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    • Hi all, Many thanks for the advice! Unfortunately, the reply to the email was as expected…   Starbucks UK Customer Care <[email protected]> Hi xxxxxx, We are sorry to read you received a parking charge after using our Stansted Airport - A120 DT store. Unfortunately, the car park here is managed by MET parking. Both Starbucks and EuroGarages who own and operate this site are not able to help and have no authority to overturn any parking charges received. If you have followed the below terms then you would need to send all correspondence to [email protected], who will be able to assist you further. Several signs around the car park clarify the below terms and conditions: • Maximum stay 60 minutes, whilst the store is open. If the store is closed, pay to park applies. • The car park is for Starbucks customers only who make a purchase in our store, a charge will be issued if you left the site. • If you had made a purchase and required additional time, you must have inputted your registration number into the in store iPad which would have extended your stay up to 3 hours • To park in a disabled bay, you must have displayed a valid disabled badge. • If Starbucks was closed, you must have paid for parking as charges still apply, following signage located on site. • If you didn’t use the store, you must have paid for parking, following signage located on site Please ensure all further correspondence is directed to MET parking at the above email address, and accept our apologies that we cannot help you further on this matter.  Kind Regards,  Lora K  Customer Care Team Leader Starbucks Coffee Company, Building 4 Chiswick Park, London, W4 5YE
    • Thanks HB edited and re-uploaded. Thanks for the heads up 👍
    • Am in the middle of selling my house but it's been held up as still showing a change on the property from welcome finance, have not had any contact from them for years or prime credit and need this sorting asap
    • Evening all looking for bit of advice again , currently doing my own debt management , but think may have burgered up on 1 of the creditors (creation loan) had got sold to Intrum around nov 23 and havent paid anything to it since then , it never went to default ( I thought it did  , now checking credit file , intrum is there and says 1 missed payment and doesnt say account defaulted can i let that go and intrum will default it? hope that makes sense what i have said
    • Hi. You've left the PCN number on the 22nd March letter and your name on the one below that. It's best to cover those up please. HB
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    • Hello,

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

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

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    • We have finally managed to obtain the transcript of this case.

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

      Frankly I don't think that is any accident.

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

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

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

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

       

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


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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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Six myths about immigration in the era of Brexit debunked

 

Immigration is an area plagued by emotive arguments, confusion and questionable assertions - more so in the era of Brexit than ever. The immigration expert, Jonathan Portes, attempts to clear some things up

 

 

 

 

 

UK credit rating 'risks being downgraded again'

 

 

 

 

 

 

 

 

 

 

One in three Volvos to be made in China

 

Unveiling two new versions of flagship S90 saloon, chief executive announces production of S90 will soon end in Europe and henceforth be exclusively at their factory in Daqing

 

 

 

 

 

 

China's Geely commits to investment in Britain post-Brexit

 

 

 

 

 

 

Starbucks criticised for 'politicising' coffee with green cup

 

 

 

 

 

 

Pound value rises as Donald Trump poll lead hammers dollar

 

A Washington Post-ABC News tracking poll released showed Donald Trump with a one-point lead over Hillary Clinton, sending investors away from the dollar

 

 

 

 

 

 

 

 

Wetherspoons boss threatens to 'drop EU drinks' over Brexit bullying

 

Tim Martin accuses European Commission President Jean-Claude Juncker of putting EU businesses at risk by telling them not to negotiate with UK companies

 

 

 

 

 

 

Facebook blocks Admiral from reading your posts to price car insurance

 

Algorithm would have judged certain words and punctuation to demonstrate overconfidence, a trait which leads to bad driving

 

 

 

 

 

 

 

 

Donald Trump’s narrow poll lead over Hillary Clinton hits FTSE 100

 

The Vix index – a measure of volatility known as the ‘fear gauge’ – rose to its highest level since the UK voted to leave the EU

 

 

 

 

 

 

Federal Reserve, China, YouTube - Business news in brief 2 November

 

Will US raise interest rates before Trump v Clinton?; China needs $1 trillion of aeroplanes; Germany finally opens music streaming market

 

 

 

 

 

Frankfurt Airport opens up to no-frills flights as Ryanair moves in

 

 

 

 

 

Gawker settles with Hulk Hogan for $31 million

 

 

 

 

 

 

When is Black Friday this year? The best US deals to watch out for

 

Check back for a full list of the best Black Friday sales from across the web

 

 

 

 

 

 

 

 

Sir Vince Cable: British economy ‘will turn nasty next year’

 

‘People think no there's no problem with the economy, but they’re paying more for their food and their petrol and that’s going to hit them next year,’ he says

 

 

 

 

 

 

NIESR forecast inflation to hit 4% next year

 

Consumer price inflation will shoot up to 4 per cent in the second half of 2017 according to the latest forecast from the National Institute of Economic and Social Research (NIESR).

 

 

 

 

 

 

 

Nissan deal 'won't persuade other companies to invest in UK’

 

Investment will decline in the wake of the referendum result, warns man who brought Nissan to Britain

 

 

 

 

 

Times Square art project unites 150 global brands

 

 

 

 

 

CBI slashes 2017 GDP growth forecast to 1.3 per cent

 

 

 

 

 

 

Brexit-backing hedge fund billionaire warns UK economy 'about to crash

 

Crispin Odey backed Vote Leave and made millions as stock market sank after referendum - now he says the economy will shrink and inflation will rise

 

 

 

 

 

 

 

HSBC: Is Clara Furse the right person to chair its retail bank?

 

The former chief executive of the London Stock Exchange showed she has what it takes while running that company. But her record isn't spotless

 

 

 

 

 

Pipeline explosion sparks fears of petrol shortages, surging prices

 

 

 

 

 

HMRC's customer relationship managers need to become tax cops

 

 

 

 

 

 

Sienna Miller and Domhnall Gleeson star in Burberry Christma advert

 

Gleeson stars as Burberry founder Thomas Burberry, with Miller starring as his fictional first love

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The US steel town destroyed by Nafta where Donald Trump is king

 

Scenes from the 1978 movie ‘The Deer Hunter’ were shot against the industrial backdrop

 

 

 

 

 

The highest paid jobs of 2016 have been revealed

 

 

 

 

 

True cost of 'Hard Brexit' increases as the City breaks new records

 

 

 

 

 

 

Savers: stop moaning about low rates. Many people can't save at all

 

The Bank of England's governor Mark Carney has been getting it in the neck over the impact of his low interest rate policy. It might be very much worse for everyone without it, and the interests of savers shouldn't be the Government's priority anyway

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Brexit, Eurozone growth, Coffee: Business news in brief, 1 November

 

US Treasury Secretary urges 'smooth Brexit'; Eurozone growth stable while inflation spikes; Coffee deamnd hits new peak

 

 

 

 

 

 

 

 

Ignore Nielsen's ESPN subscriber numbers, FBR's Crockett says

 

Walt Disney's (DIS) ESPN said Nielsen's report that it had lost an estimated 621,000 subscribers in one month is inaccurate.

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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Gawker and Hulk Hogan Reach $31 Million Settlement

 

By SYDNEY EMBER 32 minutes ago

 

 

In a privacy feud, the former wrestler had been awarded $140 million in damages and the media site was forced to sell itself.

 

 

 

02PORTER-sfSpan.jpg

George Etheredge for The New York Times

 

 

Economic Scene

 

How Waning Competition Deepens Labor’s Plight

 

By EDUARDO PORTER

 

As many markets become more concentrated, America’s competition policy can no longer be understood in the narrow terms of protecting consumers from higher prices.

 

 

 

 

 

 

 

 

 

 

 

 

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Fed Signals It’s on Track to Raise Interest Rates in December

 

By BINYAMIN APPELBAUM 2:18 PM ET

 

The central bank held steady on rates, but its statement reinforced expectations that officials do not plan to wait much longer to raise them.

 

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Volkswagen Abruptly Parts Ways With Historian Who Chronicled Its Nazi Past

 

By ALISON SMALE and JACK EWING 12:54 PM ET

 

A group of prominent academics has accused the company of reverting to secretive ways over its use of forced labor during World War II.

 

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Microsoft Puts Slack in Cross Hairs With New Office Chat App

 

By NICK WINGFIELD 11:30 AM ET

 

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David Chang Bets Big, Using Silicon Valley Money

 

By KATIE BENNER

 

The chef, who has famously relied only on friends and family, has turned to venture capital for his delivery-only project, Ando.

 

 

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Federal Judge Blocks Racial Discrimination Suit Against Airbnb

 

By KATIE BENNER

 

Claims that Airbnb hosts discriminated against customers must be settled in private arbitration because of the service’s user agreement, the judge ruled.

 

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Broadcom to Buy Brocade Communications for $5.5 Billion

 

By CHAD BRAY

 

It is the latest deal in the rapidly consolidating semiconductor sector, where companies are seeking greater scale and a larger array of products.

 

Former BlackRock Fund Manager Pleads Guilty to Insider Trading

 

By CHAD BRAY

 

Mark Lyttleton, who left BlackRock, the world’s largest investment firm, in 2013, was accused by British authorities of trading two stocks using inside information.

 

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Alibaba Earnings Show It Again Defying China’s Slowdown

 

By PAUL MOZUR

 

Advertising helped the e-commerce company overcome slowing sales growth on its platforms, but it still posted losses in newer, growth-oriented businesses.

 

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Clinton-Connected Consulting Firm Sues Republican Strategist Ed Rollins

 

By J. DAVID GOODMAN

 

The lawsuit, filed in New York State by Teneo, claims defamation and breach of contract over comments Mr. Rollins made on a Fox Business program.

 

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Safer to Puff, E-Cigarettes Can’t Shake Their Reputation as a Menace

 

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New Research Center to Explore Ethics of Artificial Intelligence

 

By JOHN MARKOFF

 

The president of Carnegie Mellon University, which will establish the center, said injecting ethical discussions into A.I. is necessary as the technology advances.

 

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YouTube Agrees to Pay Royalties, Ending German Music Dispute

 

By MELISSA EDDY

 

The disagreement between the internet service and Germany’s main music rights organization had restricted access to music videos on YouTube since 2009.

 

 

 

 

Earnings Reports

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Fed holds rates ahead of election

 

 

 

 

The US Federal Reserve leaves rates unchanged but keeps the door open for an increase in December.

 

  • 2 November 2016
  • From the section Business

 

 

Related content

 

 

 

 

 

 

 

 

Gawker settles Hulk Hogan case for $31m

 

The defunct US news website Gawker settles a privacy lawsuit won by retired wrestler Hulk Hogan.

 

 

 

Related content

 

 

 

 

 

 

 

Live Business Live: Oil drops 3%

 

Crude oil prices drop 3% after a record weekly rise in US reserves; Sterling gains against the dollar.

 

 

 

 

 

 

Facebook blocks data for discounts deal

 

  • 2 November 2016
  • From the section Business
  • comments

 

 

Inflation 'set to soar to 4% in 2017'

 

  • 2 November 2016
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  • comments

 

 

UK houses 'now cost six times earnings'

 

  • 2 November 2016
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  • comments

 

 

 

 

 

Asda sorry for dirty delivery crates

 

  • 2 November 2016
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Next sees sales fall sharply again

 

  • 2 November 2016
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UK construction rises despite Brexit vote

 

  • 2 November 2016
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Time Warner boosted by Suicide Squad

 

  • 2 November 2016
  • From the section Business

 

 

Alibaba sets its sights on Singles Day

 

  • 2 November 2016
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Boardrooms 'need more ethnic diversity'

 

  • 2 November 2016
  • From the section Business

 

 

 

 

Also in the News

 

 

 

BA to offer wi-fi on short-haul flights

 

 

 

 

 

China's Alibaba in 'flying pig' controversy

 

  • 1 November 2016
  • From the section China

 

 

 

 

Features & Analysis

 

 

 

'We are owed more'

 

America's coal country feels forgotten by politicians

 

  • 2 November 2016
  • From the section Business

 

 

 

 

 

Facebook face-off

 

Should children ban their parents from social media?

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

Debt squeeze shows pressure on UK retailers

 

BERLIN/LONDON Heavy discounts on debt issued by some big UK retailers reflect growing commercial pressure after Britain's vote to leave the European Union and ahead of the crucial Christmas trading period.

7:58pm GMT

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Global stocks, dollar down on U.S. election worries; oil tumbles

 

NEW YORK Global equity prices and the dollar slid for the second straight day on Wednesday, while safe-haven assets such as gold rallied as investors shunned risk in response to signs the U.S. presidential race was tightening just days before the vote.

7:19pm GMT

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Facebook reports better-than-expected rise in revenue

 

Facebook Inc reported a 55.8 percent rise in quarterly revenue, beating analysts' estimates, as its mobile-advertising sales soared.

8:24pm GMT

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Aligning UK bank rules with EU is best after Brexit - think tank

 

LONDON Britain should focus on convincing the European Union that it will abide by rules that are robust enough for its financial sector to continue serving customers across the bloc after Brexit, a think tank said on Wednesday.

7:04pm GMT

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UK pressing wary banks to deepen trade deals with Iran

 

LONDON Trade between Britain and Iran is beginning to grow but the reluctance of large Western lenders is holding back a major expansion of ties and needs to be resolved, government and finance officials said on Wednesday.

6:15pm GMT

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Fed holds rates steady, sets stage for December hike

 

WASHINGTON The Federal Reserve kept interest rates unchanged on Wednesday in its last policy decision before the U.S. election, but signalled it could hike in December as the economy gathers momentum and inflation picks up.

8:09pm GMT

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Deutsche Bank set to be among hardest hit by new capital rules - sources

 

FRANKFURT Germany's Deutsche Bank is among roughly a dozen large European lenders that face higher capital requirements when new banking rules come into force in the coming years, several sources familiar with the matter told Reuters.

6:01pm GMT

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Chipmaker Broadcom to buy network gear maker Brocade for $5.5 billion

 

Chipmaker Broadcom Ltd said it would buy Brocade Communications Systems Inc for $5.5 billion, pushing deeper into the fast-growing market for network equipment used in data centres.

7:49pm GMT

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Alibaba beats revenue expectations with strong e-commerce, media growth

 

BEIJING Chinese online shopping giant Alibaba Group Holding Ltd reported a 55 percent rise in second-quarter revenue on Wednesday, beating analyst estimates on the back of core e-commerce sales and strong media and entertainment growth.

7:56pm GMT

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Fitbit's holiday-quarter sales forecast misses estimates, shares plunge

 

Wearable fitness device maker Fitbit Inc's revenue forecast for the key-holiday shopping quarter fell well short of analysts estimates, hurt by stiff competition from rival device makers.

Former World Bank director new Seychelles finance minister

 

VICTORIA A former World Bank director became the new finance minister for Seychelles on Wednesday, at a time when the Indian Ocean island nation is seeking to bolster its status as a financial services hub.

7:21pm GMT

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Global stocks, dollar down on U.S. election worries; oil tumbles

 

NEW YORK Global equity prices and the dollar slid for the second straight day on Wednesday, while safe-haven assets such as gold rallied as investors shunned risk in response to signs the U.S. presidential race was tightening just days before the vote.

7:19pm GMT

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Volkswagen board to discuss brand overhaul on Nov. 4 - sources

 

BERLIN The supervisory board of Volkswagen will hold an extraordinary meeting on Friday, Nov. 4, to consult on a wide-ranging restructuring of the carmaker, two supervisory board sources told Reuters on Wednesday.

7:15pm GMT

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Oil prices tumble 3 percent on record U.S. crude build

 

NEW YORK Oil prices tumbled 3 percent on Wednesday after a record weekly build in U.S. crude inventories stoked investor worries about a global supply glut, days after analysts estimated higher monthly OPEC crude output.

7:07pm GMT

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Fujifilm close to deal to buy Takeda research reagent unit - Nikkei

 

Japan's Fujifilm Holdings Corp is in final talks to buy Takeda Pharmaceutical Co's 70 percent stake in Wako Pure Chemical Industries for about 200 billion yen ($1.94 billion), the Nikkei business daily reported on Wednesday.

7:06pm GMT

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Aligning UK bank rules with EU is best after Brexit - think tank

 

LONDON Britain should focus on convincing the European Union that it will abide by rules that are robust enough for its financial sector to continue serving customers across the bloc after Brexit, a think tank said on Wednesday.

7:04pm GMT

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Italy watchdog to summon Monte dei Paschi execs, Passera -source

 

MILAN Italy's market watchdog plans to summon top executives of Monte dei Paschi di Siena and veteran banker Corrado Passera to explain the circumstances that led to Passera dropping his rescue plan for the bank, a source close to the matter said.

6:40pm GMT

Traders keep bets on Fed rate hike later this year

 

U.S. short-term interest rate futures rose slightly on Wednesday after the Federal Reserve decided to keep rates steady for now but set the stage for an interest rate hike in December.

6:28pm GMT

Air France-KLM names new CFO and head of French unit

 

PARIS Air France-KLM on Wednesday named Franck Terner as the new head of its Air France unit, replacing Frederic Gagey as the carrier aims to restore strained relations with unions.

6:18pm GMT

UK pressing wary banks to deepen trade deals with Iran

 

LONDON Trade between Britain and Iran is beginning to grow but the reluctance of large Western lenders is holding back a major expansion of ties and needs to be resolved, government and finance officials said on Wednesday.

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

Irish tax take 1.7 percent ahead of target at end-October

 

DUBLIN Ireland collected 1.7 percent more tax than expected in the year to October, the finance ministry said on Wednesday, but it will likely need strong receipts in the last two months of the year to meet its annual budget deficit target.

6:11pm GMT

Development bank EBRD redefines criteria for transition to market economy

 

LONDON The European Bank for Reconstruction and Development said on Wednesday it had redefined its criteria for determining when a country had completed its transition to a market economy, a change that could affect its future investment decisions.

6:04pm GMT

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Deutsche Bank set to be among hardest hit by new capital rules - sources

 

FRANKFURT Germany's Deutsche Bank is among roughly a dozen large European lenders that face higher capital requirements when new banking rules come into force in the coming years, several sources familiar with the matter told Reuters.

6:01pm GMT

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Automakers are responsible for Takata air bag recalls - NHTSA

 

Automakers have "ultimate responsibility" for the costs of replacing potentially deadly Takata Corp airbags, no matter what happens to the Japanese supplier, the top U.S. vehicle safety regulator said on Wednesday.

5:32pm GMT

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Lufthansa, Ryanair face off in Frankfurt battle

 

PARIS/FRANKFURT Ryanair announced plans to move into Lufthansa's home hub of Frankfurt, stepping up its push into bigger airports and ratcheting up pressure on the German carrier which is expanding its own budget flights.

5:19pm GMT

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Ryanair aims for deal on long-haul feeder flights in 2017

 

FRANKFURT/PARIS Irish low-cost carrier Ryanair aims to strike a deal next year to offer another airline transfer flights for long-haul connections, in what could shake up the hub model at airlines.

5:19pm GMT

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FTSE slips to one-month low on U.S. election jitters

 

LONDON Britain's top share index slipped to a one-month low on Wednesday as global equities suffered from nerves over the upcoming U.S. presidential election and Standard Chartered was hit by broker downgrades.

4:58pm GMT

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German minister reassured over access to Chinese car market

 

BEIJING Germany has received assurances that its car makers will not be discriminated against in China, its economy minister said in Beijing on Wednesday, a positive signal in a visit conducted amid strains in trade ties.

4:56pm GMT

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UK fintech finds EU barriers emerging after Brexit vote

 

LONDON Fallout from the vote to leave the European Union is already threatening the growth of financial technology firms in Britain, industry officials said on Wednesday.

4:31pm GMT

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Britain's Brexit subsidies for carmakers could top wage bills

 

LONDON Compensating carmakers in Britain for any post-Brexit tariffs on exports to Europe could see the government hand the companies more money than they need to pay the salaries of all their British workers, a Reuters analysis of corporate filings shows.

Tesla obliged to pay $1.7 billion to Panasonic for gigafactory cells

 

Tesla Motors Inc had an obligation to pay a total of about $1.7 billion (£1.39 billion) to Japan's Panasonic Corp as of September 30 for electric vehicle battery cells made at Tesla's gigafactory in Nevada, the carmaker said in a regulatory filing.

3:39pm GMT

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Maersk container business sinks to quarterly loss

 

COPENHAGEN A.P. Moller-Maersk , the world's biggest shipping firm, said the container business on which it is staking its future made a loss in the third quarter of the year as freight rates declined further.

3:32pm GMT

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Facebook stymies Admiral's plans to use social media data

 

LONDON British motor insurer Admiral has had to abandon plans to use data taken from Facebook to price insurance premiums for first-time drivers following discussions with the social media firm, an Admiral spokeswoman said on Wednesday.

3:30pm GMT

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Italy's market watchdog fines LVMH executive over Bulgari deal

 

MILAN/PARIS Italy's market watchdog has fined LVMH managing director Antonio Belloni 350,000 euros (£315,170.45) for divulging confidential information to a fund manager before the luxury group's 2011 acquisition of jeweller Bulgari.

3:23pm GMT

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Rosneft may sign deal to sell stake in Verkhnechonskneftegaz to Beijing Enterprises - agencies

 

MOSCOW Russia's Rosneft might sign an agreement next week to sell a 20 percent stake in Verkhnechonskneftegaz, a subsidiary of Rosneft, to Beijing Enterprises Group Company Limited , Russian news agencies reported on Wednesday, citing a source.

3:20pm GMT

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Volvo, Geely to deepen ties, share small car plant

 

SHANGHAI Swedish car maker Volvo announced on Wednesday moves deepening cooperation with its Chinese parent Zhejiang Geely Holding Group Co - a tie-up that's shaping up to show that China can make a success of buying consumer brands.

2:29pm GMT

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Stock exchange chief warns on risk to London's euro business

 

LONDON The European Union is considering a limit on processing euro-denominated security transactions in the United States in a sign of what Britain might face after Brexit, London Stock Exchange Group chief executive Xavier Rolet said on Wednesday.

2:19pm GMT

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Next downbeat on 2017 prospects as third-quarter sales dip

 

LONDON British clothing retailer Next said on Wednesday trading prospects would be tough next year after reporting another dip in quarterly sales, forcing the company to rely on further cost savings to maintain its full-year profit forecast.

1:59pm GMT

Next boss says UK trading environment to remain difficult in 2017

 

LONDON Britain's consumer environment is likely to remain difficult in 2017 as inflation kicks in and real earnings are squeezed, the boss of clothing retailer Next said on Wednesday.

1:59pm GMT

Brexit may undermine sterling's place in world FX reserves

 

(This November 1 story corrects size of UK current account deficit in fourth paragraph to 5.9 percent of GDP from 5.1 percent)

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

Former BlackRock fund manager pleads guilty to insider dealing in UK

 

LONDON A former fund manager at the London division of asset manager BlackRock Inc on Wednesday pleaded guilty to two counts of insider dealing in a London court.

1:31pm GMT

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Security group G4S - revenue growth accelerates in third-quarter thanks to U.S.

 

LONDON British security group G4S reported higher revenue growth in the third quarter helped by a stronger performance in the United States, boosting its shares on Wednesday.

1:23pm GMT

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Best outcome of Brexit talks is to avert it - German experts

 

BERLIN The best outcome of Brexit negotiations between Britain and the European Union would be to keep the country in the bloc, a committee of academic advisers to the German government said in a report on Wednesday.

1:09pm GMT

Millennium & Copthorne's London hotels get a boost from pound's fall

 

Millennium & Copthorne Hotels reported a 28 percent rise in third-quarter profits on Wednesday, boosted by the slump in sterling after Britain voted to leave the European Union which had also attracted more tourists to its London hotels.

12:52pm GMT

OneSavings posts loan book growth, still wary on Brexit impact

 

OneSavings Bank Plc reported a jump in its loan book during the first nine months of the year, but said it would keep lending criteria tight for financing smaller residential developments due to Brexit uncertainty.

12:35pm GMT

German jobless rate hits record low, job vacancies rise

 

BERLIN German unemployment fell more than expected in October, pushing down the jobless rate in Europe's biggest economy to a record low and signalling a likely fourth-quarter boost for private consumption and overall economic growth.

12:07pm GMT

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German October car sales down 5.6 percent, fewer selling days

 

BERLIN German car sales declined 5.6 percent in October from the same month a year earlier, the country's motor transport authority said on Thursday, weighed down by fewer selling days.

12:07pm GMT

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German factory growth close to three-year high in October - PMI

 

BERLIN German manufacturing growth reached an almost three-year high in October as Asian and U.S. demand rose, a survey showed on Wednesday, suggesting the sector will contribute to an expansion in the fourth quarter.

12:07pm GMT

Norway police to decide on Thursday whether to seek longer custody for Hexagon CEO

 

OSLO Norwegian police will decide on Thursday whether to seek to prolong the custody of Ola Rollen, the CEO of Swedish measurement technology firm Hexagon , the police official handling the case told Reuters on Wednesday.

12:03pm GMT

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EU 'bullying' could put Britons off foreign drink, says UK pub boss

 

LONDON A "bullying" approach by European leaders over Brexit risks hurting sales of French wine, German beer and Swedish cider, said the founder of British pubs chain JD Wetherspoon, a prominent "Leave" campaigner.

Norway police to decide on Thursday whether to seek longer custody for Hexagon CEO

 

OSLO Norwegian police will decide on Thursday whether to seek to prolong the custody of Ola Rollen, the CEO of Swedish measurement technology firm Hexagon , the police official handling the case told Reuters on Wednesday.

12:03pm GMT

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EU 'bullying' could put Britons off foreign drink, says UK pub boss

 

LONDON A "bullying" approach by European leaders over Brexit risks hurting sales of French wine, German beer and Swedish cider, said the founder of British pubs chain JD Wetherspoon, a prominent "Leave" campaigner.

11:55am GMT

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Pratt & Whitney says it has won nearly $800 million in contracts from China airlines

 

ZHUHAI, China Engine maker Pratt & Whitney, a unit of United Technologies Corp , said on Wednesday that it had won nearly $800 million (654 million pounds) in contracts from carriers Air China and Shenzhen Airlines to supply engines for their Airbus Group A320ceo aircraft.

11:52am GMT

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China, Russia take step closer to new long-haul jet

 

ZHUHAI, China China and Russia took a step closer on Wednesday to the joint development of a long-haul jet to challenge Boeing and Airbus , displaying a model of the unnamed plane that would compete with Western rivals.

11:52am GMT

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Ryanair to fly from Frankfurt to Spain, Portugal from end-March

 

FRANKFURT Irish low cost carrier Ryanair will start flying from Frankfurt airport to tourist destinations in Spain and Portugal, the airline and airport operator Fraport said on Wednesday.

11:42am GMT

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Ryanair steps up Lufthansa challenge with flights from Frankfurt - source

 

FRANKFURT Irish low cost carrier Ryanair will on Wednesday announce plans to start flying from Frankfurt airport, a source familiar with the matter told Reuters, stepping up competition with Lufthansa on its home turf.

11:42am GMT

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Ryanair says new Frankfurt base not motivated by Brexit

 

FRANKFURT Irish low-cost carrier Ryanair said move to add a base at Frankfurt, Europe's fourth-biggest airport, was not motivated by Britain's decision to leave the European Union.

11:36am GMT

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Irish unemployment rate falls to 7.7 percent in October

 

DUBLIN Ireland's unemployment rate fell to an eight-year low of 7.7 percent in October, data showed on Wednesday, suggesting economic growth remains strong despite uncertainty surrounding Britain's vote to leave the European Union.

11:18am GMT

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KKR no longer in bidding for Japan's Takata - source

 

TOKYO U.S. buyout firm KKR & Co is no longer in the bidding to buy Takata Corp , the Japanese parts maker at the centre of the world's biggest auto recall, according to a person briefed on the bidding process.

11:12am GMT

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Euro zone should reform to maintain ECB-driven upswing - German experts

 

BERLIN Euro zone states should implement structural reforms to sustain the economic upswing driven by the European Central Bank's expansionary policy which should be curtailed as it threatens financial stability, German economic experts said on Wednesday.

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

Ryanair eyes more flights from Frankfurt airport

 

FRANKFURT Ryanair said on Wednesday it hoped to step up the number of flights it offers from Frankfurt airport in the winter of next year.

10:41am GMT

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Hammond wants fiscal headroom in case of Brexit hit - FT

 

LONDON Chancellor Philip Hammond plans to adopt a flexible fiscal framework that would allow the budget deficit to rise should Britain's exit from the European Union hit economic growth, the Financial Times newspaper reported on Wednesday.

10:40am GMT

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Brexit talks must cause as little friction as possible for EU - Merkel

 

BERLIN German Chancellor Angela Merkel said on Wednesday that Brexit negotiations between Britain and the European Union should cause as little friction as possible within the bloc.

10:39am GMT

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After spinoff, Yum China faces uncertain path to revive growth

 

SHANGHAI Yum China Holdings Inc , newly hived off from its U.S. fast food giant parent, faces a tricky battle to revive sales growth in the country, Chief Executive Micky Pant told Reuters, given the strength of its local rivals and a volatile market.

10:37am GMT

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Airbus expects to sell around 670 jets in 2016

 

HONG KONG Airbus expects to sell around 670 aircraft this year, matching its planned deliveries, Mark Pearman-Wright, head of leasing and investor marketing, told the Airline Economics conference in Hong Kong on Wednesday.

10:37am GMT

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IMF could agree new aid programme with Mozambique in Q1, 2017

 

MAPUTO The International Monetary Fund could agree a new aid programme with Mozambique by the first quarter of next year if government pledges to renegotiate loans with creditors and to carry out an debt audit go smoothly, an IMF official said on Wednesday.

10:18am GMT

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Lufthansa CEO says no Italy investment plans, focusing on Air Berlin deal

 

PARIS Lufthansa is focussing talks with Etihad on a wet lease deal with Air Berlin and is not interested in an investment in Italy, the carrier's chief executive said when asked about speculation Lufthansa could invest in Alitalia [CAITLA.UL].

9:54am GMT

German financial watchdog says Basel IV draft bank rules unacceptable for Germany

 

FRANKFURT A new draft of proposed international bank regulation is unacceptable for Germany because the rules might restrict lending by the country's banks, the head of Germany's financial regulatory agency said.

9:52am GMT

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Hugo Boss shares jump on China upturn and wider cost cutting

 

BERLIN Shares in Hugo Boss rose nearly 7 percent on Wednesday after it announced a recovery in sales in China and higher cost savings as new boss Mark Langer sets out to revive the struggling German fashion house.

9:33am GMT

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Builder Persimmon to slow pace of land-buying after Brexit vote

 

LONDON Britain's second-biggest housebuilder Persimmon said it will slow the pace of new land purchases due to the uncertainty likely next year as Britain starts divorce talks with the EU, despite sales rising almost a fifth since the Brexit vote.

Greece's OPAP to revive plans for video lotto after new gaming rules

 

ATHENS OPAP will revive plans to launch a video lottery terminals (VLTs) business, Europe's third largest betting firm said on Wednesday, after Greece's gaming commission approved new rules.

9:19am GMT

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Monthly house price growth runs out of steam in October - Nationwide

 

LONDON British house prices were unchanged in October after rising in monthly terms each of the previous 15 months, mortgage lender Nationwide said on Wednesday, a new sign of the market cooling after the Brexit vote.

9:18am GMT

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Exclusive - Oil CEOs to unveil renewable energy fund in new climate push

 

LONDON Top oil companies including Saudi Aramco and Shell will join forces to set up an investment fund to develop technologies to cut carbon emissions and promote renewable energy, sources said on Wednesday.

9:17am GMT

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UBS hopes short-term investment strategies spur client trading

 

ZURICH UBS , the world's biggest private bank, hopes offering short-term investment strategies will bring wealthy clients, unnerved by economic uncertainty, back into the market.

9:16am GMT

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Kuroda dismisses idea of BOJ buying municipal bonds

 

TOKYO Bank of Japan Governor Haruhiko Kuroda on Wednesday signalled that the central bank's massive asset purchases will continue to focus on government bonds, saying it was difficult to buy municipal bonds given the fairly small market for them.

9:09am GMT

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Worried about yuan drop, Chinese foreign buying binge gives authorities a headache

 

SHANGHAI Wealth managers like Huang Qing are tormenting the authorities in Beijing.

9:08am GMT

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UK rating at risk of downgrade if it gets poor Brexit deal - Moody's

 

LONDON Britain's credit rating is at risk of a downgrade if it fails to preserve core elements of its access to the European Union's single market, ratings agency Moody's said on Wednesday.

8:57am GMT

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Australia budget gets China gift, may save credit ratings crown

 

SYDNEY An odd mix of policy action in China and policy failure at home is proving an unlikely tonic for Australia's growing budget deficit, perhaps even enough to forestall a near-term downgrade of the country's pristine AAA credit rating

8:16am GMT

Shares in Monte dei Paschi suspended from trading after 6 percent drop

 

MILAN Shares in Monte dei Paschi di Siena fell 6 percent in early trade on Wednesday, triggering an automatic trading suspension, after the withdrawal of an alternative rescue plan for Italy's third-largest lender.

8:14am GMT

China debt risks stoke internal debate over lowering 2017 growth goal

 

BEIJING China's growing debt and property risks have touched off an internal debate over whether China should tolerate growth as low as 6 percent in 2017 to allow more room for painful reforms aimed at reducing industrial overcapacity and indebtedness.

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

Valeant in talks to sell Salix stomach-drug unit in $10 billion deal

 

Canada's Valeant Pharmaceuticals International Inc said on Tuesday it is in talks with third parties to sell its Salix stomach-drug business and other assets.

7:50am GMT

Just Eat nudges up full-year revenue and earnings guidance

 

LONDON Takeaway food ordering company Just Eat nudged up its guidance after like-for-like orders grew 34 percent in the third quarter, with more than 80 percent coming from mobile devices.

7:36am GMT

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EasyJet CEO says France demand recovers to pre-attack levels - report

 

PARIS French air travel demand has recovered to levels pre-dating the militant Islamist attacks that took place last November and during the summer of this year, Les Echos newspaper reported on Wednesday citing easyJet Chief Executive Carolyn McCall.

7:23am GMT

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As first cold snap of winter grips China, utilities face coal crunch

 

BEIJING/SINGAPORE As the first major cold snap of the winter grips northern China this week, utilities are desperately trying to overcome a shortage of the coal they need to produce power as customers crank up heating to fight the chill.

6:34am GMT

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Japan's Takeda shares halted on news of interest in Valeant assets

 

TOKYO Trading in shares of Japan's Takeda Pharmaceutical Co was suspended in Tokyo on Wednesday after news the company was interested in buying Canadian drugmaker Valeant Pharmaceuticals International Inc's stomach-drug business.

5:39am GMT

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China hopes Germany's probes into Chinese acquisitions 'an exception'

 

BEIJING China hopes Germany's recent security investigations into proposed acquisitions by Chinese companies are "an exception", a spokesman for the Ministry of Commerce said on Wednesday.

5:10am GMT

China trade will face relatively large downward pressure in fourth-quarter - commerce ministry

 

BEIJING China will face relatively large downward pressure on foreign trade in the fourth quarter, with uncertainties continuing into 2017, the commerce ministry said on Wednesday.

3:52am GMT

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Indonesia, Vietnam look to blaze trail for solar in Southeast Asia

 

SINGAPORE/JAKARTA Indonesia and Vietnam are looking to join Thailand in blazing a trail for solar power in Southeast Asia, introducing targets to fire up green energy generation as a landmark global agreement to curb pollution is set to take effect.

3:22am GMT

Factbox - On the sunny side: Southeast Asian nations push into solar

 

SINGAPORE Indonesia and Vietnam are looking to join Thailand in blazing a trail for solar power in Southeast Asia, introducing targets to fire up green energy generation as a landmark global agreement to curb pollution is set to take effect this week.

3:21am GMT

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Shares of Standard Chartered in Hong Kong drop to two-week low

 

HONG KONG Share of Standard Chartered plummeted over 6 percent in Hong Kong to a two-week trading low after third-quarter results came below forecasts and the company confirmed a Hong Kong investigation.

Texas woman sues over injuries she says caused by Takata airbag

 

SAN ANTONIO A Texas woman has sued American Honda Motor Co Inc. and the U.S. subsidiary of airbag maker Takata Corporation for at least $1 million, claiming that she was badly injured in a low-speed car accident because the propellant in the airbag exploded.

12:54am GMT

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Fall in UK high-street prices eases in October - BRC

 

LONDON Prices in British shops fell at a slower pace in October, potentially paving the way for outright rises early next year as the effect of a weaker currency is felt, the British Retail Consortium said on Wednesday.

12:19am GMT

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Political attacks on Bank of England threaten its independence - NIESR

 

LONDON Attacks on the Bank of England from British politicians threaten the central bank's independence and could ultimately undermine trust in monetary policy, the head of a top research institute said on Wednesday.

12:10am GMT

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UK to announce small fiscal boost, keep spending options open - FT

 

LONDON British Chancellor Philip Hammond will announce only a modest fiscal stimulus in the first post-Brexit vote budget statement later this month but will allow for more aggressive spending in future if needed, the Financial Times reported.

01 Nov 2016

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Saudi Aramco CEO expects oil price rise in 1st-half 2017

 

RIYADH Saudi Aramco expects oil prices to rebound in the first half of 2017 and for demand to remain healthy following two years of painfully low prices, the state-owned producer's Chief Executive Officer Amin Nasser said on Tuesday.

01 Nov 2016

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Tesla says SolarCity would add $1 billion to 2017 revenue

 

SAN FRANCISCO/LOS ANGELES Tesla Motors Inc said on Tuesday its $2.6 billion merger with SolarCity Corp would add over $500 million in cash to the electric carmaker's balance sheet over the next three years, while contributing over $1 billion to revenue in 2017.

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

 

 

 

 

BoE forecasts record inflation overshoot due to Hard Brexit fears

 

The Bank projects consumer price inflation rising to 2.7 per cent in the final quarter of 2017

 

 

 

 

 

What the High Court Brexit decision did to the pound

 

 

 

 

 

 

 

 

 

 

What Brexit legal challenge victory means for the economy

 

Sterling has become easily the most significant barometer of fluctuating market sentiment on the UK’s post-Brexit prospects

 

 

 

 

 

 

Mark Carney says High court Brexit ruling adds to uncertainty

 

 

 

 

 

 

UK services sector hit by fastest ever inflation rise

 

 

 

 

 

 

The Brexit ruling just means more volatility for the stock market

 

Uncertainty in the looks set to looks set to reign as the Government mounts an appeal against the decision on Article 50

 

 

 

 

 

 

 

 

BHS: Pensions Regulator tells Sir Philip Green to pay up

 

Given the political storm surrounding the collapse of BHS, the watchdog had little choice but to act

 

 

 

 

 

 

Domestically-focused FTSE 250 jumps on Brexit ruling

 

The pound has risen the most since August against the dollar after the Government announced it cannot trigger Article 50 without parliament approval.

 

 

 

 

 

 

 

 

Wahaca restaurants hit by norovirus outbreak affecting hundreds

 

'We can confirm a number of our employees and customers have reported becoming ill over the past week', restaurant says

 

 

 

 

 

 

9 out of 10 people back Donald Trump at the bookies as race tightens

 

Paddy Power says 9 in 10 people are backing the Republican candidate in a last minute surge

 

 

 

 

 

Morrisons sales are up thanks to 'best ever Halloween'

 

 

 

 

 

Construction; Next; Persimmon: Business news in brief 3 November 2016

 

 

 

 

 

 

Bank of England to highlight looming Brexit inflation hit for UK

 

Central bank expected to reveal new economic forecasts showing the biggest overshoot of its official 2 per cent inflation target in its modern history

 

 

 

 

 

 

 

 

EU plans new law to take UK’s £440bn derivatives business after Brexit

 

100,000 jobs could go if new regulations are enacted, Xavier Rolet tells House of Lords committee

 

 

 

 

 

 

Facebook and Admiral's insurance data dust up. Which is in the right?

 

Admiral's plan manages to look both sinister and silly but it's a bit rich for Facebook to be casting itself in the role of privacy policeman

 

 

 

 

 

 

 

House prices stagnate amid Brexit uncertainty

 

Lack of supply and record low interest rates prevent values from slipping into reverse

 

 

 

 

 

Gawker settles with Hulk Hogan for $31 million

 

 

 

 

 

When is Black Friday this year? The best US deals to watch out for

 

 

 

 

 

 

One in three Volvos to be made in China

 

Unveiling two new versions of flagship S90 saloon, chief executive announces production of S90 will soon end in Europe and henceforth be exclusively at their factory in Daqing

 

 

 

 

 

 

 

China's Geely commits to investment in Britain post-Brexit

 

Group owns Volvo and the London Taxi Company; currently planning a major investment Midlands to support next generation electric cab

 

 

 

 

 

Starbucks criticised for 'politicising' coffee with green cup

 

 

 

 

 

Federal Reserve, China, YouTube - Business news in brief 2 November

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

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

Bank sees sharp rise in inflation in 2017

 

 

The Bank of England makes a dramatic rise in its inflation forecast, with no rate cut expected in 2016.

 

  • 3 November 2016
  • From the section Business

 

 

Related content

 

 

 

 

 

 

 

 

Metro Bank asks: Mr, Ms, Mrs or Mx?

 

Metro Bank is the latest organisation to let customers choose an honorific that is neither male nor female.

 

  • 3 November 2016
  • From the section Business

 

 

Related content

 

 

 

 

 

 

 

Live Business Live: Brexit ruling boosts pound

 

Pound jumps after High Court ruling that Article 50 needs MPs' approval and Bank of England holds interest rates at 0.25%

 

 

 

 

 

 

Philip Green pension offer £100m short

 

  • 3 November 2016
  • From the section Business

 

 

Google fights EU price comparison case

 

 

 

Pound jumps in wake of Brexit ruling

 

  • 3 November 2016
  • From the section Business

 

 

 

 

 

VW to examine Brazil torture claims

 

  • 3 November 2016
  • From the section Business

 

 

Jamie Oliver to buy back Australian chain

 

  • 3 November 2016
  • From the section Business

 

 

Bank overdraft cap could be re-examined

 

  • 3 November 2016
  • From the section Business

 

 

UK service sector 'moves up a gear'

 

  • 3 November 2016
  • From the section Business

 

 

Egypt allows currency to float freely

 

  • 3 November 2016
  • From the section Business

 

 

Southern strikes set for festive period

 

  • 3 November 2016
  • From the section England

 

 

 

 

Also in the News

 

 

 

US government surveys Nutella fans

 

 

 

 

 

BA to offer wi-fi on short-haul flights

 

 

 

 

 

Features & Analysis

 

 

 

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

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

Spreading the Gospel of Better Retirement Plans

 

By RON LIEBER

 

Short on time and money, small nonprofits often have little of either left for researching and adopting the best savings vehicles for their workers.

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Lisa Haney

 

 

 

 

 

 

 

 

 

 

 

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How the Labor Dept. Keeps Its Economic Data Politics-Free

 

By PATRICIA COHEN

 

Despite what partisans may say, career civil servants who compile employment reports follow ground rules that undermine claims that the results are rigged.

 

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‘Brexit’ Will Require a Vote in Parliament, U.K. Court Rules

 

By STEPHEN CASTLE and STEVEN ERLANGER 10:58 AM ET

 

The High Court decision on negotiations over Britain’s withdrawal from the European Union seemed likely to slow — but not halt — the process.

 

 

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Food Fight Heats Up as America’s Test Kitchen Sues a Founder

 

By KIM SEVERSON 47 minutes ago

 

A lawsuit accuses Christopher Kimball and others of theft in creating a new cooking empire, Christopher Kimball’s Milk Street.

 

 

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Egypt Floats Currency, Appeasing I.M.F. at Risk of Enraging Poor

 

By NOUR YOUSSEF and DIAA HADID 2:43 PM ET

 

The move, which effectively devalues the Egyptian pound, is part of an effort to secure a desperately needed rescue loan from the International Monetary Fund.

 

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Google Rebuts Antitrust Claims in Europe

 

By MARK SCOTT 11:09 AM ET

 

The search giant faces three cases accusing it of hampering consumer choice and crippling competitors, all of which it denies.

 

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Why Light Bulbs May Be the Next Hacker Target

 

By JOHN MARKOFF

 

Wireless “smart” devices may be the tech wave of the future, but researchers have found flaws that let hackers spread malicious code through them.

 

03Volkswagen-web-thumbStandard.jpg

Volkswagen Parts Ways With the Historian Who Chronicled Its Nazi Past

 

By ALISON SMALE and JACK EWING

 

A group of prominent academics has accused the company of reverting to secretive ways over its use of forced labor during World War II.

 

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Graphic: Explaining Volkswagen’s Emissions Scandal

 

By GUILBERT GATES, JACK EWING, KARL RUSSELL and DEREK WATKINS

 

Volkswagen has admitted that 11 million of its vehicles were equipped with software that was used to cheat on emissions tests. The company is now contending with the fallout.

 

02votehack1-thumbStandard.jpg

Five Possible Hacks to Worry About Before Election Day

 

By DAVID E. SANGER

 

Rigged election? Not likely. But much can go wrong, from hacking the voter rolls to slowing the internet on Nov. 8. And the N.S.A. has its eyes on Russia.

 

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Collusion Caused Dodgers TV Blackout, Justice Department Says

 

By RICHARD SANDOMIR

 

The government accuses DirecTV of making moves that corrupted negotiations.

 

03FACEBOOK-thumbStandard.jpg

Facebook Defies Social Media Gravity With User and Profit Growth

 

By MIKE ISAAC

 

The social network remained strong, topping 1.79 billion monthly visitors and nearly tripling its profit, to $2.38 billion, in the third quarter.

 

03PRINCE-thumbStandard.jpg

Universal’s Deal for Prince’s Song Rights May Bring a Wider Audience

 

By BEN SISARIO

 

The first major deal for Prince’s music has been reached, with star’s songwriting rights going to the Universal Music Publishing Group for an undisclosed sum.

 

 

 

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

BoE ditches rate cut signal after Brexit hit to sterling

 

LONDON The Bank of England scrapped its plan to cut interest rates, which it said could now move up or down, and raised its forecasts for 2017 growth and inflation sharply due to the slide in sterling since Britain's vote to leave the EU.

5:59pm GMT

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BoE's Carney says decision to stay to 2019 was 'relatively straightforward'

 

LONDON Bank of England Governor Mark Carney said it was a "relatively straightforward" decision to stay at the central bank an extra year until the end of June 2019, by which point the government hopes Britain will have left the European Union.

6:05pm GMT

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Global stocks slip on U.S. election nerves, pound up on Brexit ruling

 

NEW YORK Global equity prices drifted lower on Thursday as worries about the U.S. presidential election continued to weigh on investor sentiment, while sterling rose after a UK court ruled that the British government needed parliamentary approval to trigger Brexit.

7:19pm GMT

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Google formally rejects EU antitrust charges

 

BRUSSELS Google on Thursday formally rejected European Union antitrust charges of unfairly promoting its shopping service and blocking rivals in online search advertising, paving the way for EU regulators to rule next year on these issues and potentially impose hefty fines.

4:21pm GMT

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VW makes 'substantial progress' toward 3.0 litre diesel agreement - judge

 

U.S. District Judge Charles Breyer said on Thursday that Volkswagen AG has made substantial progress in talks with the U.S. Justice Department and other government agencies toward resolving the fate of about 80,000 polluting diesel 3.0 litre vehicles.

3:59pm GMT

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Orange CEO ordered to testify in Lagarde case - sources

 

PARIS Prosecutors have ordered the head of France's biggest telecoms firm to testify in IMF chief Christine Lagarde's trial over a 400 million-euro (£358.36 million) state payout to businessman Bernard Tapie in 2008, sources said.

4:24pm GMT

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L'Oreal third-quarter sales beat forecasts, helped by North America

 

PARIS Cosmetics giant L'Oreal said on Thursday the make-up market was booming as it posted stronger-than-expected sales growth in the third quarter, driven by a "substantial acceleration" in North America and market share gains.

6:53pm GMT

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French banks set the European pace in trading rebound

 

LONDON French banks made the most of a third quarter surge in financial market trading, cashing in on a spike in volumes and volatility to outperform most of their larger European rivals.

4:54pm GMT

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Abbott offers EU concessions over $25 billion St Jude deal

 

BRUSSELS Medical device maker Abbott Laboratories has offered concessions in an attempt to secure EU antitrust approval for its $25 billion (£21 billion) bid for St Jude Medical Inc , according to the European Commision.

4:45pm GMT

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Bank of Italy urges small cooperative banks to merge quickly

 

ROME Italy's central bank said it hopes that reforms passed earlier this year to force small cooperative banks to join forces, would lead to a swift and drastic reduction in their numbers.

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

Central banker urges Europe to specify debt relief measures for Greece

 

ATHENS Central bank governor Yannis Stournaras said on Thursday Greece's European partners must urgently outline debt relief measures to help boost economic recovery and facilitate its return to financial markets in 2018.

5:53pm GMT

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British Land to sell stake in London's 'Cheesegrater' - source

 

British Land Company Plc , one of London's biggest office landlords, is looking to put its 50 percent stake in the "Cheesegrater" skyscraper in the financial district up for sale, a person familiar with the matter told Reuters.

5:19pm GMT

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Fitbit selloff spreads to GoPro ahead of quarterly report

 

SAN FRANCISCO Investors on edge about GoPro's slumping sales ahead of its quarterly report on Thursday appeared even more anxious following fellow consumer gadget maker Fitbit's dismal revenue forecast late the day before.

5:18pm GMT

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Drop in Facebook's stock makes for good time to connect - analysts

 

Facebook Inc's shares fell as much as 5.5 percent in early trading on Thursday, wiping out about $20 billion (£16.11 billion) of market value.

5:16pm GMT

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AXA nine-month revenue edges higher, solvency ratio dips

 

PARIS AXA , France's biggest insurer, reported a marginal increase in revenue for the first nine months of the year, with stronger property and casualty premiums helping to offset weakness in life insurance and asset management.

5:08pm GMT

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FTSE falls after UK government loses Brexit ruling, BoE decision

 

LONDON Britain's top share index fell on Thursday after the government lost a court case on how to trigger the process for leaving the European Union and the Bank of England shifted away from cutting interest rates further.

4:59pm GMT

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Ameriprise Financial joins race to buy UniCredit's Pioneer - sources

 

MILAN U.S. financial services company Ameriprise Financial has joined the race to buy asset manager Pioneer Investments, which has been put on the block by Italy's biggest bank UniCredit , two sources close to the matter said on Thursday.

4:57pm GMT

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French banks set the European pace in trading rebound

 

LONDON French banks made the most of a third quarter surge in financial market trading, cashing in on a spike in volumes and volatility to outperform most of their larger European rivals.

4:54pm GMT

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Abbott offers EU concessions over $25 billion St Jude deal

 

BRUSSELS Medical device maker Abbott Laboratories has offered concessions in an attempt to secure EU antitrust approval for its $25 billion (£21 billion) bid for St Jude Medical Inc , according to the European Commision.

Former Anglo Irish Bank chairman on trial over huge personal loans

 

DUBLIN The former chairman of the failed Anglo Irish Bank went on trial on Thursday on charges of misleading auditors about personal loans worth tens of millions of euros, in one of the most high profile prosecutions related to Ireland's 2008 banking crisis.

4:27pm GMT

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Orange CEO ordered to testify in Lagarde case - sources

 

PARIS Prosecutors have ordered the head of France's biggest telecoms firm to testify in IMF chief Christine Lagarde's trial over a 400 million-euro (£358.36 million) state payout to businessman Bernard Tapie in 2008, sources said.

4:24pm GMT

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Google formally rejects EU antitrust charges

 

BRUSSELS Google on Thursday formally rejected European Union antitrust charges of unfairly promoting its shopping service and blocking rivals in online search advertising, paving the way for EU regulators to rule next year on these issues and potentially impose hefty fines.

4:21pm GMT

Fintech firms pose no risk to financial system G20 watchdog says

 

LONDON Financial technology firms seeking to shake-up traditional banking pose no immediate risk to the financial system although their development needs to be carefully monitored, a global watchdog said on Thursday.

4:20pm GMT

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Goldman, JPMorgan, Morgan Stanley defeat appeal over Facebook IPO

 

NEW YORK Goldman Sachs Group Inc, JPMorgan Chase & Co and Morgan Stanley need not forfeit their estimated $100 million (£80.55 million) of profit from trading Facebook Inc stock soon after underwriting its May 2012 initial public offering, a federal appeals court said on Thursday.

4:14pm GMT

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Renault-Nissan's Ghosn says mini-hybrids could compete in Europe

 

PARIS Renault-Nissan's new gasoline-electric hybrid technology would be competitive in Europe, Chief Executive Carlos Ghosn said on Thursday, as carmakers turn away from diesel for smaller vehicles

4:04pm GMT

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Strong Hermes sales confirm China-fuelled luxury revival

 

PARIS Hermes confirmed stronger-than-expected global demand for luxury goods on Thursday, joining industry leader LVMH and Gucci owner Kering in outshining third quarter results forecasts.

4:00pm GMT

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VW board to discuss cost cuts on Friday, deal may be weeks away

 

HAMBURG/BERLIN Volkswagen's leaders will meet on Friday to discuss prospects for cost cuts and investments, the carmaker's second-largest shareholder said, although a final deal between management and labour leaders may still be weeks away.

3:59pm GMT

VW makes 'substantial progress' toward 3.0 litre diesel agreement - judge

 

U.S. District Judge Charles Breyer said on Thursday that Volkswagen AG has made substantial progress in talks with the U.S. Justice Department and other government agencies toward resolving the fate of about 80,000 polluting diesel 3.0 litre vehicles.

3:59pm GMT

New Adidas CEO acts to reshape Reebok, support growth

 

BERLIN The new boss of Adidas announced plans on Thursday to overhaul its struggling Reebok fitness brand and keep up the focus on reviving the main Adidas business in North America as he dampened expectations for 2017.

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

Norwegian police to release Hexagon CEO Rollen from custody

 

OSLO Norwegian police will release the chief executive of Swedish measurement technology firm Hexagon from custody no later than Saturday, Senior Public Prosecutor Marianne Bender said on Thursday.

3:53pm GMT

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Risks of ultra-easy ECB policy increasingly clear - Weidmann

 

AMSTERDAM/FRANKFURT European Central Bank policymaker Jens Weidmann called on Thursday for "patience" with bank monetary policy, warning that extraordinary stimulus loses its effect over time while increasing stability risk.

3:52pm GMT

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Exclusive - Tobacco treaty leaders propose barring delegates linked to state firms

 

NEW YORK/NEW DELHI The leadership of a World Health Organization (WHO) treaty on tobacco control has proposed barring delegates with ties to state-owned tobacco firms from its conference next week, tightening its application of rules to shut out the industry from policy making.

3:46pm GMT

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Emerging markets to see fourth year of net capital outflow in 2017 - IIF

 

LONDON Emerging markets will see net capital outflows in 2017 for the fourth year in a row, the longest stretch on record, but the projected $206 billion (£165.93 billion) will be much less than the $373 billion (£300.44 billion) expected this year, a report said on Thursday.

3:33pm GMT

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German finance minister plans to clamp down on offshore firms with new draft law

 

BERLIN German Finance Minister Wolfgang Schaeuble wants to force Germans to disclose their dealings with offshore firms in tax havens and make banks liable for lost tax income if they conceal their clients' business with such firms, a draft law shows.

3:24pm GMT

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Dollar recovers from multi-week lows on poll showing Clinton lead

 

NEW YORK The U.S. dollar stabilized from multi-week lows against a basket of major currencies on Thursday on reduced U.S. election fears after a poll showed U.S. Democratic presidential candidate Hillary Clinton maintained a narrow lead, while the Mexican peso rallied.

3:18pm GMT

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SocGen beats forecasts in bumper quarter for trading

 

PARIS Societe Generale's shares rose more than 6 percent on Thursday after a bumper quarter for the French bank's trading business helped to produce stronger-than-expected results.

2:52pm GMT

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'Weekend in Frankfurt?' - Paris perfects its pitch for London bankers

 

PARIS In the battle to attract Brexit-wary bankers fleeing London, the man in charge of Paris' charm offensive thinks he has the pitch that rivals can't match.

2:39pm GMT

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Highlights - Bank of England's Carney speaks following rates decision

 

LONDON Bank of England Governor Mark Carney gave a news conference on Thursday after the Monetary Policy Committee scrapped plans to cut interest rates and said they could move in either direction, as it ramped up its forecasts for growth and inflation.

2:25pm GMT

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Credit Suisse surprise profit falls flat on long recovery road

 

ZURICH Credit Suisse shares slumped on Thursday after a surprise third quarter profit failed to match some investor expectations following strong results from U.S. rivals, while others cashed in on a recent stock price rise.

Credit Suisse says to sell client relationships to Bank CIC

 

ZURICH Credit Suisse has agreed to sell an unspecified number of client relationships to Credit Mutuel-owned [bFCM.UL] Bank CIC (Switzerland), a spokeswoman for Credit Suisse told Reuters on Thursday.

2:23pm GMT

Shawbrook says net loans rise, impact from Brexit minimal

 

Shawbrook Group has seen continued demand for property finance and consumer loans after Britain's vote to leave the European Union, though demand from small and medium sized firms (SMEs) is lower than last year, it said on Thursday.

2:21pm GMT

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UK watchdog to review free-in-credit banking

 

LONDON Britain's financial watchdog will take a fresh look at free-in-credit banking and caps on overdraft fees after lawmakers slammed a competition review for failing to shake up high street lending and protect vulnerable customers.

2:14pm GMT

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Air France-KLM seeks to fight back with cheaper, long-haul brand

 

PARIS Air France-KLM will launch a new long-haul business with lower costs, the Franco-Dutch airline said on Thursday, aiming to regain market share from Gulf rivals and revive profits without further straining relations with staff.

2:14pm GMT

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Development bank EBRD warns of 'scary' Brexit hit to growth

 

LONDON The European Bank for Reconstruction and Development has warned of a potentially "scary" economic hit to its bloc of countries if Britain's exit from the European Union goes badly and fuels a backlash against market economy reform.

1:35pm GMT

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Carney - broad-brush view of economy hasn't changed

 

LONDON The Bank of England's "broad-brush" view of the British economy's progress in the next few years has not changed despite bumping up its growth forecasts for 2017, Governor Mark Carney said on Thursday.

1:22pm GMT

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Service sector thrives but price pressures spiral - PMI

 

LONDON The sharpest one-month build-up of inflation pressures in at least 20 years accompanied another growth spurt by British services firms in October, according to a survey which further dimmed the chance of a Bank of England interest rate cut on Thursday.

1:17pm GMT

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BoE lowers size of gilt reverse auctions to 1.0 billion pounds

 

LONDON The Bank of England said on Thursday it would continue bond purchases for another three months until it reaches its target of 435 billion pounds, but would lower the size of each buy back to 1.0 billion pounds.

1:16pm GMT

Pound's fall more important for inflation than strong economy - BoE's Carney

 

LONDON Bank of England Governor Mark Carney said on Thursday the fall in sterling since June's Brexit vote had more significant implications for inflation than strong growth in the economy for the rest of 2016.

1:16pm GMT

Deutsche Bank's sale of stake in Hua Xia gets watchdog's nod

 

FRANKFURT Deutsche Bank's sale of a 20 percent stake in Chinese peer Hua Xia to PICC Property and Casualty has received regulatory approval, Germany's flagship lender said on Thursday.

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

Deutsche Bank's sale of stake in Hua Xia gets watchdog's nod

 

FRANKFURT Deutsche Bank's sale of a 20 percent stake in Chinese peer Hua Xia to PICC Property and Casualty has received regulatory approval, Germany's flagship lender said on Thursday.

12:34pm GMT

Kitchen supplier Howden Joinery shares fall as UK sales growth slows

 

Howden Joinery Group Plc shares fell more than 9 percent after the kitchen supplier posted a slowdown in revenue growth in its UK market for the second half of the year.

12:32pm GMT

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Saudi economy avoids crisis but outlook murky for deficit, growth

 

RIYADH Saudi Arabia has avoided an economic crisis due to low oil prices this year but the outlook for state finances and growth will remain murky for many months to come, businessmen and analysts in the kingdom say.

12:28pm GMT

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Euro zone house prices keep rising but no bubble yet - ECB

 

FRANKFURT The euro zone housing market is on its best run since the global financial crisis but prices on average are still only in line with fundamentals with no sign of a bubble last seen in 2007, the European Central Bank said on Thursday.

12:20pm GMT

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Jaguar Land Rover agrees inflation-beating UK pay deal - source

 

LONDON Jaguar Land Rover agreed a pay deal with its car workers which will beat inflation, pay a higher holiday bonus and an extra lump sum, a source said, in a sign of the pressure facing firms as the cost of living rises after Brexit.

12:12pm GMT

Smith & Nephew revenue up two percent, at bottom end of forecasts

 

LONDON Artificial hip and knee maker Smith & Nephew reported a 2 percent rise in underlying quarterly revenue to $1.12 billion (£902.13 million), towards the bottom of forecasts, after sales grew only 2 percent in the United States and stalled in other established markets.

12:08pm GMT

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RSA sees underwriting profit at record level so far this year

 

LONDON British insurer RSA is likely to show record underwriting profits for the first nine months of 2016 and is planning to sell or reinsure 1 billion pounds worth of legacy UK business, chief executive Stephen Hester said.

11:56am GMT

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UK mid caps outstrip blue chips by most since April 2009

 

LONDON A ruling that the British government had to consult parliament on triggering Brexit spurred the biggest outperformance of domestically focused UK midcaps over the bluechip FTSE 100 since April 2009.

11:45am GMT

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Hermes enjoys small rise in third-quarter sales

 

PARIS French luxury goods group Hermes on Thursday saw a slight acceleration in sales growth in the third-quarter to 8.8 percent at constant exchange rates, up from 8.1 percent in the previous three months.

11:40am GMT

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Germany pushes China to help its firms do business

 

CHENGDU, China German Economy Minister Sigmar Gabriel urged the Chinese government on Thursday to reduce barriers for German firms wanting to do business there and establish a level playing field.

Demand for airline wifi helps Inmarsat grow in third quarter

 

LONDON British satellite company Inmarsat reported a rise in third-quarter revenue and earnings, helped by increasing demand from airlines for onboard wifi and services to governments, lifting its shares more than 10 percent on Thursday.

11:02am GMT

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Trade minister Fox says can transition EU trade deals into UK agreements

 

LONDON Britain will be able to transition European Union trade agreements with third countries into UK agreements when it leaves the bloc, trade minister Liam Fox said on Thursday.

10:34am GMT

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Morrisons recovery stays on track with record Halloween

 

LONDON Morrisons , Britain's fourth-biggest supermarket chain, kept its recovery on track with a fourth straight quarter of underlying sales growth, helped by a record Halloween, more price cuts and the launch of a premium range.

10:31am GMT

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Glencore narrows EBIT trading view and pares oil output plans

 

LONDON/BENGALURU Glencore on Thursday narrowed its expectations for pre-tax profit from trading on Thursday and lowered its oil production plans as the mining and trading firm waits for "a stronger price environment".

10:29am GMT

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Euro zone unemployment at 10 percent in September

 

BRUSSELS Euro zone unemployment was 10.0 percent in September, unchanged from a downward revised 10.0 percent in August and in line with expectations, the European Union's statistics office said on Thursday.

10:28am GMT

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ECB to tighten collateral rules

 

FRANKFURT The European Central Bank tightened its collateral acceptance rules on Thursday and revised haircut regulations, applying more stringent criteria on a range of assets, including certain asset-backed securities.

10:25am GMT

SVPGlobal puts UK packaging group Linpac up for sale - sources

 

FRANKFURT Buyout group SVPGlobal has put UK food packaging group Linpac up for sale in a potential 500 million euro (£447.95 million) deal led by investment bank Rothschild, several people close to the matter said.

10:22am GMT

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After spinoff, Yum China faces uncertain path to revive growth

 

SHANGHAI Yum China Holdings Inc , newly hived off from its U.S. fast food giant parent, faces a tricky battle to revive sales growth in the country, Chief Executive Micky Pant told Reuters, given the strength of its local rivals and a volatile market.

10:19am GMT

French financial prosecutor says HSBC should stand trial over tax fraud

 

PARIS France's financial prosecutor has requested a trial for HSBC Holdings and its Swiss private banking unit on suspicions it helped customers dodge taxes in 2006-2007, a source familiar with the matter told Reuters.

10:02am GMT

ECB's Villeroy tells banks and insurers to prepare for hard Brexit

 

PARIS Euro zone banks and insurers need to prepare in case Britain opts for so-called hard Brexit where it loses access to EU financial markets, ECB policymaker Francois Villeroy de Galhau said on Thursday.

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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Sirius raises $1.2 billion for UK fertiliser project backed by Australian magnate

 

LONDON Sirius Minerals the UK company behind plans to mine the world biggest underground deposit of polyhalite, a fertiliser, has completed the first $1.2 billion (0.97 billion pound) phase of its fund-raising, it said on Thursday.

9:44am GMT

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China October data seen offering more signs of stability, room for reforms

 

BEIJING A flurry of data from China in the coming weeks is expected to reinforce views that the world's second-largest economy is stabilising, despite stubbornly weak exports and worries that a property boom is peaking.

9:42am GMT

Shares in British insurer esure drop 27 percent after Gocompare demerger

 

LONDON Shares in insurance provider esure plunged 27 percent on opening on Thursday following completion of its demerger with price comparison website Gocompare

9:29am GMT

EDF postpones restart of its Bugey 4 and Gravelines 2 reactors - RTE

 

PARIS French utility EDF has postponed restarting its 900 megawatt/hour Bugey 4 and Gravelines 2 nuclear reactors to Dec. 31 from Nov. 30, French grid operator RTE said on its website on Thursday.

9:28am GMT

Ireland's eir says York Capital completes stake sale

 

DUBLIN York Capital Management has completed the sale of its 9.8 percent stake in Irish telecoms firm eir, eir's Chief Executive Richard Moat said on Thursday.

9:27am GMT

New Adidas CEO announces plans to overhaul Reebok

 

BERLIN The new boss of Adidas announced plans on Thursday to overhaul struggling fitness brand Reebok, including cuts at its Boston base and store closures, and also predicted the sale of its golf business by the end of the year, albeit at a loss.

9:22am GMT

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Euro zone recovery on track but faces risks - ECB

 

FRANKFURT The euro zone economy should continue to expand at a moderate and steady pace but this outlook is subject to downside risks, primarily from sluggish global growth and political uncertainty, the European Central Bank said on Thursday.

9:11am GMT

Coca-Cola HBC posts lower third-quarter sales on tough comparisons

 

LONDON Coca-Cola HBC reported lower quarterly sales volumes on Thursday, as poor weather in parts of Europe made for a tough comparison with strong performance a year ago.

8:48am GMT

Coca-Cola HBC CEO says open to deals for water, juice, territory

 

LONDON European drinks bottler Coca-Cola HBC is open to acquisitions of juice and water brands or new territories, its chief executive said on Thursday, following the release of first-half results.

8:48am GMT

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French tax body to decide on Socgen Kerviel affair 'within days'

 

PARIS State tax experts will decide "within days" whether a 2.2 billion euros (2 billion pound) tax deduction granted to Societe Generale after losses caused by its rogue trader Jerome Kerviel should be reclaimed, France's finance minister said on Thursday.

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

Schroders third-quarter assets under management boosted by market, FX gains

 

LONDON Schroders , Britain's biggest independent listed fund manager, reported a 9.1 percent rise in third-quarter assets on Thursday, boosted by investment and currency gains after a slide in the value of sterling.

8:44am GMT

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Swiss offer tough Brexit lessons for Britain's banks

 

ZURICH As Britain's banks make their case for retaining unrestricted access to the single European market after Brexit, the efforts of their Swiss counterparts offer little cause for optimism.

8:35am GMT

UK small energy supplier OVO Energy raises prices

 

LONDON OVO Energy, one of the independents challenging Britain's "Big Six" energy suppliers, has increased its price for dual gas and electricity monthly bills by 8.7 percent, it said on Thursday.

8:33am GMT

Tate & Lyle lifts full-year expectations after strong first half

 

LONDON British ingredients supplier Tate & Lyle raised its full-year profit forecast on Thursday after a better-than-expected first half, helped by strong demand for soft drinks in the United States and a weak British pound.

8:26am GMT

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Randgold flags dividend increase as third-quarter output rises

 

LONDON Randgold Resources Ltd said on Thursday it was on track to raise dividends by the end of the year and to support three new projects should gold prices stay near current levels.

8:18am GMT

JRP Group plc posts 54 percent rise in third-quarter total sales

 

LONDON British annuity provider Just Retirement Group on Thursday reported a 54 percent rise in total sales for the quarter to September 30 against the same period last year, beating analyst forecasts.

8:13am GMT

UK construction firm Morgan Sindall seeing no Brexit impact

 

LONDON British construction company Morgan Sindall said orders for rail and urban regeneration projects and shop fitting work had been strong since July, and Britain's vote to leave the EU had not impacted its business.

8:06am GMT

Gambling firm GVC to pay 10 euro cents per share special dividend in February

 

Gambling company GVC Holdings Plc said it intends to pay a special dividend of 10 euro cents per share for financial year 2016 in February next year.

8:05am GMT

Regus says quarterly growth slows to 3.8 percent

 

Office space provider Regus Plc curbed its expansion plans on Thursday, as it noted a slowdown in revenue growth rate in the third quarter.

8:04am GMT

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China calls another meeting to take coal miners to task for price rally

 

BEIJING China's state planner has called coal producers to a meeting on Thursday, its fourth last-minute gathering with the industry in two weeks, to admonish them for not doing enough to calm the red-hot market, according to a document seen by Reuters.

Buying the dip - China land kings see opportunity as prices cool

 

HONG KONG As China's property market shows signs of softening, the country's resurgent 'land kings' say they are ready to seize on any price weakness to buy more building plots - a conundrum for policymakers grappling with a toxic mix of risks in the sector.

6:22am GMT

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Irish October services sector growth slowest since May 2013 - PMI

 

DUBLIN Growth in Ireland's services sector fell to a fresh 3-1/2-year low in October as Britain's decision to leave the European Union continued to weigh on new orders, a survey showed on Thursday.

6:11am GMT

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Fitbit forecasts dismal holiday quarter, shares sink

 

Wearable fitness device maker Fitbit Inc's revenue forecast for the key-holiday shopping quarter fell well below of analysts' estimates, hurt by soft demand and production issues related to its new Flex 2 wristband.

3:20am GMT

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Automakers are responsible for Takata air bag recalls - NHTSA

 

Automakers have "ultimate responsibility" for the costs of replacing potentially deadly Takata Corp airbags, no matter what happens to the Japanese supplier, the top U.S. vehicle safety regulator said on Wednesday.

3:03am GMT

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China services sector grows at fastest pace in four months in October - Caixin PMI

 

BEIJING China's services sector grew at the strongest pace in four months in October as new business picked up, encouraging companies to hire more workers, a private survey showed.

2:41am GMT

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Chipmaker Broadcom to buy network gear maker Brocade for $5.5 billion

 

Chipmaker Broadcom Ltd said it would buy Brocade Communications Systems Inc for $5.5 billion (4 billion pounds), pushing deeper into the fast-growing market for network equipment used in data centres.

2:10am GMT

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Aligning UK bank rules with EU is best after Brexit - think tank

 

LONDON Britain should focus on convincing the European Union that it will abide by rules that are robust enough for its financial sector to continue serving customers across the bloc after Brexit, a think tank said on Wednesday.

1:08am GMT

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Facebook warns growth will slow, shares dip

 

Facebook Inc shares tumbled 7 percent in after-hours trading on Wednesday as the world's largest online social media network warned that revenue growth would slow this quarter, offsetting strong earnings that handily beat Wall Street estimates.

12:53am GMT

Jacobs Douwe Egberts agrees to buy Singapore's Super Group for $1.05 billion

 

SINGAPORE Coffee company Jacobs Douwe Egberts BV (JDE) has agreed to buy Singapore-listed instant food and beverage firm Super Group Ltd for S$1.45 billion ($1.05 billion), according to stock exchange filings on Thursday.

12:47am GMT

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Fed holds rates steady, sets stage for December hike

 

WASHINGTON The Federal Reserve kept interest rates unchanged on Wednesday in its last policy decision before the U.S. election, but signalled it could hike in December as the economy gathers momentum and inflation picks 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

Eisai latest cancer drugmaker to win UK approval after price cut

 

LONDON Cancer drugmakers are cutting prices to ensure their medicines are used routinely on Britain's National Health Service, following the overhaul of a cancer drug funding scheme, with Japan's Eisai the latest to win approval.

12:10am GMT

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UK third housebuilding plans show no impact of Brexit vote - industry data

 

LONDON British housebuilders have not scaled back construction plans in the three months since the country voted to leave the European Union, data showed on Thursday, despite central bank forecasts for a sharp slowdown in housing investment.

12:04am GMT

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SEC probes Wells Fargo over sales-practice disclosures - WSJ

 

The Securities and Exchange Commission (SEC) is probing whether Wells Fargo & Co violated rules around investor disclosures and other matters relating to its recent sales tactics scandal, the Wall Street Journal reported on Wednesday.

02 Nov 2016

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UK pensions regulator targets Green for BHS redress

 

LONDON Britain's Pensions Regulator on Wednesday formally began "enforcement action" against Philip Green, the former owner of BHS, to plug a hole in the collapsed department store's pension fund, saying the billionaire had failed to provide a credible offer.

02 Nov 2016

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VW board to discuss brand overhaul on Nov. 4 - sources

 

BERLIN Volkswagen's supervisory board will hold an extraordinary meeting on Friday, Nov. 4, to consult on a wide-ranging restructuring of the carmaker, two sources close to the board told Reuters on Wednesday.

02 Nov 2016

Economists see Argentina 2017 inflation at 19.7 percent - central bank poll

 

BUENOS AIRES Argentina's consumer prices will rise by 19.7 percent in 2017, according to a central bank poll of 56 economists published on Wednesday, a slight drop from median expectations in last month's survey but still higher than the central bank's target.

Passive Negligence

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

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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