Financial news

• Cameron's office to probe why British Muslim family barred from U.S.

  23-12-2015 21:40
  
  LONDON (Reuters) - Prime Minister David Cameron's office said on Wednesday it was looking into the case of a family of 11 British Muslims who were refused permission to board a flight from London to Los Angeles to visit Disneyland.
  
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• UPDATE 1-Nexstar in talks to buy Media General for around $17.50/shr -sources

  23-12-2015 20:13
  
  Dec 23 (Reuters) - Nexstar Broadcasting Group is in talks to buy Media General for around $17.50 per share in a more than $2 billion deal that would create the second largest U.S. local television broadcaster, according to two sources familiar with the situation.
  
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• UPDATE 1-Former World Bank economist Mpango named Tanzanian finance minister

  23-12-2015 19:48
  
  DAR ES SALAAM, Dec 23 (Reuters) - Tanzania's President John Magufuli has appointed former World Bank economist Philip Mpango as minister for finance and planning, the presidential spokesman said on Wednesday.
  
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• UPDATE 2-U.S. says 8th U.S. death linked to Takata airbag rupture

  23-12-2015 19:40
  
  WASHINGTON, Dec 23 (Reuters) - The U.S. National Highway Traffic Safety Administration said Wednesday that an eighth U.S. death is linked to a faulty Takata airbag inflator, marking the first reported death since April and the ninth worldwide.
  
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• Marc Andreessen: 'In 20 years, every physical item will have a chip implanted in it'

  23-12-2015 19:38 via telegraph.feedsportal.com
  
  Star venture capitalist Andreessen's new $25m bet heralds the dawn of Internet of Things 2.0
  
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• Tanzania appoints Philip Mpango as Finance minister - president's spokesman

  23-12-2015 19:05
  
  DAR ES SALAAM, Dec 23 (Reuters) - Tanzania's president has appointed Philip Mpango as minister for Finance and Planning, the presidential spokesman said on Wednesday.
  
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• OPEC faces a mortal threat from electric cars

  23-12-2015 19:03 via telegraph.feedsportal.com
  
  The oil cartel is living in a time-warp, seemingly unaware that global energy politics have changed forever
  
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• Fed-up creditors seek to put US energy's zombies into bankruptcy

  23-12-2015 19:00
  
  WILMINGTON, Del, Dec 23 (Reuters) - Rising financial stress in the U.S. energy sector has prompted some suppliers and vendors to take unusual legal action to collect unpaid debts: forcing struggling companies with billions of dollars in debt into bankruptcy.
  
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• Bancorp Bank to pay $4.3 million in settlement with FDIC

  23-12-2015 19:00
  
  WASHINGTON, Dec 23 (Reuters) - The Bancorp Bank of Wilmington, Delaware, will pay a $3 million penalty and an estimated $1.3 million in restitution to about 21,000 harmed customers to settle alleged "unfair and deceptive practices," the FDIC said on Wednesday.
  
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• Petroceltic hires bankers for strategic review, potential sale

  23-12-2015 18:47
  
  Dec 23 (Reuters) - Irish oil producer Petroceltic International Plc said it hired bankers to conduct a strategic review, including a sale, after tumbling oil prices hurt its business.
  
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• European markets end sharply higher as commodities shares jump

  23-12-2015 18:42
  
  LONDON, Dec 23 (Reuters) - European shares surged on Wednesday, boosted by gains in commodities stocks on the back of stronger metals and crude oil prices and signs of more economic stimulus measures in China, the world's largest metals consumer.
  
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• UPDATE 1-U.S. fines Higher One, WEX Bank over 'deceptive' student loan practices

  23-12-2015 18:11
  
  WASHINGTON, Dec 23 (Reuters) - U.S. banking regulators on Wednesday ordered financial firm Higher One Holdings Inc to pay fines and restitution to borrowers over allegedly "deceptive" marketing practices in the disbursement of student loans.
  
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• Slowing UK growth leaves Bank of England unhurried on rates

  23-12-2015 18:07
  
  LONDON (Reuters) - Britain's economic growth has slowed markedly, according to data on Wednesday that supports expectations the Bank of England will not raise record low interest rates any time soon.
  
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• Greek government hands data on suspected tax cheats to prosecutor

  23-12-2015 18:04
  
  ATHENS, Dec 23 (Reuters) - Greece's Prime Alexis Tsipras said on Wednesday his leftist-led coalition government had handed a USB stick with data on thousands of suspect banking transactions to a prosecutor, and said tax evaders would have one last chance to own up.
  
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• CORRECTED-US restructuring firms bulk up as crude dive boosts business

  23-12-2015 17:53
  
  NEW YORK/HOUSTON, Dec 14 (Reuters) - Law firms and banks are adding staff to their restructuring practices from Houston to New York City to scoop up new business as oil prices sink near 11-year lows, pressuring energy companies to slash debt or file for bankruptcy.
  
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• UPDATE 1-Dealmakers seek respite following record year for mergers

  23-12-2015 17:12
  
  Dec 23 (Reuters) - Investment bankers and lawyers are looking forward to a holiday break after chalking up a record year of mergers and acquisitions, totaling $4.6 trillion, while earning tens of billions of dollars in fees.
  
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• U.S. says 8th U.S. death linked to Takata airbag rupture

  23-12-2015 17:00
  
  WASHINGTON, Dec 23 (Reuters) - The U.S. National Highway Traffic Safety Administration said Wednesday that an eighth U.S. death is linked to a faulty Takata airbag inflator, marking the first reported death since April and ninth death worldwide. The auto safety agency also said it named a former U.S. Justice Department official to oversee the massive recalls of airbags and the Japanese parts firm's compliance with a settlement.
  
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• Higher One fined over 'deceptive' student loan practices

  23-12-2015 17:00
  
  WASHINGTON, Dec 23 (Reuters) - The Federal Reserve on Wednesday ordered U.S. financial firm Higher One Holdings Inc to pay fines and restitution to borrowers over allegedly "deceptive" marketing practices in the disbursement of student loans.
  
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• Dealmakers seek respite following record year for mergers

  23-12-2015 16:30
  
  Dec 23 (Reuters) - Investment bankers and lawyers are looking forward to a holiday break after chalking up a record year of mergers and acquisitions, totaling $4.6 trillion, while earning tens of billions of dollars in fees.
  
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• Elves and shelves: how Tesco copes on the year's busiest food shopping day

  23-12-2015 16:25
  
  Lunchtime on 23 December is the peak period of the busiest day for the Christmas food shop. How did Tesco in Slough cope? Rebecca Smithers roamed the crowded aisles talking to customers, staff … and elvesIt is the busiest hour of the busiest food shopping day of the year at Britain’s busiest supermarket: Tesco Extra in Slough. Checkout assistants Brenda Bailey and Pat Dwamena, dressed as elves in red and green felt outfits, are handing out free Celebrations chocolates and trying to
  
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• UK's Peel Ports to expand Liverpool to weather container slump

  23-12-2015 16:21
  
  * Peel Ports looking to turn Liverpool into cargo transfer hub
  
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• Chinese rating agency Dagong under EU probe-documents

  23-12-2015 16:19
  
  HONG KONG, Dec 23 (Reuters) - European regulators identified weaknesses in the internal system of checks and balances at Chinese-owned credit rating agency Dagong Europe during a two-year probe, according to documents reviewed by Reuters and people familiar with the situation.
  
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• European stock markets boosted by rising commodities shares

  23-12-2015 16:18
  
  LONDON, Dec 23 (Reuters) - European shares surged on Wednesday, boosted by gains in commodities stocks on the back of stronger metals and crude oil prices and signs of more economic stimulus measures in China, the world's largest metals consumer.
  
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• UPDATE 1-Baring Asia to offer $320 mln for PE-backed Interplex Holdings

  23-12-2015 16:17
  
  SINGAPORE, Dec 23 (Reuters) - Baring Private Equity Asia is looking to offer S$450 million ($320 million) to buy Interplex Holdings, a Singapore-listed engineering company, majority owned by CVC Capital Partners and the private equity arm of Standard Chartered.
  
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• New 'Gender Tax' study shows women are charged more for being woman

  23-12-2015 16:15 via telegraph.feedsportal.com
  
  The study, based on products in New York City, found that, on average, products geared toward girls and women cost 7% more than similar goods for males
  
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• U.S. new home sales rise in November; momentum slows

  23-12-2015 16:01
  
  WASHINGTON, Dec 23 (Reuters) - New U.S. single-family home sales in November rose less than expected and the prior month's increase was revised down, suggesting some loss of momentum in the housing market.
  
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• What are the best UK deals at the Boxing Day sales 2015, and when do the shops open?

  23-12-2015 15:58 via telegraph.feedsportal.com
  
  The Boxing Day bargains at Amazon, John Lewis, Selfridges, Next and many more stores up and down the UK
  
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• Sage of Manchester? Buffett-inspired investor tops UK stock-picking league

  23-12-2015 15:44
  
  LONDON - Forget the financial fortress of London, anyone looking for Britain's best stock-picker this year should have hopped on a train north to Manchester.
  
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• Opec says demand for oil will fall, but prices will rise - eventually

  23-12-2015 15:06 via telegraph.feedsportal.com
  
  The Organisation of the Petroleum Exporting Countries has also slashed its own production estimates
  
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• Another hit for Osborne: Britain's economic growth revised DOWN

  23-12-2015 14:45 via feedproxy.google.com
  
  BRITAIN’S economic recovery over 2015 has not been as strong as previously, delivering a pre-Christmas blow for George Osborne.
  
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• Oil traders recall 2008 holiday bounce, but see no gift for bulls

  23-12-2015 14:43
  
  NEW YORK - At the tail end of 2008, the last time oil prices traded at $35 a barrel, some vacationing oil traders missed out on an abrupt $16 surge that helped define the bottom of a five-month, crisis-induced collapse.
  
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• UK police arrest man 'linked to extremist Islamist terrorism'

  23-12-2015 13:37
  
  LONDON (Reuters) - British police said on Wednesday they had detained a man in London in an arrest "linked to extremist Islamist terrorism".
  
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• Financial services weigh as UK GDP growth revised down in Q3 - Investment Week

  23-12-2015 12:48
  Investment Week
  Financial services weigh as UK GDP growth revised down in Q3
  Investment Week
  UK GDP growth has been revised down to 0.4% in Q3 2015 from the previous estimate of 0.5%, according to the Office for National Statistics (ONS). This lower rate was attributed to weak growth in the dominant UK services sector, particularly financial ...en meer »
  

• Eurotunnel hits new record despite Calais migrant disruption

  23-12-2015 12:35 via telegraph.feedsportal.com
  
  Eurotunnel's Le Shuttle Freight service reaches record number of trucks carried as new security measures pay off
  
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• Game Digital suffers nightmare before Christmas with major profit warning

  23-12-2015 12:25 via telegraph.feedsportal.com
  
  Second profit warning in less than a year for stock market newcomer
  
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• Hague warns that leaving EU could mean UK breaks up too

  23-12-2015 12:24
  
  LONDON (Reuters) - The United Kingdom could break up, with Scotland going its own way, if Britons vote to leave the European Union, a longstanding EU critic and former Conservative leader warned on Wednesday, saying as a result he was likely to vote to stay in.
  
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• Misleading broadband ads hiding true costs, Citizens Advice says

  23-12-2015 12:15
  
  Charity finds more than half of consumers unable to identify cheapest deal when comparing offers, potentially leaving them heavily out of pocketMisleading broadband ads are hiding the real cost of contracts and are making it too difficult for consumers to compare prices, Citizens Advice has warned. The charity found more than half of consumers (56%) are unable to identify the cheapest deal when comparing broadband offers. The confusion means potential customers could be left up to £197 out
  
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• Investment trusts in 2015: which returned 50pc for investors?

  23-12-2015 11:51 via telegraph.feedsportal.com
  
  It has been a profitable year for investment trusts that buy smaller companies, but a little known fund investing in real estate in India tops the charts for 2015
  
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• Investment trusts in 2015: which returned 50% for investors?

  23-12-2015 11:51 via telegraph.feedsportal.com
  
  It has been a profitable year for investment trusts that buy smaller companies, but a little known fund investing in real estate in India tops the charts for 2015
  
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• Five reasons mining companies are in a hole

  23-12-2015 11:42 via telegraph.feedsportal.com
  
  Miners have had a terrible year in 2015 - and 2016 doesn't look like it will be much better
  
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• New Rules On Whistleblowing For UK Financial Institutions - Mondaq News Alerts (registration)

  23-12-2015 11:38
  New Rules On Whistleblowing For UK Financial Institutions
  Mondaq News Alerts (registration)
  The FCA and PRA have announced a new package of rules aimed at formalising whistleblowing procedures within certain financial institutions. The rules will be implemented on 7 September 2016; however firms covered by the new regime must comply with ...en meer »
  

• AstraZeneca gout drug wins approval from regulators

  23-12-2015 11:36 via telegraph.feedsportal.com
  
  With gout levels soaring in the UK and other western economies, AstraZeneca hopes its new treatment will result in a steady revenue stream
  
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• UK economy in shock slowdown as recovery loses steam

  23-12-2015 11:06 via telegraph.feedsportal.com
  
  Official figures show UK growth was weaker than thought in the second and third quarters
  
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• Panmure shares sink after it warns it will make a loss

  23-12-2015 11:04 via telegraph.feedsportal.com
  
  One of the City's oldest stockbrokers says it will swing to a loss in 2015 following a dry year for deals
  
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• UK economic growth revised down

  23-12-2015 10:48
  
  LONDON - Britain's economy grew less strongly than previously thought in much of 2015, according to official data that is likely to surprise the Bank of England as it ponders when to raise interest rates.
  
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• Game Digital shares dive 40pc after Christmas profit warning

  23-12-2015 10:22 via telegraph.feedsportal.com
  
  Second profit warning in less than a year for stock market newcomer
  
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• Boutique brand ST Dupont feels the force with luxury Star Wars and James Bond goods

  23-12-2015 10:20 via telegraph.feedsportal.com
  
  ST Dupont is on track with luxury tie-ins from Bond to McLaren, boss Alain Crevet says
  
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• Slater & Gordon faces class action suit over Quindell division purchase

  23-12-2015 10:09 via telegraph.feedsportal.com
  
  Australia's largest law firm is being threatened with legal challenge
  
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• The tech fest that is CES is growing up

  23-12-2015 09:49 via telegraph.feedsportal.com
  
  The annual Las Vegas exposition of the latest and greatest in the tech world, CES 2016, has had a rebanding to reflect its wider focus
  
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• Sainsbury's is the most popular TV Christmas advert - do you agree?

  23-12-2015 09:30 via telegraph.feedsportal.com
  
  John Lewis's 'Man On The Moon' offering and the Sainsbury's 'Mog The Cat' advert were both well-loved - but which won the Christmas advert battle of 2015?
  
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