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US jobs engine keeps defying forecasts for 2017 slowdown

Bloomberg In an economy growing at a moderate pace at best, the US job market keeps on shining. Payroll gains topped forecasts in five of the past seven months, putting the 2017 average increase of 184,000 almost on par with last year’s 187,000 and above levels typical for the eight-year expansion. Analysts expect barely any falloff from that pace in ...

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Brexit news just background noise for sterling traders

Bloomberg Brexit has taken a back seat for traders and fund managers trying to predict the pound’s outlook over the next few months. Implied volatility in sterling is the among the lowest in the Group-of-10 countries over the next three months. This is despite the failure of the third round of separation talks between the UK and the European Union ...

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New Air Berlin bidder looks to focus on holiday routes

Reuters A German businessman joined the field of potential bidders for insolvent Air Berlin, proposing to focus on only a few routes to holiday destinations. Air Berlin, Germany’s second-largest airline, filed for bankruptcy protection in August after shareholder Etihad Airways withdrew funding following years of losses. Now the carrier is to be carved up, most likely among several buyers, with ...

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