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China Sept new yuan loans rise more than expected

SHANGHAI, Oct 14 (Reuters) – Chinese banks extended more loans than expected in September, buoyed by demand from home buyers and companies, even as the government tightened the screws to wean the economy off its years-long addiction to cheap debt. Banks extended 1.27 trillion yuan ($193.05 billion) in net new …

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Wall Street hits new record as techs, autos rise

Wall Street hits new record as techs, autos rise

(Reuters) – U.S. stock indexes touched new record highs on Tuesday, boosted by a rally in tech stocks and gains in Ford Motor (F.N) and General Motors (GM.N) after strong September vehicle sales. Eight of the 11 major S&P indexes were higher, led by technology .SPLRCT and consumer discretionary .SPLRCD …

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Automakers’ U.S. September sales lifted by hurricanes

DETROIT (Reuters) – Major automakers posted higher U.S. new vehicle sales in September, as consumers in hurricane-hit parts of the country, in particular southeast Texas, rushed to replace flood-damaged cars. Analysts and industry consultants had predicted that hurricanes Harvey and Irma would provide automakers with their first monthly sales gain …

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Wall Street edges up on healthcare, tax plan hopes

Wall Street edged higher on Thursday, with the S&P 500 poised to close at a record on gains in McDonald’s and healthcare names, while investors continued to hope President Donald Trump will be able to make progress on tax reform. Shares in the world’s biggest fast food chain (MCD.N) rose …

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Sukuk bond part of strategies to islamise Nigeria – CAN

The Christian Association of Nigeria has opposed the floating of the Sukuk Islamic bond by the Federal Government, alleging it is meant to Islamise the country through the back door. CAN, in a statement on Tuesday in Abuja by its General Secretary, Rev. Musa Asake, demanded the abrogation of the …

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Central bank to punish banks for forex infractions

The Central Bank of Nigeria on Monday threatened to sanction any Deposit Money Bank found in breach of its earlier directive of March 3, 2017 instructing them to, among other things, open teller points for retail forex transactions and to have electronic display boards in all their branches, showing rates …

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Foxconn will get $3 billion to build a plant in Wisconsin

On Monday, Gov. Scott Walker approved $3 billion in incentives for the Taiwanese electronics manufacturer to build a new plant in the state. The hefty gift, which was first announced in July, was hotly debated by state legislators before they gave their approval last week. “We are honored Foxconn chose …

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New €50 banknote begins circulating

New 50 Euro banknote, the fourth in the “Europa series’’ issued by the European Central Bank began circulating on Tuesday. The 50 Euro is the most widely used euro note denomination which accounts for 46 per cent of all euro banknotes, with more than nine billion of them in circulation. …

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