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Financial Market News & Analysis

GOP: Lerner emails show bias against conservatives

State Dept: 'No American is proud' of CIA tactics

Bouyant property market lifts Countrywide

Oswner of 52 high street estate agency chains such as Bairstow Eves and Hamptons to return cash after initial public offering of Zoopla

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Lloyds takes fresh £600m PPI hit

Bank admits ‘historic conduct issues’ continue to a theme for UK retail banks with insurance mis-selling scandal continuing to overhang progress

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Lloyds will ask to re-start 'modest' dividend payments

LONDON (Reuters) - Lloyds Banking Group said it will ask to restart dividend payments at a "modest" level after reporting a one-third jump in underlying profit despite another jump in the cost of compensating customers mis-sold loan insurance.

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Congress races to finish veterans, highway bills

AstraZeneca smashes forecasts in second quarter after seeing off Pfizer

LONDON (Reuters) - AstraZeneca smashed forecasts for second-quarter sales and earnings on Thursday, demonstrating resilience after seeing off a $118 billion (69.7 billion pounds) takeover approach from rival drugmaker Pfizer two months ago.

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BT profits lifted by cost cuts, broadband

Telecoms group sees 10% in revenue from broadband and pay-TV amid demand for BT Sport rose despite not having rights to key end-of-season Premier League fixtures

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Rolls-Royce says on track for full-year

LONDON (Reuters) - Engine maker Rolls-Royce said it was on track to return to growth next year, after reporting an expected 20 percent drop in first-half profit due to shrinking defence spending, currency headwinds and difficulties in its marine unit.

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Argentina braces for market reaction to second default in 12 years

A woman walks past a graffiti in Buenos AiresBy Sarah Marsh BUENOS AIRES (Reuters) - Argentina defaulted for the second time in 12 years after hopes for a midnight deal with holdout creditors were dashed, setting up stock and bond prices for declines on Thursday and raising chances a recession could worsen this year.

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