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Economy

A professor at the London School of Economics (LSE) has been appointed to the Bank of England's monetary policy committee - now split on the path for interest rates . This was well in excess of the BOE's 2% goal and the central bank's own forecasts. "My pessimism regarding Brexit has not moved much: I think it will have a negative impact on the United Kingdom economy and Europe more generally", Tenreyro said.
  • Equiniti Group (LON:EQN)

    Economy

    BNP Paribas set a GBX 640 ($8.10) target price on shares of Tate & Lyle PLC and gave the stock a sell rating in a research note on Saturday, May 20th. It has underperformed by 16.70% the S&P500. SuperGroup Plc designs, produces and sells clothing and accessories under the Superdry brand in approximately 670 points of sale across the world, as well as online.
  • UK hope for Brexit deal like 'no other'

    Economy

    UK Brexit minister David Davis and EU Commission chief negotiator Michel Barnier will meet at the European Commission in Brussels to formally start the highly anticipated talks that will determine exactly how the divorce will work. A key issue he did not mention was the EU's bill for Britain to leave, which Brussels estimates at a colossal 100 billion euros. In the past few days, the softly spoken Hammond, whose future as Chancellor seemed to hang in the balance before May lost ...
  • U.S. stocks open lower after Fed rate hike

    Economy

    Traders tracked by the Chicago Mercantile Exchange don't expect the Fed to raise rates in September or December. The vote in favor of the hike was unanimous. Germany's DAX index is up 0.4 percent and Britain's FTSE 100 0.1 percent. The pan-European STOXX 600 index dropped 0.5 percent, led lower by the basic resources and oil and gas sectors, as the stronger dollar weighed on metals prices.
  • Brexit talks begin in Brussels

    Economy

    Prime Minister Theresa May facing huge political challenges at home following an election which saw her Conservative party lose its majority in Parliament . Monday's talks however are likely to focus on the practical details of timings for the coming months, with the big, divisive issues left aside for now, officials said.
  • Amazon to buy Whole Foods Market

    Economy

    Charlie O'Shea, a Moody's lead retail analyst, told the Associated Press news agency that the deal could be "transformative, not just for food retail, but for retail in general". In May, under pressure from Jana Partners, Whole Foods replaced five board members and its chief financial officer. Marc Perrone, head of the United Food and Commercial Workers International Union, which represents millions of grocery workers, said that Amazon's "brutal vision for retail is one where ...
  • Foreign investors bet billions on China blue-chips joining MSCI index

    Economy

    China's securities regulator vowed last week to stick to capital market reforms regardless of whether the country's A-shares are included in the MSCI Emerging Market Index. The trading link provides a low-priced conduit for RQFIIs, including ETFs, to gain direct access to A-shares, as it does not require a license or quota.
  • London fire death toll rises to 79

    London fire death toll rises to 79

    Economy

    British officials have ordered a review of other buildings that have had similar renovations. "We need to find out precisely what cladding was used and how it was attached". Hands cautioned that officials don't yet have exact details about the renovation that ended just a year ago. He told ITV: "Occupy it, compulsory purchase it, requisition it - there's a lot of things you can do".
  • AOPA expresses concern about Trump's ATC plan

    AOPA expresses concern about Trump's ATC plan

    Economy

    Currently, air traffic control is handled by the FAA's more than 13,000 licensed controllers, who are located across the United States at regional control centers. "We look forward to reviewing the specifics of the air traffic control (ATC) reform legislation so we can evaluate whether it satisfies our Union's principles, including protecting the rights and benefits of the ATC workforce", president Paul Rinaldi said in a statement .
  • Qatar, US sign $12B deal on purchase of F-15 jet fighters

    Economy

    Congress a year ago approved the sale of as many as 72 F-15s in an agreement valued at as much as US$21 billion, providing authorisation for the deal that was completed on Wednesday. The crisis between Qatar and its Arab neighbors, all U.S. allies, has put America in a delicate situation. "For this objective, the Prime Minister will undertake visits to Kuwait, Qatar and Turkey ", it said.