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The great interest rate rip off part 10


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Women - want to earn as much as men? You now have to wait until 2186

 

The UK has dropped to 20th from 18th last year, well below its top 10 position in 2006

 

 

 

 

 

UK salaries less than they were 12 years ago, official figures reveal

 

 

 

 

 

 

 

 

 

 

Lloyds Bank sets aside another £1bn for PPI compensation

 

Profits down 15 per cent as Brexit creates £730m hole in in pension fund and causes some businesses to push back investment plans, bank says

 

 

 

 

 

 

Food prices will go up when Brexit happens, Tesco boss says

 

 

 

 

 

 

Thousands of jobs at risk as Vauxhall takes $400m Brexit hit

 

 

 

 

 

 

Vodafone fined £4.6m by Ofcom for ‘serious’ customer failings

 

Telecoms company hit with sanctions over customer complaint handling and poor service

 

 

 

 

 

 

 

 

Heathrow expansion: How the airlines reacted

 

EasyJet, Ryanair and British Airways are muted in responses to the decision

 

 

 

 

 

 

Sterling hits lowest level since 'flash crash' before Carney testimony

 

The pound fell more than 1% in London trading Tuesday to its lowest level against the dollar since the October 7 'flash crash'

 

 

 

 

 

 

 

 

Costa's move into posh coffee: Should supporters of indy shops worry?

 

The market for artisan coffee is growing and Whitbread's ubiquitous chain is seeking to capitalise on that

 

 

 

 

 

 

Renewables surpass fossil fuel in record year for green energy

 

More emissions-free power installed than fossil fuels last year for first time in history, according to the International Energy Agency.

 

 

 

 

 

Nearly 10,000 people are applying for the same job in China

 

 

 

 

 

How will Twitter stock react to potential layoffs?

 

 

 

 

 

 

Who will win out of Trump and Clinton and what are the odds?

 

Comparing the odds to the polling data can to show where the value is

 

 

 

 

 

 

 

 

? woman who shunned £80m man tops LGBT executives ranking

 

Cecil Chao made global headlines in September 2012 when he offered a reward to the man who would marry his daughter Gigi

 

 

 

 

 

 

New Heathrow runway poses ‘serious obstacle to climate change fight’

 

Greenpeace launches appeal to help pay for a judicial review of the decision

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

Health Law Tax Penalty? I’ll Take It, Millions Say

 

By ROBERT PEAR 12:38 PM ET

 

 

A lot of healthy people are defying predictions by the Affordable Care Act architects and refusing to enroll, throwing off the math behind the system.

 

 

 

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Andrew Mangum for The New York Times

 

 

Square Feet

 

A Project Mends a Gash in the Street Grid of Washington

 

By EUGENE L. MEYER

 

Capitol Crossing, a mixed-use development, will cover a feeder road to Washington freeways; plans call for moving a landmark synagogue.

 

 

 

 

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One Last Growl for F.C.C.’s Sharp-Toothed Watchdog

 

By CECILIA KANG

 

Tom Wheeler, who increased regulation of the cable and wireless industries, now faces tough industry opposition and a review of a media megadeal.

 

 

 

Common Sense

 

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Why a Media Merger That Should Go Through Might Not

 

By JAMES B. STEWART

 

Under longstanding antitrust policy, the AT&T-Time Warner deal should be practically a shoo-in. But these are not usual times.

 

 

 

 

 

 

 

 

 

 

 

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An EpiPen Rival Is About to Return to the Shelves

 

By KATIE THOMAS

 

The Auvi-Q, which drew an ardent fan base, was taken off the market in 2015. It is unclear whether its comeback next year will help lower the price of the EpiPen.

 

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Apple Predicts a Big Holiday Bounce After Its Biggest Rival, Samsung, Falters

 

By VINDU GOEL

 

If the company’s forecast is accurate, it will mark a turnaround from what has been a disappointing year for the Silicon Valley giant.

 

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Relief at Last for U.S. Owners of Diesel Volkswagens

 

By NEAL E. BOUDETTE

 

A judge has approved a deal for Volkswagen to buy back or fix vehicles affected in the emissions-cheating scandal.

 

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Google Curbs Expansion of Fiber Optic Network, Cutting Jobs

 

By DAISUKE WAKABAYASHI

 

Alphabet, Google’s parent company, said it would halt discussions with cities where it planned to expand its network and would reduce staff at Google Fiber.

 

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Trump TV Offers (Fledgling) Framework for Potential Media Future

 

By MICHAEL M. GRYNBAUM

 

An election show streaming on Facebook Live is fueling speculation that Donald J. Trump is laying the groundwork for a media empire to come.

 

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Donald Trump the Candidate Promotes Trump the Brand on Campaign Trail

 

By MAGGIE HABERMAN and NICK CORASANITI

 

As his poll numbers have fallen, Mr. Trump has taken reporters to his top properties in between campaign events — perhaps looking beyond Election Day.

 

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How Donald Trump Used Hollywood to Create ‘Donald Trump’

 

By KATIE ROGERS 12:40 PM ET

 

Donald J. Trump has been a near-constant presence in TV shows, movies, documentaries, pageants and even professional wrestling events, since the 1980s.

 

The Upshot

 

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A Quick Guide to Rising Obamacare Rates

 

By REED ABELSON and MARGOT SANGER-KATZ

 

What you need to know on who will be affected and what can be done about it.

 

 

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Sumner Redstone Sues Ex-Girlfriends Over Accusations Including Elder Abuse

 

By REUTERS

 

The former Viacom chairman’s lawsuit claims Manuela Herzer and Sydney Holland took advantage of him, leaving him with over $90 million in tax obligations.

 

 

 

 

Earnings Reports

 

 

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

Tata ex-chairman: I was a lame duck

 

 

 

 

Tata Sons ex-chairman Cyrus Mistry attacks the firm and warns it faces the risk of huge writedowns.

 

  • 26 October 2016
  • From the section Business

 

 

Related content

 

 

 

 

 

 

Heathrow: How we got here and where we go next

 

 

 

 

The history of Heathrow airport

 

 

 

 

Why is it taking so long?

 

 

 

 

How the cost of delays stacks up

 

 

 

 

What happens next?

 

 

 

 

 

 

Apple 'leaks' its own laptop revamp

 

Code hidden within the latest MacOS operating system appears to reveal a new laptop.

 

 

 

Related content

 

 

 

 

 

 

 

Live Business Live: FTSE 100 falls

 

London's leading shares end the day 60 points lower despite British Airways owner IAG rising 5%; Wall Street largely flat.

 

 

 

 

 

 

Boeing set to deliver more planes

 

  • 26 October 2016
  • From the section Business

 

 

Earnings rise fastest for the low-paid

 

  • 26 October 2016
  • From the section Business

 

 

Lloyds sets aside extra £1bn for PPI

 

  • 26 October 2016
  • From the section Business

 

 

 

 

 

Windows update and Surface PC revealed

 

 

 

Glaxo sees profit surge on weak pound

 

  • 26 October 2016
  • From the section Business

 

 

Coke sales continue to lose their fizz

 

  • 26 October 2016
  • From the section Business

 

 

Vodafone hit with £4.6m Ofcom fine

 

  • 26 October 2016
  • From the section Business

 

 

Clydesdale confirms Williams & Glyn offer

 

  • 26 October 2016
  • From the section Business

 

 

Women work 39 days a year more than men

 

  • 26 October 2016
  • From the section Business

 

 

 

 

Also in the News

 

 

 

'Irresponsible' weight loss ad banned

 

  • 26 October 2016
  • From the section UK

 

 

 

 

Is this the end for paper receipts?

 

  • 25 October 2016
  • From the section Business

 

 

 

 

Features & Analysis

 

 

 

Growth potential

 

What expansion plans do other UK airports have?

 

  • 26 October 2016
  • From the section Business

 

 

 

 

 

Cash crop

 

Why illicit cannabis farming is thriving in Lebanon.

 

  • 26 October 2016
  • From the section Business

 

 

 

 

 

Free thinking

 

University opens without any teachers or courses.

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

Cabin crew at Lufthansa's budget carriers to strike on Thursday - union

 

FRANKFURT Cabin crew at Lufthansa's budget airlines Germanwings and Eurowings will stage a 24-hour strike on Thursday in a dispute over pay and working conditions, the UFO labour union said on Wednesday.

6:18pm BST

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Apple slips as supply woes weigh on holiday sales forecast

 

Apple Inc's shares slipped as much as 4 percent after the company said it was struggling to keep up with demand for its large-screen, higher-margin iPhone 7 Plus, potentially reducing sales and profits in the Christmas shopping period.

6:16pm BST

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GlaxoSmithKline beats forecasts as weak pound provides windfall

 

LONDON GlaxoSmithKline beat quarterly sales and profit expectations and said it expected even bigger gains in 2016 thanks to a weak pound, which has continued to fall after Britain's vote in June to leave the European Union.

6:15pm BST

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Randgold to pay $25 million towards settling Mali tax dispute

 

BAMAKO Randgold Resources has agreed to pay the Malian government 15 billion CFA francs (£20.41 million) to help to resolve a tax dispute that resulted in the company's Bamako offices and bank accounts being closed by authorities this month, chief executive Mark Bristow said in a statement on Wednesday.

6:14pm BST

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ICAP-Tullett deal said to face regulator query on licensing - Bloomberg

 

Interdealer broker ICAP Plc's sale of its global hybrid voice broking business to Tullett Prebon Plc is likely to miss the year-end target as UK regulators are examining the licenses needed for the tie-up, Bloomberg reported.

6:10pm BST

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Barclays, UBS settle with bondholders over Libor manipulation

 

NEW YORK Barclays Plc and UBS AG have agreed to settle U.S. litigation by bondholders who accused the banks of conspiring with rivals to rig the Libor benchmark interest rate, lawyers for the plaintiffs said in court filings on Wednesday.

5:52pm BST

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Iceland gets initial EFTA backing in U.S. funds feud

 

LONDON/STOCKHOLM The European Free Trade Association (EFTA) has given initial backing to Iceland's government in a stand off with two U.S. funds over bonds Reykjavik froze as it moved towards lifting the country's eight-year-old capital controls.

5:47pm BST

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Microsoft announces Windows update with 3D features

 

NEW YORK Microsoft Corp on Wednesday announced a free update to its Windows operating system that lets users take photos and edit content in three dimensions, in an effort to bring excitement to its declining computing business.

5:41pm BST

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FTSE hits three-week low; commodities weigh

 

LONDON Britain's top share index hit a three-week low on Wednesday, with hotel operator Whitbread falling on a raft of negative broker comments and Antofagasta dragging down miners after a disappointing earnings update.

5:21pm BST

EU approves Coherent purchase of Rofin-Sinar with conditions

 

BRUSSELS The European Commission said on Wednesday that it had approved U.S. laser tools and systems maker Coherent Inc's $942 million (£771.50 million) acquisition of rival Rofin-Sinar Technologies Inc , subject to conditions.

Deutsche Bank to review valuations of inflation swaps - Bloomberg

 

Deutsche Bank AG is reviewing whether it misstated the value of derivatives in its interest-rate trading business, and is sharing its findings with the U.S. authorities, Bloomberg reported, citing people familiar with the matter.

5:15pm BST

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BoE's Woods says no let up in bank regulation due to Brexit

 

LONDON Banks in Britain won't face a new wave of rules, nor will there be a respite from implementing the revolution already agreed, the country's top banking regulator said on Wednesday.

4:55pm BST

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Liam Fox says CETA delays show need to reach UK-EU deal before Brexit

 

LONDON The difficulties in concluding an EU-Canada trade deal show the importance of Britain reaching an agreement over its future relationship with the EU before it leaves the bloc, British trade minister Liam Fox said on Wednesday.

4:51pm BST

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Spanish court orders Volkswagen to pay compensation to buyer of polluting car

 

MADRID A Spanish court on Wednesday ordered two Volkswagen subsidiaries in Spain to pay 5,000 euros (£4,474) to a buyer of an Audi Q5 car which had altered emissions software.

4:51pm BST

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EU antitrust regulators say awaiting Gazprom commitments

 

BRUSSELS The European Union is expecting commitments from Russian state gas exporter Gazprom to avoid fines in a five-year antitrust case, the EU's competition chief said on Wednesday, adding that for now all options remained on the table.

4:44pm BST

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Britain's competition regulator clear Ladbrokes-Coral deal

 

Bookmaker Ladbrokes said Britain's competition regulator had cleared its acquisition of Gala Coral, paving the way to create a betting group that will seek to build on its dominance of Britain's high streets to expand its online business.

4:42pm BST

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Exclusive - EU proposes a phasing in of some bank capital rules: document

 

LONDON Banks in the European Union will get more time to adjust to new rules aimed at making sure that banks hold enough of a capital cushion against risky lending on their trading books, an EU document showed on Wednesday.

4:25pm BST

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Toyota to recall 5.8 million cars in Japan, China, Europe over Takata airbags

 

TOKYO Toyota Motor Corp on Wednesday said it was recalling about 5.8 million cars at home and abroad over potentially faulty air bag inflators made by Takata Corp. , including those used as replacement parts following a 2010 recall.

4:19pm BST

Tata Sons' ousted head warns group faces big writedowns

 

DELHI/MUMBAI Group companies in Indian salt-to-software conglomerate Tata Sons face potential combined writedowns of close to $18 billion (14.71 billion pound) due to poor investments, according to an internal letter sent by ousted chairman Cyrus Mistry to the Tata board.

4:07pm BST

BA agrees new pensions deal, leaves room to pay dividend to IAG

 

LONDON British Airways has agreed to pay 300 million pounds per year into its pension scheme, plus top-ups, under a new plan which leaves room for the airline to pay dividends to owner IAG

Schaeuble - Britain should observe EU rules if it wants to be part of its market

 

BUCHAREST Britain must make observe all the rules of the European Union's single market if they want to be a part of it, German Finance Minister Wolfgang Schaeuble said on Wednesday.

3:42pm BST

U.S. warned Berlin on China-Aixtron deal: Handelsblatt

 

FRANKFURT/BERLIN U.S. intelligence services told Germany that a proposed Chinese takeover of semiconductor manufacturing equipment maker Aixtron could give Beijing access to technology that could be used for military purposes, the Handelsblatt newspaper said on Wednesday.

3:39pm BST

Stand-off traps EU's 'too big to fail' bank reform in limbo

 

LONDON European Union lawmakers have failed in their latest attempt to revive a draft law giving regulators powers to split up risky banks in order to prevent a repeat of the costly taxpayer bail-outs during the financial crisis.

3:38pm BST

Iraq lures investors to boost its oil output as OPEC debates cuts

 

LONDON/BEIRUT As OPEC gathers in Vienna next month to consider cutting its oil output, a lower profile event in Baghdad on the same day will signal Iraq's longer term ambition to do precisely the opposite.

3:30pm BST

Eurowings calls on cabin crew to resume talks to avert strike

 

FRANKFURT Lufthansa's budget airline Eurowings has called on German cabin crew union UFO to resume pay talks rather than launching industrial action.

3:17pm BST

British imports of cheap medicines dry up as pound falls

 

LONDON The supply of cut-price branded prescription drugs into Britain is drying up as a sharp fall in sterling erodes profit margins for wholesalers engaged in the so-called parallel trade.

3:13pm BST

EU asks for WTO panel in challenge to Chinese raw material duties

 

BRUSSELS The European Union on Wednesday asked the World Trade Organization (WTO) to set up a dispute settlement panel to examine restrictions on Chinese exports of 12 raw materials which it says give an unfair advantage to Chinese producers.

3:00pm BST

ECB all but certain to keep buying bonds beyond March, ease QE rules - central bank sources

 

FRANKFURT The European Central Bank is nearly certain to continue buying bonds beyond its March target and to relax its constraints on the purchases to ensure it finds enough paper to buy, central bank sources have told Reuters.

2:55pm BST

Markets no longer price in near-term rate cut from ECB

 

LONDON Investors no longer expect the European Central Bank to cut interest rates again this year, as data points to a pick-up in the economy and the central bank signals a reluctance to lower borrowing costs deeper into negative territory.

2:55pm BST

Airbus fumes over UK ban on Super Puma helicopter flights

 

PARIS Airbus Group voiced frustration on Wednesday at a continued ban on Super Puma oil industry flights in Britain, weeks after European safety regulators cleared the helicopter to fly again.

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

Ex-BOJ deputy governor warns of demerits of easy policy

 

TOKYO Years of heavy money printing by the Bank of Japan has made the bond market dysfunctional and fiscal policy heavily dependent on cheap money offered by the bank, a former BOJ deputy governor said, warning against expanding monetary stimulus further.

2:49pm BST

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No excuses for poor hedge fund performance - Lansdowne's Roden

 

TEL AVIV/LONDON, LONDON Hedge funds should stop making excuses for poor performance, the chairman of Lansdowne Partners said on Wednesday against a backdrop of weak average returns that have prompted some to pull their money out.

2:47pm BST

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In China, some Apple users opt for iPhone makeover rather than buy new

 

BEIJING Some Chinese iPhone owners are giving their old models a makeover to look like the latest iPhone 7, rather than buying new - a trend that could dent Apple Inc's efforts to boost sales in what has been its biggest growth driver.

2:44pm BST

Medical tech firm ConvaTec braves London market with $1.8 billion IPO

 

LONDON Medical products maker ConvaTec raised nearly 1.5 billion pounds in London's biggest initial public offering (IPO) of 2016 on Wednesday, although it was priced at the bottom of the range in tough market conditions.

2:41pm BST

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Lloyds confounds Brexit fears with steady performance

 

LONDON Lloyds Banking Group defied expectations on Wednesday of a squeeze on earnings after Britain's surprise vote to quit the European Union by reporting third-quarter profits largely unchanged from a year earlier.

2:39pm BST

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Vodafone UK fined a record 4.6 million pounds for failing customers

 

LONDON Britain has fined Vodafone a record 4.6 million pounds for "serious and sustained" customer failures, including not updating accounts when mobile phone users topped up their credit to make calls.

2:33pm BST

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Aixtron says has not received any concrete questions from Berlin

 

FRANKFURT Aixtron said on Wednesday it had not received any concrete questions from the German Economy Ministry related to Berlin's plans for a more in-depth review of a planned Chinese takeover of the chip equipment maker.

2:30pm BST

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May's office plays down pre-referendum remarks to Goldman Sachs

 

LONDON Prime Minister Theresa May's office played down the significance of comments she made before the referendum warning that companies would leave Britain if the country backed Brexit, after the Guardian newspaper published a recording of a private meeting she held with Goldman Sachs.

2:23pm BST

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Books covered for Misys' London IPO - sources

 

LONDON The books have been covered for banking software company Misys' initial public offering (IPO), sources said on Wednesday, after more than a week of book building.

2:11pm BST

Exclusive - Russia's Mechel to complete debt restructuring by early 2017: CFO

 

MOSCOW Russian metals and mining giant Mechel plans to sign a final debt-restructuring deal in early 2017, its chief financial officer told Reuters, concluding more than two years of negotiations on a burden that has threatened its survival.

Google executives met Indonesian officials to negotiate tax bill - source

 

JAKARTA Senior executives from the Asia Pacific headquarters of Alphabet Inc's Google met Indonesian tax officials on Wednesday to negotiate the internet search company's tax bill, a person with knowledge of the matter told Reuters.

1:57pm BST

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FCA seeks to redefine its mission

 

LONDON Britain's financial markets watchdog launched a public consultation on Wednesday asking how far it should go in seeking to protect consumers from market risks in resetting its "mission" and drawing a line under a "very sorry history" of mis-selling scandals that have cost banks billions of pounds.

1:39pm BST

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Germany says review of Chinese bid for Aixtron to take months

 

BERLIN A German Economy Ministry review of a Chinese takeover bid for chip equipment maker Aixtron will likely take several months, a ministry spokeswoman said on Wednesday, declining to give details on why it withdrew clearance for the deal.

1:29pm BST

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Budget airline Flybe's chief executive to step down immediately

 

Flybe Group Plc said Chief Executive Saad Hammad would step down immediately, ending a more than three-year stint that marked the airline's return to profitability.

1:11pm BST

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City of London calls for post-Brexit banking rules that aid competitiveness

 

LONDON London's financial district has called for a UK regulatory regime that does not harm competitiveness, responding to bankers' fears that being outside the European Union will reduce the capital's clout in global markets.

12:56pm BST

British packaging group RPC prepares bid for French peer Albea - sources

 

FRANKFURT British packaging group RPC is preparing a bid for private equity-owned French peer Albea in a potential $1.5 billion (£1.23 billion) deal as it seeks to broaden its footprint in bottles, dispensers and tubes for cosmetics, people close to the matter said.

12:43pm BST

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Japan PM Abe adviser says government should consider more fiscal stimulus

 

TOKYO Japan should consider more government spending to maximise the impact of monetary policy, an adviser to Prime Minister Shinzo Abe said on Wednesday, indicating a shift in emphasis to fiscal from monetary policy.

12:27pm BST

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Airbus Helicopters says plans to cut 582 jobs in restructuring

 

PARIS Airbus Helicopters plans to cut 582 jobs in France over the next two years via voluntary redundancies in response to weakness in the commercial helicopter market, the company said on Wednesday.

11:47am BST

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Russia's Novak says global oil freeze deal unlikely to fail because of Iraq

 

KRASNOGORSK, Russia A potential global deal to cap oil production is unlikely to collapse because of Iraq's claims it would not curb its output, Russian Energy Minister Alexander Novak said on Wednesday.

11:40am BST

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Kering shares at 15-year high as Gucci turnaround impresses

 

PARIS Shares in Kering surged to a 15-year high on Wednesday after flagship brand Gucci reported double-digit quarterly sales growth for the first time since 2012, sealing a much faster than expected turnaround.

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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EU's Tusk says CETA signing summit still possible on Thursday

 

BRUSSELS A planned EU-Canada summit to sign a free trade deal was still possible on Thursday, European Council President Donald Tusk said on Wednesday, as Belgian politicians entered a second day of talks on the future of the pact.

10:53am BST

Genel Energy warns of lower-end 2016 revenue after weak oil output

 

LONDON Genel Energy , one of the main oil producers in Iraqi Kurdistan, warned on Wednesday that full-year revenue would be at the lower end of its target because of weaker than expected production, sending its shares to a seven-month low.

10:31am BST

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BP sells U.S. crude oil to Thailand, Australia for first time - sources

 

SINGAPORE BP plans to ship 1 million barrels of U.S. crude to Thailand and Australia for the first time, three trade sources said on Wednesday, as the company steps up American oil exports to meet demand in the Asia-Pacific region.

10:27am BST

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Bumpy switch to new models hits Airbus Group's third-quarter profits

 

PARIS Airbus Group posted lower than expected third-quarter profits on Wednesday, led by a faltering performance in its core commercial jet division and continued weakness in the commercial helicopter market, but broadly maintained its full-year financial forecasts.

10:17am BST

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Lansdowne's Roden says likes animal genetics company Genus

 

TEL AVIV UK hedge fund Lansdowne Partners Chairman Stuart Roden said on Wednesday he recommended investing in British animal genetics improvements firm Genus Plc .

10:04am BST

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Standard Chartered successfully issues SDR bonds in China

 

SHANGHAI Standard Chartered Bank (Hong Kong) priced one-year bonds denominated in Special Drawing Rights (SDR) at 1.2 percent on Tuesday, according to Reuters IFR, the first commercial bank to sell SDR bonds.

10:00am BST

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UK mortgage approvals pick up from 19-month low - BBA

 

LONDON British banks approved more mortgages last month after the number of approvals fell to a 19-month low in August, while consumer lending grew at its fastest rate in nearly a decade, industry figures showed on Wednesday.

9:51am BST

Tokio Marine plans increase in FX-hedged foreign bonds

 

TOKYO Tokio Marine & Nichido Fire Insurance plans to increase its holdings of currency-hedged foreign bonds in the October-March period by around 50 billion yen (393 million pounds), an investment planning official at the firm said on Wednesday.

9:43am BST

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Carney says cannot ignore 'fairly substantial' sterling drop

 

LONDON Chancellor Mark Carney said on Tuesday that there were limits to the central bank's ability to ignore the effect of sterling's slide on inflation, as policymakers consider whether to cut interest rates next week.

9:41am BST

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Highlights - Bank of England's Carney speaks in parliament

 

LONDON Bank of England Governor Mark Carney spoke to a committee of lawmakers from the House of Lords in Britain's parliament on Tuesday.

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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Sterling fall 'undoubtedly' on agenda at BoE rate meeting - Carney

 

LONDON Bank of England Governor Mark Carney said on Tuesday that the central bank would "undoubtedly" take the recent fall of sterling into account when its policymakers meet to consider cutting interest rates in the coming days.

9:41am BST

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Carney says UK-EU trade links could be global template

 

LONDON Britain's future trading relations in financial services with the European Union could be a template for a global regulatory system, Bank of England Governor Mark Carney said on Tuesday.

9:41am BST

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BoE's Carney says some global bank capital reforms will be cut

 

LONDON A key element of new bank rules, widely criticised by the finance industry for unnecessarily bumping up capital requirements, will be radically cut back, Bank of England Governor Mark Carney said on Tuesday.

9:41am BST

Airbus says supply chain needs to do more for A350 ramp-up in 2017

 

BERLIN The supply chain for the Airbus A350 jet is not yet where it needs to be to cope with an increased production rate in 2017, the chief financial officer of Airbus Group said on Wednesday.

9:28am BST

Asahi Mutual to invest in overseas infrastructure for first time

 

TOKYO Japan's Asahi Mutual Life Insurance plans to start investing in overseas infrastructure for the first time through its newly established funds, a senior executive told Reuters in an interview on Wednesday.

9:20am BST

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Metro Bank posts first quarterly underlying profit as deposits grow

 

British lender Metro Bank Plc reported a third-quarter underlying profit before tax, driven by growth in lending, deposits and customer accounts.

9:16am BST

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Hyundai Motor third-quarter profit tumbles far short of estimates; may miss sales target

 

SEOUL Hyundai Motor Co's quarterly net profit skidded to its lowest level in more than four years on a protracted strike at home and weakness in emerging markets, and it warned it may miss its sales targets for a second straight year.

8:46am BST

Airbus targets over 670 jet deliveries this year - CFO

 

PARIS Airbus expects to deliver more than 670 commercial jets this year, beating its restated official target of more than 650, Airbus Group Finance Director Harald Wilhelm said.

8:37am BST

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Bayer third-quarter profit beats forecasts on pharma, pesticides

 

FRANKFURT Bayer , the German drugmaker that is buying U.S. seed company Monsanto , beat expectations for third-quarter earnings as it kept pharmaceuticals selling expenses in check and raised prices for farming pesticides.

8:08am BST

Attestor Capital to back Monte dei Paschi debt conversion - paper

 

MILAN Investment fund Attestor Capital plans to take up a debt-to-equity conversion offer by Monte dei Paschi di Siena after investing nearly 1 billion euros (0.90 billion pounds) in the Italian bank's subordinated debt, an Italian daily reported.

German consumer morale falls heading into November - GfK institute

 

BERLIN The mood among German consumers worsened heading into November to reach its lowest level since April this year, a survey showed on Wednesday, linking the fall to fears that weakness in the global economy could hurt German growth.

7:33am BST

Hyundai Motor says it may miss annual sales target

 

SEOUL South Korean automaker Hyundai Motor Co warned on Wednesday it may miss this year's annual sales target of 5.01 million vehicles as a slowdown in emerging markets offsets a solid performance in Europe and China.

7:05am BST

New Zealand's top spot as easiest place to do business has unpalatable side

 

WELLINGTON New Zealand has edged out Singapore to take top spot for ease of doing business in the World Bank's latest rankings, but money laundering experts warned the honour masked the darker side of the Pacific nation's vulnerability as a channel for illegal funds.

6:15am BST

Taiyo Life to keep bulk of foreign bond holdings currency-hedged

 

TOKYO Japan's Taiyo Life Insurance increased currency-hedged foreign bond holdings in the first half of the fiscal year through March 2017 and plans to keep currency exposure limited in the second half, a senior official told Reuters on Wednesday.

6:06am BST

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NZ's top spot as easiest place to do business has unpalatable side

 

WELLINGTON New Zealand has edged out Singapore to take top spot for ease of doing business in the World Bank's latest rankings, but money laundering experts warned the honour masked the darker side of the Pacific nation's vulnerability as a channel for illegal funds.

5:39am BST

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BOJ set to hold fire, Kuroda may miss price goal during his tenure

 

TOKYO The Bank of Japan is likely to hold off on expanding stimulus next week despite an expected downgrade in its price forecast that may show Governor Haruhiko Kuroda won't see inflation hit his 2 percent target before his tenure ends in 2018.

5:27am BST

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Apple supplier LG Display tips strong fourth-quarter, flags order pickup from key client

 

SEOUL South Korea's LG Display Co Ltd on Wednesday said it expects strong fourth-quarter earnings as the Apple Inc supplier tipped growth in shipments of medium-to-small sized panels to a key client it would not name.

4:15am BST

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Apple's holiday surprise - big sales, not so big profits

 

Apple Inc posted its third successive quarter of declining iPhone sales on Tuesday and forecast slimmer-than-expected profit margins over the upcoming holiday season even as it projected record sales, sending its shares down.

3:37am BST

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For Apple, surprise hunger for big phones leaves money on table

 

Apple Inc said it was caught off guard by how many people want to buy its biggest smartphone, the iPhone 7 Plus, and the miscalculation may hit profits this holiday season.

3:36am BST

France's Engie sees greatest LNG growth as shipping fuel

 

SINGAPORE Demand for liquefied natural gas (LNG) as a shipping fuel could soar over the next 10-15 years if authorities this week agree a global cap on sulphur dioxide emissions, a senior executive of French energy firm Engie said.

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

Mercedes-Benz to launch pickup truck in 2017

 

FRANKFURT Mercedes-Benz said it will launch a pickup truck in late 2017, becoming the first German premium auto maker to enter one of the most lucrative segments in the car industry.

3:03am BST

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LG Display says its fourth-quarter panel shipments to a key client to rise

 

SEOUL South Korea's LG Display Co Ltd said on Wednesday it expects medium-to-small size display panel shipments for a key client to rise in the fourth quarter.

2:48am BST

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Redstone sues ex-girlfriends, says had to borrow from National Amusements

 

Media mogul Sumner Redstone on Tuesday sued two ex-girlfriends for civil claims including elder abuse, alleging he was forced to borrow $100 million (82 million pounds) from the private company that holds his voting shares of CBS Corp and Viacom Inc to cover tax obligations on gifts he gave to the women.

2:01am BST

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Kirin, Japan's Coca-Cola bottlers discussing possible capital tie-up

 

TOKYO Japanese beverage company Kirin Holdings said it is in talks with Japan's two Coca-Cola bottling companies, Coca-Cola East Japan and Coca-Cola West, about a possible capital tie-up.

1:55am BST

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Peru central banker does not rule out rate cut next year

 

LIMA Peru's central bank does not rule out lowering the benchmark interest rate if government reforms fail to revive domestic demand next year and inflation is low, the bank's president told Reuters on Tuesday.

1:20am BST

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UK firms' confidence halves after Brexit, London region suffers - survey

 

LONDON The number of British firms who are confident about the economy halved after the Brexit vote, with larger firms and those in regions which voted to stay in the EU more downbeat than those in areas that backed Leave, a survey showed.

12:13am BST

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Lighten up - tech firms take on economy-class flight challenge

 

SINGAPORE Some start-ups are taking on one of air travel's last undisrupted bastions - the economy-class cabin. While first and business class travellers have long enjoyed comfort upgrades, there's been less attention to innovation at the rear of the plane.

12:06am BST

Blockchain start-ups pair up on currency processing platform

 

LONDON Two London-based start-ups have joined forces on a platform to process currency trades with blockchain technology, in an effort to cut settlement times and costs in the $5 trillion-a-day (4.10 trillion pounds) global foreign exchange market.

12:04am BST

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A BAT deal with Reynolds adds to Big Tobacco's e-cig advantage

 

NEW YORK/LONDON British American Tobacco Plc's proposed takeover of Reynolds American Inc could speed up Big Tobacco's dominance of the quickly changing e-cigarette market, putting more pressure on early innovators already getting squeezed out.

25 Oct 2016

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EU to rule on Gazprom pipeline link to Germany by Oct. 31 - sources

 

BRUSSELS The European Union will decide by Monday whether to ease restrictions on Russia's access to a gas pipeline link to Germany, two people close to the issue said on Tuesday.

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

GDP figures are better than expected but ‘Brexit hasn’t happened yet’

 

Economists are predicting growth will slow in 2017 as rising inflation and weak earnings are expected to reduce consumer spending power

 

 

 

 

 

Nissan to build new models in Sunderland despite Brexit vote

 

 

 

 

 

 

 

 

 

 

Toys R Us offers ‘quiet hour’ for children with autism

 

Lights will be dimmed and in-store music turned down in order to make it more suitable for shoppers with autism

 

 

 

 

 

 

O2 warns on float as Misys pulls plug amid sinking market

 

 

 

 

 

 

Twitter to cut 9% of staff in bid to become profitable by 2017

 

 

 

 

 

 

Samsung Galaxy Note 7 recall has explosive impact on earnings

 

Profits all but wiped out after debacle but damage to electronics giant's brand still being calculated, with Samsung predicting a further $3bn-plus hit

 

 

 

 

 

 

 

 

Brexit sees UK drop to new low in global renewable energy league table

 

The Government’s decisions to scrap the Department for Energy and Climate Change and approve a new nuclear power station at Hinkley Point also hit investor confidence in green energy

 

 

 

 

 

 

Barclays Investment Bank safe for now as it powers bank’s results

 

Chief executive Jes Staley is on top of his critics, but his bankers need to behave themselves if he’s to stay there

 

 

 

 

 

 

 

 

Brexit helps boost Barclays profits by 35%

 

Bank takes £600m hit for more PPI compensation but makes millions from increased market volatility as uncertainty sparks flurry of bond trading

 

 

 

 

 

 

GlaxoSmithKline, FCA, Heineken: Business News in brief, 27 October

 

GSK profits from sterling's woes; Regulator to investigate 'vulnerable customers' approach; Heineken toasts rising beer sales

 

 

 

 

 

Deutsche Bank posts surprise profit despite threat of $14bn fine

 

 

 

 

 

UK salaries less than they were 12 years ago, official figures reveal

 

 

 

 

 

 

Financial Conduct Authority consults on role. Shouldn't it be obvious?

 

The watchdog was set up in 2013. While it has put forward some good ideas, the fact that it is still engaging in a seemingly interminable debate on what it should be doing, and how it should do its job, is disturbing

 

 

 

 

 

 

 

 

CBI urges Philip Hammond to borrow to increase infrastructure spending

 

The business lobby group says the Government should raise public sector net investment to 2 per cent of GDP, rather than the 1.7 per cent in the existing forecasts

 

 

 

 

 

 

Apple's profits fall for the first time since launch of iPod in 2001

 

The decline in sales dragged the company’s profits down by 14%

 

 

 

 

 

 

 

Lloyds PPI provisions reach a staggering £17bn. Who's really at fault

 

Institutional investors are failing their clients by not asking tougher questions of banks, and sitting back as money is poured into black holes of scandal

 

 

 

 

 

Lloyds Bank sets aside another £1bn for PPI compensation

 

 

 

 

 

Women - want to earn as much as men? You now have to wait until 2186

 

 

 

 

 

 

Food prices will go up when Brexit happens, Tesco boss says

 

His comments come after consumer good giants Unilever attempted to pass a 10 per cent price increase to Tesco earlier this month

 

 

 

 

 

 

 

Thousands of jobs at risk as Vauxhall takes $400m Brexit hit

 

US car giant prepared to 'take whatever action is necessary' after taking $400m hit from the pound's value crash

 

 

 

 

 

Vodafone fined £4.6m by Ofcom for ‘serious’ customer failings

 

 

 

 

 

Heathrow expansion: How the airlines reacted

 

 

 

 

 

 

Sterling hits lowest level since 'flash crash' before Carney testimony

 

The pound fell more than 1% in London trading Tuesday to its lowest level against the dollar since the October 7 'flash crash'

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

Used Cars Slip Past Recall Safeguards, Putting Drivers in Danger

 

By RACHEL ABRAMS and HIROKO TABUCHI

 

 

Federal law does not mandate used-car sellers to tell buyers when a car has been recalled or to make necessary safety repairs, and the results can be deadly.

 

 

 

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Dave Sanders for The New York Times

 

 

Buying at a Used Car Auction? What You Don’t Know Could Kill You

 

By RACHEL ABRAMS and HIROKO TABUCHI

 

Consumers are able to purchase cars that have deadly defects and sellers have few obligations to disclose the defects to them.

 

 

 

 

 

 

 

 

 

 

 

 

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Broadband Providers Will Need Permission to Collect Private Data

 

By CECILIA KANG 10:43 AM ET

 

The new rules require broadband providers to get permission to collect data on a subscriber’s web browsing, app use, location and financial information.

 

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Individualized Ads on TV Could Be One Result of AT&T-Time Warner Merger

 

By SAPNA MAHESHWARI

 

In a call with investors, the chiefs of the companies noted that the combined trove of their consumer data would be useful to marketers and consumers.

 

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AT&T’s Vision of Ultrafast Wireless Technology May Be a Mirage

 

By BRIAN X. CHEN and MARK SCOTT

 

The rapid wireless technology the company has described as a pillar of its Time Warner deal probably is a decade away from meaningful deployment.

 

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Twitter to Cut Jobs as It Aims for a Turnaround

 

By MIKE ISAAC

 

The social media company said it would lay off 9 percent of its work force, as it reported an increase in users and a narrowing of losses.

 

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ZTO Express of China Has Largest U.S. I.P.O. This Year

 

By RYAN MCMORROW

 

The delivery company, which helps connect retailers with shoppers in a vast market, raised $1.4 billion in the biggest Chinese I.P.O. in America since Alibaba.

 

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Tesla Motors Profit Surprises Investors Ahead of Merger Vote

 

By BILL VLASIC

 

Tesla’s chief, Elon Musk, who is SolarCity’s largest stockholder, is under pressure to prove that the electric carmaker can be a profitable foundation for a merger.

 

European Union Trade Deal With Canada Moves Forward

 

By JAMES KANTER 11:56 AM ET

 

The Belgian prime minister said on Thursday that the country’s leaders had reached a compromise, but the deal could still run into problems.

 

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Despite Brexit, Nissan to Build New Car Model in Britain

 

By STEVEN ERLANGER 8:48 AM ET

 

Nissan acted after getting reassurances that the company would be protected from any negative economic impact from Britain’s decision to leave the European Union.

 

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How Volkswagen Is Faring After the Emissions Deception

 

By NICOLA CLARK

 

While the scandal still weighs on earnings, the automaker predicted that sales this year would match those last year.

 

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Qualcomm to Acquire NXP Semiconductors for $38.5 Billion

 

By CHAD BRAY

 

The transaction would add scale to Qualcomm, which makes chips for smartphones, as consolidation continues in an industry facing eroding profit margins.

 

 

 

 

Earnings Reports

 

 

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

Apple adds Touch Bar to laptops

 

 

 

 

Apple refreshes its high-end laptops adding an interactive thin display above its keyboard.

 

 

 

Related content

 

 

 

 

 

 

 

 

Nissan to build new models in Sunderland

 

Nissan says it will build two new models at its Sunderland plant after government "support and assurances".

 

  • 27 October 2016
  • From the section Business

 

 

Related content

 

 

 

 

 

 

 

UK economy grows 0.5% after Brexit vote

 

The UK economy grew by a better-than-expected 0.5% in the three months following the Brexit vote.

 

  • 27 October 2016
  • From the section Business
  • comments

 

 

Related content

 

 

 

 

 

Twitter axes Vine video service

 

 

 

Tata hits back at Cyrus Mistry claims

 

  • 27 October 2016
  • From the section Business

 

 

Night-time alerts 'target impulse buys'

 

  • 27 October 2016
  • From the section Business

 

 

 

 

 

Twitter to cut jobs as growth slows

 

  • 27 October 2016
  • From the section Business

 

 

Blocked energy customers receive payouts

 

  • 27 October 2016
  • From the section Business

 

 

Extend maternity pay says business group

 

  • 27 October 2016
  • From the section Business

 

 

Belgians break EU-Canada deal deadlock

 

  • 27 October 2016
  • From the section Europe

 

 

Drivers 'face rising insurance bills'

 

  • 27 October 2016
  • From the section Business

 

 

Deutsche Bank reports surprise profit

 

  • 27 October 2016
  • From the section Business

 

 

 

 

Features & Analysis

 

 

 

Big Bang

 

How one day changed the City of London forever.

 

  • 27 October 2016
  • From the section Business

 

 

 

 

 

Falling behind?

 

Does sterling's fall mean the UK economy has fallen behind France?

 

  • 27 October 2016
  • From the section Business

 

 

 

 

 

God, alcohol, hash

 

Religious orders and their profitable sidelines.

 

  • 27 October 2016
  • From the section Business

 

 

 

 

 

 

 

Mac v PC

 

Who has the edge in the latest hardware launches?

Rory Cellan-Jones Technology correspondent

 

 

  • 27 October 2016
  • From the section Technology
  • comments

 

 

 

 

 

Tata quiz

 

What did ex-chairman Cyrus Mistry say in THAT email?

 

  • 27 October 2016
  • From the section Business

 

 

 

 

 

Smelting pot

 

Is China really taking US jobs?

 

  • 27 October 2016
  • From the section Business

 

 

 

 

 

 

Our Experts

 

Hammond says Treasury’s EU economic shock analysis 'partially invalid'

 

The chancellor breaks with past and says the assumptions behind the Treasury’s gloomy prognosis of the economic shock if Britain voted to leave the EU is now “partially invalid”.

19 October 2016

 

Kamal Ahmed Economics editor

Is this a golden age of infrastructure?

 

A new runway at Heathrow is not the only multibillion pound construction project being planned for the UK.

25 October 2016

 

Simon Jack Business editor

Bollywood drama in the boardroom: The Tata troubles

 

The battle of Tata versus its ousted chairman Cyrus Mistry is likely to raise lots of questions about just what kind of business the Tatas are running.

27 October 2016

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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UK economy escapes short-term Brexit hit, gets Nissan boost

 

LONDON Britain's economy slowed only slightly in the three months after the Brexit vote and carmaker Nissan said it would build more cars in the country, tempering fears about the immediate economic impact of the decision to leave the European Union.

5:13pm BST

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Nissan to build new models in UK after May offers support post-Brexit

 

LONDON/PARIS Japanese carmaker Nissan will build two new models in Britain despite the vote to quit the EU, giving Prime Minister Theresa May her most important corporate endorsement since the Brexit referendum in June.

5:26pm BST

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Britain will leave the single market - Secretary for Scotland

 

EDINBURGH Britain's decision to leave the European Union will also mean leaving the EU single market, one of Prime Minister Theresa May's cabinet ministers said on Thursday.

5:56pm BST

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FTSE boosted by Barclays, though mid-caps fall

 

LONDON Britain's top share index rose on Thursday in a choppy session, buoyed by well-received results from Barclays, though mid-cap stocks fell as earnings updates led to double-digit slides for AMEC Foster Wheeler and Berendsen.

5:38pm BST

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Deutsche Boerse's third quarter operating profit rises, sells BATS shares

 

FRANKFURT Deutsche Boerse's third-quarter adjusted operating profit rose by 8 percent to 286 million euros ($311.40 million) as its commodities and international clearing business made up for a weaker market environment.

7:12pm BST

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Apple revamps computer line with new MacBook Pro, adds touch screen keys

 

CUPERTINO, Calif. Apple Inc unveiled a revamped MacBook Pro on Thursday, adding a fingerprint reader, replacing function keys with a small touch screen and slimming down the ageing workhorse of its computer notebook line.

7:10pm BST

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No special status for Paris finance jobs after Brexit - minister

 

MONTEVRAIN, France France is determined to make Paris attractive for banks after Britain leaves the European Union, Finance Minister Michel Sapin said on Thursday, but without any special status for financial-services workers.

7:43pm BST

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Belgium breaks deadlock over EU-Canada trade pact

 

BRUSSELS Belgium's regions agreed to a free trade pact with Canada on Thursday, ending weeks of uncertainty when internal divisions in just one country blocked the European Union of 500 million people sealing the landmark deal.

7:11pm BST

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ECB's super-easy policy may lose effectiveness over time - Mersch

 

FRANKFURT The effectiveness of the European Central Bank's ultra-loose monetary policy may decline over time and some trends in bank lending already need closer scrutiny, ECB board member Yves Mersch said on Thursday.

7:08pm BST

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Qualcomm to buy NXP for $38 billion in biggest chip deal

 

Smartphone chipmaker Qualcomm Inc agreed to buy NXP Semiconductors NV for about $38 billion (31.21 billion pounds) in the biggest-ever deal in the semiconductor industry, making it the leading supplier to the fast-growing automotive chips market.

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

UPS CEO says $5.3 billion order for Boeing 747 freighters reflects demand

 

NEW YORK/CHICAGO United Parcel Service Inc said on Thursday it ordered 14 Boeing 747-8 cargo jets, a deal worth $5.3 billion at list prices that potentially breathes new life into an aircraft Boeing had warned it might cancel.

6:34pm BST

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Twitter cuts jobs with eye on 2017 profit; Vine discontinued

 

Twitter Inc said Thursday it would cut 9 percent of its global workforce to keep costs down even as quarterly results eclipsed Wall Street's beaten-down expectations, lifting shares that had fallen after a failed effort to sell the company.

6:28pm BST

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Twitter's video-sharing mobile app Vine to close

 

NEW YORK Twitter Inc announced Thursday that it would discontinue the video-sharing mobile app Vine, as it moves to cut 9 percent of its workforce worldwide to keep costs down after beating Wall Street quarterly earnings expectations.

6:27pm BST

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AstraZeneca pauses two cancer drug trials' enrolment due to bleeding

 

LONDON AstraZeneca's high hopes for cancer immunotherapy were dented on Thursday as the recruitment of new patients with head and neck cancer into two clinical studies was put on hold, following instances of bleeding.

6:25pm BST

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Exxon eyes setting up a trading division - FT

 

Exxon Mobil Corp is weighing building a full-scale trading division as it looks to counter a more than two-year rout in oil prices, the Financial Times reported on Thursday, citing people familiar with the matter.

6:22pm BST

Activist investor Oasis Management raises stake in Premier Foods

 

Activist hedge fund Oasis Management Co Ltd has raised its stake in Britain's Premier Foods Plc to 5.18 percent, a regulatory filing on Thursday showed, sending the company's shares up as much as 4 percent.

6:20pm BST

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Tata Steel's plans to seek partner on European steel assets unchanged - source

 

MUMBAI Tata Steel Ltd's plans for its European steel business are unchanged and the debt-laden firm is still seeking a partner for a joint venture to run the assets, according to a source present at a closed-door analyst briefing on Thursday.

6:16pm BST

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Recovering Anglo American sticks to asset sales but with less haste

 

LONDON/JOHANNESBURG Shares in Anglo American are up more than 200 percent this year, like prices of the coking coal it mines, and yet the group is sticking to an overhaul accelerated when commodity markets were rock bottom and it was in deep trouble.

6:14pm BST

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Germany stalls Osram unit sale to Chinese buyers - WirtschaftsWoche

 

FRANKFURT The German government has turned down a Chinese request for approval of a takeover of Osram's light bulbs unit Ledvance pending a review of the deal, German magazine WirtschaftsWoche reported on Thursday, citing financial sources.

6:09pm BST

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India's Tata group accuses ousted chairman of malice

 

NEW DELHI/MUMBAI Tata Sons accused its former chairman, Cyrus Mistry, of making "unsubstantiated claims and malicious allegations" against the Indian conglomerate as the gloves came off in a bitter and highly public row over his sacking earlier this week.

British data prompts global bond selloff; U.S. stocks flat

 

NEW YORK Strong growth data out of Britain prompted the worst daily selloff in gilts for months and pushed yields on the world's benchmark bonds higher on Thursday, as expectations eased for a Bank of England interest rate cut.

6:00pm BST

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Britain will leave the single market - Secretary for Scotland

 

EDINBURGH Britain's decision to leave the European Union will also mean leaving the EU single market, one of Prime Minister Theresa May's cabinet ministers said on Thursday.

5:56pm BST

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FTSE boosted by Barclays, though mid-caps fall

 

LONDON Britain's top share index rose on Thursday in a choppy session, buoyed by well-received results from Barclays, though mid-cap stocks fell as earnings updates led to double-digit slides for AMEC Foster Wheeler and Berendsen.

5:38pm BST

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France plans no special status for Paris finance jobs after Brexit, minister says

 

MONTEVRAIN, France The French government is determined to make Paris attractive for banks after Britain leaves the European Union, Finance Minister Michel Sapin said on Thursday, but he ruled out any special status for financial-services workers.

5:37pm BST

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Nissan to build new models in UK after May offers support post-Brexit

 

LONDON/PARIS Japanese carmaker Nissan will build two new models in Britain despite the vote to quit the EU, giving Prime Minister Theresa May her most important corporate endorsement since the Brexit referendum in June.

5:26pm BST

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VW brand profit plunges, Porsche lifts group

 

BERLIN Profits at Volkswagen's core brand plunged more than a half in the three months through September, turning up the pressure on the German carmaker to strike a big cost-cutting deal with its powerful works council.

5:17pm BST

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UK economy escapes short-term Brexit hit, gets Nissan boost

 

LONDON Britain's economy slowed only slightly in the three months after the Brexit vote and carmaker Nissan said it would build more cars in the country, tempering fears about the immediate economic impact of the decision to leave the European Union.

5:13pm BST

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Gilt yields hit post-Brexit highs after UK GDP data, sterling drops

 

LONDON British gilt yields surged to a post-Brexit peak on Thursday, after data showed the economy had grown faster than expected in the third quarter, reducing the chances of an interest rate cut in the near term.

5:13pm BST

U.S. business spending tepid; labour market firming

 

WASHINGTON New orders for U.S. manufactured capital goods unexpectedly fell in September amid weak demand for computers and electronic products, which could temper expectations for an acceleration in business spending in the fourth quarter.

4:57pm BST

Media companies want U.S. to force AT&T-Time Warner to share customer data

 

(This version of the story corrects spelling to Cahill Gordon & Reindel LLP from Cahill, Gordon & Reindell LLP in paragraph 19)

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

UK data prompts global bond sell-off as prospect of rate cut dims

 

LONDON Strong growth data in Britain prompted the worst daily sell-off in gilts for months and pushed yields on the world's benchmark bonds higher on Thursday, as expectations for a Bank of England rate cut fell.

4:48pm BST

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France aims to steal Britain's Indian investment crown

 

NEW DELHI France is pitching itself to Indian investors as their new gateway to the European Union's single market, hoping to supplant Britain now that the British have decided to leave the EU, the French industry minister told Reuters on Thursday.

4:41pm BST

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FCC will not say if agency will review AT&T purchase of Time Warner

 

WASHINGTON U.S. Federal Communications Commission Chairman Tom Wheeler on Thursday declined to say if he thinks the commission will review AT&T's proposed $85.4 billion purchase of Time Warner Inc .

4:30pm BST

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ECB's Nowotny says Dec meet to decide on QE, what to buy if prolonged

 

NICOSIA The ECB will decide in December on the mechanism for prolonging its quantitative easing asset purchase programme, European Central Bank (ECB) policymaker Ewald Nowotny said on Thursday.

4:26pm BST

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Iraq lures investors to boost its oil output as OPEC debates cuts

 

LONDON/BEIRUT As OPEC gathers in Vienna next month to consider cutting its oil output, a lower profile event in Baghdad on the same day will signal Iraq's longer term ambition to do precisely the opposite.

4:25pm BST

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IMF says decision on new Greek loan possible by year-end

 

WASHINGTON The International Monetary Fund said on Thursday it was possible that it could decide by year-end whether to participate in a new Greek loan program with IMF funding.

4:17pm BST

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Samsung Electronics vows mobile rebound, dangles buyback after Note 7 shock

 

SEOUL Samsung Electronics Co Ltd on Thursday said it aims to recover quickly from the disastrous withdrawal of the fire-prone Galaxy Note 7 that dragged third-quarter mobile earnings to their lowest level in nearly eight years.

4:03pm BST

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Samsung Note 7 probe results to be come at year-end - Samsung SDI exec

 

SEOUL Samsung Electronics and battery supplier Samsung SDI expect to announce the results of their probe into the cause of fires in some Galaxy Note 7 smartphones late this year, a SDI executive said on Thursday.

4:03pm BST

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Canada approval not needed for addendum to EU trade deal - source

 

OTTAWA Canada will not be required to approve a declaration that Belgium agreed with its regional parliaments to seal an EU-Canada free trade deal, a source close to the talks said on Thursday.

3:54pm BST

Brexit vote hits Bucher's street and sewer cleaning sales

 

ZURICH British orders for Swiss-based Bucher Industries' street sweepers and sewer cleaners have fallen dramatically since the country's vote to leave the European Union.

Carr, Adriaanse added to Springboks squad for Europe tour

 

JOHANNESBURG South Africa added flanker Nizaam Carr and prop Lourens Adriaanse to their squad on Thursday for next month's tests against England, Italy and Wales. Carr comes in for Jaco Kriel, who injured his knee playing club rugby in Japan and has been ruled out for eight weeks.

3:19pm BST

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Tesla up on surprise profit, reassurance on capital plans

 

Tesla Motors Inc's shares rose more than 5 percent in early trading on Thursday as investors welcomed the electric car maker's first quarterly profit in more than three years and its reassurance that the Model 3 sedan would not need new capital.

3:07pm BST

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Deutsche Bank warns of tough times ahead as braces for U.S. fine

 

FRANKFURT Deutsche Bank chief John Cryan pledged to redouble restructuring efforts on Thursday, warning that the bank faces tough times ahead as it finalises talks with U.S. justice authorities over a multi billion dollar fine.

2:53pm BST

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Cooler weather helps UK retail sales grow at fastest in over a year - CBI

 

LONDON, Oct 27 British retail sales rebounded in October to grow at their fastest rate in over a year, after an end to unseasonably warm weather boosted demand for autumn clothing, an industry survey showed on Thursday.

2:20pm BST

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Saudi Arabia, Gulf OPEC ready to cut oil output by 4 percent - sources

 

DUBAI Saudi Arabia and its Gulf OPEC allies are willing to cut 4 percent from their peak oil output, energy ministers from the Gulf countries told their Russian counterpart this week, sources familiar with the matter told Reuters.

2:03pm BST

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Oil down 1 percent on OPEC worry, offsetting U.S. inventory fall

 

(This version of the story from 26th October 2016 has been corrected in paragraph 10 to remove Venezuela from countries expected to be exempt from oil cartel production cut)

1:56pm BST

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UK car industry body says govt must give public Brexit reassurance to investors

 

LONDON Britain should publicly reassure firms that the key advantages of European Union membership will be kept following Brexit, a car industry body said on Thursday, after Nissan said it would build a new model at its English plant.

1:46pm BST

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Buyout firm Blackstone third-quarter earnings beat estimates

 

NEW YORK Blackstone Group LP , the world's biggest alternative asset manager, posted stronger-than-expected third-quarter earnings on Thursday as its real estate, private equity and credit investments posted sharp turnarounds.

1:43pm BST

Brexit dents Swiss engineer ABB's orders and outlook

 

ZURICH/MUNICH ABB's orders slipped for a sixth quarter and are not forecast to rise soon as Brexit, the U.S. elections and July's attempted Turkish coup compounded hesitation among customers of its Power Grids business, knocking its shares.

1:34pm BST

Recall, product launch costs slash Ford third-quarter profit

 

DETROIT Ford Motor Co reported a more than 50 percent drop in third-quarter net income on Thursday, saying its North American business suffered from lower sales, higher recall costs and a complicated introduction of a new pickup truck.

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

Hammond says economy needs support despite third quarter growth

 

LONDON The Chancellor of exchequer Philip Hammond said he would need to take steps to support growth in his first budget statement next month, despite data on Thursday showing the economy slowed less than expected after Britain voted to leave the European Union.

1:17pm BST

UK PM May says to work with Nissan to maintain competitiveness

 

LONDON Prime Minister Theresa May said on Thursday she will work with Nissan to maintain Britain's competitiveness after the Japanese carmaker said it will build two new models at its north of England plant despite concerns over Brexit.

1:16pm BST

UK says Nissan could receive support for expanding Sunderland plant

 

LONDON Japanese carmaker Nissan could receive support from government-backed groups for infrastructure work if it expands its north of England plant after announcing it will build two new models there, Britain said on Thursday.

12:39pm BST

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Hundreds of flights cancelled in Lufthansa budget unit strike

 

AMSTERDAM Cabin crews at Lufthansa budget units Eurowings and Germanwings staged a strike on Thursday in a row over pay and conditions, forcing the carrier to cancel hundreds of flights.

12:38pm BST

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Mayor of London says banks must have post-Brexit access to Europe

 

LONDON Failing to maintain access for banks to the European Union market after Brexit would be an act of "economic sabotage" that would ripple across Britain, London Mayor Sadiq Khan will say on Thursday.

12:10pm BST

Volkswagen invests 150 million euros in new logistics centre in Slovakia

 

BRATISLAVA German carmaker Volkswagen will invest 150 million euros ($163.67 million) to build a logistics centre near its assembly plant in Bratislava, Slovakia, the company said on Thursday.

12:07pm BST

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Swedish central bank holds policy, primes guns for December action

 

STOCKHOLM Sweden's central bank kept ultra-low rates and its bond purchase programme unchanged on Thursday, but said a recent slowdown in inflation meant the chance of a rate cut had risen and it was ready to expand quantitative easing at its next meeting in December.

11:49am BST

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Software maker Misys tops list of ditched UK IPOs

 

LONDON After struggling for weeks to woo buyers for a proposed public offering, financial software firm Misys scrapped plans to relist on the London stock market, blaming shaky market conditions and adding to a run of aborted floatations in recent weeks.

11:46am BST

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UK secured Nissan investment with Brexit relief promise - source

 

PARIS Britain has given Nissan a written commitment of extra support in the event that Brexit reduces the competitiveness of its Sunderland plant, in return for new production investments by the Japanese carmaker, a source with knowledge of the matter told Reuters.

11:35am BST

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Nissan decision on Qashqai a vote of confidence in Britain - May

 

LONDON Nissan's decision to build its new Qashqai model at its Sunderland plant is a vote of confidence that shows Britain is open for business after its vote to leave the European Union, Prime Minister Theresa May said on Thursday.

Russian tycoon to buy 12 percent in Rusal from Onexim - sources

 

MOSCOW Russian billionaire Viktor Vekselberg and his co-investors in Sual Partners plan to buy a 12 percent stake in aluminium maker Rusal held by Mikhail Prokhorov's Onexim group, two sources close to Vekselberg told Reuters.

11:32am BST

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Amplats offers unions 7 percent wage hike, 'peace' clause

 

JOHANNESBURG Anglo American Platinum has tentatively agreed with South African unions to wage increases of at least 7 percent over the next three years to avert a strike, a draft agreement obtained Reuters showed on Thursday.

11:30am BST

PTSB sells UK loan book to complete EU deleveraging plan

 

DUBLIN Ireland's permanent tsb (PTSB) said it has sold its remaining UK mortgage portfolio for 1.95 billion pounds ($2.38 billion) to complete a deleveraging programme agreed with the European Union.

11:17am BST

Schneider sees Brexit impact in coming quarters

 

French electrical component maker Schneider Electric said it expected its UK business to be hit by the country's exit from the European Union as it announced measures to boost profitability.

11:15am BST

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Demand for fibre helps BT meet forecasts, pension deficit widens

 

LONDON BT , Britain's biggest broadband provider, reported a 1 percent rise in second-quarter earnings on Thursday, in line with market expectations and helped by price rises and strong demand for fibre connections to keep it on track to hit its full-year targets.

11:08am BST

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UK car exports offset domestic drop in September output rise

 

LONDON British car production rose by an annual 0.9 percent in September with a rise in exports compensating for a fall in demand at home, an industry body said on Thursday.

11:07am BST

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UK commercial property sees partial recovery after Brexit slump - RICS

 

LONDON Demand from British businesses for commercial property has partly recovered from its slump after June's vote to leave the European Union and foreign investors are looking to take advantage of the weak pound, industry data showed on Thursday.

11:06am BST

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UK employers urge Hammond to boost investment, infrastructure

 

LONDON Chancellor Philip Hammond should encourage businesses to invest and spend more on infrastructure when he delivers his first budget statement since Britain's vote to leave the European Union, an employers group said.

11:06am BST

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EU sends statement of objections to Brussels Airlines and TAP over code-share

 

BRUSSELS European Union antitrust regulators have sent Brussels Airlines and TAP Portugal a statement of objections over their code-sharing on the Brussels-Lisbon route because they believe it restricts competition between the two airlines.

10:52am BST

Kaz Minerals' nine-month copper output jumps 66 percent on expanded mines

 

LONDON Kaz Minerals reported a 66 percent jump in production between January and September on Thursday as two of its main mines raised output, sending shares in the Kazakhstan copper firm to a two-year high.

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

CEO of engineering firm Arcadis quits after profit fall

 

AMSTERDAM The chief executive of Arcadis stepped down on Thursday over what the board called a difference of opinion about the Dutch engineering firm's future following a sharp fall in earnings.

10:46am BST

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Barclays produces bumper profits on bond trading boom

 

LONDON Barclays on Thursday reported a forecast-beating bounce in third-quarter profits to 1.7 billion pounds, benefiting like its U.S. rivals from a bumper quarter for its investment banking business.

10:46am BST

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Britain resumes Lloyds exit with first share sale in a year

 

LONDON Britain has cut its stake in Lloyds Banking Group to just below 9 percent in a renewed attempt to return the lender to full private ownership over the next year.

10:46am BST

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Samsung Electronics vows mobile rebound, dangles buyback after Note 7 shock

 

SEOUL Samsung Electronics Co Ltd on Thursday said it aims to recover quickly from the disastrous withdrawal of the fire-prone Galaxy Note 7 that dragged third-quarter mobile earnings to their lowest level in nearly eight years.

10:42am BST

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Euro zone lending growth levels off, keeps ECB on toes

 

FRANKFURT Growth in loans to euro zone companies and households is levelling off, European Central bank data showed on Thursday, keeping the pressure on the ECB to maintain its aggressive stimulus policy for months to come.

10:38am BST

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De Boer relieved but not out of the woods yet

 

MILAN Inter Milan coach Frank de Boer said he felt a little more comfortable after his struggling side beat Torino 2-1 on Wednesday, although the Dutchman may not be out of the woods yet.

10:27am BST

Magners Cider maker C&C sees Brexit opportunities

 

DUBLIN Irish cider maker C&C believes the fall in the value of sterling will give it a competitive advantage over rivals with fewer sterling costs and could open up opportunities for acquisitions, its chief executive said on Thursday.

10:24am BST

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Debenhams ekes out minimal growth, quiet on future plans

 

LONDON Debenhams , Britain's second-largest department store group, achieved minimal growth in a tough clothing market and said a plan to focus more on beauty, gifts and food products meant it was well-placed for the year ahead.

10:23am BST

Amec Foster unnerves investors as it postpones capital markets day

 

Oilfield services firm Amec Foster Wheeler postponed its capital markets day until next year and forecast a further decline in oil and gas revenue in 2017, sending its shares tumbling 20 percent on Thursday.

10:22am BST

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GDP data shows Britain's economy can cope with EU exit - Hammond

 

LONDON Chancellor Philip Hammond said that Thursday's better-than-expected GDP growth showed the economy was resilient and well-placed to cope with the challenges thrown up by Britain's exit from the European Union.

Audi has 620 million euros in third-quarter costs, lowers profit guidance

 

BERLIN Volkswagen's luxury division Audi has lowered its guidance for profitability this year on mounting costs of the diesel emissions scandal and possible recalls of cars fitted with Takata Corp airbags.

10:06am BST

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Spanish court orders VW to pay compensation to buyer of polluting Audi

 

MADRID A Spanish court on Wednesday for the first time ruled in favour of a buyer of a Volkswagen car with altered emissions software, ordering two of the German firm's local units to pay a 5,000 euro (4,463 pound) fine to the car's owner.

9:25am BST

Engie seeks to power Asia with gas, renewables

 

SINGAPORE France's Engie , the world's largest independent power producer, is rolling out natural gas and renewable power projects across Asia-Pacific as it gradually exits coal-fired power generation in the region.

9:12am BST

Moneysupermarket brings on John Lewis's retail director as CEO

 

Price comparison website Moneysupermarket.com Group Plc said it had appointed Mark Lewis, the retail director of British department store chain John Lewis, as its chief executive officer.

9:11am BST

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Philippines still good for investment, looks to Asian ties - minister

 

TOKYO The Philippines is a good place for foreign investment despite statements from its volatile president attacking the United States and worries about his foreign policy, Philippine Finance Secretary Carlos Dominguez said on Thursday.

9:03am BST

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European Parliament official calls EU 'impossible' trade negotiator

 

BERLIN The European Union's inability to complete a trade agreement with Canada is an embarrassment and could harm its ability to negotiate future deals, a European Parliament vice president said in a radio interview.

8:48am BST

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Sanofi partners with Brazil to accelerate Zika vaccine work

 

Sanofi has struck a collaboration deal with a leading Brazilian research institute to speed development of a Zika vaccine, consolidating the French drugmaker's position in the race to defeat the mosquito-borne virus.

8:37am BST

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Deutsche Bank CFO says liquidity position has stabilised

 

FRANKFURT Deutsche Bank's liquidity position and prime brokerage deposits have stabilised since the first week of October following the threat of a multi-billion dollar fine from U.S. regulators, finance chief Marcus Schenck said on Thursday.

8:20am BST

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Exclusive - General Electric wins $900 million Brazil power plant, grid contract

 

NEW YORK General Electric has won a $900 million (737 million pound) contract to build a 1,500 megawatt natural-gas-fired combined-cycle power plant in the Brazilian state of Sergipe, the largest such plant in Latin America, company executives said.

8:05am BST

Henderson gets market, FX boost as third-quarter assets rise 6 percent

 

LONDON London-based fund manager Henderson Group said on Thursday that third-quarter assets under management rose 6 percent, buoyed by positive market moves and currency gains after a slide in the value of sterling.

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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UK economy set to sidestep third-quarter slump, but tougher times lie ahead

 

LONDON Britain escaped a severe economic slowdown in the three months after the Brexit referendum shock, official figures are expected to show on Thursday, further diminishing the chance of a fresh interest rate cut by the Bank of England next week.

7:46am BST

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Telefonica will decide on O2 listing when markets steady - UK CEO

 

LONDON Telefonica will not list its British mobile business in 2016, the unit's chief executive said, citing softer demand for initial public offerings and the impact of the weaker pound, and would only go ahead in 2017 if market conditions are right.

7:44am BST

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BHP Billiton's Samarco disaster head to leave company in March

 

MELBOURNE BHP Billiton said on Thursday its chief commercial officer, Dean Dalla Valle, who has led the company's response to the deadly Samarco dam disaster in Brazil, will leave the company in March 2017.

7:42am BST

Car dealership Inchcape says benefits from fall in the pound

 

LONDON Car dealership chain Inchcape said its performance was boosted by the fall in the value of the pound since Britons voted to leave the European Union.

7:33am BST

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Toyota executive pledges to weather Brexit fallout in Britain

 

TOKYO Britain's decision to leave the European Union may dent Toyota Motor Corp's competitiveness in the region, but the Japanese automaker did not see it as a trigger to shift production away from the country, a senior executive said.

7:06am BST

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China's slowing industrial profits show rising debt hampering economy

 

BEIJING Profit growth in China's industrial firms slowed sharply as some key manufacturing sectors stumbled on weak activity and rising debt, suggesting the world's second-biggest economy remains underpowered despite emerging signs of stability.

6:17am BST

China testing scheme to gauge shadow banking risk - newspaper

 

SHANGHAI China is still testing a scheme to include off-balance sheet financing in assessing the health of commercial banks before rolling it out more widely, an influential newspaper quoted the central bank's top economist as saying.

5:50am BST

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India's Tata Steel says financial statements present true and fair value

 

MUMBAI Tata Steel Ltd on Thursday said its financial statements present a true and fair value of the company, in response to a request for clarification from India's stock exchanges.

5:48am BST

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China to exceed 2016 target for steel capacity cuts - industry group

 

SHANGHAI China is set to hit its 2016 target for crude steel capacity cuts by late October, with additional reductions expected in the last two months of the year, an industry association said on Thursday.

5:44am BST

GuocoLand to subscribe to 27 percent stake in Malaysia's Eco World Int'l IPO

 

KUALA LUMPUR Malaysian property developer Eco World International Berhad said on Thursday GuocoLand Ltd , controlled by tycoon Quek Leng Chan, will subscribe to a 27 percent stake in the company's upcoming initial public offering.

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

GuocoLand to subscribe to 27 percent stake in Malaysia's Eco World Int'l IPO

 

KUALA LUMPUR Malaysian property developer Eco World International Berhad said on Thursday GuocoLand Ltd , controlled by tycoon Quek Leng Chan, will subscribe to a 27 percent stake in the company's upcoming initial public offering.

5:36am BST

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BOJ won't try to push down super-long yields - Kuroda

 

TOKYO Bank of Japan Governor Haruhiko Kuroda said on Thursday the central bank would not try to push down super-long government bond yields - even if they rise further - because it is focused on controlling the yield curve for out to 10 years.

5:20am BST

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China courier ZTO delivers year's biggest U.S. IPO

 

NEW YORK Chinese package delivery company ZTO Express said it raised $1.4 billion (1 billion pounds) in the biggest U.S. initial public offering of the year on Wednesday as its backers cashed in on China's booming online-shopping industry.

4:56am BST

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Deutsche Bank to sell Mexican units to local peer InvestaBank

 

MEXICO CITY Mexico's InvestaBank said on Wednesday it had agreed to buy two Mexican units of Deutsche Bank as the German lender exits non-core businesses amid a drive to cut costs in a major organisational shake-up.

3:38am BST

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Samsung Electronics shareholders OK board seat for Samsung Group scion

 

SEOUL Samsung Electronics Co Ltd shareholders voted on Thursday to make Vice Chairman Jay Y. Lee a board director, a move seen as further cementing the 48-year-old's role as the leader of Samsung Group.

3:33am BST

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Samsung Electronics to respond to Elliott in November

 

SEOUL Samsung Electronics Co Ltd on Thursday said it is considering activist hedge fund Elliott Management's proposals for a radical corporate makeover and will respond by the end of November.

3:23am BST

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Samsung Electronics says Note 7 probe goes beyond batteries

 

SEOUL Samsung Electronics Co Ltd said on Thursday it will examine every aspect of the Galaxy Note 7 such as hardware, software and the manufacturing process to determine the root cause of the fires that led to the phone's cancellation.

3:20am BST

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To applause and boos, Kerry urges Congress to ratify Pacific trade pact

 

CHICAGO Failure to approve the Trans-Pacific Partnership trade deal would be a major setback for U.S. interests in Asia as Washington seeks to deepen alliances in the region, Secretary of State John Kerry said on Wednesday, urging Congress to ratify the pact.

2:55am BST

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Samsung Electronics to change quality assurance processes after Note 7 withdrawal

 

SEOUL Samsung Electronics Co Ltd on Thursday said it would make significant changes to its quality assurance processes in the wake of the withdrawal of its Galaxy Note 7 devices over safety concerns.

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

Samsung Electronics considering buying back more shares

 

SEOUL Samsung Electronics Co Ltd said on Thursday it is considering another round of share buybacks, without commenting on specifics including the amount of money to be returned to shareholders.

1:50am BST

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Salesforce.com CEO speaks of failed efforts to buy Twitter, LinkedIn

 

Salesforce.com Inc Chief Executive Officer Marc Benioff spoke on Wednesday about a pair of key acquisitions that got away, suggesting his vision for LinkedIn Corp was different from Microsoft Corp's and that he would have pursued Twitter Inc if shareholders had not learnt of his plans.

1:31am BST

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Belgium keeps EU, Canada waiting over trade deal

 

BRUSSELS Belgian politicians failed to break their deadlock over a planned EU-Canada free trade agreement on Wednesday, but agreed to resume talks on Thursday in a sign they may be nearing a consensus that would keep the deal alive.

12:51am BST

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Tesla turns profit, Musk says no new capital needed for Model 3

 

SAN FRANCISCO Tesla Motors Inc reported its first quarterly net profit in more than three years on Wednesday, buoyed by nearly $139 million in sales of clean car credits, and Chief Executive Elon Musk said the company could turn a profit again in the fourth quarter.

12:49am BST

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May's office plays down pre-referendum remarks to Goldman Sachs

 

LONDON Prime Minister Theresa May's office played down the significance of comments she made before the referendum warning that companies would leave Britain if the country backed Brexit, after the Guardian newspaper published a recording of a private meeting she held with Goldman Sachs.

12:41am BST

Canada says PM Trudeau won't travel to Brussels on Wednesday

 

OTTAWA Canadian Prime Minister Justin Trudeau will not be flying to Brussels on Wednesday night because a free trade deal he was supposed to sign with the European Union on Thursday is not finished yet, an official said.

12:35am BST

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Samsung Electronics to limit Galaxy Note 7 battery charge in South Korea

 

SEOUL Samsung Electronics Co Ltd said on Thursday it will implement a software update in South Korea to prevent Galaxy Note 7 smartphone batteries from charging beyond 60 percent, the latest safety step for the recalled, fire-prone phones.

12:18am BST

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Lufthansa budget carriers to stage one-day strike, 380 flights affected

 

FRANKFURT Cabin crew at Lufthansa's budget airlines Germanwings and Eurowings will stage a 24-hour strike on Thursday, leading to the cancellation of about 380 flights in a dispute over pay and working conditions.

26 Oct 2016

Trafigura executive arrested at Brazil airport in graft probe - sources

 

SAO PAULO A London-based executive at Dutch trading company Trafigura Beheer BV was detained at an airport in Brazil as part of a corruption investigation into state oil company Petroleo Brasileiro SA, two sources with knowledge of the matter said on Wednesday.

26 Oct 2016

Clinton expresses concern about AT&T-Time Warner deal

 

ABOARD CLINTON CAMPAIGN PLANE Democratic presidential nominee Hillary Clinton said on Wednesday the proposed tie-up between AT&T Inc and Time Warner Inc raised concerns that needed study.

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

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