UK Businesses Report Easing Price Pressures BoE Survey

LONDON, Dec 1 Reuters British businesses reported cooling price pressures but warned of lower employment and investment ahead, in a Bank of England survey on Thursday that should reassure policymakers that their interest rate rises are taking effect. Businesses on average reported that they have raised prices by 7.2 over the 12 months to November, the smallest […]
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TD Bank Quarterly Profit Jumps on Higher Rates Boost

Dec 1 Reuters Canada39;s TD Bank posted a surge in fourthquarter profit on Thursday as gains from higher interest rates boosted its personal and commercial business and helped offset weakness in underwriting and capital markets. The lender set aside C617 million in loan loss provisions, compared to a release of C123 million a year earlier. TD […]
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Petrobras Boosts FiveYear Investment plan to 78 Billion

HOUSTON, Nov 30 Reuters Brazil39; statecontrolled oil producer Petrobras on Wednesday disclosed a 15 increase in its fiveyear spending plan to 78 billion, with little change to the company39;s strategy of focusing on fossil fuel production. The last Petrobras business approved under President Jair Bolsonaro could be scrapped next year, as a newly elected government that […]
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