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Britain sees bleak 2019 as Brexit woes mount

Bloomberg The warning signs of 2019 are lighting up for the UK economy as Brexit comes to a head. Retailers are complaining about an abysmal holiday season, house prices are weakening, businesses are holding back investment and the swooning pound is fuelling inflation. With just a few months until the March 29 deadline to exit the world’s biggest trading bloc, ...

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GE files confidentially for health unit IPO

Bloomberg General Electric Co (GE) has filed confidentially for an initial public offering of its health-care unit, according to people familiar with the matter, moving ahead with plans to spin off its second most profitable business line. The industrial conglomerate is working with Goldman Sachs Group Inc, Bank of America Corp, Citigroup Inc, JPMorgan Chase & Co and Morgan Stanley ...

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US homebuilder sentiment falls to weakest in 3 years

Bloomberg Sentiment among US homebuilders fell in December to the lowest level since 2015, missing all forecasts and signaling that the industry’s struggles are intensifying amid elevated prices and higher borrowing costs. The National Association of Home Builders/Wells Fargo Housing Market Index dropped to 56 from 60 in the prior month amid broad-based declines across sales, expectations and buyer traffic, ...

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