Indian stocks slip after Moody’s lowers outlook to negative

Indian stocks slip after Moody’s lowers outlook to negative

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Indian stocks wobbled on their record-high perch after Moody’s lowered its outlook for the country to negative, citing concern over a deepening economic slowdown and insufficient government action. The New York-based credit rating agency said it was less confident about the government’s ability to manage the slowdown, which has seen growth in gross domestic product […]

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Michael Bloomberg takes steps towards Democratic presidential run

Michael Bloomberg takes steps towards Democratic presidential run

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Michael Bloomberg, the billionaire former mayor of New York City, is laying the groundwork to enter the Democratic presidential race months before voters in Iowa and New Hampshire kick off the fight to choose the 2020 nominee. Mr Bloomberg ruled out a run in March, saying he was “clear eyed” about the difficulty of breaking through a […]

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© Reuters. Larsen speaks during House aviation safety hearing in Washington

Democratic lawmakers question FAA decisions on Boeing safety issues By Reuters

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© Reuters. Larsen speaks during House aviation safety hearing in Washington By David Shepardson WASHINGTON (Reuters) – Two Democratic U.S. lawmakers said on Thursday the Federal Aviation Administration overruled agency technical specialists on two Boeing (NYSE:) Co safety issues involving the 737 MAX and the 787 Dreamliner jets that they said could be “potentially catastrophic.” […]

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Gap chief to step down as retailer sends profit warning

Gap chief to step down as retailer sends profit warning

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Gap said on Thursday its chief executive Art Peck will step down, as the retailer struggles to win back customers amid softer sales. Shares in the company dropped more than 8 per cent in after-hours trading, after Gap announced Mr Peck’s departure and warned that its profits this year will be smaller than previously forecast. […]

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PG&E expects more than $6 billion in wildfire costs this year

PG&E expects more than $6 billion in wildfire costs this year

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PG&E Corp. reported a substantial third-quarter loss Thursday, driven by catastrophic wildfires that have been blamed on the utility’s outdated transmission lines. The company anticipates those costs could escalate to as much as $6.3 billion this year. Its shares dropped more than 12%. The parent company of Pacific Gas & Electric filed for bankruptcy protection […]

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