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Energy stocks weigh on Wall Street

Image copyrightReuters US stock markets opened lower as a dip in oil prices weighed on energy shares. In early trade, the Dow Jones was down 128.10 points at 23,311.60. The wider S&P 500 index dropped 12.62 points to 2,572.22, and the tech-focused Nasdaq index fell 36.81 points to 6,720.79. Shares …

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Pound dips on inflation figures

Image copyrightGetty Images The UK stock market rose in early trade, lifted by strong results from Vodafone and the clearance of Tesco’s takeover of wholesaler Booker. The benchmark FTSE 100 share index was up 11.96 points at 7,427.14, with Tesco the biggest riser on the index. Tesco shares jumped more …

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Bombardier and EgyptAir in 24-jet deal

Image copyrightReutersImage caption EgyptAir has signed a letter of intent for 12 firm orders EgyptAir intends to buy up to 24 of Bombardier’s C-Series planes, the aerospace firm has said. The airline has signed a letter of intent for 12 firm orders, with an option for a further 12. The …

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Price rises – is the worst over?

Image copyrightGetty Images When I wrote last month about inflation’s increase to 3%, I said that it was likely to peak before the end of the year. This month’s figure – steady at 3% – suggests that the upward pressure has already begun to abate. Much of that is down …

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Retailers warned over connected toys

Image copyrightThinkstockImage caption The security services have warned about the dangers of toys being exploited by malicious hackers Consumer watchdog Which? has called on retailers to stop selling some popular toys it says have “proven” security issues. Those toys include Furby Connect, the i-Que robot, Cloudpets and Toy-fi Teddy. Which? …

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Pound slips on inflation figures

Image copyrightGetty Images The UK stock market rose in early trade, lifted by strong results from Vodafone and the clearance of Tesco’s takeover of wholesaler Booker. The benchmark FTSE 100 share index was up 11.96 points at 7,427.14, with Tesco the biggest riser on the index. Tesco shares jumped more …

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Inflation steady despite food price rises

Image copyrightPA The UK’s key inflation rate remained steady at a five-and-a-half-year high of 3% in October, according to official figures. Falls in fuel prices were offset by higher food costs, in particular those for potato crisps, the Office for National Statistics said. October’s inflation rate was below the 3.1% …

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London ‘still Europe’s financial capital’

Image copyrightGetty Images Michael Bloomberg, the businessman and former New York mayor, said London will remain a global financial capital after Brexit. He told the BBC that the UK’s departure from the EU would probably slow the capital’s growth, but would not see it eclipsed by a European rival. London’s …

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Venezuela’s debt problem

Image copyrightEPAImage caption President Nicolás Maduro said Venezuela would never default As creditors meet in Caracas to renegotiate the country’s foreign debt, BBC South America correspondent Katy Watson takes a closer look at Venezuela’s debt problem and the challenges facing the government. What is the Venezuelan government proposing? President Nicolás …

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Venezuela in ‘selective default’

Image copyrightAFPImage caption Government officials held a meeting with creditors but participants said no concrete proposals were made International credit ratings agency Standard & Poor’s has declared Venezuela to be in “selective default”. The ratings agency said the South American nation had failed to make $200m (£153m) in repayments on …

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