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Hammond pledges ‘whatever measures’ needed for economy

  Bloomberg Philip Hammond, the U.K.’s newly appointed chancellor of the exchequer, said the vote to leave the European Union had “rattled confidence” and that he will take “whatever measures” needed to shore up the British economy. “The number one challenge is to stabilize the economy, send signals of confidence about the future, the plans we have for the future ...

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German bonds lag behind higher yielding peers on stimulus wagers

  Bloomberg Germany’s government bonds lagged behind their higher-yielding peers as speculation major central banks will inject another dose of monetary stimulus curbed demand for the safest assets. Italian 10-year securities rose for a second day, while the extra yield Spanish bonds offer over German debt narrowed to the least since March. The split in the market came before an ...

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Sainsbury wins $91mn in Mastercard fee dispute in UK

  Bloomberg J Sainsbury Plc was awarded £69 million ($91 million) by a London judge following a long-running dispute over fees charged on card transactions with Mastercard Inc. Mastercard charges on U.K. credit and debit card transactions restricted competition, according to a Competition and Appeal Tribunal judgment published on Thursday. The judgment is the first in a series of claims ...

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