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Asia investors remain cautious ahead of UK referendum

The yen surged to its highest in more than three years against the euro on Tuesday as chances of Britain voting next week to leave the European Union grew, prompting a flight to safe havens such as the Japanese currency. The British pound fell 0.7 percent to $1.4161, having set ...

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Rising US retail sales offer relief after weak jobs report

Retail sales in the USA increased by more than expected in the month of May, according to a report released by the Commerce Department on Tuesday. Core retail sales – excluding automobiles and parts – increased 0.4 percent after rising 0.8 percent in the previous month. With two straight months ...

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American Airlines unveils changes to frequent-flyer program

American’s new program reflects the spending-based rewards used by Delta and United airlines. But, now they’ll also have hit “spending thresholds” to earn elite status. American Airlines is far from the first airline to make the change. Instead of basing upgrade lists on what time a passenger checked in, it ...

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Sports Direct chairman, Mike Ashley, interested in BHS stores

Sports Direct chairman, Mike Ashley, interested in BHS stores 12 June 2016 From the section Business Image copyright Getty Images The chairman of Sports Direct, Mike Ashley, has written to BHS administrators expressing an interest in taking over a number of its stores. In his letter, Mr Ashley said he ...

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Reality Check: How is the referendum affecting the pound?

Reality Check: How is the referendum affecting the pound? 12 June 2016 From the section EU Referendum The claim: The pound and the FTSE 100 share index are at the same levels as they were in March. Reality Check verdict: Both are indeed at their March levels, but looking a ...

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Walmart Canada to stop accepting Visa

Walmart Canada to stop accepting Visa 12 June 2016 From the section Business Image copyright Getty Images Retailer Walmart Canada will no longer accept Visa cards after it failed to agree a deal with the credit card firm. Fees applied to Visa card purchases “remain unacceptably high,” the company said ...

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EU referendum: Cameron issues Brexit pensions warning

EU referendum: Cameron issues Brexit pensions warning 12 June 2016 From the section EU Referendum Image copyright PA Image caption Mr Cameron and Mr Osborne warned Brexit would cause a £40bn black hole in public finances David Cameron and George Osborne say they might not be able to protect spending ...

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BHS collapse: Sir Philip Green demands 'biased' MP Frank Field resigns

BHS collapse: Sir Philip Green demands ‘biased’ MP Frank Field resigns 11 June 2016 From the section Business Image copyright PA Image caption Sir Philip Green sold BHS in 2015 for £1 Sir Philip Green has demanded MP Frank Field resigns as chairman of a Commons inquiry into the collapse ...

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Energy shoppers given switching promise by industry

Energy shoppers given switching promise by industry By Kevin Peachey Personal finance reporter 11 June 2016 From the section Business Image copyright Energy UK Image caption The Energy Switch Guarantee launched this week Energy companies have drawn up a list of pledges aimed at helping customers to shop around for ...

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Bond Markets Hit by Economic Worries

Bond Markets Hit by Economic Worries By Andrew Walker BBC World Service economics correspondent 10 June 2016 From the section Business Image copyright Thinkstock The returns on British and German government debt, or bonds, have hit new all-time lows. The market has been affected by concerns about the global economic ...

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