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    • This is the other sign  parking sign 1a.pdf
    • 4 means that they need to name and then tell the people who will be affected that there has been an application made, what the application relates to (specificially "whether it relates to the exercise of the court’s jurisdiction in relation to P’s property and affairs, or P’s personal welfare, or to both) and what this application contains (i.e what order they want made as a result of it) 5 just means that teh court think it is important that the relevant people are notified 7 means that the court need more information to make the application, hence they have then made the order of paragraph 1 which requires the applicant to do more - this means the court can't make a decision with the current information, and need more, hence paragraph one of the order is for the applicant to do more. paragraph 3 of the order gives you the ability to have it set aside, although if it was made in january you are very late. Were you notiifed of the application or not?    
    • These are the photos of the signs. At the entrance there is a 7h free sign. On some bays there is a permit sign.  Also their official website is misleading as it implies all parking is free.  I can't be certain of the exact parking bay I was in that day, and there was no PCN ticket on my car and no other evidence was provided.  parking sign 2.pdf
    • Hi, In my last post I mentioned I had received an email from SS who were asking me to hand over the keys to my mother’s flat so they could pass them to the Law firm who have been appointed court of protection to access, secure and insure my mother’s property.  Feeling this, all quickly getting out of my hands I emailed ss requesting proof of this. I HAVEN’T HEARD BACK FROM SS.  Yesterday, I received an email (with attached court of protection order) from the Law Firm confirming this was correct (please see below a copy of this).  After reading the court of protection order I do have some concerns about it:   (a)   I only found out yesterday, the Law firm had been appointed by the court back in January.  Up until now, I have not received any notification regarding this.  (b)   Section 2   - States I am estranged from my mother.  This is NOT CORRECT    The only reason I stepped back from my mother was to protect myself from the guy (groomer) who had befriended her & was very aggressive towards me & because of my mother’s dementia she had become aggressive also.  I constantly tried to warned SS about this guy's manipulative behaviour towards my mother and his increasing aggressiveness towards me (as mentioned in previous posts).  Each time I was ignored.  Instead, SS encouraged his involvement with my mother – including him in her care plans and mental health assessments.   I was literally pushed out because I feared him and my mother’s increasing aggression towards me. Up until I stepped back, I had always looked after my mother and since her admission to the care home, I visit regularly.   .(c)    Sections -  4, 5 and 7  I am struggling to understand these as I don’t have a legal background.  I was wondering if there is anyone who might be able to explain what they mean.  It’s been a horrendous situation where I had to walk away from my mother at her most vulnerable because of; ss (not helping), scammer and groomer. I have no legal background, nor experience in highly manipulative people or an understanding of how the SS system operates, finding myself isolated, scared and powerless to the point I haven’t collected my personal belongings and items for my mother’s room in the care home.  Sadly, the court has only had heard one version of this story SS’s, and based their decision on that. My mother’s situation and the experience I have gone through could happen to anyone who has a vulnerable parent.    If anyone any thoughts on this much appreciated.  Thank you. ______________________________________________________  (Below is the Court of Protection Order)  COURT OF PROTECTION                                                                                                                                                                                   No xxx  MENTAL CAPACITY ACT 2005 In the matter of Name xxx ORDER Made by  Depty District Judge At xxx Made on xxx Issued on 18 January 2024  WHEREAS  1.     xxx Solicitors, Address xxx  ("Applicant”) has applied for an order under the Mental Capacity Act 2005.  2.     The Court notes (my mother) is said to be estranged from all her three children and only one, (me) has been notified.  3.     (Me) was previously appointed as Atorney for Property and Affairs for (my mother).  The Exhibity NAJ at (date) refers to (me) and all replacement Attorneys are now officially standing down.  4.     Pursuant to Rule 9.10 of the Court of Protection Rules 2017 and Practice Direction 9B the Applicant 2must seek to identify at least three persons who are likely to have an interest in being notified that an application has been issues.”  The children of (my mother), and any other appointed attorneys are likely to have an interest in the application, because of the nature of relationship to (my mother).  5.     The Court considers that the notification requirements are an important safeguard for the person in respect of whom an order is sought.  6.     The Court notes that it is said that the local authority no longer has access to (my mother’s) Property.  7.     Further information is required for the Court to determine the application.  IT IS ORDERED THAT  Within 28 days of the issue date this order, the Applicant shall file a form COP24 witness statement confirming that the other children of (my mother) and any replacement attorneys have been notified of the application and shall confirm their name, address, and date upon which those persons were notified.  If the Applicant wishes the Court to dispense with any further notification, they should file a COP9 and COP24 explaining, what steps (if any) have been taken to attempt notification and why notification should be dispensed with.   Pending the determination of the application to appoint a deputy for (my mother), the Applicant is authorised to take such steps as are proportionate and necessary to access, secure and insure the house and property of (my mother).   This order was made without a hearing and without notice.  Any person affected by this order may apply within 21 days of the date on which the order was served to have the order set aside or varied pursuant to Rule 13.4 of the Court of Protection Rules 2017 (“the Rules”).  Such application must be made on Form COP9 and in accordance with Part 10 Rules.              
    • Unless I've got an incorrect copy of the relevant regulation: The PCN is only deemed to have arrived two days after dispatch "unless the contrary is proved" in which case date of delivery does matter (not just date of posting) and I would like clarification of the required standard of proof. It seems perhaps this hasn't been tested. Since post is now barcoded for the Post Office's own tracking purposes perhaps there is some way I can get that evidence from the Post Office...
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    • If you are buying a used car – you need to read this survival guide.
      • 1 reply
    • Hello,

      On 15/1/24 booked appointment with Big Motoring World (BMW) to view a mini on 17/1/24 at 8pm at their Enfield dealership.  

      Car was dirty and test drive was two circuits of roundabout on entry to the showroom.  Was p/x my car and rushed by sales exec and a manager into buying the mini and a 3yr warranty that night, sale all wrapped up by 10pm.  They strongly advised me taking warranty out on car that age (2017) and confirmed it was honoured at over 500 UK registered garages.

      The next day, 18/1/24 noticed amber engine warning light on dashboard , immediately phoned BMW aftercare team to ask for it to be investigated asap at nearest garage to me. After 15 mins on hold was told only their 5 service centres across the UK can deal with car issues with earliest date for inspection in March ! Said I’m not happy with that given what sales team advised or driving car. Told an amber warning light only advisory so to drive with caution and call back when light goes red.

      I’m not happy to do this, drive the car or with the after care experience (a sign of further stresses to come) so want a refund and to return the car asap.

      Please can you advise what I need to do today to get this done. 
       

      Many thanks 
      • 81 replies
    • Housing Association property flooding. https://www.consumeractiongroup.co.uk/topic/438641-housing-association-property-flooding/&do=findComment&comment=5124299
      • 161 replies
    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

      Frankly I don't think that is any accident.

      One of the points that the judge made was that the customers contract with the broker specifically refers to the courier – and it is clear that the courier knows that they are acting for a third party. There is no need to name the third party. They just have to be recognisably part of a class of person – such as a sender or a recipient of the parcel.

      Please note that a recent case against UPS failed on exactly the same issue with the judge held that the Contracts (Rights of Third Parties) Act 1999 did not apply.

      We will be getting that transcript very soon. We will look at it and we will understand how the judge made such catastrophic mistakes. It was a very poor judgement.
      We will be recommending that people do include this adverse judgement in their bundle so that when they go to county court the judge will see both sides and see the arguments against this adverse judgement.
      Also, we will be to demonstrate to the judge that we are fair-minded and that we don't mind bringing everything to the attention of the judge even if it is against our own interests.
      This is good ethical practice.

      It would be very nice if the parcel delivery companies – including EVRi – practised this kind of thing as well.

       

      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
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The great interest rate rip off part 10


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Belgians block key EU pact with Canada

 

 

 

 

Belgium cannot sign a landmark EU trade deal with Canada, Prime Minister Charles Michel says, because of objections led by its Wallonia region.

 

  • 24 October 2016
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Tata replaces chairman with Ratan Tata

 

Tata Sons board replaces Cyrus Mistry as chairman and sets up a selection committee to find a permanent replacement.

 

  • 24 October 2016
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Government to review betting machines

 

 

 

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Cartoon king

 

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On your behalf

 

The students in Australia shopping for customers in China

If DEBT is the problem REPAYMENT is the solution

 

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Brexit: ITV to cut 120 jobs as uncertainty hits advertising market

 

Job losses will take place across all areas of business and amount to 2 per cent of ITV's workforce

 

 

 

Manufacturing orders disappoint in October

 

 

 

 

 

 

 

 

 

Property investors to snap up EU offices ahead of looming bank exodus

 

Property investors are looking for office spaces the banks may need after the UK leaves the EU

 

 

 

 

 

 

Samsung Galaxy Note 7: Hundreds sue over exploding smartphone scandal

 

 

 

 

 

 

World's second largest tobacco company tells people to quit smoking

 

 

 

 

 

 

When is Black Friday 2016? The deals and stores to watch out for

 

The countdown has started

 

 

 

 

 

 

 

 

Climate change ‘could spark the world’s next financial crisis’

 

‘You don’t need to believe in climate change, you don’t need to believe that it is man-made. You just need to believe that governments are going to do stuff and that is going to affect your business. And then it is a material risk'

 

 

 

 

 

 

Amazon.com stock gaining, Goldman ups price target

 

Amazon.com's stock price target was boosted to $1,050 at Goldman on Monday morning.

 

 

 

 

 

 

 

 

Trump and Clinton camps raise concerns over AT&T-Time Warner merger

 

Politicians from both the Republican and Democratic parties expressed concerns over the deal

 

 

 

 

 

 

Leading banks 'planning to leave UK early next year' over Brexit fears

 

'Their hands are quivering over the relocate button' head of British Bankers' Association warns

 

 

 

 

 

10 things you shouldn't buy on Black Friday

 

 

 

 

 

Comcast (CMCSA) stock declines, increases BuzzFeed investment

 

 

 

 

 

 

Nintendo: McDonald's, CETA: Business news in brief Saturday 22 October

 

The European Union failed to finalise a massive free trade deal with Canada by a self-imposed deadline on Friday, with the tiny Belgian region that's holding up the pact saying its objections had not been sufficiently addressed.

 

 

 

 

 

 

 

 

Pound value drops below $1.22 as May faces opposition at EU summit

 

Sterling has lost almost a fifth of its value against the dollar since the referendum in June

 

 

 

 

 

 

Theresa May's 'diplomatic war' with EU is 'hurting businesses'

 

Theresa May was making her first appearance as Prime Minister at the European Council on Friday

 

 

 

 

 

 

 

The Apprentice: Why the business community wants to see it fired

 

Lord Sugar's vehcile makes for brilliant television but it's the last thing business needs in the wake of the BHS and Sports Direct scandals

 

 

 

 

 

Price of wine set to soar as production nears 20-year low

 

 

 

 

 

Nissan to make Sunderland plant investment decision 'next month'

 

 

 

 

 

 

Online gaming: Watchdogs have woken up to a developing scandal

 

There are disturbing signs that winners are being conned. But it's not just the winners the Competition & Markets Authority and the Gambling Commission need to be worried about

 

 

 

 

 

 

 

Tesco, Sainsbury's, Exxon: Business news in brief, Friday 21 October

 

Supermarket heavyweights fire first salvo in Christmas toy battle; US Oil boss squares up to Saudi Arabia

 

 

 

 

 

Michael Gove says Mark Carney should ‘curb his arrogance’

 

 

 

 

 

Sharp rise in public borrowing in September blamed on Brexit vote

 

 

 

 

 

 

British American Tobacco plans $47bn Reynolds merger

 

Deal will create world’s largest cigarette company

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Online gambling firms face investigation for cheating customers

 

The internet gambling industry has grown rapidly in Britain and more 5.5 million people regularly log on to sports betting, gaming and casinos using gambling websites

 

 

 

 

 

Bernie Sanders demands to know why leukemia drug costs $200,000 a year

 

 

 

 

 

House price growth in London hits two-year low after Brexit

 

 

 

 

 

 

Pound sterling slides back below $1.23 as EU leaders meet in Brussels

 

Economic data has played second fiddle to politics for sterling in recent weeks

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MPs are right. Sir Philip Green should surrender his knighthood

 

The motion they have passed to that effect is only symbolic but they have made a compelling case and the Forfeiture Committee should heed it

 

 

 

 

 

 

 

 

Barclays is retreating from the world. Britain should welcome that

 

A more focused bank with more modest ambitions will be easier to manage and pose less risk to its host economy

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Employee Wellness Programs Prompt AARP Lawsuit

 

By REED ABELSON 12 minutes ago

 

The Equal Employment Opportunity Commission’s rules allow employers to offer up to 30 percent off health insurance coverage for participants.

 

25db-Ameritrade-web-thumbStandard.jpg

TD Ameritrade to Buy Scottrade in $4 Billion Deal

 

By CHAD BRAY 11:14 AM ET

 

The acquisition would add scale to TD Ameritrade’s retail brokerage business and more than quadruple the size of its branch network, the company said.

 

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Now at GQ, Keith Olbermann Takes His Outrage Online

 

By RICHARD SANDOMIR

 

Mr. Olbermann, the itinerant sports and news broadcaster, is making a series of commentaries opposing Donald J. Trump.

 

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New York Times Company Buys The Wirecutter

 

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The company also bought The Sweethome, a sister site. Both are product recommendation websites that offer guides on tech gadgets and home products.

 

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Fantasy Sports Companies Near Settlement With New York State

 

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DraftKings and FanDuel are close to an agreement with New York’s attorney general over claims that they engaged in false advertising, according to two people familiar with the discussions.

 

 

The Upshot

 

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Despite progress with Obamacare, things are likely to get worse before they get better.

 

 

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China Oceanwide Dips Into American Insurance, Buying Genworth

 

By AMIE TSANG

 

The Chinese conglomerate agreed to buy Genworth Financial of Virginia for $2.7 billion as the Chinese shopping spree in the United States continues.

 

 

 

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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Time Warner, AT&T shares fall amid concerns over deal clearance

 

Wall Street signaled skepticism on Monday that AT&T Inc would secure the government approvals needed to carry out its planned $85.4 billion acquisition of Time Warner Inc, with shares of both companies falling as analysts scrutinized the deal.

3:24pm EDT

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Wall St. touches two-week high on deals, strong earnings

 

U.S. stocks touched their highest levels in two weeks as a flurry of deal activity and strong quarterly earnings boosted investor confidence.

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China's HNA to buy 25 percent stake in Hilton for $6.5 billion

 

Chinese aviation and shipping conglomerate HNA Group said on Monday it would buy about 25 percent of hotel operator and manager Hilton Worldwide Holdings Inc from biggest shareholder Blackstone Group LP for $6.5 billion.

10:35am EDT

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Oil down as Iraq says no cuts; Wall Street, Cushing draw limit loss

 

NEW YORK Oil prices fell on Monday after Iraq said it wanted to be exempt from an OPEC production cut, though prices drew some support from a rally in Wall Street shares and a draw in crude inventories at the U.S. storage hub of Cushing, Oklahoma.

12:18pm EDT

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Toyota again leads U.S. auto reliability survey, Buick surprises

 

DETROIT Two Toyota Motor Corp brands again led the annual reliability survey from Consumer Reports magazine, and General Motors Co's Buick was the first American brand in at least 35 years to crack the top three, the consumer magazine said on Monday.

2:50pm EDT

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TD Ameritrade faces scrutiny over Scottrade purchase

 

TD Ameritrade has agreed to buy Scottrade for $2.7 billion in a deal that would bring together two of the biggest U.S. discount brokerages, but is expected to face scrutiny from regulators.

3:16pm EDT

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Fed needs to get to inflation goal sooner: Evans

 

CHICAGO The Federal Reserve may need to keep interest rates lower for longer to convince investors and the public that the central bank is serious about reaching its 2-percent inflation target, Chicago Federal Reserve Bank President Charles Evans suggested on Monday.

1:38pm EDT

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White pushes bigger SEC role in regulating U.S. Treasuries

 

NEW YORK The Securities and Exchange Commission should play a bigger role in regulating the market for U.S. Treasuries, the head of the SEC said on Monday in what appeared to be a push for a bigger role for her agency in a market largely overseen by the Federal Reserve and Treasury Department.

1:02pm EDT

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EU, Canada still hope to sign trade deal after Belgian 'Non'

 

BRUSSELS Belgium declared on Monday that it could not formally back a free trade deal between the European Union and Canada because of an internal Belgian dispute, but the two sides still appeared to be holding out hopes of a summit to sign off on the deal.

2:49pm EDT

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Deadline extended for Google to respond to EU's AdSense complaint

 

BRUSSELS Alphabet unit Google has been given an extra week to formally respond to allegations by the European Commission that it was blocking rivals in online search advertising, a move likely to delay a regulatory decision on the case until next year.

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

Canada trade minister says free trade deal with EU not dead

 

OTTAWA Canada's potential free trade deal with the European Union is not dead, though the ball is now in Europe's court for completing the pact, Trade Minister Chrystia Freeland told reporters on Monday.

2:15pm EDT

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Rockwell sees big sales gains from $6.4 billion B/E Aero deal

 

NEW YORK Aircraft electronics supplier Rockwell Collins said on Monday its $6.4 billion acquisition of interiors maker B/E Aerospace Inc will boost sales and spur new products, helping offset sluggish demand for equipment in new business and commercial jets.

2:09pm EDT

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T-Mobile raises forecast; sees 'upside' from AT&T-Time Warner deal

 

T-Mobile US Inc raised its forecast for customer additions for the year and Chief Executive John Legere said AT&T Inc's proposed plan to buy Time Warner Inc could help T-Mobile to carve out more market share.

2:02pm EDT

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Italy's Monte dei Paschi set to approve business plan

 

MILAN Italy's Monte dei Paschi di Siena prepared to unveil a capital-boosting and business plan on Monday under new chief Marco Morelli, as its shares extended a week-long rally buoyed by the prospect of an alternative rescue scheme.

1:39pm EDT

Monte dei Paschi envisages 1,600 layoffs in new plan: union rep

 

MILAN Banca Monte dei Paschi's new business plan to 2019 envisages 1,600 layoffs, on top of another 1,400 previously announced by the Italian lender, a union representative said on Monday.

1:39pm EDT

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Fed needs to get to inflation goal sooner: Evans

 

CHICAGO The Federal Reserve may need to keep interest rates lower for longer to convince investors and the public that the central bank is serious about reaching its 2-percent inflation target, Chicago Federal Reserve Bank President Charles Evans suggested on Monday.

1:38pm EDT

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White pushes bigger SEC role in regulating U.S. Treasuries

 

NEW YORK The Securities and Exchange Commission should play a bigger role in regulating the market for U.S. Treasuries, the head of the SEC said on Monday in what appeared to be a push for a bigger role for her agency in a market largely overseen by the Federal Reserve and Treasury Department.

1:02pm EDT

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Wall St. touches two-week high on deals, strong earnings

 

U.S. stocks touched their highest levels in two weeks as a flurry of deal activity and strong quarterly earnings boosted investor confidence.

1:00pm EDT

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EU's Tusk says Thursday summit with Canada still possible

 

BRUSSELS European Council President Donald Tusk said on Monday that he and Canadian Prime Minister Justin Trudeau still believed they could hold a joint summit in Brussels on Thursday despite Belgium's incapacity to sign an EU-Canada free trade deal.

12:58pm EDT

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Wells Fargo says head of capital finance to retire

 

Wells Fargo & Co said on Monday that Henry Jordan, chairman and chief executive officer of Wells Fargo Capital Finance, would retire on Dec. 31.

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

Monte dei Paschi board approves business plan: board member

 

MILAN The board of ailing Italian lender Monte dei Paschi di Siena approved on Monday a turnaround plan meant to help the bank raise 5 billion euros from investors, a board member said.

12:46pm EDT

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Oil down as Iraq says no cuts; Wall Street, Cushing draw limit loss

 

NEW YORK Oil prices fell on Monday after Iraq said it wanted to be exempt from an OPEC production cut, though prices drew some support from a rally in Wall Street shares and a draw in crude inventories at the U.S. storage hub of Cushing, Oklahoma.

12:18pm EDT

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CFTC regulator says open to narrowing automatic trading rule

 

WASHINGTON Timothy Massad, the chair of the Commodities and Futures Trading Commission, on Monday said he was willing to narrow a proposal that would govern automated trading.

11:54am EDT

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Fannie Mae streamlines U.S. mortgage underwriting

 

NEW YORK Fannie Mae said on Monday it has launched a program to streamline its underwriting on mortgages for some borrowers that uses electronic data instead of physical proof of their income, assets and employment.

11:36am EDT

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U.S. banking group forms unit aimed at reducing cyber risk

 

The Financial Services Information Sharing and Analysis Center (FS-ISAC), an influential U.S. financial industry group, said on Monday it had formed a unit to enhance collaboration among its members and the U.S. government as a way to help reduce cyber security threats to the financial system.

11:35am EDT

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EU official urges VW to do more for European customers affected by Dieselgate

 

BRUSSELS European Union consumer champion Vera Jourova has sought to ramp up pressure on Volkswagen to compensate European owners of diesel vehicles rigged to cheat pollution controls and asked it for guarantees that its technical fix will work.

11:31am EDT

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Chevron sees big profits in California despite regulations

 

RICHMOND, Calif. The land of liberal politics, electric cars and strict pollution controls might seem like an odd place to drop $1 billion into a 115-year-old oil refinery.

11:16am EDT

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AT&T, Time Warner bonds widen on merger news

 

NEW YORK (IFR) - AT&T saw some of its shorter-term outstanding bonds widen sharply in secondary trade Monday after the telecoms giant announced a blockbuster US$85bn acquisition of Time Warner.

10:50am EDT

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Slowing sales at Burger King push parent's shares down

 

Restaurant Brands International Inc, owner of Burger King and Tim Hortons, reported a second straight quarter of decline in comparable sales at Burger King in the United States and Canada.

10:43am EDT

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China's HNA to buy 25 percent stake in Hilton for $6.5 billion

 

Chinese aviation and shipping conglomerate HNA Group said on Monday it would buy about 25 percent of hotel operator and manager Hilton Worldwide Holdings Inc from biggest shareholder Blackstone Group LP for $6.5 billion.

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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Citi denies involvement in illegal money transfer on behalf of MTN

 

ABUJA Citigroup has denied being involved in any illegal foreign currency transfer on behalf of MTN Group , according to a presentation the U.S. bank gave to the Nigerian parliament.

9:27am EDT

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Fed's Bullard says one rate increase is all that's needed for now

 

St. Louis Federal Reserve President James Bullard said on Monday that a single U.S. interest rate rise would be all that was necessary for the time being, repeating comments he had made recently.

9:07am EDT

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Regulators, wary of risks, want more trading data: Fed's Dudley

 

NEW YORK Regulators need a clearer view of the trading that takes place in the U.S. Treasury market, the world's deepest, in order to better understand looming risks and the sources of abrupt changes in prices, an influential financial supervisor said on Monday.

9:02am EDT

Arbitration scheme obstacle to EU-Canada trade deal

 

BRUSSELS The French-speaking region of Wallonia may be the final hold-out against a planned EU-Canada free trade deal, but its view that a system to protect foreign companies threatens democracy is shared by many protesters across Europe.

8:59am EDT

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Wallonia leader rejects EU-Canada trade deal ultimatum

 

BRUSSELS The premier of Belgium's Wallonia region insisted ahead of a crisis meeting of regional leaders with Prime Minister Charles Michel that he would not agree to an EU-Canada trade deal under pressure.

8:21am EDT

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Belgian talks on EU-Canada trade deal fail: Flemish leader

 

BRUSSELS Belgian Prime Minister Charles Michel failed to secure the agreement of regional authorities at a meeting on Monday which he needed to unblock an EU-Canada free trade deal, the premier of the Flanders region told reporters.

8:21am EDT

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Tax hike for China's high income group 'pure rumor', state media says

 

BEIJING China's state news agency Xinhua denounced various domestic media for reports saying the government planned to increase income tax for the country's "high income" population, citing multiple official sources in a weibo post on Monday.

7:15am EDT

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Embraer negotiating $495 million aircraft sale to Surf Air: paper

 

BRASILIA Brazil's Embraer , the world's third-largest commercial planemaker, is negotiating an order with Surf Air of California for up to 50 Phenom 300 executive jets worth $495 million, the Valor Economico newspaper reported on Monday.

6:54am EDT

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Star Entertainment CEO cancels Macau trip after Crown arrests in China

 

SYDNEY Australia's second-largest casino company, Star Entertainment Group Ltd , said its CEO canceled a trip to Hong Kong and Macau last week after employees of peer Crown Resorts Ltd were held in China for suspected "gambling crimes".

5:48am EDT

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In new China Inc M&A push, Oceanwide strikes $3.8 billion deal for ex-GE insurer Genworth

 

HONG KONG Little-known China Oceanwide Holdings Group Co pledged $3.8 billion in a deal to take control of U.S. insurer Genworth Financial Inc , the latest marker of Chinese firms accelerating a drive overseas while their domestic economy slows and the yuan weakens.

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

In new China Inc M&A push, Oceanwide strikes $3.8 billion deal for ex-GE insurer Genworth

 

HONG KONG Little-known China Oceanwide Holdings Group Co pledged $3.8 billion in a deal to take control of U.S. insurer Genworth Financial Inc , the latest marker of Chinese firms accelerating a drive overseas while their domestic economy slows and the yuan weakens.

5:06am EDT

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UK banks fear public, politicians set against them on Brexit

 

LONDON For decades, Britain's bankers have relied on their industry's outsized status in the economy to find a receptive ear in government.

4:37am EDT

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U.S. government, MetLife set for rematch over 'too big to fail'

 

WASHINGTON The U.S. government and the country's largest life insurer are set for a rematch in a U.S. appeals court on Monday over how federal regulators decide a company is "too big to fail," one of the most significant reforms to come out of the financial crisis.

1:34am EDT

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Boeing takes on peers, partners in bid for replacement parts business

 

PHOENIX In search of higher profits margins, Boeing Co is aiming to win more of the lucrative market for replacement parts and repair services, pitting the plane maker against major suppliers who view that growing $62 billion a year market as their turf.

1:31am EDT

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Major banks mark first-ever international trade using blockchain tech

 

SYDNEY The first cross-border transaction between banks using multiple blockchain applications has taken place, Commonwealth Bank of Australia and Wells Fargo & Co said on Monday, resulting in a shipment of cotton to China from the United States.

1:18am EDT

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AT&T-Time Warner deal sparks calls for scrutiny in Washington

 

WASHINGTON AT&T Inc's proposed $85 billion takeover of Time Warner Inc generated skepticism among both Democrats and Republicans on Sunday, making it more likely that regulators will closely scrutinize the effort to create a new telecommunications and media giant.

Oct 23 2016

AT&T acquisition of Time Warner may avoid FCC oversight

 

WASHINGTON AT&T Inc may bypass a powerful telecommunications regulator by offloading a Time Warner broadcast station, analysts say, as the telcommunications giant braces for what is expected to be a lengthy and tough antitrust review of its proposed $85.4 billion deal to buy Time Warner Inc .

Oct 23 2016

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Companies urged to use multiple vendors in wake of cyber attack

 

Companies can reduce the risk from the type of cyber attack that took out major websites on Friday by using multiple vendors for the critical internet service known as a domain name service, or DNS, companies and security experts said on Sunday.

Oct 23 2016

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Wells Fargo's corporate responsibility chair resigns from private equity firm

 

NEW YORK Federico Pena, a member of Wells Fargo’s board of directors and chairman of its corporate responsibility committee, has resigned from an advisory position with Vestar Capital Partners, a private equity firm.

Oct 23 2016

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U.S. options market not very 'Trumped up' ahead of vote

 

NEW YORK Prospects that the presidential election will inject a hefty dose of volatility into U.S. stock markets are fading fast as Republican Donald Trump's victory odds lengthen.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Link to post
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

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?

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

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

 

 

 

 

 

 

Hornby’s prices are chugging higher as Brexit obstructs the tracks

 

The toymaker is a unique company but its business model is not and it won’t be alone in having to hike prices as a result of the pound’s tumble

 

 

 

 

 

 

 

 

DoJ reportedly to delay European bank fines beyond 8 November

 

Shares in the sector fall on the prospect of more uncertainty for Deutsche Bank and others

 

 

 

 

 

 

Hard Brexit could damage business, UK’s biggest tech CEO warns

 

The Government has hinted it is headed for a so-called hard Brexit which means leaving the single market and an end to freedom of movement

 

 

 

 

 

 

 

 

Twitter to cut 300 jobs as losses mount

 

Company may get rid of about 8 per cent of workforce – about 300 people – with sales team particularly hard hit

 

 

 

 

 

 

Heathrow expansion: How the airlines reacted

 

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

 

 

 

 

 

Unilever, Tata, Eurozone: Business news in brief, Tuesday 25 October

 

 

 

 

 

Brexit: ITV to cut 120 jobs as uncertainty hits advertising market

 

 

 

 

 

 

Amazon.com stock gaining, Goldman ups price target

 

Amazon.com's stock price target was boosted to $1,050 at Goldman on Monday morning.

 

 

 

 

 

 

 

 

Manufacturing orders disappoint in October

 

The total order book balance was -17 in the month according to the CBI's latest survey, down from -5 in September

 

 

 

 

 

 

Microsoft to raise prices after post-Brexit pound slump

 

The value of sterling against the dollar has fallen by about 18 per cent since the UK voted to leave the EU in June

 

 

 

 

 

 

 

Frankfurt property in demand as banks prepare to quit London

 

No one's listening to the City lobbyists because they have too often cried wolf in the past. But property fund managers are on the hunt for deals on the continent in anticipation of an exodus from London, and that tells you all you need to know

 

 

 

 

 

AT&T plays The Joker as US politicians condemn Time Warner tie-up

 

 

 

 

 

Property investors to snap up EU offices ahead of looming bank exodus

 

 

 

 

 

 

Samsung Galaxy Note 7: Hundreds sue over exploding smartphone scandal

 

Consumers angry over South Korean company's handling of scandal and now demand compensation for the inconvenience

 

 

 

 

 

 

 

World's second largest tobacco company tells people to quit smoking

 

Philip Morris made 850 billion cigarettes last year - now it is planning for a smoke-free future

 

 

 

 

 

Climate change ‘could spark the world’s next financial crisis’

 

 

 

 

 

When is Black Friday 2016? The deals and stores to watch out for

 

 

 

 

 

 

Trump and Clinton camps raise concerns over AT&T-Time Warner merger

 

Politicians from both the Republican and Democratic parties expressed concerns over the deal

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leading banks 'planning to leave UK early next year' over Brexit fears

 

'Their hands are quivering over the relocate button' head of British Bankers' Association warns

 

 

 

 

 

10 things you shouldn't buy on Black Friday

 

 

 

 

 

Comcast (CMCSA) stock declines, increases BuzzFeed investment

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

Third runway at Heathrow approved

 

 

 

 

The government takes the "truly momentous" decision to approve a third runway at Heathrow.

 

  • 25 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?

 

 

 

 

 

 

Pound's fall pushes up model train prices

 

The pound's recent devaluation after June's Brexit vote has already led to some price rises, and model railways are one business feeling the effects.

 

  • 25 October 2016
  • From the section Business

 

 

Related content

 

 

 

 

 

 

 

Live Business Live: Heathrow runway reaction

 

Bringing you all the reactions as the Heathrow expansion is backed by ministers.

 

 

 

 

 

 

Phone boxes to give free calls and Wi-Fi

 

  • 25 October 2016
  • From the section London

 

 

Renewable energy capacity overtakes coal

 

  • 25 October 2016
  • From the section Business

 

 

Clydesdale 'bids for Williams & Glyn'

 

  • 25 October 2016
  • From the section Business

 

 

 

 

 

Is this the end for paper receipts?

 

  • 25 October 2016
  • From the section Business

 

 

John Lewis appoints first woman boss

 

  • 25 October 2016
  • From the section Business

 

 

Whitbread lifted by Costa and Premier

 

  • 25 October 2016
  • From the section Business

 

 

Smartwatch sales show sharp decline

 

 

 

EU-Canada free trade deal 'not dead'

 

  • 24 October 2016
  • From the section Europe

 

 

Monte dei Paschi suspended on loan plan

 

  • 25 October 2016
  • From the section Business

 

 

 

 

Also in the News

 

 

 

Secret filming reveals timeshare woes

 

  • 24 October 2016
  • From the section Scotland

 

 

 

 

US changes toddler screen time advice

 

 

 

 

 

Features & Analysis

 

 

 

Now what?

 

How to deal with uncertainty

 

  • 25 October 2016
  • From the section Business

 

 

 

 

 

Clicks and bricks

 

How building is going digital

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

The Pentagon’s ‘Terminator Conundrum’: Robots That Could Kill on Their Own

 

By MATTHEW ROSENBERG and JOHN MARKOFF

 

 

The United States has put artificial intelligence at the center of its defense strategy, with weapons that can identify targets and make decisions.

 

 

 

 

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A.I. Inspiration: The Science Fiction That Frames Discussion

 

By MATTHEW ROSENBERG and JOHN MARKOFF

 

A look at the movies and novels that inform discussions of real-life artificial intelligence and weapons.

 

 

 

 

State of the Art

 

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AT&T-Time Warner Deal Is a Shot in the Dark

 

By FARHAD MANJOO

 

AT&T’s $85 billion deal for Time Warner is a ploy to do something — anything — in the face of a rapidly changing media landscape.

 

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AT&T Cheerleading Squad for Merger: Nearly 100 Lobbyists

 

By CECILIA KANG and ERIC LIPTON 10:26 AM ET

 

As a multimillion-dollar donor to lawmakers, with a huge roster of lobbyists, the communications giant is ready to pursue its $85 billion bid for Time Warner.

 

 

 

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A Chilly Reaction to AT&T-Time Warner Deal

 

By BROOKS BARNES and EMILY STEEL

 

A look at where the AT&T deal leaves other prominent media companies and what some think they might attempt to do in response.

 

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Code Names and Covert Meetings in AT&T’s Courtship of Time Warner

 

By MICHAEL J. de la MERCED and EMILY STEEL

 

The secrecy surrounding the $85.4 billion merger was viewed as essential for a deal sure to raise concerns among lawmakers and consumer advocacy groups.

 

 

 

 

 

 

 

 

 

 

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Some Health Plan Costs to Increase by an Average of 25 Percent, U.S. Says

 

By ROBERT PEAR

 

Consumers in some states will also find significantly fewer insurance companies offering coverage under the Affordable Care Act.

 

 

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AARP Sues U.S. Over Rules for Wellness Programs

 

By REED ABELSON 12:38 PM ET

 

The Equal Employment Opportunity Commission’s rules allow employers to offer up to 30 percent off health insurance coverage for participants.

 

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As Europe and Asia Hoard Cash, Economists See Echoes of Crisis

 

By LANDON THOMAS Jr.

 

Foreign investors are rushing to plow cash into the United States bond market, recalling a wave of investment in mortgage-backed securities in the 2000s.

 

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Self-Driving Truck’s First Mission: A Beer Run

 

By MIKE ISAAC

 

Otto, the Uber-owned self-driving vehicle operation, delivered 2,000 cases of Budweiser 120 miles to Colorado Springs from Fort Collins, Colo.

 

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U.S. Judge Approves $14.7 Billion Deal in VW Diesel Scandal

 

By REUTERS 1:21 PM ET

 

A federal judge approved the record settlement with regulators and owners of 475,000 diesel vehicles, and the automaker said it would begin buying back the cars in November.

 

 

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

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

Anglo American leads FTSE higher, Whitbread slides

 

LONDON Britain's top share index climbed on Tuesday, boosted by basic resources stocks, with Anglo American leading the market higher after a production update, though a slew of broker downgrades weighed on UK midcap stocks.

5:27pm 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.

7:03pm BST

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May defies critics to back new $22 billion Heathrow runway

 

LONDON Britain backed a $22 billion (18 billion pounds) expansion of London's Heathrow Airport on Tuesday, ending 25 years of indecision with an ambitious plan to boost global trade links following the vote to leave the European Union.

6:54pm BST

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Bank of England to hold rates next month; staying in EU best for UK trade - economists

 

LONDON The Bank of England is not now expected to ease policy until early 2017, according to economists in a Reuters poll who almost unanimously said staying in the European Union would be the best for the UK's long-term trading prospects.

1:17pm BST

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ECB aware ultra-low rates have rising cost - Draghi

 

BERLIN The European Central Bank is aware of the growing costs to the financial sector of its ultra-loose monetary policy and would rather not have to keep negative interest rates for too long, ECB President Mario Draghi said on Tuesday.

6:25pm BST

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Sumner Redstone forced to borrow $100 million from National Amusements - lawsuit

 

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.

8:08pm BST

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Failure of EU trade deal would leave Canada in tough position

 

OTTAWA The looming failure of free trade talks with the European Union would derail Canada's push to reduce its dependence on the United States and potentially complicate negotiations with other nations, such as India and China.

8:12pm BST

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Italy's Renzi bullish on growth ahead of referendum

 

ROME Prime Minister Matteo Renzi said on Tuesday he was optimistic Italy's economy would grow by 1 percent this year, just a few weeks after he cut the official forecast to 0.8 percent.

7:45pm BST

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Hammond says wants to put financial services at heart of Brexit talks

 

LONDON British finance minister Philip Hammond reiterated on Tuesday that he wanted to prioritise the country's financial services sector in talks about the country's new relationship with the European Union.

1:01pm BST

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Hugo Boss CEO says wants to abandon luxury segment - Handelsblatt

 

FRANKFURT German fashion house Hugo Boss is planning to abandon the luxury market and go back to is roots of selling premium men's clothing, its chief executive told Handelsblatt.

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

Sales surge at Kering's Gucci, slip at sister brand

 

PARIS Italian fashion brand Gucci confirmed its turnaround with a 17 percent rise in third-quarter comparable sales, helping make up for a 10.9 percent sales drop at sister brand Bottega Veneta, parent Kering said on Tuesday.

7:22pm 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.

7:03pm BST

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May defies critics to back new $22 billion Heathrow runway

 

LONDON Britain backed a $22 billion (18 billion pounds) expansion of London's Heathrow Airport on Tuesday, ending 25 years of indecision with an ambitious plan to boost global trade links following the vote to leave the European Union.

6:54pm 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.

6:27pm BST

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ECB aware ultra-low rates have rising cost - Draghi

 

BERLIN The European Central Bank is aware of the growing costs to the financial sector of its ultra-loose monetary policy and would rather not have to keep negative interest rates for too long, ECB President Mario Draghi said on Tuesday.

6:25pm BST

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Oil down; U.S. crude below $50 ahead of inventory data

 

NEW YORK Oil prices fell more than 1 percent on Tuesday, with U.S. crude breaking below $50 per barrel for a second straight day ahead of weekly data that could show a build in domestic inventories.

6:23pm BST

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T-Mobile seen as top target following AT&T-Time Warner deal

 

NEW YORK T-Mobile US Inc is the likeliest acquisition target as media companies seek a wireless partner following AT&T Inc's proposed $85.4 billion (£69.83 billion) takeover of Time Warner Inc , analysts said.

6:22pm BST

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UK whisky lobby head steps down to help foreign minister with Brexit

 

EDINBURGH The head of a group representing Scotland's whisky industry will become a close aide to British Foreign Minister Boris Johnson, part of a drive to strengthen Britain's diplomatic and trading clout as it leaves the European Union.

6:20pm BST

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U.S. judge approves $14.7 billion deal in VW diesel scandal

 

WASHINGTON A U.S. federal judge on Tuesday approved Volkswagen AG's record $14.7 billion (£12.02 billion) settlement with regulators and owners of 475,000 polluting diesel vehicles, and the German automaker said it would begin buying back the cars in mid-November.

6:19pm BST

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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.

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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Iraq says prepared to cooperate with OPEC on 'correct basis'

 

BAGHDAD Iraq told a top OPEC official on Tuesday it was ready to cooperate in reaching a deal on supply cuts to support oil prices as long as it kept its output at near current levels.

6:11pm BST

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Schaeuble says monetary policy has reached its limits

 

BERLIN There is a growing international consensus that monetary policy has reached the limits of its possibilities, German Finance Wolfgang Schaeuble told a group of government officials in Berlin on Tuesday.

6:11pm BST

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Schaeuble - financial transaction tax possible for 10 euro zone nations this year

 

It is possible that 10 euro zone countries could reach a basic agreement on a financial transaction tax by the end of the year, German Finance Minister Wolfgang Schaeuble told a group of government officials on Tuesday.

6:10pm 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.

6:10pm BST

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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.

6:10pm 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.

6:10pm BST

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Draghi says euro remains vulnerable without banking union

 

BERLIN Record-low interest rates in the euro area are not the new normal, European Central Bank President Mario Draghi said on Tuesday, adding that the single currency area will remain vulnerable without a full monetary and banking union.

6:04pm BST

MP from May's party resigns after Heathrow decision

 

LONDON Conservative lawmaker Zac Goldsmith, a vocal opponent of the expansion of Heathrow Airport, on Tuesday notified the government of his decision to resign from parliament, the finance ministry said in a statement.

5:59pm BST

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ECB's Draghi says we have no sign of financial stability risk

 

BERLIN The European Central Bank is aware that low interest rates and plenty of liquidity can be a recipe for financial stability risks but sees no such risks at the moment, ECB President Mario Draghi said on Tuesday.

5:36pm BST

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British Airways welcomes plans to cap charges at expanded Heathrow

 

LONDON The chief of British Airways-owner IAG welcomed Britain's commitment to cap airline charges in its plans to build a new runway at Heathrow.

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

U.S. stocks slip on earnings; U.S. dollar index at seven-month high

 

NEW YORK U.S. stocks slipped on disappointing earnings reports on Tuesday, while U.K shares rose helped by mining firms, and crude oil prices fell as the U.S. dollar hit a seven month high.

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New Zealand tops World Bank survey as easiest place to do business

 

WASHINGTON New Zealand edged out Singapore as the easiest country for doing business in the World Bank's latest rankings, while several emerging market countries improved the most by pursuing business-friendly reforms.

5:17pm BST

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ChemChina ready for concessions to clinch delayed Syngenta deal in 2017 - source

 

BEIJING/ZURICH State-owned Chinese chemicals group ChemChina is ready to offer more concessions to win European Union antitrust approval for its $43 billion (£35.16 billion) bid for Swiss pesticide and seed group Syngenta , a source with direct knowledge of the process said.

5:12pm BST

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Italian bank Monte Paschi gambles on turnaround by year-end

 

MILAN Italian lender Monte dei Paschi di Siena plans to lay off a tenth of its staff, shut branches and sell assets to win investor backing for a 5 billion euros (£4.45 billion) cash call that could shape the fortunes of the wider banking sector.

5:08pm BST

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Monte dei Paschi to offer debt conversion to all bondholders

 

MILAN Italy's Monte dei Paschi di Siena plans to offer a voluntary debt-to-equity swap to all holders of its 5 billion euros (£4.45 billion) in subordinated bonds, including retail investors, the bank's top executives said on Tuesday.

5:08pm BST

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UK regulator seeks to spur North Sea oil firms into working harder

 

ABERDEEN, Scotland The head of Britain's new oil regulator, Andy Samuel, told oil industry executives on Tuesday he would not hold back using new powers to fine companies or even revoke their licences if he thinks they are too slow in squeezing more oil out of North Sea fields.

5:04pm BST

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Renault sales up 13 percent on new models, European recovery

 

PARIS Renault recorded a 13 percent increase in third-quarter revenue, the French carmaker said on Tuesday, as a recovering European market lifted sales of its new Megane and Kadjar models.

4:58pm BST

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Clydesdale makes offer for RBS's Williams & Glyn unit - source

 

LONDON Clydesdale Bank Plc has made an offer to take over Royal Bank of Scotland's Williams & Glyn business, a person with knowledge of the talks said on Tuesday, after Spain's Banco Santander SA called off discussions with the British lender last month.The move by Glasgow-based Clydesdale could end a costly seven-year process by RBS to offload Williams & Glyn, after it was ordered to by the European Union to sell it as a condition of its taxpayer-funded

4:43pm BST

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ECB's easy collateral policy may ricochet on Dutch taxpayer - paper

 

FRANKFURT The European Central Bank's easy stance on bank collateral, part of its response to the euro zone's financial crisis, might leave the Dutch government footing the bill for a pile of unpaid mortgages, an academic paper has found.

4:40pm BST

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Sterling fall has been substantial, BoE to consider it - Carney

 

LONDON Bank of England Governor Mark Carney said on Tuesday the fall in the value of sterling had been "fairly substantial" and the central bank's interest-rate setters would take it into account.

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

Factbox - Reaction to UK decision to allow third runway at Heathrow

 

LONDON The British government gave Heathrow Airport the green light on Tuesday to build a third runway.

4:28pm BST

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Next IMF aid tranche demands tough, Ukraine official warns

 

LONDON Ukraine could struggle to meet the International Monetary Fund's demands for its next aid tranche on time, one of the country's finance officials said, and voiced reservations about the appetite for its first major privatisation.

4:23pm BST

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Carney says politics not a factor in Bank of England term decision

 

LONDON Bank of England Governor Mark Carney said on Tuesday that he would not be swayed by political issues when he decides whether to extend his stay at the British central bank beyond his scheduled departure in 2018.

4:16pm BST

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Ireland joins queue to prise industry watchdogs from London after Brexit

 

DUBLIN Ireland put itself forward on Tuesday as the latest candidate to lure the European Medicines Agency (EMA) and the European Banking Authority (EBA) should they uproot from London after Britain's vote to leave the European Union.

4:12pm BST

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Goldman, closer to Murdoch than Bugs Bunny, misses year's biggest deal

 

It has been six years since Goldman Sachs Group Inc , a perennial No. 1 in the M&A league tables, did not feature as an adviser on the year's biggest deal. But sticking with Rupert Murdoch over Bugs Bunny just cost it this year's biggest deal.

4:07pm BST

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German business climate hits two-and-a-half year high in October

 

BERLIN German business morale improved unexpectedly in October, hitting its highest level in 2-1/2 years, suggesting company executives have become more optimistic about growth prospects for Europe's largest economy.

4:03pm BST

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UK fraud head expects corporate plea deals, considers Libor charges

 

LONDON The UK Serious Fraud Office (SFO) expects to agree some "significant" corporate plea deals over the coming months and is also considering filing more charges in the Libor benchmark rate rigging investigation, its head said on Tuesday.

3:57pm BST

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EU proposes common tax rules to close avoidance loopholes

 

LONDON Multinational companies would have to calculate their tax liabilities according to one set of rules across the European Union under proposals on Tuesday aimed at stopping them shifting profits to avoid taxes.

3:53pm BST

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Tata shake-up may distract group from restructuring efforts

 

NEW DELHI/MUMBAI The surprise removal of Tata Sons' chairman Cyrus Mistry and his advisory team, and the temporary return of family patriarch Ratan Tata, may distract the salt-to-software conglomerate from its efforts to trim debt and reshape some of its businesses.

3:51pm BST

Intu to sell stake in London mall at slim post-Brexit premium

 

Intu Properties has agreed to sell its stake in a London mall for a slightly higher price than its value before Britain's vote to leave the European Union, and it said long-term lease demand by international retailers remained strong.

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

Permira acquires German fashion retailer Schustermann & Borenstein

 

FRANKFURT European private equity group Permira [PERM.UL] has acquired German fashion retailer and exporter Schustermann & Borenstein, the companies said on Tuesday without disclosing financial details.

3:39pm BST

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Wallonia premier says region not opposed to EU-Canada free trade deal

 

PARIS Wallonia premier Paul Magnette said the Belgian region was not opposed to a planned EU-Canada free trade deal in itself but that an arbitration scheme needed to be dropped and public services protected.

3:29pm BST

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Windfall at Tata's Port Talbot unlikely to change long-term outlook

 

PORT TALBOT, Wales - Port Talbot's loss-making steelworks is enjoying a windfall from a weaker pound, higher steel prices and stringent cost-cutting, but the benefit could be short-lived and not enough to persuade its Indian owners Tata Steel they want to keep it.

2:56pm BST

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John Lewis picks insider Paula Nickolds to head department stores

 

LONDON British retailer John Lewis [JLP.UL] on Tuesday picked insider Paula Nickolds as the new managing director of its department stores.

2:48pm BST

Gadgets in decline as R&D shifts to software and services - study

 

FRANKFURT Research and development spending by the world's biggest companies is accelerating into software and services while investment in physical products is falling sharply, an annual study by consulting firm PwC's Strategy& unit has found.

2:46pm BST

British government not planning change of heart on airport expansion - minister

 

LONDON British transport minister Chris Grayling said on Tuesday that the public consultation process on expanding Heathrow Airport was not likely to change its position in favour of a new runway at the west London site.

2:31pm BST

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Deutsche Bank could integrate Postbank in strategic u-turn - sources

 

FRANKFURT Deutsche Bank is considering a u-turn in its retail banking strategy and may opt for a full integration of its Postbank operations instead of a sale, three people close to the bank said.

2:27pm BST

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India's Cyrus Mistry denies filing 'caveats'

 

MUMBAI Former chairman of Tata Sons [TATAS.UL] Cyrus Mistry has denied filing any "caveats" against his former company.

2:18pm BST

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Heathrow expansion 'not right thing to do' - Boris Johnson

 

LONDON Building a third runway at Heathrow Airport is not the right thing to do and risks fuelling a clamour for a fourth runway to be built in future, Foreign Secretary Boris Johnson said on Tuesday after the government approved the expansion.

2:11pm BST

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Deal or no deal in Vienna, oil investors are preparing for higher prices

 

LONDON The chance of an agreement to freeze or cut crude output when OPEC members meet next month might appear more distant now Iraq has joined those asking for an exemption, but investors are ramping up their bets that oil prices will rally.

Boris Johnson says Heathrow third runway 'undeliverable'

 

LONDON Britain's Foreign Secretary Boris Johnson said on Tuesday a third runway at Heathrow Airport was "undeliverable", the Press Association news agency reported on Twitter.

1:53pm BST

Broadcaster CME sees core profit rising 18-20 percent in 2016

 

PRAGUE Broadcaster Central European Media Enterprises (CME) forecast on Tuesday its core profit will grow by 18-20 percent at constant exchange rates for the whole of 2016, the higher end of its previous guidance range.

1:50pm BST

UK transport minister promises timely consultation on Heathrow expansion

 

LONDON Britain will conduct the required public consultation on expanding Heathrow Airport in a "timely" fashion, transport minister Chris Grayling said on Tuesday after a government decision to build a new runway at the west London site.

1:47pm BST

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EU to investigate Czech telecoms operators' network-sharing deal

 

BRUSSELS The European Commission said on Tuesday it is to investigate whether a mobile telecoms network-sharing deal between O2 CZ/CETIN and T-Mobile CZ restricts competition in the Czech Republic.

1:46pm BST

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ECB calls for light touch on high frequency trading

 

FRANKFURT The European Central Bank called for a gradual approach to regulating ultra-fast trading on Tuesday, fearing stringent rules on the practice might jeopardise financial markets.

1:44pm BST

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Gatwick airport remains key to UK transport strategy - minister

 

LONDON London's Gatwick Airport remains a key part of Britain's transport strategy despite the government on Tuesday backing an expansion at rival Heathrow, transport minister Chris Grayling said.

1:31pm BST

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Monte Paschi sub debt rallies on liability management proposal

 

LONDON (IFR) - Banca Monte dei Paschi di Siena is lining up a voluntary tender for some of its subordinated debt as part of its new business plan unveiled on Tuesday morning, spurring a strong rally in certain securities.

1:27pm BST

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For British bank start-up, Brexit has silver lining - more loans

 

LONDON Rishi Khosla didn't vote for Brexit, but he says it has proven a boon for his new start-up bank.

1:25pm BST

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Bank of England to hold rates next month; staying in EU best for UK trade - economists

 

LONDON The Bank of England is not now expected to ease policy until early 2017, according to economists in a Reuters poll who almost unanimously said staying in the European Union would be the best for the UK's long-term trading prospects.

1:17pm BST

Hammond says wants to put financial services at heart of Brexit talks

 

LONDON British finance minister Philip Hammond reiterated on Tuesday that he wanted to prioritise the country's financial services sector in talks about the country's new relationship with the European Union.

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

Australia's richest woman invests $300 million in UK fertiliser firm

 

SYDNEY Hancock Prospecting (Pty) Ltd, controlled by Australian billionaire iron ore magnate Gina Rinehart, on Tuesday said it was investing $300 million (245.30 million pounds) in British fertiliser business Sirius Minerals Plc as it moves deeper into agriculture.

12:56pm BST

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Shares in Monte dei Paschi suspended from trading after 23 percent drop

 

MILAN Shares in Banca Monte dei Paschi di Siena turned negative with the sector and were suspended from trading after a 23 percent drop.

12:52pm BST

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Hammond says politics, not just economics, to steer Brexit talks

 

LONDON British finance minister Philip Hammond said European leaders were unlikely to think only about the economic implications of Britain's decision to leave the European Union, saying the political impact would also probably have an impact.

12:40pm BST

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UK government committee unanimously approved Heathrow expansion - PM May's spokeswoman

 

LONDON A government committee of senior ministers unanimously decided on Tuesday to allow Heathrow airport to build a third runway, Prime Minister Theresa May's spokeswoman said.

12:39pm BST

ConvaTec's London listing expected to price at bottom of range - sources

 

LONDON The London flotation of British medical products and technology company ConvaTec is expected to price at 225 pence a share, the bottom of an earlier price range, two sources said, amid shallow investor support for new stock market listings.

12:31pm BST

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Mayor of London says Heathrow expansion is wrong

 

LONDON Mayor of London Sadiq Khan said a government decision taken on Tuesday to build a new runway at Heathrow Airport was wrong for the capital, vowing to continue his opposition to the project.

12:19pm BST

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Heathrow decision shows UK can be successful after Brexit - May

 

LONDON The British government's decision to approve a new runway at Heathrow Airport shows Britain can be an open, global, successful country after it leaves the European Union, Prime Minister Theresa May said on Tuesday.

12:14pm BST

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Heathrow expansion best option for post-Brexit Britain - minister

 

LONDON The British government's decision to allow Heathrow Airport to expand is the clearest sign that Britain is open for business following its vote to leave the European Union, Transport Secretary Chris Grayling told reporters on Tuesday.

11:51am BST

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BOJ official says new policy is not firm target for yields - Nikkei

 

TOKYO The Bank of Japan's new policy of targeting interest rates and the slope of the yield curve is not an attempt to peg yields at a fixed rate, the head of the central bank's financial markets division said on Tuesday in an interview with Nikkei news.

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

Nissan-Renault says open to partnerships to develop new car technologies

 

YOKOHAMA Nissan Motor Co Ltd and Renault SA are open to partnerships with other companies to equip their vehicles with sophisticated technology as automakers race to develop the cars of the future, the pair's connected vehicles chief said.

11:22am BST

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British Steel pension shortfall shrinks to around $60 million

 

LONDON The British Steel Pension Scheme's deficit has shrunk to around 50 million pounds ($61 million) from around 700 million pounds earlier this year, it said on Monday, adding it had been well-position to take advantage of currency movements.

11:13am BST

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British public's inflation fears show record jump - YouGov/Citi

 

LONDON The British public's expectation for inflation in a year's time recorded its sharpest jump in more than a decade this month, driven by fears of higher import prices, a closely watched survey by polling company YouGov said on Monday.

11:12am BST

Britain's advisory group eyes more power for retail investors

 

LONDON Investor advisory firm ShareSoc on Tuesday called for greater power to be given to individual shareholders as part of a government plan to overhaul Britain's corporate governance regime.

11:10am BST

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Euro zone releases 2.8 billion euro loan tranche to Greece

 

BRUSSELS The euro zone bailout fund ESM released on Tuesday a 2.8 billion euro (2.49 billion pounds) loan tranche to Greece, following a commitment made by euro zone finance ministers earlier this month which was conditional on an assessment of the clearance of net arrears by Greece.

11:04am BST

Wealth manager St James's Place sees asset boost after Brexit vote

 

LONDON Wealth manager St James's Place has reported a near 9 percent rise in the value of its assets, buoyed by financial market gains and strong demand for its personal investment advice in the wake of Britain's vote to exit the European Union.

10:49am BST

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Anglo American rallies again, output guidance broadly unchanged

 

LONDON/BENGALURU Anglo American on Tuesday left output guidance broadly unchanged for most of its commodities, adding market conditions had improved for its diamond business, while it trimmed full-year production expectations for coking coal exports.

10:48am BST

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Syngenta sees EU review of ChemChina deal going to phase 2

 

ZURICH Syngenta expects the European Commission to take its regulatory review of ChemChina's $43 billion (35 billion pound) takeover of the Swiss pesticides maker to a second phase, Chief Executive Erik Fyrwald told Reuters on Tuesday.

10:31am BST

Broadcaster CME's core profit more than doubles in third quarter

 

PRAGUE Core profit at Central European Media Enterprises (CME) more than doubled to $18.0 million (15 million pounds) in the third quarter, lifted by rising television advertising spending in its key markets, the company said on Tuesday.

10:21am BST

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Samsung's halt of Galaxy Note 7 hurt third-quarter GDP - finance ministry official

 

SEOUL Samsung Electronics Co Ltd's decision to scrap its Galaxy Note 7 smartphone likely erased 0.1 to 0.2 percentage points from third-quarter GDP growth in quarterly terms, a finance ministry official told Reuters on Tuesday.

IEA raises five-year renewables forecast after record 2015 growth

 

PARIS The International Energy Agency (IEA) raised its forecast for renewable energy growth over the next five years, saying on Tuesday it expects the share of renewables in the world to rise to 28 percent by 2021 from 23 percent generated in 2015.

9:59am BST

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Report calls UK financial watchdogs cowed and secretive

 

LONDON Two British watchdogs set up to apply lessons from the financial crisis will sleepwalk into the next banking meltdown if they don't make big changes, a report said on Tuesday.

9:43am BST

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Japan government raises view on output in gradual economic recovery

 

TOKYO Japan's government raised its assessment on industrial output for the first time in nine months as it gave a less cautious view on business sentiment, although the broad tenet of Tokyo's view highlighted a still-fragile economic recovery.

9:41am BST

German company executives have absorbed Brexit shock - Ifo economist

 

BERLIN German company executives have digested Britain's vote to leave the European Union and positive signals from China and the United States are pleasing exporters in Europe's largest economy, Ifo economist Klaus Wohlrabe told Reuters on Tuesday.

9:33am BST

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Global oil demand to rise 1.2 million bpd in 2017, steady from 2016 - IEA's Birol

 

SINGAPORE Global oil demand will rise by 1.2 million barrels per day (bpd) in 2017, steady versus oil demand growth this year of 1.2 million bpd, despite gains in Chinese consumption, the chief of the International Energy Agency (IEA) said on Tuesday.

9:28am BST

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UK opens books on sale via syndication of 2065 government bond

 

LONDON Books opened on Tuesday for the sale via syndication of several billion pounds of a British government bond due to mature in 2065, one of the bookrunners on the deal said.

9:27am BST

Bahrain's Investcorp says to buy 3i's debt-management business

 

DUBAI Bahrain-based private equity investor Investcorp has agreed to acquire the debt-management business of Britain's 3i for 222 million pounds, it said on Tuesday.

9:19am BST

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Whitbread's Costa Coffee sales growth slows; shares fall

 

Britain's Whitbread Plc said sales growth slowed and margins declined at its Costa Coffee chain, overshadowing a better-than-expected first-half profit and sending the hotel operator's shares lower in morning trading.

9:15am BST

Britain's Carpetright says weaker pound squeezing margin

 

LONDON Carpetright said the fall in the pound had increased the costs of the carpets and floor coverings it imports into its British stores, resulting in a squeeze in its gross profit margin in the country by up to 2 percent for the year.

9:01am BST

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EU's Schulz - Don't expect signing of EU-Canada trade deal this week

 

BERLIN European Parliament President Martin Schulz told German radio on Tuesday that he did not expect a free trade deal between the European Union and Canada to be signed this week.

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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Britain's Carpetright says weaker pound squeezing margin

 

LONDON Carpetright said the fall in the pound had increased the costs of the carpets and floor coverings it imports into its British stores, resulting in a squeeze in its gross profit margin in the country by up to 2 percent for the year.

9:01am BST

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EU's Schulz - Don't expect signing of EU-Canada trade deal this week

 

BERLIN European Parliament President Martin Schulz told German radio on Tuesday that he did not expect a free trade deal between the European Union and Canada to be signed this week.

8:53am BST

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Syngenta says ChemChina deal to stretch into 2017

 

ZURICH Syngenta , the world's largest pesticides maker, on Tuesday moved to reassure investors that the planned $43 billion (35 billion pound) takeover by ChemChina will go ahead even though it will miss the original forecast for the deal to close this year.

8:51am BST

Tata Power CEO says to buy stranded power assets in India

 

SINGAPORE India's Tata Power Company Ltd plans to expand capacity by acquiring some of the country's numerous underutilised plants instead of investing in expensive new facilities, the utility's chief executive said.

8:43am BST

Brexit likely to knock 0.25 percent points off German growth in 2017 - study

 

BERLIN The impact of Britain's vote to leave the European Union will shave around 0.25 percentage points off growth in Germany, Europe's largest economy, in the coming year, a study quoted in a regional German newspaper suggested on Tuesday.

7:28am BST

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Japan's new recipe for exports - feed the world's foodies

 

TOKYO Japan's export engine built around cars and electronics has stalled, but the future could be using the country's gourmet culture to cast itself as a purveyor of high-quality food.

6:56am BST

Sweden on track to meet 100-percent renewables target by 2040 - regulator

 

SINGAPORE Sweden is on track to produce all its energy from renewable sources by 2040, a top regulatory official from the country said late on Monday.

5:53am BST

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Patriarch steps in at India's Tata Sons after board ousts chairman

 

MUMBAI/DELHI Ratan Tata, patriarch of one of India's most influential families, will take over as interim chairman of Tata Sons after the salt-to-software conglomerate's board ousted Cyrus Mistry, who had sought to shake up the firm's management.

5:20am BST

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Shares in India's Tata Group companies fall after Mistry ouster

 

MUMBAI Shares in India's Tata Group companies dropped on Tuesday morning after the group said Ratan Tata will take over as interim chairman of Tata Sons after the board ousted Cyrus Mistry late on Monday.

5:19am BST

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Netflix CEO gives conditional approval of AT&T-Time Warner deal

 

Netflix Chief Executive Reed Hastings said he was in favour of AT&T Inc's planned $85.4 billion (69.86 billion pounds) acquisition of Time Warner Inc, provided that his popular media streaming company continued to be treated fairly.

China's urban unemployment rate was 4.04 percent at end-September - labour ministry

 

BEIJING China's urban registered unemployment rate was 4.04 percent at the end of September, Ministry Of Human Resources and Social Security said in a briefing on Tuesday.

3:49am BST

China employment stable overall, but under pressure as economy slows

 

BEIJING China's employment is stable overall, but is still under pressure as the economy slows, the country's labour ministry said at a press conference on Tuesday.

3:48am BST

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Twitter plans to cut about 300 more jobs - Bloomberg

 

Twitter Inc may cut 8 percent of its workforce or about 300 people, Bloomberg reported on Monday, citing people it said were familiar with the matter.

2:19am BST

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CK Hutchison says Italy approves VimpelCom JV

 

HONG KONG CK Hutchison Holdings Ltd said on Tuesday Italian authorities had approved its formation of a joint venture with VimpelCom Ltd to own and operate mobile telecommunications businesses in Italy.

1:54am BST

More coal plants will deepen - not cut - poverty, researchers warn

 

LONDON (Thomson Reuters Foundation) - Building just a third of planned new coal-fired power plants around the world would push hundreds of millions of people into poverty as it accelerates climate change past an agreed limit of 2 degrees Celsius of warming, development experts warn.

12:52am BST

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Oil dips on Buzzard restart, Iraq; U.S. crude tests below $50

 

NEW YORK Oil prices dipped on Monday, with U.S. crude briefly falling below $50 per barrel, on news of the impending restart of Britain's Buzzard oilfield and Iraq's wish to be exempted from OPEC production cuts.

24 Oct 2016

Visa profit, revenue beat analysts' estimates

 

Visa Inc, the world's largest payments network operator, reported better-than-expected quarterly profit and revenue, boosted by the inclusion of Visa Europe's results and as customers spent more using its network.

24 Oct 2016

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AT&T, Time Warner shares dip with worries about deal clearance

 

Wall Street signalled scepticism on Monday that AT&T Inc would secure the government approvals needed to carry out its planned $85.4 billion (69.87 billion pounds) acquisition of Time Warner Inc, with shares of both companies falling as analysts scrutinized the deal.

24 Oct 2016

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U.S. may delay fines on major banks for mortgage mis-selling - Sky News

 

Representatives of the U.S. Department of Justice have signalled recently that penalty imposition on Barclays Plc, Credit Suisse Group AG and Deutsche Bank AG may not conclude until closer to the arrival of the new U.S. administration in January, Sky News reported.

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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