Archive for the February 22, 2018
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Britain's FTSE 100 outperformed its European peers on Wednesday as solid earnings from Glencore and Lloyds gave a boost to miners and financial shares, helping lift the blue-chip index into positive territory after earlier losses.
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South Africans were hit by the first sales tax increase since apartheid when the country's finance minister delivered a tough budget on Wednesday, dampening optimism spurred by the country's new reformist president. President Cyril Ramaphosa
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Australian wages rose a fraction faster last quarter but private-sector growth stayed near historic lows as penny-pinching by business became an ever-greater deadweight on consumer spending and inflation. The local dollar eased 0.1 percent to
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Britain's jobless rate rose for the first time in almost two years at the end of 2017 and pay growth remained modest, keeping the Bank of England waiting for an acceleration in wages that would
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Lloyds Banking Group on Wednesday said that its net profit soared 52 percent last year, when the UK lender returned fully to the private sector following a state bailout. LBG, which was financially rescued by
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The EU on Wednesday hit four maritime car transporters with a 395-million-euro fine as well as slapping penalties on auto parts manufacturers including Germany's Bosch and Continental. An investigation by the bloc found that Chilean
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Singapore-based Broadcom said Wednesday it was cutting its offer price for mobile chip maker Qualcomm in the wake of the US firm's increased bid for Dutch rival NXP. Broadcom reduced its offer to $79 a
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Eurozone business growth remained robust this month, with companies at their most optimistic in more than five years, a private-sector survey showed, despite indications higher prices and a stronger currency were taking a toll. The
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Workers at the world's largest carmaker Volkswagen said Wednesday they had secured a big pay bump, in line with the rest of Germany's powerful metalworking sector. "After a long night of talks we've achieved a
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China was Germany's top trading partner again in 2017, steaming past the United States for the second consecutive year, official German data showed on Wednesday. The trade figures also showed that Germany exported less to
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