Eurozone crisis

US woes weigh on markets ahead of UK retail sales – business live | Business – Business Article

RBS delivered a stellar set of numbers and a forecast-beating dividend payout to investors, but Brexit and other factors mean it will fall short on its cost cutting target. On the whole this was just what investors have been waiting for. Profits rose to £1.6bn, ahead of the consensus for around £1.4bn and more than double the £752m a year ago. Shares could well continue their 2019 ascent today, although the prospect of the government selling down its stake will…

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China manufacturing disappoints ahead of US jobs data – business live | Business – Business Article

3.30am EST 03:30 One in three UK firms plan for no-deal relocation One in three UK firms are planning to relocate some of their operations abroad in the event of a no-deal Brexit, according to a survey by the Institute of Directors. The lobby group says 29% of firms in a survey of 1,200 members had either already moved part of their business or were planning to do so in response to threat of a hard Brexit. Edwin Morgan, the…

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Davos 2019: Greta Thunberg says it’s time to panic about climate change – live | Business – Business Article

At an event where success is often measured by who’s seen at a reception or speaks on a panel, the Saudis aren’t getting the cold shoulder any more. James Gorman, the head of Morgan Stanley, spoke on Thursday in a debate alongside two Saudi ministers. And the likes of Jamie Dimon of JPMorgan Chase & Co. and John Flint of HSBC Holdings Plc attended the annual Davos party thrown by Saudi oil giant Aramco, according to a person present. “I…

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