Updated August 27 at 12:28pm
Local News
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A Banco Santander SA unit told a London judge that four state-owned bus and metro companies in Portugal defaulted on a type of interest-rate hedging derivative known as a “snowball.” more
Private wealth will grow more slowly because the global economy isn’t advancing as quickly as expected, according to Credit Suisse Group AG. more
August “arrived with a bang for Rhode Island,” according to University of Rhode Island economist Leonard Lardaro. more
Southcoast Health System ranks eighth in the nation in BetterDoctor’s Best Hospitals for Emergency Heart Attack Care. more
Federal Reserve Bank of New York President William C. Dudley said he expects the U.S. central bank to raise interest rates by December, echoing comments by fellow regional Fed chief Dennis Lockart in Atlanta, while cautioning that this was not a pledge to action and will depend on the economy staying on track. more
Foreclosure rates fell in the Providence-Warwick metropolitan area in July to 1.64 percent, a decrease from July 2014 when the rate was 1.79 percent, CoreLogic said Friday. more
Hotel tax collections jumped nearly 25 percent in July when compared with July 2014, the state Department of Revenue reported Friday. more
Nortek Inc. said that it has ended discussions to sell the company. more
The Providence Preservation Society has opened the nomination period for its annual Most Endangered Properties list. more
David V. Devault, vice chair, secretary and chief financial officer of Washington Trust Bancorp, is the business leadership award winner in Providence Business News’ 15th annual competition. more
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