British lawmakers are poised to have a big say over Brexit on Monday, as MPs divide on the European (Withdrawal) Bill for the first time. Britain’s Parliament will vote Monday evening on whether the ruling right-wing Conservative Party should have the power to transfer laws from Brussels to Britain in order to prepare for Brexit. […]
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Roche slumps on another drug setback as sales forecasts come into question
Roche shares tumbled to rank among the worst performers in European trade on Monday following news of the failure of trials for its skin cancer treatment Zelboraf. The disappointing results came alongside confirmation that similar products from compatriot and rival Novartis had met their aims. Roche shares were trading 1.35 percent underwater by 12:30 p.m. […]
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What to expect ahead of the Bank of England’s September policy meeting
The Bank of England is expected to hold interest rates steady and make no changes to its asset purchasing program when it gathers Thursday for its September Monetary Policy Committee meeting. The central bank is set to keep interest rates at a record low of 0.25 percent and maintain its quantitative easing (QE) program at […]
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From Wall Street to Main Street: Goldman reportedly eyes UK to deepen its push into retail banking
Goldman Sachs is looking to expand its retail banking offerings to the U.K., and aims to start an online deposit business around the middle of 2018, the Financial Times reported on Sunday. The move is planned as an expansion of the bank’s Marcus by Goldman Sachs brand, a digital consumer-lending platform that it launched last […]
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France’s Macron hails democracy in Athens — and takes a sideswipe at the IMF
French President Emmanuel Macron delivered an ambitious vision for how the European Union should reform, but used the opportunity to lash out the International Monetary Fund (IMF) for its role during the euro zone debt crisis. Macron was in Athens for a two-day visit, accompanied by 40 business executives from companies including Total and Vinci […]
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Confused by the ECB? Here’s what could happen at its important October meeting
The European Central Bank (ECB) delivered a mixed bag of information for investors at its policy meeting this week, leaving many scratching their heads as to what it’s actually likely to announce at its October get together. The ECB held interest rates steady on Thursday and said that it would stand ready to extend its […]
Read moreAkzo Nobel issued a profit warning on Friday and announced a revamp that will include the chief financial officer stepping aside and a shake-up to its paints and industrial coatings businesses. The Dutch company, citing cost inflation and currency headwinds, said it would not achieve the 100 million euros ($121 million) in 2017 operating profit […]
Read moreThe euro saw a volatile afternoon of trade on Thursday as currency traders reacted to comments from Mario Draghi, the president of the European Central Bank (ECB). The single currency was trading at 1.1970 against the U.S. dollar before the economist started his speech at a press conference at 1:30 p.m. London time, but jumped […]
Read moreThe European Central Bank (ECB) left its benchmark interest rate unchanged Thursday and gave no clarity on the anticipated wind-down of its stimulus program. The central bank held interest rates at 0.0 percent and kept the door open for even more stimulus, saying that it stands poised to increase its asset purchase program if needed. […]
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Martin Shkreli auctions secret Wu-Tang Clan album on eBay — and receives offer in excess of $1 million
Martin Shkreli has received bids in excess of $1 million for his one-of-a-kind copy of a Wu-Tang Clan album. The disgraced former chief executive officer of Turing Pharmaceuticals, who was last month convicted of two counts of securities fraud, listed the album “Once Upon a Time in Shaolin” on eBay earlier this week. The auction […]
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