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British economy set for slowdown as Brexit stockpiling boost fades

Bloomberg UK manufacturing slumped in April as the boost from Brexit stockpiling evaporated and car factories halted work, boding ill for the economy in the second quarter, figures on Monday are expected to show. Production fell by 1.4 percent from March, the biggest decline since the start of 2017, according to a Bloomberg survey. With little support from construction and ...

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PG&E power generators lose legal fight on supply contract

Bloomberg The power generators that supply bankrupt utility giant PG&E Corp. were dealt a major blow as a judge ruled that federal regulators can’t keep their supply contracts from getting killed. Power giants including NextEra Energy Inc. and Exelon Corp. had enlisted the help of the Federal Energy Regulatory Commission in ensuring that their long-term contracts with PG&E survive the ...

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Consumer credit in US rises to five-month high

Bloomberg US consumer debt increased by the most in five months in April and topped estimates, suggesting more upbeat sentiment among Americans is supporting borrowing and spending. Total credit expanded $17.5 billion from the prior month following an upwardly revised $11 billion gain in March, Federal Reserve figures showed. Revolving debt outstanding increased the most since November while non-revolving credit ...

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