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Property: Speck of cloud in JPMorgan’s silver lining

  Bloomberg At first glance, it’s hard to find much new to worry about in JPMorgan Chase’s second-quarter earnings report. Most of the important numbers beat estimates, although those estimates dropped like crazy before the report as the outlook for interest rates this year went from lower-for-not-much-longer to lower-for-who-knows-maybe-forever. Still, loan growth was robust and credit quality trends appeared to ...

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May stresses UK’s role as global player

  Bloomberg Prime Minister Theresa May will make the case for Britain remaining a powerful player in the world after last month’s vote to leave the EU. The premier will use her first appearance in parliament since succeeding David Cameron to argue for renewing the Trident nuclear-weapons system after a weekend in which the team overseeing the divorce from the ...

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Kenya may ink EU trade deal alone as Brexit spooks African neighbours

  Bloomberg Kenya may abandon 10 years of negotiating a trade deal with the EU as part of the regional East African Community bloc and go it alone, to avoid having duties of as much as 30 percent slapped on its exports from October. A so-called Economic Partnership Agreement between Kenya, Uganda, Tanzania, Rwanda and Burundi and the EU is ...

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