The great interest rate rip off part 10

[interestrateripoff]

Business leaders fear Brexit is in danger of ‘spinning out of control’

 

Exclusive: Martin Sorrell among UK business leaders to issue urgent alarm call about the devastating cost of new EU uncertainty

 

 

 

 

 

BA to shrink seat space to squeeze more passengers on to flights

 

 

 

 

• Britain’s curry houses voted for Brexit and now regretting it
   
  
  
• Donald Trump's late surge in polls hits European shares as fear mounts
   
  
  
• Pound has its best week since 2009
   
  
  

 

 

 

 

 

 

Plans to float stake in Sunderland firm dropped after Brexit

 

The decision adds to a list of European deals put on hold in the wake of the Brexit vote

 

 

 

 

 

 

Marks & Spencer is ‘set to close dozens of stores’

 

 

 

 

 

 

BHS pension deal ‘could be sorted by Christmas’

 

 

 

 

 

 

Big oil pledge to tackle climate change dismissed as ‘drop in ocean’

 

Ten fossil fuel firms announce they will each spend an extra $10m (£8m) a year over next decade on new technologies designed to cut emissions in move analyst says shows ‘no real deviation’ from their current business model

 

 

 

 

 

 

 

 

Betfair Paddy Power sets pace in Bookmakers Shakeout Derby

 

While the latest update isn’t quite as good as it looks, boss Breon Corcoran still has his horse in Group One race winning form. His rivals are going to find it tough to match the pace he’s setting

 

 

 

 

 

 

UK car industry risks ‘death by a thousand cuts’

 

British car exporters could face tariffs of up to 10 per cent if Britain failed to conclude a free trade deal with the rest of the EU

 

 

 

 

 

 

 

 

Shell says oil demand could peak in five years

 

Controversial view puts it at odds with some of its biggest competitors who say crude will be pumped out of the ground in increasing quanitities for decades

 

 

 

 

 

 

When can I see the John Lewis Christmas advert?

 

The countdown for the must-see advert of the Christmas season has begun

 

 

 

 

 

Mark Zuckerberg’s fortune falls by $2.5bn over just two words

 

 

 

 

 

Jaguar, Tate & Lyle, HSBC: Business news in brief, 4 November 2016

 

 

 

 

 

 

Fitbit's guidance is clear proof wearables remain a niche market

 

The fitness tracker leader's poor sales outlook reveals the pitfalls of betting that a hot new consumer electronics product will take off the way that smartphones did.

 

 

 

 

 

 

 

 

Starbucks traffic falls in US, sales slip in Europe, miss China forcas

 

Starbucks U.S. saw fewer visitors to its stores in the quarter.

 

 

 

 

 

 

Millenials do not hate groceries: an open rebuttal

 

They hate articles citing our generation as the fall of mankind.

 

 

 

 

 

 

 

FCA to investigate 'excessive' bank overdraft fees

 

Charges can be £100 per month - more than many credit cards and pay-day loans

 

 

 

 

 

What Brexit legal challenge victory means for the economy

 

 

 

 

 

Mark Carney says High court Brexit ruling adds to uncertainty

 

 

 

 

 

 

UK services sector hit by fastest ever inflation rise

 

Trouble may be in store as the price of inputs such as fuel, salaries and food jumps at quickest rate since the PMI survey began 20 years ago

[interestrateripoff]

• Wall St. Ends Lower, Extending a Losing Streak
  

 

Last Economic Snapshot Before the Election Shows Healthy Job Growth

 

By PATRICIA COHEN

 

While the presidential campaign has recently been preoccupied with issues beyond the economy, the report refocuses attention on jobs: the economy added 161,000 last month.

 

• Ground Rules: How the Jobs Report Is Kept Politics-Free
  

 

The Upshot

 

These Jobs Numbers Show an Economy That Is Basically Healthy

 

By NEIL IRWIN

 

Economic conditions have been less of a focus in this election season than in other recent ones, and the latest jobs report confirms why.

 

• 68 Comments
  

 

The Upshot

 

See Obamacare Rates for Every County in the Country

 

By MARGOT SANGER-KATZ 1:18 PM ET

 

Prices are rising by an average of 22 percent for a popular plan type. Not all customers will be affected, but millions will feel the sting.

 

• 35 Comments
  

 

Samsung, Stung by Galaxy Note Failure, Recalls Washing Machines

 

By BRIAN X. CHEN 3 minutes ago

 

A recall of 2.8 million washing machines in the United States exceeds the 1.9 million Galaxy Note smartphones recalled last month.

 

At Trader Joe’s, Good Cheer May Hide Complaints

 

By NOAM SCHEIBER

 

Some workers at Trader Joe’s stores, including one who says he was fired for lacking a “genuine” smile, have complained about their treatment and of safety lapses.

 

• 1162 Comments
  

 

Dick Clark Productions to Be Sold to Chinese Company for $1 Billion

 

By AMIE TSANG

 

The sale to Dalian Wanda, which has been on a buying spree, would include broadcasting rights to the Golden Globes and other TV spectacles.

 

The Paris Agreement on Climate Change Is Official. Now What?

 

By KEITH BRADSHER

 

Top energy policy makers and corporate leaders say it will be challenging to meet even the deal’s modest goals to reduce emissions and greenhouse gases.

 

Wells Fargo Faces Scrutiny for Black Marks on Ex-Employee Files

 

By STACY COWLEY

 

Three senators asked for data on forms filed by the bank, which former employees say contained negative comments as retaliation against whistle-blowers.

 

Fox News Lineup Begins to Take Shape

 

By MICHAEL M. GRYNBAUM

 

Tucker Carlson will take over the prime-time anchor slot once held by Greta van Susteren, starting Nov. 14.

 

Tesla’s Bid for SolarCity Gets Support From Shareholder Adviser

 

By MICHAEL J. de la MERCED 43 minutes ago

 

The backing of Institutional Shareholder Services could sway Tesla shareholders because the firm’s recommendations carry great weight among mutual funds.

 

 

Energy for Tomorrow

 

Special Section

 

An International Special Report

 

 

A look at what’s next in cutting greenhouse gases, from the search for new ideas to the growth of solar in the Middle East, and what to expect at the climate summit in Morocco.

 

• More articles in the report.
  

 

Big Oil Slowly Adapts to a Warming World

 

By CLIFFORD KRAUSS

 

Major oil and gas companies, facing future loss of demand for their products as a result of climate change policies, search for new strategies.

 

‘Everyone Needs to Act’: What to Expect From Climate Talks in Morocco

 

By MATT RICHTEL

 

Ahead of the global climate change conference, four experts explain why it is an important, if less momentous, follow-up to Paris.

 

 

 

• Competition Would Be the Best Solution to Rising Drug Prices 3:27 PM ET
  
• Former Napa Valley Winemaker Arrested in Fraud Scheme
  
• Egypt Floats Currency, Appeasing I.M.F. at Risk of Enraging Poor
  
• TV Sports: Cubs Clinched Title Before Baseball’s Largest TV Audience in Decades
  
• Creator of ‘Bad Lip Reading’ Videos Says 2016 Election Has Defied Parody
  

[interestrateripoff]

US jobs growth adds to rate rise chance

 

 

 

 

The case for a rise in US interest rates is bolstered by strong jobs data for October.

 

• 4 November 2016
  
• From the section Business
  

 

 

Related content

 

 

• Fed holds rates ahead of election
  
• US growth rate fastest for two years
  
• China's slowdown the 'big risk'
  
• US denim: Down but not out
  

 

 

 

 

 

 

Pensions Advisory Service boss bankrupt

 

The chair of the Pensions Advisory Service - once described as a champion of savers - has stood down from his position after being declared bankrupt.

 

• 4 November 2016
  
• From the section Business
  

 

 

Related content

 

 

• Treasury 'right' to shelve pension plan
  

 

 

 

 

 

Live Business Live: Pound rises on Trump jitters

 

Sterling is higher against the dollar as market jitters over the US presidential election continue.

 

• From the section Business
  

 

 

 

 

 

M&S set to announce store closures

 

• 4 November 2016
  
• From the section Business
  

 

 

Samsung recalls 2.8m washing machines

 

• 4 November 2016
  
• From the section Business
  

 

 

New West Coast rail franchise to run HS2

 

• 4 November 2016
  
• From the section Business
  

 

 

 

 

 

Workers priced out of justice, says TUC

 

• 4 November 2016
  
• From the section Business
  

 

 

Rents to rise 'faster' than house prices

 

• 4 November 2016
  
• From the section Business
  
• comments
  

 

 

FTSE falls on US election uncertainty

 

• 4 November 2016
  
• From the section Business
  

 

 

BHS deal 'could be struck by Christmas'

 

• 4 November 2016
  
• From the section Business
  

 

 

'Surge' of Saturday shoppers from Republic

 

• 4 November 2016
  
• From the section Northern Ireland
  

 

 

Starbucks reports record annual profit

 

• 4 November 2016
  
• From the section Business
  

 

 

 

 

Also in the News

 

 

 

United to stop Belfast to New York flights

 

• 4 November 2016
  
• From the section Northern Ireland
  

 

 

 

 

Dyson invents his own tech college

 

• 4 November 2016
  
• From the section Education & Family
  
• comments
  

 

 

 

 

Features & Analysis

 

 

 

Chinese conquest

 

Should games firms fear the surging Asian market?

 

• 4 November 2016
  
• From the section Business
  

 

 

 

 

 

Keep it in the family

 

Trump and Clinton trust in daughter power

 

• 3 November 2016
  
• From the section Business
  

 

 

 

 

 

Yellow sticker hunters

 

The people who look for cut-price food

 

• 3 November 2016
  
• From the section UK
  

 

 

 

 

 

 

 

'Super power'

 

The business owners beating their mental health issues

[interestrateripoff]

• Record prices for avocados spark strikes in Mexico and a crime wave in New Zealand
   
   
   
  
• Pound enjoys best week in seven years - but FTSE 100 suffers worst week since January as US election jitters rattle markets
   
   
   
  
• Deal to build Royal Navy frigates safeguards thousands of jobs on the Clyde
   
   
   
  
• Sir Philip Green attempted £250m cut-price BHS deal with Pensions Regulator
   
   
   
  
• House prices to stay flat until 2018 as growth is overtaken by rents
   
   
   
  
• Dyson blows a breath of fresh air into education by starting its own university
   
   
   
  
• Samsung Galaxy Note 7 cut off by New Zealand mobile networks
   
   
   
  
• Samsung woes deepen as it recalls nearly three million washing machines
   
  Strong Germany bolsters steady eurozone economy
  

[interestrateripoff]

FTSE 100 suffers biggest weekly fall in 10 months

 

LONDON Britain's top share index hit a seven-week low on Friday and registered its biggest weekly loss in 10 months as drugmakers came under pressure from political scrutiny in the United States ahead of its Nov. 8 elections.

5:12pm GMT

Trumped-up sterling bounce could spark bigger shakeout

 

LONDON It took just a few short minutes on Thursday to create the beginnings of a move that may bring down the financial world's most clear-cut trade of 2016.

4:40pm GMT

Stocks jittery after election-linked selling; oil prices weak

 

NEW YORK Global equity markets were jittery on Friday, even as Wall Street clung to modest gains as investors looked past worries about the outcome of the U.S. presidential election to snap an eight-day losing streak.

7:24pm GMT

M&S seen axing stores at home and abroad as profits slump

 

LONDON Struggling British retailer Marks & Spencer is expected to announce plans next week to shut some stores at home and abroad, with analysts forecasting a slump in first-half profit and another fall in clothing sales.

5:44pm GMT

Euro zone set for inflation surge - ECB's Constancio

 

CHICAGO Euro zone inflation will accelerate quickly in coming months and a recent string of encouraging economic data may have reduced risks to growth, European Central Bank Vice President Vitor Constancio said on Friday.

7:58pm GMT

BAE, UK government agree start date of 2017 for building of new warships

 

LONDON Britain's BAE Systems said on Friday it had agreed with the UK government that the manufacturing of eight new anti-submarine warships would start in the summer of 2017, adding that a final contract was still being negotiated.

10:49am GMT

Oil falls by most in a week since January on OPEC tensions

 

NEW YORK Oil futures on Friday fell by their biggest weekly percentage decline since January of around 9 percent as signs of tensions resurfaced between Saudi Arabia and Iran that could scupper a key supply cut pact.

7:27pm GMT

Strong U.S. job growth, rising wages boost December rate hike prospects

 

WASHINGTON U.S. employers maintained a strong pace of hiring in October and boosted wages for workers, which could effectively seal the case for a December interest rate increase from the Federal Reserve.

8:07pm GMT

BMW warns profits under pressure as car margins slip

 

FRANKFURT BMW's profit margins on cars fell in the third-quarter, hit by spending on more engineering staff and new electric car technologies against a backdrop of stiffer price competition in the U.S. luxury car market.

4:01pm GMT

Exclusive - Saudis could raise oil output again as sparring with Iran returns: sources

 

DUBAI/LONDON Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts last week, with Riyadh saying it could raise oil output steeply to bring prices down if Tehran refuses to limit its supply, OPEC sources say.

[interestrateripoff]

Exclusive - Saudis could raise oil output again as sparring with Iran returns: sources

 

DUBAI/LONDON Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts last week, with Riyadh saying it could raise oil output steeply to bring prices down if Tehran refuses to limit its supply, OPEC sources say.

5:29pm GMT

Saudi does not 'threaten' oil output hike - Gulf source

 

LONDON Saudi Arabia "did not threaten" anyone with production increases at an OPEC experts meeting last week, a Gulf OPEC source said, but it warned that production around the world will rise if there is no output limiting deal.

5:29pm GMT

Italy's Mediolanum and two others pass ECB test

 

FRANKFURT Italy's Banca Mediolanum , the Irish unit of Citi and Slovenia's Abanka have passed a European Central Bank health check, the ECB said on Friday, while Latvia's Rietumu did not consent to its results being published.

5:14pm GMT

FTSE 100 suffers biggest weekly fall in 10 months

 

LONDON Britain's top share index hit a seven-week low on Friday and registered its biggest weekly loss in 10 months as drugmakers came under pressure from political scrutiny in the United States ahead of its Nov. 8 elections.

5:12pm GMT

Tougher 'dark pool' rules trigger race for alternative venues

 

LONDON Tough new European regulations limiting the scope of "dark pools" are prompting stock exchange operators to develop equivalent systems to fill what is expected to be a gap in the equity market.

5:02pm GMT

Sterling enjoys best week since 2009 as 'hard Brexit' fears ease

 

LONDON The pound rose almost a cent on Friday to register its best week against the dollar since October 2009, as worries eased that Britain would undergo a "hard" exit from the European Union and lose its access to the single market.

4:51pm GMT

Trumped-up sterling bounce could spark bigger shakeout

 

LONDON It took just a few short minutes on Thursday to create the beginnings of a move that may bring down the financial world's most clear-cut trade of 2016.

4:40pm GMT

Tesla Motors' SolarCity deal gets a boost from shareholder advisory firm

 

Institutional Shareholder Services (ISS) on Friday recommended that investors in both companies approve Tesla Motors' plan to buy solar panel installer SolarCity for more than $2 billion (£1.60 billion).

4:07pm GMT

BMW warns profits under pressure as car margins slip

 

FRANKFURT BMW's profit margins on cars fell in the third-quarter, hit by spending on more engineering staff and new electric car technologies against a backdrop of stiffer price competition in the U.S. luxury car market.

4:01pm GMT

Aer Lingus, Ryanair still in talks over feeder flights - IAG CEO

 

LONDON Irish airlines Aer Lingus and Ryanair are still in talks for the budget carrier Ryanair to provide feeder services for Aer Lingus's long-haul flights, and the head of parent company IAG believes a deal is still possible.

Cheap, but not so cheerful, for China's low-end textile exporters

 

HONG KONG A decade ago, buyers would have been lining up at China's biggest trade fair to make deals with textile firms selling material and clothing at a fraction of the prices charged in Italy or the United States.

3:28pm GMT

Exclusive - Deutsche Telekom mulls BT stake sale after Brexit vote: sources

 

LONDON Deutsche Telekom is considering selling its 12 percent stake in BT Group, two sources familiar with the matter said, paving the way for it to leave the British telecoms market following Britain's vote to quit the European Union.

3:26pm GMT

Unicredit recommends 'overweight' on European banks for first time since 2006

 

LONDON UniCredit, Italy's biggest bank by assets, has put an "overweight" recommendation on the European banking sector for the first time in 10 years, saying that the stabilising environment offered further positive potential.

3:18pm GMT

Exclusive - Vimpelcom set for radical overhaul from telco to internet player: CEO

 

AMSTERDAM/LONDON Vimpelcom is undertaking the telecom industry’s most radical overhaul to date, weaning itself from declining revenues from voice and data to focus instead on mobile Internet services such as banking, taxis and messaging, its executives said.

3:14pm GMT

Euro zone business growth still struggling to gain traction

 

LONDON Business activity in the euro zone during October was not as robust as first thought, a survey showed on Friday, adding to signs the bloc's recovery remains on track but is struggling to gain momentum.

3:07pm GMT

Italy's Padoan says market fears government's economy policy could be interrupted

 

ROME Yields on Italian sovereign debt are rising because the market fears government action on the economy could be disrupted, Economy Minister Pier Carlo Padoan said on Friday.

3:06pm GMT

IMF says politics, debt taking toll on Turkish economy

 

ISTANBUL Increased political uncertainty, a fall in tourism and high levels of corporate debt are taking their toll on Turkey's economy, where growth is expected to fall to 2.9 percent this year, the International Monetary Fund said on Friday.

2:47pm GMT

Libyan sovereign fund seeks to appeal judgment in Goldman case

 

LONDON Libya's $67 billion sovereign wealth fund will turn to the UK Court of Appeal, a source said on Friday, after a high court judge denied it permission to appeal her judgment in a $1.2 billion (£961.77 million) case against Goldman Sachs.

2:08pm GMT

After stealth fighters and jumbo jets, China's 'secret weapon' - aero engines

 

ZHUHAI, China Beyond the roar of its new stealth jets and the buzz of plans to build commercial jumbos, China in the past week offered a quiet first peek at a key test of its drive to become a global aviation powerhouse - a giant state-owned aero engine maker.

1:54pm GMT

Bristling with hardware, China airshow targets arms exports

 

ZHUHAI, China China's extravagant display of military might at its largest airshow this week, overlooking the disputed South China Sea, comes as Beijing seeks to leverage that clout on world markets.

[interestrateripoff]

Samsung recalls 2.8 million washing machines in U.S. over injury risk

 

Samsung Electronics Co Ltd , already reeling from a global recall of its Note 7 smartphones, said on Friday it would recall about 2.8 million top-load washing machines in the United States following reports of injuries.

1:49pm GMT

Volkswagen gets approval for fix on another 2.6 million cars

 

FRANKFURT/HAMBURG Volkswagen has received regulatory approval for technical fixes on more cars in Europe affected by its diesel emissions scandal, it said on Friday, meaning it can now recall another 2.6 million vehicles.

1:33pm GMT

Saudi Naimi's battles against Western 'greed' shine light on Aramco IPO

 

LONDON As Saudi Arabia prepares for the world's biggest initial public offering (IPO), memoirs from its former oil minister Ali al-Naimi offer a rare insight into decades of domestic infighting over the future of state-run Saudi Aramco.

1:11pm GMT

BA-owner sticks to main targets, trims capacity plans

 

LONDON British Airways-owner IAG stuck to its main long-term earnings and margin growth targets but scaled back its plans to expand capacity in a sign of the tough environment in which airlines are operating.

1:09pm GMT

British Airways-owner IAG confident on future payouts

 

LONDON British Airways-owner IAG will continue to generate attractive returns for shareholders despite a difficult 2016 which forced it to lower some of its longer-term targets, its finance chief said on Friday.

1:09pm GMT

EU watchdog proposes lighter capital buffers for simpler funds

 

LONDON Investment funds in the European Union that do not pose a risk to the financial system should have less onerous capital requirements than bigger rivals, the bloc's banking watchdog said on Friday.

12:29pm GMT

Nestle gets $145 million stake in food allergy specialist Aimmune

 

ZURICH Nestle's Health Science unit will invest $145 million (£116.21 million) in U.S. food allergy specialist Aimmune Therapeutics , the latest move by the Swiss food giant in the health arena, the companies said on Friday.

12:02pm GMT

EU regulators halt review of Dow, DuPont deal, await data

 

BRUSSELS EU antitrust regulators have halted their scrutiny of the $130 billion (£104.19 billion) merger of Dow Chemical and DuPont after the companies failed to provide crucial data, the European Commission said on Friday.

11:58am GMT

TotalErg pump network sale hangs on refinery deal - sources

 

LONDON/MILAN France's Total and Italy's Erg are looking to sell a stake in their Italian refinery business Sarpom to facilitate an auction of one of the country's biggest service station networks, sources said.

11:55am GMT

Tullett Prebon boosted by sterling's fall after Brexit vote

 

British interdealer broker Tullett Prebon Plc on Friday reported higher third-quarter revenue, boosted by a fall in the pound and volatility brought on by Britain's vote to leave the European Union.

Sweden's clean corporate image dealt blow with insider trading case

 

STOCKHOLM The arrest of Hexagon chief executive Ola Rollen, one of Sweden's most successful CEOs, on suspicion of insider trading could not only threaten the company's standing but also the business reputation of the country.

11:16am GMT

Richemont to scrap CEO role for wider structure

 

PARIS/ZURICH Luxury goods group Richemont will no longer have a chief executive and be run by a group of senior figures once Richard Lepeu retires in March, Chairman Johann Rupert said on Friday as the group battles a severe watch industry downturn.

11:05am GMT

Beleaguered Commerzbank aims to eke out 2016 profit after quarterly loss

 

FRANKFURT Commerzbank was hit by restructuring costs, low interest rates and weak demand for loans from German companies in the third quarter, although the German bank's net loss for the period was not as dire as some had feared.

10:51am GMT

Brexit decision has spurred Frankfurt property sector - Commerzbank CFO

 

FRANKFURT Britain's decision to leave the European Union has boosted Frankfurt's real estate market, Commerzbank's Chief Financial Officer Stephan Engels said.

10:51am GMT

BAE, UK government agree start date of 2017 for building of new warships

 

LONDON Britain's BAE Systems said on Friday it had agreed with the UK government that the manufacturing of eight new anti-submarine warships would start in the summer of 2017, adding that a final contract was still being negotiated.

10:49am GMT

UK car sales rise in October but consumer demand slumps again

 

LONDON British new car registrations rose marginally last month, an industry body said on Friday, with an increase in businesses buying fleet cars offsetting a slump in demand among individual consumers for the seventh month in a row.

10:31am GMT

Takata mulls bankruptcy for U.S. unit, filing will take time - source

 

WASHINGTON/TOKYO Japan's Takata Corp is considering a bankruptcy filing for its U.S. unit as the air bag maker looks for a sponsor to help pay for liabilities related to its faulty inflators, a person briefed on the matter told Reuters.

10:26am GMT

BMW says to await Brexit outcome before taking investment decisions

 

FRANKFURT BMW's Chief Executive said the carmaker is not under pressure to decide about making further investments in its Mini factory in Oxford until the United Kingdom has concluded negotiations about leaving the European Union.

10:24am GMT

Court hearing on Vivendi stake seizure postponed to November 23 - source

 

MILAN The first court hearing to decide on a request by Italy's Mediaset to seize a 3.5 percent stake in Vivendi in a pay-TV dispute has been postponed to November 23, a source close to the matter told Reuters on Friday.

10:20am GMT

Suzuki lifts annual profit outlook on robust India and Europe sales

 

TOKYO Japan's Suzuki Motor Corp raised its annual operating profit forecast on Friday in a surprise move, as quarterly results beat estimates thanks to strong vehicle sales in India and Europe.

[interestrateripoff]

ChinaCoal in talks with utilities on setting 2017 contract prices

 

BEIJING China National Coal Group (ChinaCoal) expects to sign more deals with its utility customers for 2017, a spokesman for China's second-largest coal miner said on Friday as thermal coal prices soared to fresh all-time highs amid fears about shortages.

10:07am GMT

European shares fall as pharma stocks come under fire; Richemont rallies

 

MILAN European shares fell on Friday, weighed down by weaker drugmakers after two U.S. lawmakers called on federal antitrust regulators to open a probe for possible price fixing.

10:04am GMT

Deutsche Bank stake in China's Harvest offers some comfort in troubled times

 

HONG KONG In the chequered history of foreign-sino joint ventures, Deutsche Bank's 30 percent stake in Beijing-based Harvest Fund Management has proven a savvy investment - and may provide the German bank with a cushion as it faces a big penalty for allegedly misselling mortgage-backed securities in the United States.

10:02am GMT

No sign Italy's economy to accelerate in fourth quarter - ISTAT

 

ROME There are no signs to suggest Italy's sluggish economy will accelerate in the final months of this year, national statistics bureau ISTAT said on Friday.

9:24am GMT

French services sector grows at weakest pace in three months - PMIs

 

PARIS Growth in France's dominant services sector slowed more than initially thought in October, a survey showed on Friday, with companies' efforts to cut prices failing to bring new business as the large hotel and restaurant sector suffered.

9:03am GMT

German services bounce back as firms hire more staff - PMI

 

BERLIN German service activity bounced back in October, helping the private sector expand at its second-fastest monthly rate this year, a survey showed on Friday, suggesting Europe's largest economy is set for solid growth in the fourth quarter.

9:00am GMT

Deutsche Bahn CEO says calling off Arriva, Schenker flotation

 

FRANKFURT Germany's state-owned railway Deutsche Bahn [DBN.UL] has put plans for a partial privatisation of Arriva and Schenker on ice due to Britain's decision to exit the European Union, its chief executive said, confirming media reports.

8:51am GMT

China's Baosteel quickens steel capacity cuts for 2016-2017

 

BEIJING China's Baosteel Group said it would cut steel production capacity by 11 million tonnes over 2016 and 2017, according to an announcement posted on its website on Friday, ahead of an earlier target.

8:47am GMT

Russia's Rosneft starts production at east Siberian oilfield

 

MOSCOW Russia's largest oil producer Rosneft said on Friday it was gradually starting production at the Yurubcheno-Tokhomskoye oilfield in eastern Siberia and had began shipments to a pipeline.

8:45am GMT

French energy minister says no risk of power blackouts

 

PARIS France does not risk electricity blackouts this winter despite 19 out of its 58 nuclear reactors on prolonged outages, French Energy Minister Segolene Royal said on Friday, a day after utility EDF postponed the restart of five reactors.

Volvo says plans to sell Governmental Sales unit

 

STOCKHOLM Swedish truck maker Volvo said on Friday it planned start a process to sell its Governmental Sales unit following a strategic review of the business.

8:29am GMT

Paddy Power Betfair raises profit guidance on sterling, merger

 

DUBLIN Paddy Power Betfair increased its full-year profit forecast on Friday, citing a boost in the sterling value of its euro revenue, this year's merger and favourable sporting results.

8:12am GMT

Advent halves stake in UK furniture retailer DFS

 

U.S. private equity firm Advent International Corp said it had cut its stake by half in British furniture retailer DFS Furniture Plc .

8:11am GMT

Suicide at Japan's top ad agency puts overtime on the reform agenda

 

TOKYO In April last year, Matsuri Takahashi, a promising graduate of Japan's top university, landed a job at Dentsu, one of the country’s most prestigious advertising agencies, renowned for its hard-driving work culture.

7:40am GMT

China regulator bans financing via OTC derivatives - sources

 

SHANGHAI/BEIJING The China Securities Regulatory Commission (CSRC) has banned the use of over-the-counter (OTC) derivatives as a financing channel, in a fresh move to restrict risky shadow banking businesses, according to a CSRC notice obtained by Reuters, and confirmed by two sources.

7:36am GMT

China actively pushing forward property tax reform - finance minister

 

BEIJING China is actively pushing forward reforms on property taxes as it overhauls its fiscal system, Finance Minister Lou Jiwei said in written comments at a forum on fiscal policy in Beijing on Friday.

7:35am GMT

Car sales rose around 1 percent in October - preliminary data

 

LONDON British new car registrations increased by around 1 percent year-on-year last month, according to preliminary data from an industry body, with overall sales figures appearing to weather any hit from the Brexit vote so far.

7:19am GMT

Richemont says CEO Lepeu to retire end-March 2017

 

ZURICH Richemont Chief Executive Richard Lepeu has signalled his intention to retire from March 31, 2017, the luxury goods group said on Friday, while Chief Financial Officer Gary Saage will also stand down on July 31, 2017.

7:15am GMT

Air bag maker Takata raises full-year profit forecast

 

TOKYO Japanese air bag maker Takata Corp raised on Friday its forecast for full-year profit as the firm expects the proceeds of asset sales to boost its bottomline even as it struggles with costs related to a massive global recall of its air bags.

6:51am GMT

Japan's economic growth seen edging up in third-quarter but still fragile - Reuters poll

 

TOKYO Japan's economy likely expanded for a third straight quarter in July-September, a Reuters poll showed on Friday, but weak private consumption and lacklustre company capital spending suggest growth will remain fragile.

[interestrateripoff]

After spinoff, Yum China confident about growth, sees reversals along way

 

(Corrects headline and first paragraph of story sent on Wednesday to reflect accurate context of CEO's comments)

6:00am GMT

China to meet 'reasonable' local government financing needs

 

BEIJING While curbing illegal fund-raising and guarantees by local governments, the "front door" will be opened to help them meet "reasonable" funding requirements to support local economic growth, the Finance Ministry said on Friday.

5:19am GMT

Standard Chartered names Jaisingh new head of private equity unit - source

 

HONG KONG Standard Chartered has named Nainesh Jaisingh the new head of its private equity unit, even as the Asia-focused bank looks to reduce its private investments exposure over the next few years, said a person with direct knowledge of the matter.

4:52am GMT

German economy minister urges China to assure level playing field

 

HONG KONG Germany's Economy Minister Sigmar Gabriel said it does not see a level playing field for its companies in China and he has had no discussions with the Chinese government about the purchase of a German chip equipment maker.

4:43am GMT

China's Wanda extends Hollywood push with Dick Clark deal

 

SHANGHAI/SAN FRANCISCO China's Dalian Wanda has agreed a $1 billion (801.73 million pounds) takeover of Dick Clark Productions, the company that runs the Golden Globe awards and Miss America pageants, extending the Chinese property-to-entertainment conglomerate's buying spree in Hollywood.

4:14am GMT

Japan, Russia agree to economic cooperation ahead of summit - Nikkei

 

TOKYO Japan and Russia will focus on about 30 items of economic cooperation ahead of a December summit at which Japanese Prime Minister Shinzo Abe hopes to make progress in resolving a long-festering territorial row, said the Nikkei business daily.

3:31am GMT

GoPro tumbles as production issues hurt results, forecast

 

Wearable camera maker GoPro Inc reported a much steeper-than-expected fall in quarterly revenue and its forecast for the key-holiday quarter also missed analysts' estimates, hurt by production issues for its newest products.

2:53am GMT

Japan's services sector returns to expansion in October as orders recover - PMI

 

TOKYO Activity in Japan's services sector expanded for the first time in three months in October, a private survey showed on Wednesday, suggesting consumer spending is picking up after a series of typhoons kept shoppers at home.

12:36am GMT

Brexit will stop UK house price growth in 2017 - Savills

 

LONDON Brexit will end British house prices growth in 2017 and lead to a slump in transactions, estate agents Savills said on Friday, in the latest sign Britain's once red-hot housing market is beginning to cool.

12:10am GMT

Paging Chinese airlines' ideal customer - the Western business traveller

 

SYDNEY/ZHUHAI, China Riding an overseas tourism boom, China's airlines are sprucing up services on gleaming new jets to fresh destinations with the bold aim of cracking a lucrative passenger market dominated by established rivals - Western business travellers.

[interestrateripoff]

Former Treasury Secretary Summers Calls For End Of Fed Independence

 

Obamacare Is Raising Premiums And Lowering Employment

 

US Oil Rig Count Jumps To 9-Month Highs

 

Since 2014 The US Has Added 547,000 Waiters And Bartenders And Lost 36,000 Manufacturing Workers

 

Here Is The Reason Why 82% Of American Workers Don't Feel Any Wage Growth

 

People Not In Labor Force Surge By 425,000 To 94,609,000

 

October Payrolls Miss, Rise 161,000 After Upward Revisions, Wages Beat; Unemployment Rate Dips To 4.9%

 

Global Stocks Drop; Futures Hints At Longest Losing Streak Since December 1980

 

The October Payrolls Report: What Wall Street Expects

 

The End Of A Great Industrial Power: French Car Production Has Collapse Since Joining The Euro

[interestrateripoff]

• 
   
  Youngstown, Ohio Why business is backing Trump in a bellwether city
   
   
  The Republican presidential candidate may not be ‘intellectually there’, but supporters in Youngstown, Ohio say he’s better than the alternative
   
  
  • US economy 161,000 jobs added as voters head to polls
    

   

   

  Why business is backing Trump in a bellwether city

   

  [*]

  • 
     
    Greece Alexis Tsipras reshuffles cabinet to boost bailout reforms
     
     
     
    Alexis Tsipras reshuffles cabinet to boost bailout reforms
     
    
  • Volkswagen Inquiry widens to include former finance chief
     
     
     
    Inquiry widens to include former finance chief
     
    
  • Tesco Bank Some customers' cards blocked after apparent fraud attempt
     
     
     
    Some customers' cards blocked after apparent fraud attempt
     
    

  [*]

  • India warns UK immigration policy could wreck trade deal
     
     
     
    India warns UK immigration policy could wreck trade deal
     
    
  • Wetherspoon boss Tim Martin ‘The EU became a quasi-religion’
     
     
     
    ‘The EU became a quasi-religion’
     
    
  • M&S Chain set to axe dozens of high street stores
     
     
     
    Chain set to axe dozens of high street stores
     
    
  • Work Government blocks attempt to ban unpaid internships
     
     
     
    Government blocks attempt to ban unpaid internships
     
    
  • Christmas TV ads The search for a cracker, the fear of a turkey
     
     
     
    The search for a cracker, the fear of a turkey
     
    

 

 

• 
   
  Retail Birds Eye and Walkers ask supermarkets for up to 12% price rises
   
   
  Brands join Typhoo and Unilever in battle over prices caused by 18% drop in value of pound against dollar since Brexit vote
   
  
  • Living standards Higher inflation and rising debt threaten millions
    

   

   

  Birds Eye and Walkers ask supermarkets for up to 12% price rises

   

  [*]

   

  Legacy of leaving old industrial UK to rot is becoming clear

   

   

   

  • Report Half budget deficit 'is down to job destruction'
    

   

   

  Legacy of leaving old industrial UK to rot is becoming clear

   

[interestrateripoff]

John Lewis Christmas 'advert' created by student fools internet

 

Many have called for the retailer to offer the A Level student a job producing future adverts

 

 

 

 

These 10 companies control everything you buy

 

 

 

 

• Tesco blocks customer cards after 'suspicious activity' affecting acco
   
  
  
• This CV landed me interviews at Google and more than 20 top startups
   
  
  
• Business leaders fear Brexit is in danger of ‘spinning out of control’
   
  
  

 

 

 

 

 

Pound has its best week since 2009

 

Sterling hit one-month highs against the dollar and the euro after a flurry of positive news

 

 

 

 

 

 

Plans to float stake in Sunderland firm dropped after Brexit

 

 

 

 

 

 

BA to shrink seat space to squeeze more passengers on to flights

 

 

 

 

 

 

Britain’s curry houses voted for Brexit and now regretting it

 

The number of licensed curry restaurants has declined by 13 per cent, with over 1,000 restaurants closing their doors for good in the last 18 months

 

 

 

 

 

 

 

 

Marks & Spencer is ‘set to close dozens of stores’

 

Chief executive Steve Rowe previously warned that he would have to take tough decisions to restore the retailer to its former glory

 

 

 

 

 

 

BHS pension deal ‘could be sorted by Christmas’

 

It is hoped a deal can be negotiated outside of formal court proceedings which could take years

 

 

 

 

 

 

 

 

Big oil pledge to tackle climate change dismissed as ‘drop in ocean’

 

Ten fossil fuel firms announce they will each spend an extra $10m (£8m) a year over next decade on new technologies designed to cut emissions in move analyst says shows ‘no real deviation’ from their current business model

 

 

 

 

 

 

Betfair Paddy Power sets pace in Bookmakers Shakeout Derby

 

While the latest update isn’t quite as good as it looks, boss Breon Corcoran still has his horse in Group One race winning form. His rivals are going to find it tough to match the pace he’s setting

 

 

 

 

 

UK car industry risks ‘death by a thousand cuts’

 

 

 

 

 

Shell says oil demand could peak in five years

 

 

 

 

 

 

Mark Zuckerberg’s fortune falls by $2.5bn over just two words

 

Ad revenue expected to be ‘meaningfully’ slow while company plans ‘aggressive’ investments

 

 

 

 

 

 

 

 

Jaguar, Tate & Lyle, HSBC: Business news in brief, 4 November 2016

 

UK's biggest car maker agrees inflation-busting pay rise; Sugar profits boosted by falling pound; French prosecutors demand

 

 

 

 

 

 

When can I see the John Lewis Christmas advert?

 

The countdown for the must-see advert of the Christmas season has begun

 

 

 

 

 

 

 

Donald Trump's late surge in polls hits European shares as fear mounts

 

European shares fall following an eighth day of losses on Wall Street

 

 

 

 

 

Fitbit's guidance is clear proof wearables remain a niche market

 

 

 

 

 

Starbucks traffic falls in US, sales slip in Europe, miss China forcas

 

 

 

 

 

 

Millenials do not hate groceries: an open rebuttal

 

They hate articles citing our generation as the fall of mankind.

[interestrateripoff]

Volkswagen Emissions Scandal Inquiry Widens to Top Levels

 

By JACK EWING 11:14 AM ET

 

 

Prosecutors are investigating whether Hans Dieter Pötsch, the carmaker’s former top finance official, failed to warn shareholders about the scandal.

 

 

 

Alexander Koerner/Getty Images

 

Hans Dieter Pötsch, the chairman of Volkswagen’s supervisory board, at the carmaker’s annual shareholders’ meeting in June.

 

 

 

 

 

 

 

 

 

 

 

News Analysis

 

Thin Line Splits Donald Trump’s Politics and Businesses

 

By DAVID BARSTOW

 

Would he be into this White House thing for the country’s benefit or his own? His business record reveals a willingness to change course to suit his needs.

 

The Money Management Gospel of Yale’s Endowment Guru

 

By GERALDINE FABRIKANT

 

The mammoth Yale endowment fund run by David Swensen has been a training ground for investment managers, its alumni now scattered through the nonprofit world.

 

How LinkedIn Drove a Wedge Between Microsoft and Salesforce

 

By NICK WINGFIELD and KATIE BENNER

 

Once so close they flirted with a merger, the software giants became archrivals when they realized the value of the data amassed by social networks.

 

‘We Almost Have Riots’: Tensions Flare in Silicon Valley Over Growth

 

By DAVID STREITFELD

 

As the region has become more congested and expensive, there are growing demands to rein in the physical space that many technologists call home.

 

Last Economic Snapshot Before the Election Shows Healthy Job Growth

 

By PATRICIA COHEN

 

While the presidential campaigns have been preoccupied with issues beyond the economy, the report refocuses attention on the crucial issue of jobs.

 

• Ground Rules: How the Jobs Report Is Kept Politics-Free
  

 

The Upshot

 

These Jobs Numbers Show an Economy That Is Basically Healthy

 

By NEIL IRWIN

 

Economic conditions have been less of a focus in this election season than in other recent ones, and the latest jobs report confirms why.

 

• 86 Comments
  

 

Bill Simmons’s HBO Program Is Canceled

 

By JOHN KOBLIN

 

HBO was eager to tap Mr. Simmons’s base of readers of his sports column, but that audience failed to materialize.

 

The Upshot

 

See Obamacare Rates for Every County in the Country

 

By MARGOT SANGER-KATZ

 

Prices are rising by an average of 22 percent for a popular plan type. Not all customers will be affected, but millions will feel the sting.

[interestrateripoff]

Tesco Bank customers 'lose cash in fraud'

 

 

 

 

Fraudsters appear to have targeted thousands of Tesco Bank accounts, with some customers missing hundreds of pounds.

 

• 6 November 2016
  
• From the section Business
  

 

 

Related content

 

 

• Tesco Bank to relocate Edinburgh staff
  
• Tesco Bank technical problems sorted
  

 

 

 

 

 

 

Walkers and Birds Eye set for price rises

 

Walkers and Birds Eye are set to raise the prices of some items due to the falling strength of the pound after the EU referendum.

 

• 6 November 2016
  
• From the section Business
  

 

 

Related content

 

 

• Tesco pulls famous brands in price row
  

 

 

 

 

 

VW emissions probe investigates chairman

 

Car giant VW says German prosecutors have expanded their probe of the emissions scandal to include the firm's chairman.

 

• 6 November 2016
  
• From the section Business
  

 

 

Related content

 

 

• Judge approves VW's record US settlement
  
• VW boss: Emissions scandal 'a huge mistake'
  

 

 

 

Scrap state pension triple-lock, say MPs

 

• 6 November 2016
  
• From the section Business
  

 

 

Will India dash UK trade deal hopes?

 

• 5 November 2016
  
• From the section India
  

 

 

Rise in number of million-pound houses

 

• 5 November 2016
  
• From the section Business
  

 

 

 

 

 

US jobs growth adds to rate rise chance

 

• 4 November 2016
  
• From the section Business
  

 

 

Pensions Advisory Service boss bankrupt

 

• 4 November 2016
  
• From the section Business
  

 

 

M&S set to announce store closures

 

• 4 November 2016
  
• From the section Business
  

 

 

Samsung recalls 2.8m washing machines

 

• 4 November 2016
  
• From the section Business
  

 

 

New West Coast rail franchise to run HS2

 

• 4 November 2016
  
• From the section Business
  

 

 

Workers priced out of justice, says TUC

 

• 4 November 2016
  
• From the section Business
  

 

 

 

 

Also in the News

 

 

 

United to stop Belfast to New York flights

 

• 4 November 2016
  
• From the section Northern Ireland
  

 

 

 

 

Dyson invents his own tech college

 

• 4 November 2016
  
• From the section Education & Family
  
• comments
  

 

 

 

 

Features & Analysis

 

 

 

Advantage Murray

 

How number one tennis status can boost off-court earnings

 

• 6 November 2016
  
• From the section Business
  

 

 

 

 

 

DVD v download

 

Why the same TV series cost less on disc

 

• 6 November 2016
  
• From the section Business
  

 

 

 

 

 

Closed for business

 

The abandoned factory that explains Donald Trump

 

• 4 November 2016
  
• From the section US Election 2016
  

 

 

 

 

 

 

 

 

Bragging rights

 

Why sports stars aspire 'to be Grogged'

[interestrateripoff]

Scrap 'unsustainable' state pension rules, says parliamentary committee

 

LONDON Britain must scrap its system of guaranteed annual pension increases for retired citizens, a committee of lawmakers said on Sunday, calling the rules "inherently unsustainable" and unfair on younger generations.

2:44pm GMT

Fraud alerts causes Tesco Bank to block some bank cards

 

LONDON Britain's Tesco Bank said on Sunday that it had blocked some customers' bank cards after a fraud prevention system identified suspicious activity on a number of accounts.

3:45pm GMT

Some Magna workers to strike in Canada after rejecting contract -union

 

TORONTO Workers at Magna International's Integram vehicle seat plant in Windsor, Ontario will strike after voting against a tentative labour contract, their union, Unifor, said on Sunday.

6:10pm GMT

VW emissions scandal deepens as prosecutors probe chairman

 

FRANKFURT German prosecutors have widened an inquiry into suspected market manipulation by managers at Volkswagen to include the carmaker's supervisory board Chairman Hans Dieter Poetsch, VW said on Sunday.

3:00pm GMT

BT investor says firm should consider Openreach split - Telegraph

 

LONDON Britain's biggest broadband provider BT should consider selling off its Openreach network division, shareholder Aviva Investors has suggested, according to a Sunday Telegraph report.

4:45pm GMT

Monte dei Paschi foundation proposes Falciai as bank's new chairman

 

MILAN The foundation of Banca Monte dei Paschi di Siena has proposed businessman Alessandro Falciai to become the troubled Italian lender's new chairman, it said in a statement on Sunday.

11:10am GMT

Greek PM looks to completion of bailout review within weeks

 

ATHENS Greece's prime minister told his new cabinet on Sunday that Athens "can and will" conclude its second bailout review in time for long-awaited debt relief talks to begin in December.

12:30pm GMT

UK businesses report stronger activity in three months to October - CBI

 

LONDON British businesses reported stronger activity in the three months to October after an initial slowdown following June's vote to leave the European Union, the Confederation of British Industry said on Sunday.

12:06am GMT

Canada oil spill program hit by cheap crude, lacks applicants

 

The two-year oil price crash has hurt a Canadian government program that funds research on oil spill cleanups, resulting in fewer applicants than expected, a senior federal official said.

12:14pm GMT

Juncker warns European industry not to cut own Brexit deals

 

BRUSSELS European Commission President Jean-Claude Juncker warned European firms he would block attempts to cut special deals with Britain ahead of formal Brexit negotiations.

[interestrateripoff]

US election 2016: this is the global market turmoil that would be triggered by a Donald Trump victory

 

 

• Let other airports expand too, says Heathrow boss
   
   
   
  
• Access denied: Government rejects Sir Ed Davey's request for energy report he ordered
  
   
   
   
  
• Businesses still booming as exports grow and shoppers still spend
  

[interestrateripoff]

Newly floated Egyptian pound moves little as interbank trading begins

 

CAIRO Egypt's pound was almost steady early on Sunday as banks began trading freely for the first time since authorities ditched the currency's peg in a policy shift designed to crush a black market and clinch an International Monetary Fund loan.

10:22am GMT

China launches 10 billion euro fund for Central, Eastern Europe

 

BEIJING China has set up a 10 billion euro ($11.15 billion) investment fund to finance projects in Central and Eastern Europe, Industrial and Commercial Bank of China said in a statement issued on Sunday.

10:00am GMT

U.S. regulator found another cheat device in Audi car - report

 

FRANKFURT A U.S. regulator found software in some Audi vehicles that lowered their carbon dioxide emissions if it detected they were being used under test conditions, Bild am Sonntag reported.

8:14am GMT

China Premier Li says economy to maintain steady growth

 

BEIJING China will maintain steady growth and speed up economic transformation, Chinese Premier Li Keqiang said on Saturday, adding that the world's No. 2 economy would be able to overcome current challenges, official news agency Xinhua reported.

2:47am GMT

UK businesses report stronger activity in three months to October - CBI

 

LONDON British businesses reported stronger activity in the three months to October after an initial slowdown following June's vote to leave the European Union, the Confederation of British Industry said on Sunday.

12:06am GMT

GM cautiously ramps up Bolt electric car production

 

ORION TOWNSHIP, Mich. General Motors Co is ramping up production of Chevrolet Bolt electric cars at a factory north of Detroit and is on track to start delivering vehicles as promised by the end of the year, company officials said on Friday.

05 Nov 2016

Germany calls for free trade accord, welcomes China steel talks offer

 

BERLIN German Economy Minister Sigmar Gabriel called for a resumption of long-stalled efforts to negotiate a global free trade accord on Saturday, warning that a proliferation of bilateral trade deals could lead to varying standards and rules.

05 Nov 2016

Monte dei Paschi set to name shareholder Falciai chairman - sources

 

MILAN Italian lender Banca Monte dei Paschi di Siena is set to appoint businessman Alessandro Falciai as its new chairman and the decision may be announced this weekend, two sources close to the matter said on Saturday.

05 Nov 2016

Juncker warns European industry not to cut own Brexit deals

 

BRUSSELS European Commission President Jean-Claude Juncker warned European firms he would block attempts to cut special deals with Britain ahead of formal Brexit negotiations.

05 Nov 2016

VW to use tweaked modular platform for two generations - VW brand chief

 

FRANKFURT Volkswagen expects to be able to use its tweaked MQB modular platform for the next two generations of cars, creating substantial cost savings, VW brand chief Herbert Diess said.

Autonomous cars to drive chip sector consolidation says NXP

 

MUNICH NXP Semiconductor , the world's largest chip supplier to the automotive industry, expects efforts to make self-driving cars will lead to more consolidation in its sector, the company's automotive head told Reuters.

05 Nov 2016

Saint-Gobain remains committed to deal to take over Sika

 

ZURICH Saint-Gobain remains committed to its deal to take over Sika by buying out the controlling stake held by the founding family of the Swiss firm, the French company's chief financial officer told Swiss newspaper Tages-Anzeiger.

05 Nov 2016

Oracle says majority of NetSuite holders back acquisition

 

Oracle Corp said on Saturday its proposed $9.3 billion acquisition of cloud storage company NetSuite Inc will move forward after more than half of eligible NetSuite shareholders backed the bid.

05 Nov 2016

EU's Juncker shocked by 'liberal' German commissioner's remarks

 

BRUSSELS European Commission President Jean-Claude Juncker said he was shocked by remarks by Germany's European commissioner that offended China, gay people and French-speaking Belgians this week, but was convinced they do not represent his true views.

05 Nov 2016

India's Tata Motors defends strategy for $1500 Nano car

 

MUMBAI Tata Motors, part of India's Tata group, defended its strategy for producing the $1,500 Nano but shied away from commenting on the loss-making car's future, after the conglomerate's ousted chairman said there were emotional reasons for not shutting down production.

05 Nov 2016

Corolla, Toyota's car for the masses, turns 50

 

TOKYO This weekend marks the 50th anniversary of the Toyota Corolla, one of the world's best-selling cars.

05 Nov 2016

Samsung America says it has replaced most recalled Galaxy Note 7s

 

Samsung Electronics America said on Friday it has replaced nearly 85 percent of all recalled Galaxy Note 7 devices as it works to resolve the issue of fire-prone phones.

04 Nov 2016

Exclusive - Chipotle, Ackman talks intensify with confidentiality agreement

 

BOSTON/LOS ANGELESBillionaire investor William Ackman and Chipotle Mexican Grill have signed an agreement to engage in confidential discussions, a source familiar with the matter said, in a sign that the activist may be able to force change at the burrito chain without a costly and drawn-out proxy contest.

04 Nov 2016

Stocks slip on U.S. election worries; oil prices dip

 

NEW YORK Global equity markets slipped on Friday on investor fears about the outcome of Tuesday's U.S. presidential election, while oil prices fell on worries about surging inventories and whether OPEC members will adhere to planned production limits.

04 Nov 2016

Strong U.S. job growth, rising wages boost December rate hike prospects

 

WASHINGTON U.S. employers maintained a strong pace of hiring in October and boosted wages for workers, which could effectively seal the case for a December interest rate increase from the Federal Reserve.

[interestrateripoff]

"Economics Is Broken And There Is No Internal Incentive To Fix It" - 5 Reasons To Smash The Ivory Towers

 

"I Don't Want To Work 'For' The Government"

 

Protectionism Vs. Corruption: Which Is Worse For The Economy?

 

Goldman Fears "Persistent Headwind To Growth" As State/Tax Revenues Tumble

 

Crushing The $50 Trillion Sideline Cash Conundrum

 

Demystifying The Chinese Yuan

 

Which Government System Is The Best For People's Wealth?

[interestrateripoff]

• 
   
  Live Stock markets rally and dollar jumps after Clinton cleared
   
   
  Shares jump on Wall Street after the FBI says Hillary Clinton still has ‘no case to answer’ over emails
   
  
  • US markets Analysts fear 'volatile' economy – and perhaps recession – under Trump
    
  • Housing market UK house prices surge 1.4%, says Halifax
    
  • Brexit Manufacturers to cut investment over uncertainty
    

   

   

  Stock markets rally and dollar jumps after Clinton cleared

   

  [*]

  • 
     
    Tax havens Treasury tries to thwart EU plans for blacklist
     
     
     
    Treasury tries to thwart EU plans for blacklist
     
    
  • Banking HSBC calls for clarity over status of post-Brexit EU staff
     
     
     
    HSBC calls for clarity over status of post-Brexit EU staff
     
    
  • Price fixing UK online sellers get festive warning
     
     
     
    UK online sellers get festive warning
     
    

  [*]

  • Ryanair Michael O’Leary says air fares could fall 15% this winter
     
     
     
    Michael O’Leary says air fares could fall 15% this winter
     
    
  • Pay gap Top French offices stop work in support of protest
     
     
     
    Top French offices stop work in support of protest
     
    
  • Festive fake Viewers fooled by student's John Lewis ad
     
     
     
    Viewers fooled by student's John Lewis ad
     
    
  • Media Channel 5 reports first back-to-back year of profit
     
     
     
    Channel 5 reports first back-to-back year of profit
     
    
  • Housing market Business chiefs urge government to tackle supply
     
     
     
     
     
    
  • 
    
    • 
       
      Sports Direct MPs claim they were recorded during surprise warehouse visit
       
       
      Business select committee members toured site after company was accused in July of running business like Victorian workhouse
       
      MPs claim they were recorded during surprise warehouse visit
       
      
    • 
       
      Tesco Bank freezes transactions after online attack
       
       
       
      
      • Q&A Tesco Bank fraud: key questions answered
        

       

       

      Bank freezes transactions after online attack

       

     

[interestrateripoff]

Tesco Bank 'hit by sophisticated attack'

 

 

 

 

Tesco Bank's boss blames "a systematic, sophisticated attack" for the money taken from 20,000 customer accounts.

 

• 7 November 2016
  
• From the section Business
  

 

 

Related content

 

 

• Tesco Bank attack: What do we know?
  
• How can you protect your account?
  
• Tesco attack: Thefts erode trust in bank
  
• 'Tesco texted to say fraud on account'
  

 

 

 

 

 

 

MPs say Sports Direct 'bugged' visit

 

MPs from the Business and Skills Committee claim an attempt was made to record private discussions after a surprise visit to Sports Direct's Shirebrook warehouse.

 

• 7 November 2016
  
• From the section Business
  

 

 

Related content

 

 

• Ashley tightens grip at Sports Direct
  
• Sports Direct: Ashley as chief executive is 'bizarre'
  

 

 

 

 

 

Live Business Live: FTSE 100 jumps 1.7%

 

US opens ahead, London's leading shares close strongly, but the pound loses ground; latest updates on the Tesco Bank cyber attack.

 

• From the section Business
  

 

 

 

 

 

BA to add extra seats in economy cabins

 

• 7 November 2016
  
• From the section Business
  

 

 

Brexit must happen on time, May insists

 

• 7 November 2016
  
• From the section UK Politics
  
• comments
  

 

 

HSBC urges clarity on EU nationals

 

• 7 November 2016
  
• From the section Business
  

 

 

 

 

 

EU puts UK-Nissan deal under scrutiny

 

• 7 November 2016
  
• From the section Business
  

 

 

UK halts Facebook's WhatsApp data dip

 

• 7 November 2016
  
• From the section Technology
  

 

 

Single mum's fear as benefit cap starts

 

• 7 November 2016
  
• From the section UK
  

 

 

Architect of euro in stark warning

 

• 7 November 2016
  
• From the section Business
  

 

 

House price inflation 'at three-year low'

 

• 7 November 2016
  
• From the section Business
  

 

 

Current Indian visa system 'good' - May

 

• 7 November 2016
  
• From the section Business
  
• comments
  

 

 

 

 

Also in the News

 

 

 

Meadowhall set for £300m extension

 

• 7 November 2016
  
• From the section Sheffield & South Yorkshire
  

 

 

 

 

Virgin becomes last major UK 4G network

 

• 7 November 2016
  
• From the section Technology
  

 

 

 

 

Features & Analysis

 

 

 

Tesco Bank attack

 

What do we know so far?

 

• 7 November 2016
  
• From the section Technology
  

 

 

 

 

 

Jobs for the girls

 

Why don't more women choose engineering?

 

• 7 November 2016
  
• From the section Business
  

 

 

 

 

 

Sounds far-fetched

 

How one man built a $1.5bn fashion business

 

• 7 November 2016
  
• From the section Business
  

 

 

 

 

 

 

 

Bank fraud

 

How can you protect your account?

[interestrateripoff]

We Almost Have Riots’: Tensions Flare in Silicon Valley Over Growth

 

By DAVID STREITFELD

 

As the region has become more congested and expensive, there are growing demands to rein in the physical space that many technologists call home.

Anthony Cruz for The New York Times

 

The nearly vacant Vallco Shopping Mall in Cupertino, Calif.

 

 

 

 

 

 

 

 

 

• Wall St. Soars After F.B.I. Decision 1:58 PM ET
  

 

The Upshot

 

What the Election Means for the Markets

 

By NEIL IRWIN 2:15 PM ET

 

In the short term, market seem to expect less volatility from a Clinton presidency. But things get more complicated in the long term.

 

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TV Networks Face a Skeptical Public on Election Night

 

By MICHAEL M. GRYNBAUM 12:42 PM ET

 

Traditional network “decision desks” will be joined this year by digital challengers aiming to shed light on an often opaque vote-data process.

 

Warner Bros., Quietly Thriving, Recasts Its Own Story

 

By BROOKS BARNES

 

The studio, overshadowed by its corporate sibling HBO, is widely viewed as an unsteady operation. But it’s on pace to have one of its most profitable years ever.

 

How Comcast and NBCUniversal Used Minions to Fuse an Empire

 

By EMILY STEEL

 

Supporters of the AT&T-Time Warner deal have pointed to the success of a similar one between Comcast and NBCUniversal, where both sides are thriving.

 

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Wall Street Bonuses Are Expected to Sink for 3rd Straight Year

 

By LESLIE PICKER

 

Merger and acquisition talks have been active, but the deals’ advisers get paid on completion. This year, antitrust officials thwarted some large mergers.

 

Why Facebook Showed You That Ad for the Candidate You Hate

 

By JEREMY B. MERRILL 1:51 PM ET

 

The reason you saw a particular campaign ad on Facebook may have nothing to do with your political views, or even your demographic profile.

 

Beware, iPhone Users: Fake Retail Apps Are Surging Before Holidays

 

By VINDU GOEL

 

Hundreds of rogue apps, most of which came from developers in China, have managed to slip through Apple’s review process.

 

China’s Internet Controls Will Get Stricter, to Dismay of Foreign Business

 

By PAUL MOZUR

 

A new law, long expected, pushes back against online anonymity and sets out requirements on how companies store data.

 

Who Wins if California Voters Tax E-Cigarettes?

 

By RACHEL ABRAMS

 

Proposition 56 would tax e-cigarettes in the state for the first time, despite evidence suggesting e-cigarettes are less harmful and may help people quit smoking.

 

 

 

• Sotheby’s Reports $54.5 Million Loss in 3rd Quarter 10:31 AM ET
  
• Volkswagen Emissions Scandal Inquiry Widens to Top Levels
  
• Energy Giants Turn to Drones and Sensors in New Embrace of the Digital World
  
• Bits: The Risk to Civil Liberties of Fighting Crime With Big Data
  
• How to Satirize This Election? Even the Onion Is Having Trouble
  
• Oracle on Track to Acquire NetSuite, a Cloud Storage Company
  

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What will happen to the dollar if Clinton wins the US election?

 

Many think the value of the dollar will initially sink against the currencies of developed countries such as the UK, Japan and Switzerland if Trump edges the contest

 

 

 

 

 

What will happen to the pound after the US election?

 

 

 

 

• Map shows how climate change will hit world's poorest nations hardest
   
  
  
• Theresa May's deal with Nissan put under scrutiny by Brussels
   
  
  
• John Lewis teased 10 seconds of its new Christmas ad
   
  
  

 

 

 

 

 

 

Wine shortage looms after 'catastrophic' harvest

 

'All that was missing was a plague of frogs,' says vineyard owner after frosts, hailstones and thuderstorms destroy crop

 

 

 

 

 

 

Government refuses to guarantee workers' rights after Brexit

 

 

 

 

 

 

Brexit vote will make plane tickets 15% cheaper, says Ryanair boss

 

 

 

 

 

 

Don't cut corporation tax any lower, businesses say

 

A survey by financial services firm PwC found that businesses don't think cuts will help much

 

 

 

 

 

 

 

 

House price growth hits three year low, but buyers still priced out

 

First-time buyers struggle to get onto the property ladder, despite record-low interest rates and government loan subsidies, Halifax said

 

 

 

 

 

 

Lord Mayor finds reasons to be cheerful about post Brexit London

 

The financial centre's chief advocate says the City has come through crises before, but he warns that there is no room for complacency about the current one

 

 

 

 

 

 

 

 

HSBC needs to bring in new blood as profits plummet

 

How you view the latest results depends on whether your glass is half empty or half full, but this is a bank with rather bigger issues to deal with than the latest quarterly numbers

 

 

 

 

 

 

Elon Musk calls for universal income after robots take human jobs

 

'People will have time to do other things, more complex things, more interesting things,' Tesla and SpaceX founder says

 

 

 

 

 

The man who founded the euro has a warning about Europe

 

 

 

 

 

Businesses to slash investment as Brexit political turmoil increases

 

 

 

 

 

 

What we know about the John Lewis Christmas ad so far

 

The countdown for the must-see advert of the Christmas season has begun

 

 

 

 

 

 

 

 

Tesco Bank suspends ‘all transactions’ as 20,000 customers lose money

 

Customers reported seeing as much as £700 disappearing from their accounts

 

 

 

 

 

 

HSBC profits down 86% after big losses from Brazilian bank sale

 

Global bank made £4bn less than in the same period last year

 

 

 

 

 

 

 

Global markets rebound as FBI boosts chances of Clinton victory

 

The value of the Mexican peso has surged

 

 

 

 

 

John Lewis Christmas 'advert' created by student fools internet

 

 

 

 

 

Tesco blocks customer cards after 'suspicious activity' affecting acco

 

 

 

 

 

 

This CV landed me interviews at Google and more than 20 top startups

 

During my senior year of college, I decided that I wasn't going to become another boomerang kid that moved back home, jobless and with no plan for after graduation.

 

 

 

 

 

 

 

These 10 companies control everything you buy

 

Oxfam created a mind-boggling infographic that shows how interconnected consumer brands really are

 

 

 

 

 

Business leaders fear Brexit is in danger of ‘spinning out of control’

 

 

 

 

 

Pound has its best week since 2009

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FTSE ends five-day losing streak, led by mining, bank shares

 

LONDON Britain's top share index ended higher on Monday, with mining companies tracking a rally in metals prices after the FBI again said no charges regarding her email practices would be brought again Hillary Clinton, viewed by markets as a status quo candidate with more predictable policies.

5:23pm GMT

Raid on 20,000 Tesco Bank accounts fuels UK cyber crime fears

 

LONDON Tesco Bank, owned by Britain's biggest retailer Tesco , halted all online transactions on Monday after money was stolen from 20,000 accounts in the country's first such cyber heist.

5:54pm GMT

May offers improved visa deal as India, UK launch trade talks

 

NEW DELHI Prime Minister Theresa May offered India a possible improved visa deal on Monday, as the two countries kicked off talks on boosting trading links ahead of Britain's departure from the European Union.

5:34pm GMT

UK misses out in end-of-year recovery for M&A deals

 

LONDON The value of merger and acquisition deals between UK companies has plunged 62 percent to a 30-year low since the country's vote to leave the European Union, according to Thomson Reuters data.

3:37pm GMT

Reuters poll - Sterling trading around ideal rate for UK economy: economists

 

LONDON/BENGALURU Sterling's near 20 percent plunge following Britain's vote in June to leave the European Union has brought the currency to the ideal rate for the UK economy, according to a Reuters poll of economists taken in the past few days.

3:02pm GMT

Britain chosen as global F-35 fighter component repair hub

 

LONDON Britain said on Monday it had been chosen as a global repair hub providing maintenance, repair, overhaul and upgrade services for F-35 fighter avionic and aircraft components.

1:42pm GMT

HSBC enjoys capital boost, warns of gloomy UK outlook

 

HONG KONG/LONDON HSBC Holdings warned of a dim outlook for its British business next year and urged the government to clarify the status of European Union workers in Britain as Europe's biggest bank grapples with the impact of the vote to leave the EU.

7:47pm GMT

Total says happy to be first Western oil firm to do Iran deal - CNN Money

 

PARIS The boss of French oil and gas company Total said on Monday that it would be happy to be the first Western oil company to reach an agreement with Iran, but he said a deal had not yet been signed.

7:14pm GMT

Russia's economy minister values Rosneft stake for sale at 748.3 billion roubles

 

MOSCOW Russia will sell a state stake in oil giant Rosneft using the firm's share price as of October 11, when it stood at 748.3 billion roubles (£9.46 billion), Economy Minister Alexei Ulyukayev said on Monday.

5:00pm GMT

ECB's Lautenschlaeger 'sceptical' of further policy easing

 

MUNICH The most prominent hawk on the European Central Bank's board defended the bank's ultra-loose monetary policy on Monday, but added that she was sceptical of further interest rate cuts or other forms of easing.

[interestrateripoff]

FTSE ends five-day losing streak, led by mining, bank shares

 

LONDON Britain's top share index ended higher on Monday, with mining companies tracking a rally in metals prices after the FBI again said no charges regarding her email practices would be brought again Hillary Clinton, viewed by markets as a status quo candidate with more predictable policies.

5:23pm GMT

German prosecutors confirm probe targeting VW's chairman

 

HAMBURG German prosecutors confirmed on Monday they are investigating Volkswagen AG's supervisory board chairman over suspected market manipulation, in another blow to efforts to contain fallout from the automaker's diesel emissions scandal.

5:12pm GMT

Russia's economy minister values Rosneft stake for sale at 748.3 billion roubles

 

MOSCOW Russia will sell a state stake in oil giant Rosneft using the firm's share price as of October 11, when it stood at 748.3 billion roubles (£9.46 billion), Economy Minister Alexei Ulyukayev said on Monday.

5:00pm GMT

Russia signs decree to sell 19.5 percent Rosneft stake

 

MOSCOW Russia published a government decree on Monday ordering the sale of a 19.5 percent stake in state-controlled oil giant Rosneft in time for the proceeds to be received by the end of the year.

5:00pm GMT

Vente-privée sees 2016 sales topping $3 billion

 

PARIS French online retailer vente-privée expects 2016 sales to reach about 3 billion euros (£2.67 billion), up from 2 billion in 2015, helped by acquisitions and a revamp of top management after pulling out of the United States, its founder told Reuters.

4:57pm GMT

AccorHotels to buy stake in German boutique hotel chain 25hours

 

PARIS AccorHotels is buying a 30 percent stake in Germany's 25hours Hotels for 35 million euros (£31.19 million), stepping up its expansion in the fast-growing market for "boutique" hotels that shun the replicated styles of mass-market brands.

4:47pm GMT

Greece broadly on track with fiscal targets - EU's Dombrovskis

 

BRUSSELS Greece is broadly on track to meet this year's fiscal targets agreed with its euro zone creditors and its primary surplus goal for next year is also within reach, European Commission Vice President Valdis Dombrovskis said on Monday.

4:17pm GMT

Medium-term Greek debt relief details impossible before 2018, ministers say

 

BRUSSELS The euro zone cannot set the details of medium-term debt relief for Greece now because they will depend on what happens by 2018, the chairman of euro zone finance ministers said on Monday, as pressure grows on the bloc to take decisions this year.

4:17pm GMT

Bulgaria extends deadline again for Sofia airport tender

 

SOFIA Bulgaria has extended the bid deadline for its tender to run Sofia airport by nearly a month to Dec. 14 because of increased interest in the process, the transport ministry said on Monday.

4:09pm GMT

UK misses out in end-of-year recovery for M&A deals

 

LONDON The value of merger and acquisition deals between UK companies has plunged 62 percent to a 30-year low since the country's vote to leave the European Union, according to Thomson Reuters data.

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Indivisible or flexible? Brexit battle looms over EU freedoms

 

BERLIN British businessman Simon Boyd recalls winning a big contract to build an aircraft hangar in France - only to lose it because he couldn't secure the required French insurance in time.

3:08pm GMT

Reuters poll - Sterling trading around ideal rate for UK economy: economists

 

LONDON/BENGALURU Sterling's near 20 percent plunge following Britain's vote in June to leave the European Union has brought the currency to the ideal rate for the UK economy, according to a Reuters poll of economists taken in the past few days.

3:02pm GMT

Hexagon CEO says conscience clear over Norwegian insider trading probe

 

STOCKHOLM Ola Rollen, chief executive of Swedish technology firm Hexagon , denied wrongdoing on Monday and said his conscience was clear after spending more than a week in custody over Norwegian insider trading allegations.

3:00pm GMT

AgBank fine shows China banks still flunking compliance test

 

BEIJING Last week's $215 million (173 million pound) fine for Agricultural Bank of China Ltd (AgBank), the third big Chinese bank disciplined by U.S. regulators in 16 months, shows Chinese lenders still falling short in their compliance duties.

2:55pm GMT

Ryanair lifts passenger growth forecast as price war hits rivals

 

DUBLIN Budget airline Ryanair raised its long-term passenger growth forecast by 10 percent on Monday to 200 million travellers a year by 2024, saying it planned to take advantage as intense fare competition forces higher-cost rivals to retrench.

2:44pm GMT

Brazil says LATAM, IAG airline deal could pose competition problems

 

SAO PAULO Brazil's competition regulator Cade said on Monday that a deal between LATAM Airlines , British Airways and Iberia could have a negative impact on routes between Brazil and Europe.

2:27pm GMT

Russia's Rosneft sells stake in Verkhnechonskneftegaz to Beijing Gas for $1.1 billion

 

MOSCOW Russia's oil giant Rosneft said on Monday it had agreed to sell a 20 percent stake in its subsidiary Verkhnechonskneftegaz to Beijing Gas for around $1.1 billion (£885.45 million).

2:10pm GMT

German banking association calls for extension to Basel IV timetable

 

FRANKFURT The German banking association (BdB) on Monday called for an extension to the timetable to decide on new international banking regulation.

2:01pm GMT

Russia's Sechin to be re-elected Rosneftegaz's board chairman - Interfax

 

MOSCOW Igor Sechin, the head of Russia's oil giant Rosneft will be re-elected as the chairman of the board of the state energy holding Rosneftegaz, Interfax news agency reported on Monday, citing a source familiar with a decree.

1:48pm GMT

Central London house prices fall again in October after Brexit - Knight Frank

 

LONDON The price of central London's most expensive homes fell again in October, continuing a decline which began earlier this year due to increased property taxes and the Brexit vote, a consultancy said on Monday.