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Riksbank says it may need to hike rates ‘soon’

Bloomberg Sweden’s central bank said it may soon need to raise interest rates for the first time in seven years if the pace of growth in Scandinavia’s biggest economy continues to support inflation. The Riksbank stuck to its earlier guidance, which gave policy makers a window from December until February to deliver a 25 basis-point rate increase. The bank kept ...

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Carney as Brexit weapon shows BOE’s political role

Bloomberg The Bank of England is getting dragged deeper into politics. Governor Mark Carney is getting it from all sides. He’s frequently lambasted by pro-Brexit lawmakers for outlining his economic views on the nation’s departure from the European Union, and in the past month another set of lawmakers has lined him up to assess any deal reached by the UK ...

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United Technologies lifts forecast even as Rockwell deal drags on

Bloomberg United Technologies Corp can’t seem to get its aerospace megadeal across the finish line. But that isn’t stopping the company from capitalising on a booming market. The manufacturer boosted its forecast for the year and topped Wall Street’s third-quarter profit estimates as demand surged for the latest in aviation know-how. Sales at the Pratt & Whitney jet-engine operation jumped ...

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