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Manufacturing activity lost further momentum in the eurozone’s two largest economies while services remained resilient, according to a closely watched survey pointing to Germany’s weak economic performance continuing at the end of the year.
FirstGroup has appointed advisers over a potential sale of two of its North American businesses, one month after a share price plunge prompted two major shareholders to urge the UK transport group to offload its US assets.
Sports Direct, the retail group controlled by retail billionaire Mike Ashley, said it expects underlying earnings for the full year to grow by between 5 and 15 per cent after reporting “green shoots of recovery” at House of Fraser.
The US Supreme Court has agreed to hear a trio of appeals involving demands for Donald Trump’s financial records, setting up a potentially blockbuster ruling on whether a sitting US president is shielded from investigation.
US stocks withstood a choppy session to close — by slim margins — at record highs in the wake of China announcing it agreed a gradual reduction in tariffs as part of an interim trade deal between Beijing and Washington.
Stocks across Asia jumped on Friday as political risks appeared to melt away, with the ruling Conservative party on course to win the UK’s general election and the emergence of a possible US-China trade deal.
The co-founder of Bonobos is leaving Walmart little more than two years after he agreed to sell the online men’s clothing store to the US retailer and took charge of its burgeoning collection of digitally focused brands.
Several factors including design, poor drainage and heavy rainfall caused the deadly dam breach at Vale’s Córrego do Feijão mine in January, according to an independent report commissioned by the company.
Industrial production in the eurozone contracted in October, dragged lower by a steepening downturn in Germany and Italy, although French factories’ output expanded thanks to their specialisation in consumer goods.
The Swiss National Bank warned on Thursday against the politicisation of monetary policy with climate change activism, even as it sought to damp public disquiet over its now five-year-old policy of negative interest rates.
Argentina’s new economy minister, Martín Guzmán, pledged that the new government would avoid confrontation and seek constructive relations with its creditors, as it seeks to stave off its ninth sovereign debt default.
US stocks closed within a whisker of record highs, buoyed on Wednesday by the Federal Reserve’s confidence in the labour market and the central bank’s projection interest rates would remain on hold through 2020.