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UK steel warns of Brexit pain as protectionism spreads

  Bloomberg Brexit may aggravate a headache for the UK’s embattled steel industry: more under-priced Chinese supply, according to a trade group. Britain, which is looking toward a future of free trade outside the European Union, has for years resisted a proposal that would raise EU tariffs on imported steel, saying it would increase costs for users. If the UK ...

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Scotiabank profit tops estimates on gains in capital markets

  Bloomberg Bank of Nova Scotia said fiscal first-quarter profit rose 11 percent, beating analysts’ estimates, on gains in capital markets. The lender raised its quarterly dividend 2.7 percent to 76 cents a share. Net income for the period ended Jan. 31 climbed to C$2.01 billion ($1.52 billion), or C$1.57 a share, from C$1.81 billion, or C$1.43, a year earlier, ...

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Barclays Africa to list Gold ETF in Kenya

  DUBAI / Reuters Barclays Africa Group Ltd. is preparing to list its NewGold ETF on the Nairobi Securities Exchange after receiving regulatory approval to begin trading the securities. “We expect the listing to take place early this year,’’ Michael Mgwaba, head of exchange traded products at Johannesburg-based Barclays Africa’s Absa Capital unit, said in an e-mailed response to questions. ...

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