Archive for  September 2019
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London's FTSE 100 index hit a near-two-month high on Friday, outperforming European peers, as exporters were bolstered by an ailing pound after a Bank of England policymaker hinted at an interest rate cut, while hopes
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Saudi Arabia said Friday it was offering tourist visas for the first time, opening up the ultra-conservative Islamic kingdom to holidaymakers as part of a push to diversify its economy away from oil. The kingdom
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Profits at China's industrial firms contracted in August, reversing the previous month's brief gain, as weak domestic demand and the trade war with the United States weighed on corporate balance sheets. Industrial profits fell 2%
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Eurozone economic sentiment plunged in September as trade tensions depressed confidence in industry, official data showed on Friday, although morale improved in services, dispelling concerns of spillover to the bloc's largest economic sector. The European
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European Union commissioners-designate said the bloc should agree on a digital tax if no deal on the matter was reached at a global level by the end of next year, ramping up pressure on multinationals
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Wells Fargo on Friday named Charles Scharf as its chief executive, making good on a promise to appoint an outsider as it tries to pivot from a number of scandals. Scharf, who has been chief
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Turkey's tourism minister said Friday he was unconcerned by the collapse of British tour operator Thomas Cook as he unveiled ambitious plans to make the country one of the world's top holiday destinations. "Nobody should
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Petrol station owners in Lebanon on Friday suspended a strike and said they reached a deal with the government allowing them to pay suppliers in Lebanese pounds, following complaints over a shortage in dollars. The
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A French commercial court on Friday ordered the shutdown of Aigle Azur, putting the 1,150 employees of the country's second-biggest airline out of work after last-minute takeover offers failed to pass muster. "No long-term solution
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US consumer spending barely rose in August and business investment remained subdued amid lingering trade tensions, prompting economists to slash their economic growth estimates for the third quarter. The reports on Friday from the Commerce
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