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Lloyds profit jumps while missold insurance costs linger

Bloomberg Lloyds Banking Group Plc is quickly gaining earnings momentum, but is still looking over its shoulder to clean up its troubled past. Britain’s largest mortgage lender posted a 23 percent jump in pretax profit for the second quarter, beating analyst estimates, and also upgraded its financial guidance for the full year. It’s also taking a 460 million-pound charge ($602 ...

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Treasuries slide before Fed as Apple lifts Nasdaq

Bloomberg Treasuries slid and the dollar pared gains as investors counted down to the latest Federal Reserve rate decision. Apple Inc’s rally buoyed the tech sector as an escalation in trade-war rhetoric weighed on equities and battered commodities. A bond sell-off that started in Japan before spreading into Europe picked up steam in the US after the Treasury Department said ...

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China stocks slide as hopes for politburo boost sputters out

Bloomberg Chinese equities and the yuan extended losses on Wednesday afternoon, gaining downward momentum as concern over possible higher US tariffs overwhelmed optimism about Beijing’s pledge to support economic growth. The CSI 300 Index of large mainland-listed companies slid 2 percent, its biggest loss in a month. The offshore-traded yuan fell 0.17 percent to 6.8170 per dollar, while the yuan ...

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