November, 2017

• 27 November

  China industrial profits held up in October amid price gains

  Bloomberg Chinese industrial profits maintained their recent surge, underscoring resilience in the economy and strength in producer inflation. Industrial profits increased 25.1 percent in October from a year earlier, compared with a 27.7 percent pace a month earlier that was the highest in almost six years, the National Bureau of Statistics said on Monday. Profits in the first 10 months ...

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• 27 November

  Hong Kong housing market shows no signs of cooling

  

  Bloomberg Hong Kong’s red-hot housing market shows no signs of cooling anytime soon. Prices in the city have climbed 11 percent this year, defying skeptics waiting for the bubble to burst and government attempts to rein in the world’s most expensive housing market through a raft of taxes and mortgage curbs. If anything, the frenzy has intensified in recent months ...

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• 27 November

  UK to mitigate Brexit effect with industrial strategy

  

  Bloomberg Business Secretary Greg Clark said reviving Britain’s flagging productivity lies at the heart of the industrial strategy he was expected to unveil it on Monday to help chart the future of Britain’s economy as the country leaves the EU. While Britain would pursue the strategy “regardless” of Brexit, the plan will take the sting out of the uncertainty sparked ...

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• 27 November

  ‘Biggest UK gender pay gap lies in London’

  

  Bloomberg Women working in London are paid the least relative to their male counterparts in the whole of the UK. The gender pay gap in London is almost as big now as it was in 1997, meaning the UK capital has gone from having the narrowest divide to the widest in 20 years as other UK regions posted greater improvements, ...

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• 27 November

  Meredith agrees to buy Time Inc for $2.8bn

  

  Bloomberg Meredith Corp. agreed to acquire Time Inc. for $2.8 billion including debt, swallowing the once-mighty home of Fortune and Sports Illustrated after the internet age wreaked havoc on even the most prestigious magazine titles. The $18.50-a-share offer is an all-cash one, Meredith said in a statement. The deal gives Meredith, publisher of Better Homes & Gardens, a larger audience ...

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• 27 November

  Italy consumer confidence falls before Christmas

  Bloomberg Italian consumer confidence unexpectedly fell this month as shoppers start to plan their Christmas gift expenditures. The household sentiment dropped to 114.3 from a revised 116.0 in October, statistics agency Istat said Monday in Rome. The median estimate in a Bloomberg survey of 12 analysts called for a November reading of 116.5. “It’s bad news ahead of Christmas,” said ...

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• 27 November

  Cable operators settle on new strategy to combat streaming services

  

  Bloomberg Cable companies are settling on a new strategy to combat streaming services like Netflix and Hulu: If you can’t beat ’em, join ’em. Comcast Corp. and Charter Communications Inc., the two biggest US cable operators, are in talks to offer Hulu’s on-demand service through their set-top boxes, according to people with knowledge of the matter. Comcast, the largest cable ...

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• 27 November

  Germany’s standoff eases as wrangling shifts to coalition

  

  Bloomberg Germany’s political stalemate showed signs of easing as the Social Democrats started haggling over terms of a renewed coalition with Chancellor Angela Merkel’s conservative bloc rather than outright blocking an alliance between Germany’s two biggest parties. The possibility of the SPD again joining a Merkel-led government in a “Grand Coalition” has unfolded quickly, with the party opening the door ...

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• 27 November

  Russia: North Korea taking step towards denuclearisation

  Bloomberg Russia’s deputy foreign minister said North Korea’s current pause in provocations — the longest since last winter — indicates a step toward denuclearisation of the Korean peninsula. “I think North Korea’s restraint for the past two months is within the simultaneous freeze road map” suggested by China and Russia, Igor Morgulov told reporters in Seoul on Monday. Russian and ...

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• 27 November

  UK faces Brexit deadline on Irish puzzle as Varadkar clings on

  

  Bloomberg Prime Minister Theresa May has a week to find a compromise on the conflicting Brexit demands from the north and south of Ireland, and a political scandal threatening the Irish government could further undermine her chances of success. Irish Prime Minister Leo Varadkar wants written assurances that Brexit won’t mean a return to checkpoints and towers along what will ...

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