduct” in text messages and emails between two lawyers, a federal judge scrapped a proposed $75 million settlement between American Express and a group of retailers.

 

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Up for Sale, The Economist Is Unlikely to Alter Its Voice

 

By RAVI SOMAIYA 10:17 AM ET

 

The free-market British newspaper, a 50 percent stake of which is up for sale, has a complex trust system that essentially ensures its journalistic mission.

 

 

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An Exchange in Australia Woos Listings From China

 

By BRETT COLE 26 minutes ago

 

The Asia Pacific Stock Exchange has just two listings now, but its owner, George Wang, has ambitions to to link capital-hungry Chinese companies with Australian investors.

 

Rise of SoundExchange Shows the Growth of Digital Radio Royalties

 

By BEN SISARIO

 

The nonprofit’s payments to performers and record labels, which have now surpassed $3 billion, reflect the growing importance of digital radio outlets to the music industry’s revenue.

 

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An Old Songbook Could Put ‘Happy Birthday’ in the Public Domain

 

By BEN SISARIO

 

A ruling is near in a lawsuit that claims the copyright on the much-sung song is not valid. That would be an unhappy day for Warner Music Group, which could lose millions in licensing fees.

 

 

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Standard Chartered Profit Fell 37% in First Half

 

By CHAD BRAY

 

The lower numbers came after William T. Winters, the former head of JPMorgan Chase’s investment bank, was brought in as chief executive.

 

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Puerto Rico Has Another Debt Worry on Horizon

 

By MARY WILLIAMS WALSH

 

The government said it stopped making contributions to a fund that would pay an additional $13 billion in bond debt.

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Greece in 'final stage' of bail-out talks as bank shares collapse again

 

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Greece's prime minister says talks between Athens and its creditors are in the 'final stage' as bank stocks suffer a third day of losses

 

Serious Fraud Office launches investigation into Quindell

 

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The insurance outsourcer slumped to a £238m 2014 loss after restating accounts

 

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Companies forced to reveal pay gap between staff and CEO

 

The average chief executive in the US was paid 295.9 times more than a typical worker in 2013

Comment

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Standard Chartered will stay in UK as new chief rules out move to Asia

 

The Chancellor's u-turn on the bank levy means the Asia-focused British bank will keep its headquarters in Britain

 

UK growth slows in July as dominant services sector cools

 

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RBS sells asset manager Cairn Capital to Mediobanca as it focuses on core UK bank

 

The Italian bank wants to become a major international player in the asset management industry

 

 

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London Stock Exchange's new Russell businesses boost revenues

 

Exchange is 'committed' to selling off Russell's investment management arm despite its strong performance

 

Ryanair says it is the first airline to fly over 10 million passengers in one month

 

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FCA drops Libor probe into 'Pete the Greek'

 

Regulator says there is not a strong enough case to pursue him

 

 

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Bullish Legal & General posts profit growth despite pensions reform

 

The insurer raises its dividend as business expands in the face of tough industry headwinds

Day of reckoning postponed as global recovery builds

 

George Osborne should not fear selling the state silver

 

Cost of a third Greek bail-out is likely to be too high for Europe

 

How much will the London Tube strike cost the economy?

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

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