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New Peugeot van to be built in Luton

Peugeot has unveiled plans to build its new van model at its British Vauxhall plant in Luton, according to Reuters. Peugeot’s owner PSA’s announcement will be seen as a gesture of confidence in … Continue reading “New Peugeot van to be built in Luton”


HSBC settles US private Libor claims

HSBC Holdings Plc has agreed to pay $100m (£71.3m) to settle private litigation over the Libor rigging scandal in the US, according to Reuters. The bank is the fourth major company to settle … Continue reading “HSBC settles US private Libor claims”


China announces tariff plans for US soybeans, cars and orange juice

China has outlined plans to increase import tariffs on American goods in response to US plans to levy higher taxes on Chinese imports, according to BBC News. Soybeans, cars and orange juice are … Continue reading “China announces tariff plans for US soybeans, cars and orange juice”


UK new car registrations fall 10% in two years

New car registrations are set to fall 5.5% in 2018, making the UK the worst performing economy of the major European nations, according to BBC News. Spain, Italy, Germany and France are all … Continue reading “UK new car registrations fall 10% in two years”


Brexit fears dent confidence in financial sector

Brexit has had a stronger impact on Britain’s financial sector than the global financial crisis, according to a survey reported by Reuters. Although the financial crisis sent some of the world’s biggest banks … Continue reading “Brexit fears dent confidence in financial sector”


Prezzo to close one third of its restaurants

Italian restaurant chain Prezzo is to close around one third of its outlets as part of a restructuring plan to avoid the company going into administration, according to BBC News. The restaurant chain, … Continue reading “Prezzo to close one third of its restaurants”


IFS report: ‘very small’ impact of tariff cuts post-Brexit

A report from the Institute for Fiscal Studies (IFS) has said consumers may see prices fall by up to 1.2% if Britain decides to abolish all tariffs following Brexit, according to BBC News. … Continue reading “IFS report: ‘very small’ impact of tariff cuts post-Brexit”


Fed reveals interest rate rise

The US central bank has announced an interest rate rise to a target range of 1.5% to 1.75%, according to BBC News. The Federal Reserve said the 0.25% change was being made to … Continue reading “Fed reveals interest rate rise”


Goldman Sachs drops from top three banks for commodities revenue

Goldman Sachs is no longer among the top three commodities banks, according to Reuters. The US-based investment bank has been in the top three chart since Coalition, a data analytics firm, started compiling … Continue reading “Goldman Sachs drops from top three banks for commodities revenue”


Plans for new Northumberland coal mine scuppered

Plans to develop an open cast coal mine in the North East of England have been rejected on climate change grounds, according to Reuters. Last year Northumberland County Council approved a proposal from … Continue reading “Plans for new Northumberland coal mine scuppered”


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