Business & Economy

UK economy cools in 3 months to Sept but outlook better — CBI

The expansion eased in factories and fizzled out in business and professional services firms London:Growth across Britain’s private sector cooled slightly in the three months to September, an industry survey showed on Sunday, although companies were mostly upbeat about their prospects for the next three months. The Confederation of British Industry’s monthly indicator of output for manufacturers, retailers and services ...

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China cuts reserve requirement to boost lending to small firms

BEIJING: China’s central bank on Saturday cut the amount of cash that some banks must hold as reserves for the first time since February 2016 in a bid to encourage more lending to struggling smaller firms and energize its lackluster private sector.The People’s Bank of China (PBOC) said on its website that it would cut the reserve requirement ratio (RRR) ...

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S&P keeps Spain’s BBB+ debt rating, warns on Catalonia tensions

WASHINGTON: The ratings agency S&P maintained Spain’s investment-grade sovereign credit rating Friday, but warned tensions between Madrid and Catalonia could weaken growth prospects if left unchecked.Catalonia is due to hold an independence referendum on Sunday that is opposed by the central government, in one of the greatest political crises to hit the country since the restoration of democracy in 1975.S&P ...

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Report shows GOP tax plan would help the rich as party struggles for unity

The Republican tax plan would deliver major gains for the richest 1 percent of Americans and uneven benefits for the middle class, an analysis by a leading group of nonpartisan experts found Friday, creating a fresh hurdle for Congress as it pivots toward writing legislation overhauling the tax code. The analysis by the Urban-Brookings Tax Policy Center found that most of ...

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Nation’s Hispanic business leaders meeting in Dallas will put Wells Fargo on the hot seat | Economy

One of the key panels at the convention features Palomarez interviewing Wells Fargo chief executive Tim Sloan. Wells Fargo, the third-largest U.S. bank, has admitted that some 3.5 million fake accounts were opened without the knowledge of customers by employees seeking to meet aggressive sales goals. Hispanic consumers were particularly targeted. “Well, we are going to talk exactly about that,” ...

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S’pore investments in Latin America, Caribbean growing, Economy News & Top Stories

Singapore is seizing investment opportunities in Latin America and the Caribbean, particularly in sectors such as education, technology and perishable food, said Minister for Trade and Industry (Industry) S. Iswaran. He told a business forum yesterday that the country is also well-situated to provide companies from the two regions access to growth opportunities in Asean. There are now more than ...

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Is India under a recession threat?

Prime Minister Narendra Modi came to power on a euphoric wave of promises to boost India’s economy, add millions of jobs and bring “good times” to the developing nation. Three years later, India’s economic prospects look decidedly grimmer. India’s economic expansion has slowed to its lowest level in three years. Small businesses are struggling, or even shutting down, after overhauls ...

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Georgia always open for Azerbaijani businessmen (PHOTO)

Baku, Azerbaijan, Sept. 29 Trend: Caspian European Club and Caspian American Club hosted the first CEO Lunch Tbilisi in Georgia Sept. 29. CEO Lunch Tbilisi has been held with participation of Prime Minister of Georgia Giorgi Kvirikashvili within the framework of the official ceremony marking the resumption of activities of Caspian Energy Georgia. First Vice Prime Minister, Minister of Finance ...

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