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China shares edge down as trade, growth worries drag

* Shanghai Composite index -0.2% * CSI300 down 0.06% * Trump says U.S. could impose more tariffs if needed SHANGHAI, July 17 (Reuters) – Shares in China finished lower in thin trade on Wednesday, extending the previous day’s small losses Read more ›

Flight crew restrains 'God' aboard Delta flight, returns to Puerto Rico

Delta Air Lines flight attendants restrained a passenger on a flight from Puerto Rico to New York after he shouted “I am God!” and claimed he would save the world, forcing the plane to return to the airport in San Read more ›

Mexico’s president says big bank loan shows confidence in Pemex

MEXICO CITY (Reuters) – An $8 billion syndicated loan to Mexico’s national oil company Pemex is a sign of confidence by more than 20 banks involved in the operation, Mexican President Andres Manuel Lopez Obrador said on Friday, after a Read more ›

Illiquid assets held by Woodford’s UK fund pose hurdle to reopening

LONDON (Reuters) – Trading in Neil Woodford’s 3.7 billion pound Equity Income Fund may not be reopened swiftly after it was suspended on June 3 because of the illiquid assets it holds. Neil Woodford, founder and fund manager at Woodford Read more ›

Illiquid assets held by Woodford’s UK fund pose hurdle to reopening

LONDON (Reuters) – Trading in Neil Woodford’s 3.7 billion pound ($4.69 billion) Equity Income Fund may not be reopened swiftly after it was suspended on June 3 because of the illiquid assets it holds. Neil Woodford, founder and fund manager Read more ›

Equity funds better off sticking with blue chips – BoE

LONDON (Reuters) – Equity funds that stick to blue-chip shares cope best with calls from investors for their money back, a senior Bank of England official said on Thursday as fallout from the suspension of top UK fund Woodford continued. Read more ›

UBS loses role in bond deal for Chinese firm on outcry over pig comment

HONG KONG (Reuters) – UBS has lost a lead role on a U.S. dollar bond deal for state-backed China Railway Construction Corp, just days after a Chinese outcry over a senior UBS economist’s use of “pig” in connection with Chinese Read more ›

UPDATE 1-UK homebuilder Crest Nicholson hit by flat prices, rising costs

(Adds details on results, executive comment) June 11 (Reuters) – Crest Nicholson Holdings Plc reported a fall in pretax-profit for the first half of 2019 as Brexit nerves kept house prices flat across the south of England and building costs Read more ›

UK watchdog shakes up ‘dysfunctional’ bank overdraft market

LONDON (Reuters) – Britain’s banks and building societies will have to charge the same amount for all overdrafts from April 2020, the Financial Conduct Authority (FCA) said on Friday, in a radical change that will raise questions about the future Read more ›

Bank of England says it is watching mortgage price war ‘like a hawk’

LONDON (Reuters) – Regulators are watching a price war in mortgages “like a hawk” and may need to impose stricter minimum capital requirements on lenders, Bank of England Deputy Governor Sam Woods said on Friday. FILE PHOTO: A man walks Read more ›