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Lloyds Bank profits fall after fresh $669 mln PPI charge LONDON (Reuters) - Britain's biggest mortgage lender Lloyds Banking Group (LLOY.L) posted weaker-than-expected pretax profits on Wednesday, as a further 550 million pound provision to meet claims for mis-sold insurance to consumers weighed on ...
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Oil rises for fifth straight day as market awaits Fed, stockpiles fall TOKYO (Reuters) - Oil prices rose for a fifth day on Wednesday, buoyed by a bigger-than-expected drop in U.S. inventories and as investors awaited a widely expected cut in interest rates by the U.S. Federal Reserve, the first in more than 10 years.
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Samsung Suffers Hit From Softening Smartphone Demand SEOUL— Samsung Electronics Co. 's net profit dropped 53% during its second quarter, as consumers' decreasing appetite for smartphones and other gadgets sapped demand for the company's cash-cow components business. The world's largest ...
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BNP Paribas Bucks Fixed-Income Slump for a Second Quarter BNP Paribas SA posted a second straight gain at its fixed-income trading business, outshining Wall Street and European peers in what's shaping up to be the worst first half for securities trading in a decade. Debt trading revenue rose almost 9% to 793 million ...
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Here's how the stock market tends to perform when the Fed cuts rates The Federal Reserve is widely expected to cut benchmark borrowing costs for the first time in more than a decade Wednesday afternoon — but can a reduction in rates help improve Jerome Powell's less-than-stellar stock-market record? Investors are pricing ...
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Apple releases Q3 2019 earnings, announces revenue of $53.8 billion Apple earnings day is upon us, and with it we learn how the company performed during the third fiscal quarter of 2019. AAPL forecasted Q3 earnings revenue between $52.5 billion and $54.5 billion, which compares to $53.3 billion reported in the same ...
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The body of a missing Indian coffee tycoon has been found New Delhi (CNN Business) The body of an Indian coffee executive has been found in a river in southern India nearly two days after he went missing. Police in the coastal city of Mangalore confirmed on Wednesday that they had recovered the body of V.G. ...
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Ladbrokes Coral hit by £5.9m penalty over vulnerable gamblers Ladbrokes Coral will pay a £5.9m penalty, one of the largest imposed by the Gambling Commission, over multiple failures to step in as problem gamblers lost hundreds of thousands of pounds. "These were systemic failings at a large operator, which resulted ...
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Plant-based Meat Alternatives: Perspectives On Consumer Demands And Future Directions. Consumer demands for plant-based products have increased in the past few years. According to reports published by the Plant Based Food Association (PBFA) sales from plant based food was higher than 3 billion in 2018. The high numbers reported shows ...
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Pre-paid energy bills to rise as competition watchdog increases cap Vulnerable energy customers face paying more for pre-payment gas and electricity meters after the competition watchdog confirmed plans to raise a price cap by roughly £1 a week. The Competition and Markets Authority said on Wednesday it had ...
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Trade war keeps China's factories in reverse gear for third month BEIJING (Reuters) - China's factory activity shrank for the third month in a row in July, an official survey showed, underlining the growing strains on the world's second-biggest economy as the Sino-U.S. trade war hits business profits, confidence and ...
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Axis Bank share price falls nearly 7% after Q1 earnings fail to meet expectations Axis Bank share price fell in the early trade on Wednesday despite decent earning figures as the bank failed to meet market estimates due to higher provisioning and slippages. The bank submitted its earnings report yesterday, registering 95% year-on-year ...
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Stocks making the biggest moves midday: Procter & Gamble, Capital One, GrubHub & more Check out the companies making headlines midday: Procter & Gamble — Shares of Procter & Gamble jumped 3.8% and hit a record high on better-than-expected quarterly numbers and upbeat forecast for the year. P&G reported adjusted earnings per share ...
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Airbus earnings fly higher on strong commercial aircraft deliveries Airbus saw earnings more than double in the first six months of the year as a rise in commercial aircraft deliveries helped underpin a strong set of results. The European aerospace and defence group stuck to its guidance for the full year but warned that the ...
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Huawei's Smartphone Shipments Rose, Apple's Fell Huawei, a telecommunication equipment-maker, had a strong quarter. The Chinese tech giant had a strong quarter despite its troubles in the US. The company generated 401.3 billion yuan or $58.33 billion in revenues during the first half of the year.
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Redmond residents can now scooter their way around town REDMOND, Wash. — Redmond residents can now use electric scooters to get around town. Lime, the private bike and scooter company, announced Tuesday it's rolling out the ride-share scooters in the city. The ride-share program is part of the City's ...
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Carl's Jr. releases new guacamole burger, reveals how much millennials love avocado toast LAS VEGAS (KSNV) — Ahead of National Avocado Day on Wednesday, July 31, Carl's Jr. announced its new Guacamole Double Cheeseburger and revealing new statistics about millennials and their famous love for avocado toast. The data comes in ...
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Experts Weigh Whether Sprint, T-Mobile Merger Will Be Good For Consumers, Rural Areas The Department of Justice has reached a settlement with Sprint and T-Mobile allowing their merger to proceed. Now experts are debating whether this is good news or bad for consumers. The DOJ granted its approval and the Federal Communications ...
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White Castle Is Giving Out Free 10-Packs of Sliders to Commemorate 'Harold & Kumar' If you've got a wicked case of the munchies, nothing can keep you from hang gliding off a cliff to your favorite burger chain. Just ask Harold and Kumar, who went to this athletic extreme in the cult classic Harold & Kumar Go To White Castle exactly 15 years ...
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