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Category: Business

ECJ FX mortgage ruling to cost Polish banks up to $7.6 billion: central banker

ECJ FX mortgage ruling to cost Polish banks up to $7.6 billion: central banker

Polish banks will face costs of 20 billion to 30 billion zlotys ($5.1-$7.6 billion) due to the European Court of Justice’s (ECJ) ruling on Swiss-franc mortgages, Polish rate-setter Eugeniusz Gatnar…

October 15, 2019October 9, 2019
walkermiranda
U.S. economists wrestle with how to help ‘left behind’ areas

U.S. economists wrestle with how to help ‘left behind’ areas

Boston Federal Reserve officials have a pretty good idea what helped the ailing industrial town of Lawrence, Massachusetts, start to make a turnaround, including a state takeover of the public…

October 14, 2019October 9, 2019
walkermiranda
Pepco Group Appoints Tesco Veteran To Run Pepco Retail Brand

Pepco Group Appoints Tesco Veteran To Run Pepco Retail Brand

Pepco Group, a European discount retailer, has appointed former Tesco executive Trevor Masters as managing director of its largest business, Pepco. The group, formerly called Pepkor Europe and part of…

October 13, 2019October 9, 2019
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Take Five: Vanity Fair

Take Five: Vanity Fair

1/TRADE TENSION HEADACHES Washington’s latest accusation that China is dumping wooden cabinets and vanities on U.S. shores sums up the mood between the two warring sides as they head into…

October 12, 2019October 9, 2019
walkermiranda
Stocks fall, dollar rises as investors worry about trade

Stocks fall, dollar rises as investors worry about trade

Wall Street equity indexes ended a volatile session lower on Monday while oil prices gave up early gains and the dollar rose as investors looked for safety ahead of U.S.-China…

October 11, 2019October 9, 2019
walkermiranda
Volvo, Geely to merge combustion engine operations

Volvo, Geely to merge combustion engine operations

Volvo Cars will merge its engine development and manufacturing assets with those of parent Geely, creating a division to supply in-house brands Lotus, LEVC, Lynk and Proton, and also potential…

October 10, 2019October 9, 2019
walkermiranda
Tesco Bank to appoint John Kingman as chairman

Tesco Bank to appoint John Kingman as chairman

Tesco’s (TSCO.L) financial arm intends to appoint John Kingman, the businessman who oversaw Britain’s bailout of its banks during the financial crisis, as its chairman. Tesco Bank on Monday appointed…

October 9, 2019
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