UK Chancellor Plans Investment as Brexit Creates Business Uncertainty
By Jason Douglas in London and Nicholas Winning in Birmingham, England Updated Oct. 3, 2016 7:25 a.m. ET U.K. Treasury chief Philip Hammond said Monday that he intends to boost investment in infrastructure in Britain while keeping a tight rein on day-to-day government spending, as he warned that the country’s vote to leave the European Union appears to be putting businesses off investment. In an interview with the British Broadcasting Corp. ahead of a major spe..>> view originalReport: Bass Pro Shops in lead to acquire Cabela's, could make an offer as soon as Monday
Nearly 2,000 jobs in the Panhandle town of Sidney are on the line if Bass Pro Shops makes a bid for local retailer Cabela’s. Two national newswires reported late Sunday that Missouri-based Bass could make an offer as soon as Monday. If so, Wall Street watchers say Bass Pro could move to consolidate the operations of the merged companies — likely choosing its current Springfield, Missouri, home office as the combined company’s headquarters. That would mean an ax could drop on 2,000 Cabela’s he..>> view originalGreek police fire teargas at pensioners during Athens protest
ATHENS Greek police on Monday fired teargas to control a demonstration of pensioners protesting over cutbacks to their benefits, part of an austerity drive dictated by international lenders.About 1,500 pensioners attempted to march to Prime Minister Alexis Tsipras's office. Riot police blocked their path.Tensions flared when dozens of pensioners attempted to push over a police bus blocking their way a few hundred meters (yards) from Tsipras' office. The left-led government is expected to submi..>> view originalClinton to Hit at Wells Fargo, Mylan in Speech on 'Bad Corporate Actors'
Presidential candidate Hillary Clinton on Monday will unveil a plan to make it easier for consumers to take legal action against "bad corporate actors," citing Wells Fargo and Mylan, according to a campaign official. U.S. Democratic presidential nominee Hillary Clinton boards her campaign plane in Charlotte, North Carolina, United States October 2, 2016. REUTERS/Brian Snyder While campaigning in Ohio, the Democratic nominee will explain how she would, if elected on Nov. 8, curb th..>> view originalEuropean Banks Cutting 20000 Jobs as ING Joins Commerzbank, ABN
European banks are preparing a fresh round of bloodletting -- with some 20,000 jobs set to go -- as tougher rules and negative interest rates weigh on profits.ING Groep NV will shed 5,800 positions over five years as it focuses on Internet and mobile banking and automates systems, the Amsterdam-based lender said Monday. Just last week, Germany’s Commerzbank AG disclosed plans to cut 9,600 jobs, while Spain’s Banco Popular Espanol SA said it will eliminate as many as 3,000 posts after tapping in..>> view originalInsider Q&A: A front-row seat for the drug pricing battle
Dr. Steve Miller, the chief medical officer of Express Scripts, sits at the center of the storm over rising drug prices. His company runs prescription plans for employers and insurers that cover around 85 million people. It buys enough drugs to fill more than 1 billion prescriptions a year. Miller has watched super-sized drug prices infuriate patients and strain the health care system with growing frequency, starting when a new hepatitis C drug hit the market at $84,000 for a course of treatmen..>> view originalTrump running out of time as controversies pile up
With 36 days remaining before Election Day, the real estate mogul's campaign is consumed with the fallout from a New York Times story published over the weekend that found Trump reported a $916 million loss in 1995. That loss could mean Trump went 18 years without paying federal income taxes.Those findings -- which Trump's campaign isn't disputing but haven't been independently confirmed by CNN -- would be daunting for any presidential candidate to overcome. But they're especially challenging fo..>> view originalDeutsche Bank highlights big problems for small hedge funds
This contrasts with the experience of smaller hedge funds who are finding it increasingly difficult to engage a prime broker at all, with another manager, who also asked to remain anonymous because of the sensitivity of business relations, telling CNBC that unless funds were able to raise a significant amount of capital themselves – around $250 million – and demonstrate that they have the potential and capacity to generate significant trades, their business is increasingly unwanted by the la..>> view originalSize of Korea-Japan currency swap deal draws attention
[THE INVESTOR] Attention is being drawn to the size of a currency swap deal to be resumed between South Korea and Japan. During their meeting in Seoul in August, finance ministers of the two countries agreed to launch talks on resuming a currency swap ...>> view originalPound falls as Theresa May indicates Brexit date
Sterling has fallen to a three-year low against the euro after Theresa May outlined the timetable for starting Brexit negotiations. It also hit its lowest level against the dollar since the beginning of July. On Sunday, the prime minister said she would trigger Article 50, the clause needed to start the process, by the end of March 2017. That means the UK is likely to leave the EU by mid-2019.In early morning trade, the pound fell by about 1% against the euro to â‚Ź1.1433 before recovering..>> view original
Saturday, October 8, 2016
UK Chancellor Plans Investment as Brexit Creates Business Uncertainty and other top stories.
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