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Job report signals solid US economy

Bloomberg The US job market delivered a blowout performance in December, giving a clearer signal that the economy is on solid footing even as investors fret about the trade war and other risks in 2019. US stocks and Treasury yields surged after Labor Department figures showed employers added the most workers in 10 months, wage gains accelerated and labour-force participation ...

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Euro-area business growth at 4-year low

Bloomberg Euro-area companies are bracing for subdued economic momentum in 2019 after activity slipped to a four-year low at the end of last year. Growth in manufacturing and services slowed more than initially reported in December 2018 — weighed down by public protests in France, Germany’s continued struggles in the car industry, and renewed weakness in Italy. Composite gauges for ...

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PG&E bankruptcy talks set stage for face-off with California

Bloomberg In weighing a bankruptcy, power giant PG&E Corp may be firing a warning shot to California lawmakers: Help us or watch the largest utility in your state go insolvent. The company is considering whether to file for bankruptcy protection in as soon as weeks to organise the billions of dollars in potential liabilities from wildfires its equipment may have ...

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