The British economy showed no growth in the third quarter, according to revised figures, dealing a blow to the new Labour government's growth mission. The Office for National Statistics blamed weaker trading in bars and restaurants, while critics argue Labour's negative economic outlook and tax hikes have damaged the economy.
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U.S. stock index futures inched up on Monday as a last-minute government funding bill averted a shutdown, while optimism about cooling inflation started the holiday-shortened week on a positive note. However, a cooler-than-expected inflation report on Friday eased some worries about interest-rate cuts next year, helping the three main U.S. stock indexes to bounce back.
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Tractors and pick & carry crane manufacturer Indo Farm Equipment will open its IPO subscription on December 31. This will be the last public issue of the current month as well as of the current year. The issue will close on January 2, while the share allotment will be finalised by January 3, and the trading in Indo Farm shares will commence on the bourses effective January 7.
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