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M&S’s attempt at Sparkle should soon fizzle out

Marks & Spencer Group Plc rebranded itself as Markle & Sparkle over the weekend, in honor of the royal wedding. But with so much work in progress, for investors, any celebrations are likely to fall flat. The company will step up the pace of store closures when it announces its annual earnings, Bloomberg News reported. Although the amount of capacity ...

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Financial markets are wrongly discounting trade risks

US financial markets seem unfazed by a sequence of negative developments on the trade front. The May 17 date set by Paul Ryan, Speaker of the US House of Representatives, for Congress to approve a revised North American Free Trade Agreement has passed with no resolution. The European Union, a major US ally, resents the June 1 deadline President Donald ...

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Stocks retreat globally as dollar climbs with bonds

Bloomberg Stocks fell from Tokyo to New York as data cast doubts on growth prospects for the euro area while political tensions increased in North Korea, Turkey and the US Ten-year Treasury yields briefly dipped below 3 percent, while the dollar climbed. The S&P 500 Index dropped for a second day at the highest since March, while the Stoxx Europe ...

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