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World - British inflation jumps to 1.6%

British annual inflation jumped in December to the highest level in two and a half years, data showed Tuesday, as a slide in sterling since the Brexit vote starts to lift costs generally. The 12-month inflation rate hit 1.6 percent last month compared with 1.2 percent in November, the Office for National Statistics (ONS) said in a statement. `Price movements for the majority of the broad groups of goods and services acted to increase the rate between November 2016 and December 2016,` the ONS said in a statement.

Tuesday, January 17, 2017  10:29


World - Macron momentum threatens French election frontrunners

By Michel Rose PARIS (Reuters) - In May last year, then French Economy Minister Emmanuel Macron sat down with Socialist lawmaker Christophe Sirugue in the steel town of Le Creusot and asked him to join his new political movement. A political outsider who has never run for office and hopes to transcend the classic Left-Right divide, Macron suddenly seems to have a fighting chance of winning the keys to the Elysee Palace and becoming president before he turns 40. The latest polls show him breathing down the necks of conservative frontrunner Francois Fillon and the far right`s Marine Le Pen and he is drawing larger crowds than both at rallies across France.

Tuesday, January 17, 2017  10:29


Business - Credit Suisse CEO sees conditions improving in 2017: Bloomberg TV

Credit Suisse Chief Executive Tidjane Thiam sees market conditions improving during 2017 as the bank`s reorganization gathers pace and its efficiency drive continues. Switzerland`s second-biggest lender has accelerated its transformation and achieved `a lot` in 12 months, Thiam told Bloomberg TV in an interview from Davos on Tuesday. Credit Suisse was now in a decent capital position and was progressing at `full speed` toward the flotation of its Swiss bank unit later this year, Thiam said.

Tuesday, January 17, 2017  10:22


Business - BAT agrees to buy Reynolds for $49 billion

British American Tobacco has agreed a $49.4 billion takeover of U.S. rival Reynolds American Inc , creating the world`s biggest listed tobacco company after it increased an earlier offer by more than $2 billion. BAT, which already owned 42 percent of Reynolds, will pay $29.44 in cash and 0.5260 BAT shares for each Reynolds share, it said, a 26 percent premium over the price of the stock on Oct. 20, the day before BAT`s first offer was made public. Reynolds, the maker of Camel and Newport cigarettes, rejected the approach a month later, according to sources, although the two sides remained in talks.

Tuesday, January 17, 2017  10:04

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