What to watch as global earnings season gets into full swing

What to watch as global earnings season gets into full swing

By Phil Serafino Will the recent hurricanes pummel earnings in the third quarter? How will geopolitical tensions and the U.K.’s messy divorce from Europe affect the outlook of global companies? And can anything derail America’s stock market rally? Investors await...
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Trump considers Fed’s Powell, economist Taylor to lead central bank

Trump considers Fed’s Powell, economist Taylor to lead central bank

WASHINGTON: President Donald Trump is considering nominating Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor for the central bank’s top two jobs, in an apparent bid to reassure markets and appease conservatives hungry...
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Tenants ‘unfairly miss out on credit’

Tenants ‘unfairly miss out on credit’

Tenants’ regular rent payments should be recorded on their credit score and used as proof to lenders that mortgage demands can be met, MPs are to be told. At present, mortgage applicants are unable to rely on rent payment history...
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‘Huge business rate rise’ for small firms

‘Huge business rate rise’ for small firms

Image copyright Getty Images More than 56,000 small businesses in England will face steep tax rises next year, research indicates. Business rate increases will total £152m in April, rates specialist CVS said, putting a heavier burden on firms already reeling....
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Is now the time to raise interest rates?

Is now the time to raise interest rates?

Image copyright AFPImage caption Is the economy moving fast enough to bear a rate rise? It’s been 10 years since the UK last saw interest rates rise. Back then, the iPhone had only just been unveiled, Twitter was a one-year...
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General Electric cuts profit outlook ahead of turnaround plan

General Electric cuts profit outlook ahead of turnaround plan

Image copyright EPA General Electric has slashed its profits guidance after posting a quarterly loss due to weak trading in two key divisions. The industrial group it unveiled a 5% fall in third quarter earnings to $1.8bn, sending its shares...
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BMW headquarters searched by EU investigators

BMW headquarters searched by EU investigators

Image copyright EPAImage caption EU officials inspected the Munich offices this week BMW has confirmed its head office was searched this week by European Union officials investigating an alleged cartel among five German carmakers. EU investigators are looking ...
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Police conduct inquiries into Royal Bank of Scotland unit

Police conduct inquiries into Royal Bank of Scotland unit

Image copyright AFP Police are looking into the treatment of customers by a division of RBS which was set up to help companies in trouble, the BBC has learnt. GRG was the part of the bank tasked with helping small...
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Kobe Steel uncovers more evidence of quality mistakes

Kobe Steel uncovers more evidence of quality mistakes

Image copyright Reuters Scandal-hit Kobe Steel has found fresh evidence of mistakes with data on the quality of its products. The Japanese company said it had uncovered a new case of fake data involving steel, and had also halted some...
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New Great Western Railway trains fixed after software upgrade

New Great Western Railway trains fixed after software upgrade

Image copyright GWR New trains which were taken out of service after problems hampered their first days in use, have been fixed. They were stopped on Wednesday with issues including water leaking from air conditioning systems on to commuters. On...
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Pied Piper of Dalal Street says money not source of happiness

Pied Piper of Dalal Street says money not source of happiness

The man who has minted money with both hands in the Indian stock market says wealth is important but is not the source of all happiness. Rakesh Jhunjhuwala, often referred to as the Warren Buffett of Dalal Street, says money...
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