Council urges ban on housing benefit being paid to rogue landlords

A London council that banned a rogue landlord and then directly paid him more than £500,000 in housing benefit has called on the government to legislate to prevent local authorities from making similar payments in the future. The move by Brent came after the Guardian revealed the borough made repeated payments of taxpayers’ money to Bernard McGowan, who has a […]

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IMF's Lagarde says risk of sharper global growth decline has increased

DAVOS, Switzerland (Reuters) – IMF Managing Director Christine Lagarde said on Monday that the risk of a sharper slowdown in global growth had increased, even if recession was not yet around the corner. Speaking at the World Economic Forum in Davos, Switzerland after the IMF trimmed its 2019 and 2020 global growth forecasts, Lagarde urged policymakers to address economic vulnerabilities, […]

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Dollar nears two-week high as Chinese growth slows

LONDON (Reuters) – The dollar held near a two-week high on Monday, shrugging off concerns about weakening global growth and data that showed China’s economy slowed sharply in 2018. Going into 2019, weakness in the dollar was a consensus view among currency market traders. The bet was that the U.S. central bank would stop raising interest rates and the economy […]

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How China’s slowing growth could rattle equities

China’s economy grew 6.4% year-over-year in the fourth quarter of 2018, confirming analyst expectations for the slowest expansion in a decade. What happens this year could reverberate through equity markets far away. What’s Happening Despite widespread distrust of Chinese economic statistics, few contest that the country’s expansion is slowing, buffeted by trade tensions with the U.S. and a campaign to […]

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China housing sales slow slightly in 2018

BEIJING–Housing sales growth in China slowed slightly last year, and many economists project the downturn to deepen this year. For the full year of 2018, housing sales by value rose 14.7% from a year earlier, according to data released by the National Bureau of Statistics on Monday. That compared with a 14.8% gain in the first 11 months of 2018. […]

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Pearson To Deliver FY Adjusted Operating Profit In Line With Guidance

Pearson plc (PSO,PSON.L) announced, for 2018, the Group expects to deliver adjusted operating profit of 540 million pounds to 545 million pounds for 2018, in line with guidance of 520 million pounds to 560 million pounds. Adjusted earnings per share is projected in a range of 70.0 pence-71.0 pence. Total underlying revenues were down 1% year on year. For 2019, […]

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Ford Motor Q4 Prel. Earnings Below Estimates – Quick Facts

Ford Motor Company (F) reported, for the fourth-quarter, preliminary adjusted EPS of $0.30 compared to $0.39, last year. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.32 for the quarter. Analysts’ estimates typically exclude special items. For full-year 2018, preliminary EPS results were $0.92, and adjusted EPS of $1.30 – in […]

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Probe into Wall Street banks over rigging US Treasury auctions stalls

A politically dicey investigation into Wall Street banks allegedly rigging US Treasury auctions has stalled due to a lack of evidence, and it’s unclear if the federal government will bring any charges against the companies, The Post has learned. The antitrust probe, which threatened to be an embarrassment for officials in both the Obama and Trump administrations, was focused on […]

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