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Home Business News

World Business Today

Editor by Editor
January 6, 2016
in Business News, Company News
Flour Mills high debt ratios could dent future profits
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1.Chinese markets are rallying:
The Shanghai Composite is up 1.79%, after an extension of a ban on large shareholders selling stock.

2.JP Morgan Chase has been fined $48 million (£32.7 million) for failing to meet terms of a settlement to resolve mortgage servicing violations, US bank regulators said this week:
JP Morgan was among a number of banks which participated 2 years ago in a nationwide settlement with regulators over the practice of robo-signing, in which banks pursued faulty foreclosures by using defective or fraudulent documents.

3.Deutsche Bank economists on Tuesday reduced their forecast on US economic growth in the fourth quarter of 2015 and first quarter of 2016 due to recent disappointing data on trade, construction spending, and manufacturing activity:
They said in a research note they pared their view on domestic gross product in November of last year by 1 percentage point to 0.5%, which they added “still might be too high in light of what could be much larger inventory liquidation than what we have assumed.”

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4.Pound Approaches Nine-Month Low Before U.K. Services Report:
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