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The great interest rate rip off part 10


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Rio cuts 2016 iron ore guidance; Fortescue shipments up

 

SYDNEY Global miner Rio Tinto on Thursday cut its 2016 guidance for iron ore shipments by as much as 5 million tonnes after releasing lower third-quarter production data, citing shipping interruptions.

1:41am BST

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British banks call for end to surcharge on profits amid Brexit uncertainty

 

LONDON British banks are calling for the government to phase out an extra tax on profits at a time of significant upheaval following Britain's vote to leave the European Union and its potential hit to London's financial dominance.

1:24am BST

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Mattel sales beat estimates as Barbie shines

 

Mattel Inc , the largest U.S. toymaker, reported better-than-expected quarterly revenue, driven by strong demand for its flagship Barbie and Fisher-Price brands.

19 Oct 2016

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May says will ensure best possible access to European market

 

LONDON British Prime Minister Theresa May said on Wednesday she would ensure Britain has the best possible access to trade with and operate within the European market after it has left the European Union.

19 Oct 2016

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AmEx raises profit forecast for full year

 

Credit card issuer American Express Co raised its 2016 adjusted earnings forecast and reported better-than-expected third-quarter revenue on Wednesday, sending its shares up 5 percent in extended trading.

19 Oct 2016

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Oil up over 2 percent; U.S. crude at 15-month high on big drawdown

 

NEW YORK Oil prices jumped more than 2 percent on Wednesday, with U.S. crude settling at its highest in 15 months after the government reported a surprisingly large drop in inventories for the sixth week out of seven.

19 Oct 2016

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U.S. oil rises after surprise inventory drop; stocks up

 

NEW YORK Crude oil prices rose to a 15-month high on Wednesday after a surprise U.S. inventory drawdown, boosting energy shares.

19 Oct 2016

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Scots ready to pay into EU budget to keep single market access

 

BRUSSELS The Scottish government believes that contributing to the EU budget might be a price worth paying for keeping Scotland in Europe's single market if the broader British state leaves as part of its Brexit deal.

19 Oct 2016

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Salesforce target Tableau explored sale earlier this year - sources

 

Tableau Software Inc , one of the companies in a leaked list of potential acquisition targets of Salesforce.com Inc , worked with an investment bank to explore a sale earlier this year, according to people familiar with the matter.

19 Oct 2016

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Deutsche Boerse says Clearstream unit named in U.S. case involving Bank Markazi

 

BERLIN Deutsche Boerse said its unit Clearstream will "vigorously" defend itself after being named in a court case in the United States involving Iran's central bank, Bank Markazi.

Transition challenges highlighted as China third quarter income growth slows

 

BEIJING Consumption is driving China's economic growth, but a further slowdown in income growth in the third quarter highlights the challenges to the country's transition away from manufacturing and heavy industry.

7:10am BST

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Fleeing Brexit to Berlin? Beware red tape, startups say

 

BERLIN Despite a slick campaign to lure companies from London to Berlin after Britain voted to leave the European Union, some of those which have moved say it is not as easy as it first appeared.

7:06am BST

Pernod first-quarter sales beat forecasts with U.S., improving China

 

PARIS French spirits group Pernod Ricard posted a stronger-than-expected 4 percent rise in first-quarter underlying sales on Thursday, helped by a strong performance in its top U.S. market and improving demand in China.

6:49am BST

Actelion raises guidance for third time this year on strong PAH sales

 

ZURICH Swiss biotechnology group Actelion again raised its full-year guidance after it boosted nine-month sales 17 percent, driven by strong sales of its pulmonary arterial hypertension (PAH) medicines Opsumit and Uptravi.

6:17am BST

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ChemChina unit's bond volumes spike on takeover debate

 

HONG KONG Bond volumes for ChemChina's subsidiary jumped this month, underlining the market's divided views over the chemical giant's $43.5 billion (35.41 billion pounds) acquisition of Swiss-based seeds company Syngenta and possible merger with China's Sinochem.

5:31am BST

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Australia's Crown says no charges laid against staff held in China

 

PERTH/SYDNEY Australia's top casino company Crown Resorts on Thursday said no charges had been laid against 18 staff detained for alleged gambling crimes in China, as shareholders gathered for a general meeting in the shadow of the legal crisis.

4:31am BST

Singapore firm to launch new funds, boost oil trade in yuan

 

BEIJING Singapore investment firm New Silkroutes Group Ltd is set to launch two new China-focused funds worth $1.6 billion (1.3 billion pounds) in total and is looking to expand its oil trading business with Chinese customers following a restructure.

4:05am BST

German pharma, transport sectors to feel most Brexit pain - study

 

BERLIN Germany's pharmaceutical and transport industries - including the aerospace and rail construction businesses - are likely to suffer most from Britain leaving the European Union, a study showed on Thursday.

4:00am BST

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China war on underground banks uncovers $148 billion in illegal trades - Financial News

 

SHANGHAI China has uncovered over 1 trillion yuan (120.35 billion pounds) worth of illegal transactions by underground banks this year, the official Financial News reported on Thursday, citing a senior official at the foreign exchange regulator.

3:20am BST

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Dudley, in clear signal, expects Fed rate hike this year

 

NEW YORK The Federal Reserve will likely raise interest rates later this year if the U.S. economy remains on track, one of the most influential Fed officials said on Wednesday in perhaps the clearest policy signal yet from the central bank.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

 

 

 

 

Nissan to make Sunderland plant investment decision 'next month'

 

Paul Watson, the leader of Sunderland council, said people are worried about how Nissan’s recent threat to scrap a potential new investment might affect them

 

 

 

 

 

Michael Gove says Mark Carney should ‘curb his arrogance’

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

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

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

British American Tobacco plans $47bn Reynolds merger

 

Deal will create world’s largest cigarette company

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

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

 

Sanders sent a letter to the company co-signed by Representative Elijah Cummings

 

 

 

 

 

 

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

 

The capital’s property values edged up 0.9 per cent in the three months to the end of September, well below the 3 per cent average seen over the last three years

 

 

 

 

 

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

 

 

 

 

 

MPs are right. Sir Philip Green should surrender his knighthood

 

 

 

 

 

 

MetLife cuts ties with Snoopy after 31 years

 

After 31 years, MetLife is leaving Snoopy and the Peanuts Gang behind.

 

 

 

 

 

 

 

 

Mario Draghi dismisses threats to central banks' independence

 

The President of the European Central bank said that he did not feel under pressure, despite growing criticism from politicians of loose monetary policies

 

 

 

 

 

 

UK company moves to EU after Brexit, says it ‘can’t afford to wait’

 

Another concern for the company is the uncertainty surrounding its workforce as it employs over a dozen European staff

 

 

 

 

 

 

 

Mortgage rip-off; Foxtons; Richard Branson: Business news in brief

 

FCA could order compensation for home loans rip-off; Foxtons sales fall: Virgin receives 15,000 applications for train driver job

 

 

 

 

 

Hermes delivery service faces inquiry over low pay allegations

 

 

 

 

 

Barclays is retreating from the world. Britain should welcome that

 

 

 

 

 

 

Trump debate so bad, even bookies have given up on him

 

The Republican was seen as the loser after last night's clash with Hilary Clinton by almost everyone except himself and the odds reflect that

 

 

 

 

 

 

 

Sir Philip Green ‘beat BHS black and blue' say MPs

 

Some 115 MPs will back a move to strip Sir Philip Green of his knighthood

 

 

 

 

 

Tesco executives to face trial in 2017 after accounting scandal

 

 

 

 

 

Nestlé hints at Brexit price rises after pound value crash

 

 

 

 

 

 

Retail sales miss expectations in September

 

Growth was flat in September, following zero growth in August

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mexican peso spikes after US debate as Donald Trump fails to impress

 

The currency isconsidered to be an estimate of Donald Trump’s prospects in the campaign - falling when the Republican candidate advances in polls and gaining when he slumps

 

 

 

 

 

Saudi Arabia issues record £17.5bn of government debt

 

 

 

 

 

Cannabis drug developer GW pharma cancels london stock market listing

 

 

 

 

 

 

Philip Hammond insists Bank of England's independence is safe

 

The move comes following Theresa May’s comments at the Tory party conference that ‘a change has got to come’ to low interest rates

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

UK public finances worsen, adding to Hammond's headache

 

LONDON Britain's public finances showed a much bigger than expected deficit in September, a setback for Chancellor Philip Hammond as he prepares to deliver the country's first budget plans since the Brexit vote.

1:41pm BST

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Dollar hits 8-month high; stocks set for weekly gain

 

NEW YORK The dollar rose to its highest since Feb. 3 against a basket of currencies on Friday as investors increased bets on higher U.S. interest rates, while a measure of world stocks looked set for its first weekly gain in four weeks despite some soft U.S. corporate results.

7:19pm BST

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BAT offers to buy U.S. tobacco firm Reynolds in $47 billion deal

 

LONDON British American Tobacco has offered to buy out U.S. cigarette maker Reynolds American Inc in a $47 billion (£38.45 billion) takeover that would create the world's biggest listed tobacco company with brands including Newport, Lucky Strike and Pall Mall.

4:34pm BST

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Banks warn share tax hike threatens Paris' post-Brexit appeal

 

PARIS A proposed increase in France's share tax flies in the face of efforts by the government and the financial industry to lure banking jobs from London, financial sector lobbies have warned.

7:02pm BST

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AT&T bids for Time Warner, 21st Century Fox not interested - sources

 

AT&T Inc is in advanced discussions to acquire Time Warner Inc, sources said on Friday, a deal that would give the telecom company control of cable channel HBO, the CNN news network, film studio Warner Bros and other media assets.

7:31pm BST

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GE cuts year revenue target on oil, gas weakness, has third quarter profit beat

 

NEW YORK General Electric Co scaled back expectations for its full-year revenue and profit on Friday, overshadowing third-quarter profit that beat analyst forecasts and sending its shares lower.

7:54pm BST

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Fund managers focus on Prime memberships to gauge Amazon rally

 

NEW YORK The strength of Amazon.com Inc's nearly 75 percent rally since February may depend on how many more brown cardboard boxes end up on the doorsteps of U.S. consumers this fall.

7:30pm BST

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Central banks to hear initial verdict on sterling's October 7 crash in November - sources

 

LONDON Officials looking into the factors behind the dramatic fall in sterling on Oct. 7 will issue an initial report to a group of global central banks in early November, sources with knowledge of the investigation said.

2:59pm BST

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Nissan to make Brexit investment decision next month - CEO

 

YOKOHAMA, Japan Japanese carmaker Nissan will decide next month whether to make its new Qashqai model in Britain or elsewhere in the first major investment decision affecting the country's car industry since the vote to leave the European Union.

12:05pm BST

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Burberry and Coach not in active merger talks - sources

 

PARIS Britain's Burberry and U.S. firm Coach > are not in active merger talks, sources familiar with the matter said on Friday, in reaction to a report that suggested the two fashion companies were considering a tie-up.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

EU 'not capable' of signing Canada deal

 

 

 

 

A planned trade deal between the EU and Canada is on the brink of collapse after talks between Canada and a Belgian region broke down on Friday.

 

  • 21 October 2016
  • From the section Europe

 

 

Related content

 

 

 

 

 

 

 

 

Time Warner shares jump on bid rumour

 

Shares in Time Warner, the company behind Game of Thrones-maker HBO, CNN and Warner Bros, jump for a second day on fresh reports of a $73bn-plus tie-up with AT&T.

 

  • 21 October 2016
  • From the section Business

 

 

Related content

 

 

 

 

 

 

 

Live Business Live: Pound continues to drop

 

The pound continues to fall against the dollar as Brexit worries keep biting investors

 

 

 

 

 

 

Bombardier to cut 7,500 more jobs

 

  • 21 October 2016
  • From the section Business

 

 

Online gambling 'shouldn't be a con'

 

  • 21 October 2016
  • From the section Business

 

 

Web attacks briefly knock out top sites

 

 

 

 

 

 

UK tobacco giant BAT targets $47bn merger

 

  • 21 October 2016
  • From the section Business

 

 

Nissan decision 'due next month'

 

 

 

McDonald's sales rise on breakfast rush

 

  • 21 October 2016
  • From the section Business

 

 

Government borrowing rises in September

 

  • 21 October 2016
  • From the section Business

 

 

Jobseekers victims of 'recruitment [problem]'

 

  • 21 October 2016
  • From the section London

 

 

Millions of debit cards 'compromised'

 

  • 21 October 2016
  • From the section India

 

 

 

 

Also in the News

 

 

 

'I return half of what I buy'

 

  • 20 October 2016
  • From the section Business

 

 

 

 

Sales of 'hedonistic' chocolate rise

 

  • 19 October 2016
  • From the section Business

 

 

 

 

Features & Analysis

 

 

 

Robot rage

 

Would you bully a driverless car?

 

  • 21 October 2016
  • From the section Business

 

 

 

 

 

E-state agent

 

The benefits and pitfalls of selling a home online

 

  • 21 October 2016
  • From the section Business

 

 

 

 

 

'I wanted to believe'

 

Your stories of being swindled by internet romance scams

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

Emerging investors try to navigate new normal of slow trade

 

LONDONInvestors' new-found enthusiasm for emerging markets contrasts with the lacklustre state of global trade, historically seen as the engine of developing nation growth, which many say may prove elusive as globalisation slows.

6:34pm BST

Canada walks out of trade talks with "incapable" EU

 

BRUSSELS Canada's trade minister walked out of talks in Belgium on Friday, declaring that the European Union was incapable of sealing a planned transatlantic free trade deal designed to boost growth in both economies.

6:20pm BST

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Ericsson suffers in North America, to cut costs further

 

STOCKHOLM Sweden's Ericsson said sales in North America, its biggest market, had fallen in the past three months, identifying another of its weaknesses after the mobile telecom equipment maker's dramatic profit warning last week.

6:08pm BST

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FTSE steadies near one-week high; BAT slips

 

LONDON Britain's top share index steadied at the close on Friday after hitting a one-week high, with stronger miners following a rally in metals prices offsetting weaker companies such as British American Tobacco .

5:28pm BST

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ECB's Nowotny thinks QE decision due in December

 

VIENNA European Central Bank policymakers are likely to decide at their meeting in December how to proceed with their quantitative easing policy, ECB Governing Council member Ewald Nowotny said on Friday.

5:26pm BST

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Audi to buy back 25,000 diesel Q7 models in U.S. - Der Spiegel

 

FRANKFURT Volkswagen's premium division Audi will buy back 25,000 diesel engined cars in the United States to compensate owners whose cars do not meet exhaust emission standards, German weekly Der Spiegel said on Friday.

5:25pm BST

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Bombardier to cut 7,500 more jobs through 2018, most in rail

 

MONTREAL Canadian plane and train maker Bombardier Inc on Friday announced it was cutting another 7,500 jobs as it tries to right its ailing rail division following years of delays and budget overruns in its aerospace business.

5:21pm BST

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As May debuts in Brussels, EU readies negotiating engine room

 

BRUSSELS When Theresa May met Jean-Claude Juncker in Brussels on Friday, she might just have heard the sounds of carpenters working on new offices for the European Union executive's Brexit negotiators.

4:48pm BST

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WTO's Azevedo says Britain's WTO terms will depend on nature of EU divorce

 

OSLO The terms of Britain's future membership of the World Trade Organization will depend a lot on how it separates from the European Union, the director-general of the WTO said on Friday.

4:35pm BST

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McDonald's U.S. sales revive amid stiff competition

 

McDonald's Corp's turnaround gained momentum in the latest quarter despite intense rivalry in the United States, helped by its all-day breakfast, the "McPick 2 for $2 promotion" and a healthier chicken McNugget, the company said on Friday.

Britain's cane sugar refiner sees only upside to hard Brexit

 

LONDON Once a week, a bulk freighter sails up the River Thames to a refinery in the docks of east London to offload tonnes of brown raw cane sugar - just over half the traffic prior to tighter EU rules introduced in 2009.

4:18pm BST

Russia links BBC to row over Russian TV channel's UK accounts

 

MOSCOW The decision by a British bank to withdraw services from Kremlin-backed Russian broadcaster RT "reeked of" the BBC, a Russian foreign ministry spokeswoman said on Friday, days after warning Russia may retaliate over the row.

4:18pm BST

Banks to get some stability after new loan-loss rules come into force

 

LONDON Banks will get a "period of calm" after new rules forcing them to provision earlier for loan-losses come into effect from 2018, a senior global accounting official said.

4:09pm BST

Exclusive - Altice USA draws up plans for IPO: sources

 

Altice USA, the cable operator that Netherlands-based Altice NV put together by acquiring Cablevision and Suddenlink Communications, is drawing up plans for a potential initial public offering, according to people familiar with the matter.

3:52pm BST

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U.S., UK growth data to give steer on monetary policy

 

LONDON Third-quarter growth figures from the United States and Britain will be scrutinised by financial markets in the week, and a business survey will provide the first evidence on how the euro zone has fared going into the fourth quarter.

3:44pm BST

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Sterling slips back below $1.22 to four-day low

 

LONDON Sterling slipped to a four-day low under $1.22 on Friday, hurt by expectations that Britain's economy is likely to suffer from a hardline stance by the European Union in negotiations on the country's exit from the bloc.

3:41pm BST

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Credit Suisse reaches 109.5 million euro settlement in Italy

 

MILAN/ZURICH Credit Suisse has agreed to pay 109.5 million euros (97.36 million pounds) in taxes and penalties to settle allegations by Italian authorities that it helped clients transfer undeclared funds offshore, the Swiss bank said on Friday.

3:31pm BST

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San Francisco lawsuit, NYC law highlight global risks for Airbnb

 

SAN FRANCISCO/BERLIN Airbnb, the online lodging service that investors now believe is worth $30 billion (24.54 billion pounds), faces a reckoning.

3:25pm BST

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Giant Iceland-UK power cable plan seen facing Brexit delay

 

REYKJANES, Iceland/OSLO Plans to build the world's longest power interconnector from Iceland to Britain could be delayed by Britain's decision to leave the European Union, the head of Icelandic utility Landsvirkjun has told Reuters in an interview.

3:08pm BST

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Euro zone consumer sentiment inches up in October

 

BRUSSELS Euro zone consumer confidence rose as expected to -8.0 points in October from -8.2 in September, the Commission said in its flash estimate on Friday.

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

Burberry and Coach not in active merger talks - sources

 

PARIS Britain's Burberry and U.S. firm Coach > are not in active merger talks, sources familiar with the matter said on Friday, in reaction to a report that suggested the two fashion companies were considering a tie-up.

2:45pm BST

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British investors hold nerve on gold despite price fall

 

LONDON Savers who turned to gold to preserve capital after Britain's vote to leave the European Union look to be keeping faith, even as prices retreated, with some considering further purchases.

2:20pm BST

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Daimler says expects fourth quarter autos profitability to rise significantly

 

FRANKFURT Daimler Chief Financial Officer Bodo Uebber said the profitability of the Mercedes-Benz Cars division will rise significantly in the fourth quarter compared with a year-earlier period, thanks to a raft of new luxury car models.

2:16pm BST

UK engineering company GKN to sell Stromag unit to Altra for 184 million euros

 

Engineering company GKN Plc said on Friday it had agreed to sell its Stromag unit to automobile parts maker Altra Industrial Motion Corp for 184 million euros (163.6 million pounds) in cash.

1:55pm BST

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UK public finances worsen, adding to Hammond's headache

 

LONDON Britain's public finances showed a much bigger than expected deficit in September, a setback for Chancellor Philip Hammond as he prepares to deliver the country's first budget plans since the Brexit vote.

1:41pm BST

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No partner in sight, Twitter faces tough solo choices

 

SAN FRANCISCO/BOSTON The apparent lack of interest in Twitter Inc by potential suitors may force the social media company to consider a route anathema to aspiring tech startups: a major restructuring and cutting some its nearly 4,000 employees.

1:16pm BST

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Mercedes car profits help offset third quarter trucks slump at Daimler

 

FRANKFURT Falling demand for Daimler's trucks prompted the company to lower its revenue outlook for the year, taking the shine off a forecast-beating rise in third-quarter operating profit lifted by higher margins for Mercedes-Benz luxury cars.

1:00pm BST

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Thirty years on from Big Bang, London frets over future

 

LONDON (IFR) - Bang! It was the explosion in financial markets heard across the world 30 years ago which transformed the City of London from a cosy network of long-established firms into a cut-throat landscape dominated by foreign banks.

12:55pm BST

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Burberry shares spike on report of Coach merger interest

 

LONDON Burberry shares rose nearly 5 percent in solid volumes after financial blog Betaville said, citing sources, that rival U.S. luxury goods company Coach was working with investment bank Evercore on a potential merger with Burberry.

12:17pm BST

Macquarie closes its London oil and gas investment desk

 

LONDON Australia's top investment bank Macquarie Group has closed its London-based upstream oil and gas advisory after a sharp drop in global deal making in recent years, banking sources said on Friday.

EU extends LSE-Deutsche Boerse merger review until March 6

 

BRUSSELS EU antitrust regulators have extended their review of the proposed $28 billion merger between of Deutsche Boerse and the London Stock Exchange by three weeks after the exchanges asked for more time.

12:07pm BST

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Nissan to make Brexit investment decision next month - CEO

 

YOKOHAMA, Japan Japanese carmaker Nissan will decide next month whether to make its new Qashqai model in Britain or elsewhere in the first major investment decision affecting the country's car industry since the vote to leave the European Union.

12:05pm BST

Lonmin reaches wage agreement "in principle" with South African union

 

JOHANNESBURG Platinum mining company Lonmin has reached an agreement "in principle" with South Africa's AMCU union over wages and other conditions of employment, its spokeswoman said on Friday.

11:54am BST

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Irish house prices rise at fastest annual pace in over a year

 

DUBLIN Irish property prices rose at the fastest annual pace in over a year in August, the central statistics office said on Friday, after a 1.6 percent month-on-month rise put prices 7.2 percent higher than a year ago.

11:49am BST

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British talks with Nissan ongoing over future investment - PM's spokesman

 

LONDON Talks between the British government and Nissan are ongoing over a future investment from the Japanese carmaker into its plant in Sunderland, northeast England, a spokesman for Prime Minister Theresa May said on Friday.

11:35am BST

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SAP ups 2016 operating profit guidance, expects strong fourth quarter

 

FRANKFURT Europe's biggest software company SAP raised the lower end of its 2016 operating profit forecast range, it said on Friday, anticipating a strong fourth quarter due to healthy orders for its products.

10:35am BST

SAP may mull dividend hike, modest share buyback - CFO

 

FRANKFURT/MUNICH SAP could consider raising its dividend or launching a modest share buyback next year, when it expects to finish paying down its debt from the acquisition of Concur and have more cash available, its finance chief told Reuters in an interview.

10:34am BST

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Accounting watchdog urges Britain to stick with global rules

 

LONDON Britain should not go it alone by adopting its own book-keeping rules after it leaves the European Union, though the global regulations in place could be tailored, the country's accounting watchdog said on Friday.

10:29am BST

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Cautious Western insurers rebuild business ties with Iran

 

LONDON Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions ten months on from the lifting of international sanctions.

10:21am BST

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BOJ Kuroda signals chance of delay in hitting price goal

 

TOKYO Bank of Japan Governor Haruhiko Kuroda said the central bank may push back the timing for hitting its inflation target at this month's rate review, given underlying weakness in price growth.

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

Many central banks against raising price target - BOJ Kuroda

 

TOKYO Bank of Japan Governor Haruhiko Kuroda said on Friday many central banks think their own inflation targets should be maintained at current levels of 2 percent instead of being raised to 3 or 4 percent.

9:56am BST

M&G lifts UK property funds suspension

 

LONDON M&G Investments, a unit of insurer Prudential, will lift the suspension of its M&G Property Portfolio and feeder funds from midday on Nov. 4, the firm said in a statement on Friday.

9:55am BST

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ECB survey sees steady long term inflation expectations

 

FRANKFURT Long-term euro zone inflation projections remain well anchored near the European Central Bank's target, but GDP growth will be weaker than earlier thought, the ECB's Survey of Professional Forecasters showed on Friday.

9:06am BST

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Falling exports and weak household spending seen slowing Japan's third quarter growth - poll

 

TOKYO Japan's exports and household spending were expected to fall in the year to September, a Reuters poll found on Friday, in a sign weakness in external and domestic demand could weigh on economic recovery in the third quarter.

8:44am BST

ZTO spurns huge China valuations for benefits of U.S. listing

 

HONG KONG Chinese logistics company ZTO Express is turning up the chance of a much more lucrative share listing at home in favour of an overseas IPO that lets its founder retain control and its investors cash out more easily.

8:41am BST

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Swiss hope UK will be like-minded ally post-Brexit - NZZ

 

ZURICH Switzerland hopes to have a like-minded ally outside the European Union once Britain leaves the EU, a top Swiss diplomat told the Neue Zuercher Zeitung newspaper.

7:59am BST

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China September home prices rise at record rate, stretching affordability further

 

BEIJING China's new home prices rose in September at the fastest rate on record as buyers rushed to close contracts before new restrictive measures took effect in October.

7:12am BST

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Volvo third quarter core profit in line, sees market slowdown in 2017

 

STOCKHOLM Truck maker Volvo reported a slide in quarterly core earnings on Friday in line with expectations and forecast a decline in truck markets on both sides of the North Atlantic next year.

6:40am BST

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China central bank learns lessons as deflates money market risk

 

SHANGHAI Three years ago, China's central bank engineered a cash crunch to force commercial banks to reduce their reliance on short-term money markets. Interest rates spiked, spooking global markets who feared a banking crisis was imminent.

After Samarco delay, BHP's 'Jac the knife' to step down

 

LONDON BHP Billiton Chairman Jac Nasser, one of the most powerful figures in the mining industry, will retire at next year's shareholder meeting, telling investors on Thursday that after a decade on the board, it was time to step down.

4:43am BST

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Shell sells non-core Canadian oil and gas assets for $1 billion

 

CALGARY, Alberta Royal Dutch Shell Plc said on Thursday it is selling $1.03 billion worth of non-core oil and gas properties in western Canada to Tourmaline Oil Corp , the latest example of the global oil major trimming its operations in the region.

3:00am BST

Altice USA draws up plans for IPO - sources

 

Altice USA, the cable operator that Netherlands-based Altice NV put together by acquiring Cablevision and Suddenlink Communications, is drawing up plans for a potential initial public offering, according to people familiar with the matter.

2:35am BST

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China to invest more than $148 billion in metros by 2020 - state media

 

SHANGHAI China's investment in metro systems is expected to hit more than 1 trillion yuan ($148.28 billion) by 2020, as government planners accelerate approvals for such projects, the state-owned Economic Information Daily reported on Friday.

2:32am BST

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Nintendo slides 6 percent after unveiling 'Switch' game console

 

TOKYO Shares of Nintendo Co Ltd dropped 6 percent in early trade on Friday after the videogame maker unveiled its next-generation gaming console, called the Nintendo Switch.

2:09am BST

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AT&T discussed takeover in meetings with Time Warner - Bloomberg

 

Senior executives of telecommunications company AT&T Inc and media conglomerate Time Warner Inc have discussed various business strategies including a possible merger in recent weeks, Bloomberg reported on Thursday, citing people it said were familiar with the matter.

1:33am BST

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Microsoft shares hit high as cloud business flies above estimates

 

Microsoft Corp said sales of its flagship cloud product doubled in its first quarter, propelling earnings above analysts' estimates and sending its shares to an all-time high, breaking past a level hit in 1999 at the peak of the tech stock bubble.

1:06am BST

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Jaguar Land Rover and Ford test connected cars in Britain

 

LONDON Jaguar Land Rover, Ford and Tata Motors are testing connected cars which can communicate with each other using technology designed to speed up journeys and cut accidents, the first such trials in Britain.

12:26am BST

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Tesla, rivals joust over how to put self-driving cars on the road

 

DETROIT/SAN FRANCISCO Tesla Motors Inc's decision to equip all of its vehicles with self-driving hardware has intensified competition among rival camps of technology and auto companies over what equipment will be on board cars of the future.

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

New Look seeks fashion edge in China with local designs

 

BERLIN/HONG KONG As Europe's fashion giants brace for what could be the toughest leg of their expansion in China, a South African retail tycoon has launched a bold assault on the world’s most populous nation.

12:14am BST

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PayPal's shares rally on revenue beat, margin forecast

 

PayPal Holdings Inc reported a better-than-expected 18.1 percent rise in quarterly revenue and its margin forecast allayed concerns over costs associated with its payment network deals with MasterCard Inc and Visa Inc .

20 Oct 2016

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German economy remains solid despite global weakness - finance ministry

 

BERLIN The German economy should remain on a solid footing in 2016 despite weakness in the global economy, the finance ministry said in its monthly report on Friday, adding that it expects a slight growth in exports over the rest of the year.

20 Oct 2016

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Dollar hits 7-month high on ECB's Draghi, pressures oil, stocks

 

NEW YORK The euro fell to a four-month low against the U.S. dollar on Thursday and the greenback rose to its highest in seven months against a basket of major currencies after the European Central Bank President left the door open to more monetary stimulus.

20 Oct 2016

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Oil down 2 percent, strong dollar knocks U.S. crude off 15-month highs

 

NEW YORK Oil prices settled down more than 2 percent on Thursday, as a resurgent dollar encouraged players to take profit on the previous day's rally that sent U.S. crude to 15-month highs.

20 Oct 2016

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Exclusive - ECB annuls Brussels appointment after complaints of favouritism

 

FRANKFURT The European Central Bank has annulled the appointment of its new Brussels representative after staff complained Stephane Rottier, an advisor to chief economist Peter Praet, had been handpicked for the job, denying other candidates a chance.

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

AT&T Is Said to Be in Advanced Merger Talks With Time Warner

 

By EMILY STEEL, ANDREW ROSS SORKIN and LESLIE PICKER 1:38 PM ET

 

 

A deal would give the giant TV distributor and internet provider a collection of programming like HBO and movies like “Suicide Squad.”

 

 

 

22RETIRING-6-sfSpan.jpg

Jenn Ackerman for The New York Times

 

 

Retiring

 

Migrant Workers in Recreational Vehicles

 

By CHRISTOPHER FARRELL

 

Work camping combines elements of the gig economy, telecommuting and contingent labor, and attracts older adults seeking more money and more meaning from life.

 

 

 

 

 

 

 

 

 

 

 

 

 

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British American Tobacco Offers to Buy Reynolds American

 

By CHAD BRAY 12:45 PM ET

 

The London tobacco giant said it had offered $47 billion in cash and shares for the 57.8 percent of Reynolds American it does not own.

 

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Internet Attack Disrupts Major Websites

 

By NICOLE PERLROTH and ERIN McCANN 2:24 PM ET

 

Users of Twitter, Netflix and other sites reported failures on Friday morning and again in the afternoon, and a major host said it was under attack.

 

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Trade Deal Between Canada and E.U. Appears to Have Collapsed

 

By JAMES KANTER 12:36 PM ET

 

The fate of the agreement has become a symbol of how parochial and globalization concerns are affecting the European Union’s actions on the world stage.

 

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$28 Billion Flows Out of Hedge Funds in Quarter Suffer Biggest Quarterly Outflow Since 2009

 

By ALEXANDRA STEVENSON

 

Under pressure, hedge funds are cutting better deals for those who stick around, a stark change in an industry known for minting billionaires overnight.

 

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Online Lenders Seek to Shape Industry Before Regulators Do

 

By VICTORIA FINKLE

 

The companies, which offer fast access to loans for consumers and small businesses, want to show that they can police themselves.

 

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Nintendo Switch Console Is Met With Skepticism From Investors

 

By JONATHAN SOBLE

 

The game giant’s shares plummeted after it unveiled the all-in-one hardware, which can be played at home or on the go.

 

 

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Fight Between Goldman Sachs and Libyan Fund Shadows Lawyer

 

By ANITA RAGHAVAN

 

For Catherine McDougall, the case showed the lengths that Western firms will go to keep a potentially lucrative client happy and the damage left behind.

 

21DB-FUND-thumbStandard.jpg

I.M.F. Assessment Hints at Internal Struggles

 

By LANDON THOMAS Jr.

 

A recent bout of infighting raises fresh questions about the institution’s culture and its promise to become more transparent.

 

21DB-WELLS1-thumbStandard.jpg

‘Lions Hunting Zebras’: Ex-Wells Fargo Bankers Describe Abuses

 

By STACY COWLEY

 

In legal filings and statements, former employees of the bank said immigrants, older adults, college students and Native Americans were targeted for fake accounts.

 

 

21DYLAN-thumbStandard.jpg

Words Vanish on Dylan’s Website, and a Nobel Mystery Continues

 

By BEN SISARIO 1:49 PM ET

 

First, an announcement about a new edition of Mr. Dylan’s complete lyrics gives a nod to his Nobel. Second, those words disappear. Third, Bob isn’t talking.

 

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In a Promise to Lift a Curse, a Scheme to Steal Chinese Immigrants’ Savings

 

By LIZ ROBBINS

 

On Thursday, the Brooklyn district attorney’s office charged a woman in a so-called “blessing [problem],” a scheme targeting Chinese immigrants.

 

 

 

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

 

 

 

 

10 things you shouldn't buy on Black Friday

 

There are deals to be found on certain Black Friday items, but furniture, new video games and winter clothes aren't among them.

 

 

 

 

 

Comcast (CMCSA) stock declines, increases BuzzFeed investment

 

 

 

 

 

 

 

 

 

 

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’

 

The former Justice Secretary blamed mistakes from experts for ‘wreaking all kinds of economic disasters’

 

 

 

 

 

 

 

 

Sharp rise in public borrowing in September blamed on Brexit vote

 

Public sector borrowing in the month came in at £10.6bn, up from £9.3bn in the same month last year

 

 

 

 

 

 

British American Tobacco plans $47bn Reynolds merger

 

Deal will create world’s largest cigarette company

 

 

 

 

 

Online gambling firms face investigation for cheating customers

 

 

 

 

 

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

 

 

 

 

 

 

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

 

The capital’s property values edged up 0.9 per cent in the three months to the end of September, well below the 3 per cent average seen over the last three years

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

MetLife cuts ties with Snoopy after 31 years

 

After 31 years, MetLife is leaving Snoopy and the Peanuts Gang behind.

 

 

 

 

 

Mario Draghi dismisses threats to central banks' independence

 

 

 

 

 

UK company moves to EU after Brexit, says it ‘can’t afford to wait’

 

 

 

 

 

 

Mortgage rip-off; Foxtons; Richard Branson: Business news in brief

 

FCA could order compensation for home loans rip-off; Foxtons sales fall: Virgin receives 15,000 applications for train driver job

 

 

 

 

 

 

 

Hermes delivery service faces inquiry over low pay allegations

 

‘Individuals cannot be opted out of employment rights and protections, simply by calling them ‘self employed’, HMRC says

 

 

 

 

 

Barclays is retreating from the world. Britain should welcome that

 

 

 

 

 

Trump debate so bad, even bookies have given up on him

 

 

 

 

 

 

Sir Philip Green ‘beat BHS black and blue' say MPs

 

Some 115 MPs will back a move to strip Sir Philip Green of his knighthood

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tesco executives to face trial in 2017 after accounting scandal

 

The trio could face up to 10 years in jail if found guilty of the fraud charge and seven years for false accounting

 

 

 

 

 

Nestlé hints at Brexit price rises after pound value crash

 

 

 

 

 

Retail sales miss expectations in September

 

 

 

 

 

 

Mexican peso spikes after US debate as Donald Trump fails to impress

 

The currency isconsidered to be an estimate of Donald Trump’s prospects in the campaign - falling when the Republican candidate advances in polls and gaining when he slumps

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

AT&T announces $86bn Time Warner deal

 

 

 

 

US telecoms giant AT&T announces that it will buy entertainment group Time Warner for nearly $86bn (£70bn), but the deal still needs regulators' approval.

 

  • 23 October 2016
  • From the section Business

 

 

Related content

 

 

 

 

 

 

 

 

 

Banks 'set to relocate out of UK'

 

Large banks are set to relocate out of the UK early next year over fears around Brexit, says the boss of the British Bankers' Association.

 

  • 23 October 2016
  • From the section Business

 

 

Related content

 

 

 

 

 

 

 

 

Nuisance call bosses face £500,000 fine

 

Company directors could be fined up to £500,000 if their business is behind nuisance phone calls, under government moves to clamp down on the problem.

 

  • 23 October 2016
  • From the section UK

 

 

Related content

 

 

 

 

 

EU hopes to unblock Canada trade deal

 

  • 22 October 2016
  • From the section Europe

 

 

'Smart' devices used in internet attack

 

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

New Climate-Friendlier Coolant Has a Catch: It’s Flammable

 

By DANNY HAKIM

 

 

An alternative to hydrofluorocarbons for use in cars’ air-conditioners has far less impact on global warming but raises concerns about safety as well as cost.

 

 

 

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Brendan Bannon for The New York Times

 

Tubes used for testing at Honeywell’s lab in Buffalo.

 

 

 

 

 

 

 

 

 

 

 

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AT&T Agrees to Buy Time Warner for $85.4 Billion

 

By MICHAEL J. de la MERCED

 

The potential union would probably face heavy scrutiny from government regulators.

 

News Analysis

 

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Regulatory Microscope Lies Ahead for AT&T and Time Warner

 

By LESLIE PICKER and CECILIA KANG

 

The deal will probably face a much sterner regulatory review than the Comcast-NBC Universal merger in 2009.

 

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A New Era of Internet Attacks Powered by Everyday Devices

 

By DAVID E. SANGER and NICOLE PERLROTH

 

The attack on the web’s infrastructure laid bare new vulnerabilities linked to our reliance on cameras, smart thermostats and the rest of the internet of things.

 

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Hackers Used New Weapons to Disrupt Major Websites Across U.S.

 

By NICOLE PERLROTH

 

Users of Twitter, Netflix and other sites reported failures after a company managing crucial parts of the internet infrastructure said it was under attack.

 

Russian Suspected of Hacking U.S. Tech Companies Is Indicted

 

By NICOLE PERLROTH

 

Yevgeniy Aleksandrovich Nikulin, 29, was arrested in Prague this month on charges that he hacked into networks at LinkedIn, Dropbox and Formspring.

 

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Galaxy Note 7 Recall Dismays South Korea, the ‘Republic of Samsung’

 

By CHOE SANG-HUN

 

The withdrawal of the Galaxy Note 7, because it is prone to catch fire, is a source of humiliation to many in a country that had prided itself on the company’s success.

 

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A Constellation of Influencers: Behind the Curtain at Teneo

 

By JULIE CRESWELL and J. DAVID GOODMAN

 

How an advisory firm with roots in the Democratic Party establishment fosters a network of power and politics for the benefit of its clients.

 

Inside Wealth

 

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The Rich Vote Republican? Maybe Not This Election.

 

By ROBERT FRANK

 

In recent decades, voters earning more than $100,000 have favored Republican presidential nominees, but a poll suggests a majority of them plan to support Hillary Clinton in this election.

 

Wealth Matters

 

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Red-Flag Time: Your Broker Offers a Can’t-Miss Sales Contest

 

By PAUL SULLIVAN

 

When brokers try to sell a product like a securities-backed loan, they aren’t being charitable. They are trying to make money.

 

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Airbnb Sues Over New Law Regulating New York Rentals

 

By KATIE BENNER

 

Gov. Andrew M. Cuomo has signed a bill that will impose fines up to $7,500 on hosts who rent out housing for fewer than 30 days.

 

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The Malibu Juice Magnate

 

By WALTER KIRN

 

How Khalil Rafati, a former addict, started a wildly successful SunLife juice chain in Malibu, the toughest of markets.

 

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Luring Chinese Investors With Trump’s Name, and Little Else

 

By NELSON D. SCHWARTZ and SUI-LEE WEE

 

A hotel project in Texas promotes a connection to “the world’s leading developer” and a path to a visa in the United States.

 

Neighborhood Joint

 

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Tony’s Halal Truck Is an After-School Special in the Bronx

 

By ANNIE CORREAL

 

Mohammed Wasifi has become the undisputed king of the food vendors in a corner of the borough, catering to teenagers from nearby high schools.

 

News Analysis

 

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With Europe-Canada Deal Near Collapse, Globalization’s Latest Chapter Is History

 

By PETER S. GOODMAN and JAMES KANTER

 

As the agreement effectively died, it underscored the extent to which trade has become politically radioactive around much of the globe.

 

Retiring

 

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Migrant Workers in Recreational Vehicles

 

By CHRISTOPHER FARRELL

 

Work camping combines elements of the gig economy, telecommuting and contingent labor, and attracts older adults seeking more money and more meaning from life.

 

 

Corruption in China: Crocodile Meat, Jade, Piles of Cash

 

By CHRIS BUCKLEY

 

A documentary series about corruption has been shown on state TV this week to underline that President Xi Jinping is serious about wiping out graft.

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 EU's interests to give Britain tariff-free trade post-Brexit - minister

 

LONDON Britain will have tariff-free trade with the European Union after it leaves the bloc as it is in both sides interests to do so, transport minister Chris Grayling said on Sunday.

10:15am BST

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Banks preparing to leave UK over Brexit, says banking body chief executive

 

LONDON Big international banks are preparing to move some of their operations out of Britain in early 2017 due to the uncertainty over the country's future relationship with the European Union, a top banking official said.

12:03pm BST

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Kaine, Trump, U.S. lawmakers raise concerns over AT&T-Time Warner deal

 

WASHINGTON The telecom-media giant that would be formed if federal regulators approve AT&T Inc's $85.4 billion (69.81 billion pounds) purchase of Time Warner Inc raises antitrust issues, Democratic vice presidential candidate Tim Kaine and several U.S. lawmakers said on Sunday.

4:49pm BST

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Rockwell Collins buys B/E Aerospace for $62 per share

 

Aircraft component maker Rockwell Collins Inc has struck a deal to buy aircraft interior maker B/E Aerospace Inc for $62 per share in cash and stock, the companies said on Sunday.

6:27pm BST

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Greek PPC confirms two bids for stake in power grid operator ADMIE

 

ATHENS Greece's power utility PPC confirmed on Sunday it has received two binding bids for a 24 percent stake in power grid operator ADMIE.

6:34pm BST

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Britain's banks to reveal solid third quarter results, warn of Brexit storm ahead

 

LONDON Britain's major banks are set to report stronger-than-expected results this week, confounding expectations that political and economic upheaval caused by the vote to quit the European Union would immediately squeeze profits.

12:10pm BST

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UK could slash corporation tax to 10 pct if EU blocks Brexit trade deal - Sunday Times

 

LONDON Britain could slash corporation tax to 10 percent if the European Union refuses to agree a post-Brexit free trade deal or blocks UK-based banks from accessing its market, the Sunday Times reported, citing an unidentified source.

11:27am BST

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Saudi Arabia looks to Russia to boost non-OPEC cooperation

 

RIYADH Saudi Arabia's Energy Minister Khalid al-Falih said on Sunday he had invited his Russian counterpart Alexander Novak to meet Gulf Arab energy ministers in Riyadh as part of efforts to cooperate with non-OPEC members to stabilise the oil market.

2:27pm BST

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EU sets Belgium Monday deadline to back Canada trade deal

 

BRUSSELS The European Union has given Belgium until late on Monday to overcome opposition to a free trade deal with Canada from its French-speaking region or a summit to sign the pact that could boost both economies is off, EU sources said on Sunday.

5:21pm BST

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Italy's front line in fight to save banks - a storage room

 

MILAN Storage rooms crammed with loan documents have emerged as a hidden front line in Italy's battle to save its banks from the threat of financial crisis.

Saudi Arabia looks to Russia to boost non-OPEC cooperation

 

RIYADH Saudi Arabia's Energy Minister Khalid al-Falih said on Sunday he had invited his Russian counterpart Alexander Novak to meet Gulf Arab energy ministers in Riyadh as part of efforts to cooperate with non-OPEC members to stabilise the oil market.

2:27pm BST

Saudi's Falih says views closer with Russia on oil market

 

RIYADH Saudi Arabian Energy Minister Khalid al-Falih said on Sunday the points of view between the kingdom and Russia, the world's top oil producer, on the need to stabilize the market "are getting closer."

2:25pm BST

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Output in any oil deal would depend on OPEC accord, talks - Russia

 

RIYADH Russian Energy Minister Alexander Novak said on Sunday that Russia's production level in any accord to shore up prices would depend on the agreement OPEC members struck between themselves beforehand, and on Moscow's discussions with the exporter group.

2:13pm BST

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Britain's banks to reveal solid third quarter results, warn of Brexit storm ahead

 

LONDON Britain's major banks are set to report stronger-than-expected results this week, confounding expectations that political and economic upheaval caused by the vote to quit the European Union would immediately squeeze profits.

12:10pm BST

?m=02&d=20161022&t=2&i=1158548095&w=200&fh=&fw=&ll=&pl=&sq=&r=LYNXNPEC9L0HV

Banks preparing to leave UK over Brexit, says banking body chief executive

 

LONDON Big international banks are preparing to move some of their operations out of Britain in early 2017 due to the uncertainty over the country's future relationship with the European Union, a top banking official said.

12:03pm BST

?m=02&d=20161023&t=2&i=1158574970&w=200&fh=&fw=&ll=&pl=&sq=&r=LYNXNPEC9M06Q

UK could slash corporation tax to 10 pct if EU blocks Brexit trade deal - Sunday Times

 

LONDON Britain could slash corporation tax to 10 percent if the European Union refuses to agree a post-Brexit free trade deal or blocks UK-based banks from accessing its market, the Sunday Times reported, citing an unidentified source.

11:27am BST

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In EU's interests to give Britain tariff-free trade post-Brexit - minister

 

LONDON Britain will have tariff-free trade with the European Union after it leaves the bloc as it is in both sides interests to do so, transport minister Chris Grayling said on Sunday.

10:15am BST

In insurance Big Data could lower rates for optimistic tweeters

 

ZURICH When people take to Twitter to comment on the great evening they enjoyed with good food and wonderful friends, reducing their monthly insurance bill is probably the last thing on their mind.

9:00am BST

AT&T to buy Time Warner for $85 billion, create telecom-media giant

 

NEW YORK AT&T Inc said on Saturday it agreed to buy Time Warner Inc for $85.4 billion (70 billion pounds), the boldest move yet by a telecommunications company to acquire content to stream over its high-speed network to attract a growing number of online viewers.

2:43am BST

Goldman Sachs' Latam investment bank chief to leave-source

 

MEXICO CITY/NEW YORK Martin Werner, co-head of Goldman Sachs' investment banking business in Latin America, will depart the Wall Street bank at the end of this year, according to a person familiar with the situation.

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

AT&T set to announce $85 billion Time Warner purchase

 

NEW YORK AT&T Inc is set to announce as early as Saturday an $85 billion (70 billion pounds) deal to buy Time Warner Inc , sources familiar with the matter said, giving the telecom company control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets.

22 Oct 2016

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Venezuela's Maduro says oil producers close to output cap deal

 

BAKU/DUBAI Venezuelan President Nicolas Maduro was quoted on Saturday as saying that OPEC and non-OPEC nations were "very close" to an agreement on oil production curbs, Azerbaijan's state news agency Azertag reported.

22 Oct 2016

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Canada says up to EU to save free trade deal

 

BRUSSELS Canada said on Saturday it was up to the European Union to save a free trade deal that could boost both economies but that cannot be signed as planned next week due to opposition from Belgium's French-speaking region.

22 Oct 2016

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Trump says will not approve AT&T-Time Warner deal if elected U.S. president

 

Donald Trump, the Republican Party's candidate in the Nov. 8 U.S. presidential election, said on Saturday he would not approve a proposed deal for AT&T Inc to buy Time Warner Inc if he is elected.

22 Oct 2016

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Piech, Porsche families say united behind VW management - Spiegel

 

FRANKFURT The Piech and Porsche families that control more than 52 percent of Volkswagen have vowed to back senior management, setting aside past disputes as the carmaker struggles to overcome an emissions scandal, Der Spiegel reported on Saturday.

22 Oct 2016

Clash at France's Credit Mutuel heats up as part of group votes for autonomy

 

PARIS Credit Mutuel, France's third-biggest cooperative bank, said on Saturday it would examine the consequences of a possible divorce with a group of its regional banks, whose shareholders voted earlier to seek financial independence.

22 Oct 2016

Gagey to be replaced soon as Air France chief-newspaper

 

PARIS Frederic Gagey stands to lose his job as boss of French carrier Air France in early November when its parent Air France-KLM unveils a new strategic plan to the board, daily La Tribune said on Friday.

22 Oct 2016

China Minsheng Investment aims for 1 trillion yuan valuation in three years - SCMP

 

HONG KONG China Minsheng Investment Group (CMIG), the country's biggest private investment group, is targeting a valuation of 1 trillion yuan (120.83 billion pounds) by 2019, the South China Morning Post quoted its president as saying.

22 Oct 2016

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Nordea chairman says merger with ABN Amro would create 'fine bank'

 

HELSINKI A merger between Sweden's Nordea and Dutch state-owned lender ABN Amro would make "a pretty fine bank," and early talks may continue after a March 2017 election in the Netherlands, Nordea chairman Bjorn Wahlroos said on Saturday.

22 Oct 2016

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European Parliament head says will try to save Canada-EU deal

 

BRUSSELS/OTTAWA The head of the European Parliament said late on Friday he would hold emergency talks in a bid to save a free trade deal between the European Union and Canada that looks to be foundering amid protracted disagreements.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Samsung placing product images in Youku videos, targeting Chinese viewers

 

NEW YORK Advertising technology company Mirriad says it is working with Samsung Electronics Co Ltd and China's video site Youku to market Samsung products to Chinese viewers who are gravitating toward streaming video content.

22 Oct 2016

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Russian indicted in U.S. on charges of hacking LinkedIn

 

A federal grand jury in California has indicted a Russian man for hacking computers belonging to LinkedIn Corp, Dropbox and Formspring, the U.S. Justice Department said on Friday.

21 Oct 2016

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New NYC law, San Francisco lawsuit highlight global risks for Airbnb

 

SAN FRANCISCO/BERLIN Airbnb, the online lodging service that investors now believe is worth $30 billion, faces a reckoning.

21 Oct 2016

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Peru protests risk halting one of world's biggest copper mines - MMG

 

LIMA Supplies needed to keep operating one of the world's biggest copper mines, Las Bambas, are running out as access roads remain blocked by protesters in Peru, Chinese-owned miner MMG Ltd said on Friday.

21 Oct 2016

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Bombardier to cut 7,500 more jobs through 2018, mostly in rail

 

MONTREAL Bombardier Inc said on Friday it would cut 7,500 jobs, mostly in its train-making division, in a second round of layoffs announced this year, following extended delays and budget overruns in its aerospace business.

21 Oct 2016

Ex-Pinnacle Financial board member pleads guilty to insider trading

 

An ex-board member at Nashville-based bank Pinnacle Financial Partners Inc pleaded guilty on Friday to charges that he engaged in insider trading based on confidential information he learned about an impending merger, according to court records.

21 Oct 2016

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McDonald's U.S. sales revive amid stiff competition

 

McDonald's Corp's turnaround remained on track in the latest quarter despite intense competition in the United States, helped by all-day breakfast, "McPick" value promotions and chicken McNuggets with simpler ingredients, the company said on Friday.

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

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