News

W. Buffett Tesco Investment

Tesco investment huge mistake, says Warren Buffett

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Warren Buffet said investing in Tesco Plc was a “huge mistake”, as the world’s second largest retailer struggles with an 11-year-low share price, plummeting...
Rocket Internet

Rocket Internet shares fall on debut

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Shares in the German e-commerce focused venture capital firm Rocket Internet fell on its debut on the Frankfurt Stock Exchange on Thursday. Europe’s largest...
BoE

Bank of England will be able to cap mortgages

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The Bank of England will soon have the power to cap mortgages, i.e. to place limits on how much loan applicants can borrow to...
Wonga

Wonga writing off £220 million of debts for 330,000 customers

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High-interest, short-term payday lender Wonga announced on Thursday it is to write off debts for 330,000 customers worth £220 million. Had the affordability checks...
stock

October: Could markets hit bottom?

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This October is an eerie month for investors in markets across the world as they embrace increased volatility, uncertainty regarding U.S. monetary policy, and...
Mr. Bill Gross Bond King

Pimco sees $23.5 billion fly away after bond king Gross’ exit

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Since Bill Gross, known as the ‘Bond King’, resigned from Pimco, a total of $23.5 billion in funds has left the American global investment...
Fat finger errors

Fat finger error ordered $600 billion in stocks and then cancelled, Japan

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Stock markets in Japan received a jolt when a ‘fat finger error’ sparked over $600 billion worth of orders and then cancelled them. An...
GMC

General Motors sales surge 19 percent in September

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General Motors Inc. posted a 19% increase in sales in September compared to the same month last year, a welcome rebound after August’s slide....
Ivanhoe

Ivanhoé completes $1.24 billion sale of 14 properties to Cominar

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Ivanhoé Cambridge and Cominar Real Estate Investment Trust has completed a $1.24 billion sale of 14 properties. Cominar acquired Ivanhoé Cambridge’s interests in 10 shopping...
royal bank of canada

Royal Bank of Canada will not spin off its US proprietary-trading business

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The Royal Bank of Canada will not be spinning off its US proprietary-trading business into a hedge fund after American regulators rejected their proposal. It...