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Wednesday, March 1, 2017

US growth and trade data disappoint but Trump promises 'revved-up economy'

* Trump: we have to spend more on defence * ...money will come from a “revved up economy” * Chances of US rate rise in March increase * Greece: inspectors return to monitor bailout * Southern Rail owner Go-Ahead sees rail profits plunge * Greggs shares slip after results * French economy grows by 1.1% in 2016 2.49pm GMT Ahead of the much anticipated address to the US Congress by President Trump later and following slightly disappointing trade and GDP figures, Wall Street has slipped back from its record highs. If the Dow Jones Industrial Average closes at a new record high, it will equal its best ever winning streak of 13 days. But in early trading the Dow is down 18 points or 0.09%, while the S&P 500 opened down 0.16% and the Nasdaq Composite 0.12%. 2.47pm GMT Here is our story on the BHS pension scheme, from Graham Ruddick: Sir Philip Green has agreed to pay up to £363m into the BHS pension scheme as part of a cash settlement with the Pensions Regulator. BHS collapsed into administration last April, leading to the loss of 11,000 jobs and leaving a £571m pension deficit. Related: Philip Green agrees to pay £363m into BHS pension fund Continue reading...


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