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...Wednesday’s Child by Yiyun Li 4th Estate £16.99, 256 pages Join our online book group on Facebook at FT Books Café...
...While on Tinos, one of the northernmost islands in the group and still comparatively undeveloped, 77-room Odera (oderatinos.com) opens in May above a secluded pale sand beach....
...Government debt rose to 131% of GDP by 2000 in Japan....
...The yen was little changed on Wednesday at 131.7 to the dollar, following a rise of nearly 4 per cent on Tuesday....
...Almost eight in 10 (77 per cent) say they would be more likely to invest in a fund or investment trust if the manager is personally invested in it....
...Yesterday the McKinsey Global Institute released a dire 131-page report warning that climate change will create upheaval for many industries and regions....
...Under Jeffrey, the Review consistently achieved a tone nicely described by Walter Bagehot, who edited The Economist from 1861-77, as “glanc[ing] lightly from topic to topic, suggesting deep things in jest...
...It found that, at an MP3 bitrate of about 256 kb/s (versus 1,411 kb/s for a CD), even trained sound engineers could barely distinguish between the two file formats across genres....
...Net income fell to $131.7m, or 27 cents a share, compared with $223m, or 46 cents a share, in the year-ago period....
...Brent crude settled at $77.39 a barrel, down 1.1 per cent. Gold was unchanged at $1,256 an ounce....
...By comparison, Italy’s debt is 131 per cent of GDP. Under current law, which is what the Congressional Budget Office must assume, US debt would reach 96 per cent of GDP in 10 years....
...Consequently, there was net debt of £131.4m at the half year, although a small net cash position is expected by the July year-end....
...at 07:57 Asian markets Nikkei 225 down -63.14 (-0.31%) at 20,267 Topix down -8.31 (-0.50%) at 1,664 Hang Seng up +93.66 (+0.34%) at 27,607 US markets S&P 500 up +0.18 (+0.01%) at 2,497 DJIA down -11.77...
...The dip for Treasury yields helped gold reassert its upward momentum, with the metal up $7 to $1,256 an ounce — the highest since just after the US election — and $21 higher for the week....
...20,728 Nasdaq up +16.80 (+0.28%) at 5,914 European markets Eurofirst 300 up +6.97 (+0.47%) at 1,501 FTSE100 down -4.20 (-0.06%) at 7,370 CAC 40 up +20.60 (+0.41%) at 5,090 Dax up +53.43 (+0.44%) at 12,256...
...Brent crude, the international benchmark, was down 0.1 per cent at $51.49 a barrel, while West Texas Intermediate slid 0.1 per cent at $48.77....
...The deal covers 77 per cent of claims by value, leaving the bank to negotiate with two remaining shareholder groups or see them in court....
...The yellow metal was up 0.2 per cent on Friday at $1,256.41 an ounce, but had declined for eight consecutive sessions to Thursday’s close, equalling an eight-day slide in late May....
...The metal, which touched $1,337 an ounce on Wednesday in an initial response to Mr Trumps’s victory, was down $21 on Thursday at $1,256 an ounce....
...Gold, which is sensitive to monetary policy expectations and the buck, is down 0.1 per cent at $1,256 an ounce....
...Gold, which tends to move in response to moves by the dollar and interest rate expectations, was up 0.3 per cent at $1,256.63 an ounce. Oil prices recovered slightly in Asia....
...Income from “distress warrant enforcement” — when bailiffs are sent to a property — rose from £49.7m to £77.5m....
...A choppy day for the wider market left the FTSE 100 higher by 0.3 per cent, up 16.37 points to 6,167.77....
...Tesla said it would issue 0.122-0.131 of a share for each share of SolarCity. Based on Tesla’s closing price on Tuesday, that was equivalent to $26.79-$28.77 a share....
...In the 2015/2016 year, the gap between the salaries of senior managers in China and counterparts in Japan and South Korea widened further, with the China average rising to $131,987, against $120,942 for...
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