The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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American Express profit almost flat, expenses fall

Credit-card giant American Express Co. said Wednesday that its third-quarter profit was just about flat, as cardmember spending grew at a slower pace than was seen earlier in the year
American Express said it earned $1.25 billion, or $1.09 a share, compared with a profit of $1.235 billion, or $1.03 a share, in the same quarter a year ago
Revenue, net of interest expense, rose 4% to $7.9 billion
Analysts surveyed by FactSet Research were expecting a profit of $1.09 a share on revenue of $7.89 billion
Total expenses fell 2% to $5.51 billion

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