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No one gets rich by cutting his personal spending

Managing your financial life requires following three rules: No. 1. Spend less than you earn; No. 2. Prioritise investing for your future; No. 3. Figure out what matters and spend accordingly. If you follow these simple rules, you can ignore the rest of this column. Heck, follow just the first one and you can pretty much ignore everything else. The ...

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London wants to have its Brexit cake and eat it too

The Bank of England’s outgoing boss, Mark Carney, has long come under fire from pro-Brexit politicians for his grim predictions for the British economy outside the European Union, including the possibility of a recession. It got to the point that it looked like one of the biggest tasks for his successor, Andrew Bailey, would be to un-ruffle feathers. Yet Carney ...

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US stocks climb to records before trade pact signing

Bloomberg US stocks rose to all-time highs as America and China prepared to sign their initial trade accord. The dollar weakened against most major peers and Treasuries gained. The benchmark S&P 500 set an intraday record for the sixth consecutive trading session, largely ignoring disappointing quarterly results from Goldman Sachs Group Inc and Bank of America Corp. Healthcare and utilities ...

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