A costly retirement mistake many women make

Women who retire when their husbands do may be giving up more wealth than they realize. Married women overall are still in their peak earning years in their 50s and early 60s, while married men’s earnings are on the decline, said economist Nicole Maestas, an associate professor of health care policy at Harvard Medical School and the author of a […]

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Euro zone banks have more work to do on soured debt: Draghi

Reducing the stock of non-performing loans has been one of the top priorities of the ECB. Euro zone banks need to cut their stock of soured debt further to boost lending and improve profitability to make themselves more attractive to suitors, European Central Bank President Mario Draghi said on Tuesday. “Banks with high levels of legacy assets have… kept their […]

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Clariant to form JV with SABIC under new partnership

Clariant, SABIC to merge high-performance materials ops Clariant to focus on higher-value specialty chemicals Aims to increase annual sales to 9 bln Sfr by 2021 SABIC executive to become Clariant CEO Shares rise 5.8 pct in pre-market trade Switzerland’s Clariant CLN.S will merge its high-performance materials business with that of new anchor shareholder Saudi Basic Industries Corporation (SABIC) 2010.SE to […]

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UK Jobless Rate Lowest Since 1975; Wage Growth Exceeds Expectations

The UK unemployment rate remained unchanged at the lowest since 1975 and wages growth exceeded expectations amid record vacancies, data from the Office for National Statistics showed Tuesday. The unemployment rate came in at 4 percent in three months to July, according to labor force survey. This was the lowest rate since February 1975 and in line with economists’ expectations. […]

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Thailand's central bank can afford to wait before hiking rates

Thailand’s central bank is widely expected to keep interest rates steady in its upcoming meeting, according to strategists who spoke to CNBC. The kingdom’s central bank is faces pressure to raise its lending rate above a record low of 1.5 percent, following a better-than-expected economic expansion in the second quarter. Thailand is likely to keep benchmark interest rates on hold […]

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New era in virtual reality therapy for common phobias

This image provided by Oxford VR in July 2018 shows a virtual reality viewpoint from a simulation designed to help people with a fear of heights. Virtual reality therapy can help patients by exposing them gradually to their greatest terrors. The technology is just now reaching the mainstream after 20 years of research. (Oxford VR via AP) Dick Tracey didn't […]

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Japan eager to be on board vertical-takeoff 'flying cars'

In this Sept. 13, 2018 photo, Atsushi Taguchi, a “drone grapher,” as those specializing in drone video are called, who teaches at Tokyo film school Digital Hollywood, speaks during an interview with the Associated Press in Tokyo. Taguchi acknowledged flying cars won’t become a reality for years, but test flights in limited areas, such as an airport, will likely be […]

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Trump's tariffs 'will be painful,' Republican governor warns

Washington’s latest duties on Chinese products could increase vehicle prices in Michigan, Governor Rick Snyder told CNBC at the World Economic Forum in Tianjin. Tariffs are less about jobs and more about important issues “such as intellectual property” that need to be addressed, Snyder said. Michigan state is home to three of the country’s largest automakers: General Motors, Ford Motor […]

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