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THE FINTECH REGULATION REPORT: How European regulators are creating fertile...
Financial technology — known more commonly as fintech — is attracting a lot of attention globally. Fintech companies provide technologies that aim to disrupt the financial services industry by making...
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China bets on duty-free paradise to keep luxury spenders at home
By Farah MasterSANYA, China (Reuters) - China's efforts to lift local consumption, spur domestic tourism and keep within its borders citizens that splurge in Milan or Seoul have spawned a duty-free...
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New credit card scrutiny sends Indonesians back to cash
By Gayatri Suroyo and Fransiska NangoyJAKARTA (Reuters) - Indonesia's plan to track all credit card transactions in a bid to crack down on rampant tax evasion is pushing people back to cash, stifling...
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The antidote to China's debt addiction could make things worse
China is hooked on debt, and the policymakers' idea of treating the addiction could make things worse.Chinese officials said two months ago they will make it easier for commercial banks to swap problem...
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Noble Group says CEO resigns, sells U.S. energy unit
SINGAPORE (Reuters) - Noble Group , which has been battling to boost investor confidence after an accounting dispute and weak commodity markets, said on Monday its chief executive has resigned.The...
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Fed's Bullard keeps mum on monetary policy in academic conference speech
SEOUL (Reuters) - St. Louis Federal Reserve President James Bullard did not comment on current U.S. monetary policy in his speech at an academic conference on Monday in South Korea.Bullard will be...
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Asia shares slip, dollar firm after Yellen's hike remarks
By Lisa TwaroniteTOKYO (Reuters) - Asian shares edged down on Monday and the dollar marked fresh highs after Federal Reserve chief Janet Yellen suggested that an interest rate hike could be around the...
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The amazing story of how a Navy pilot-turned-Superbowl winner made it on Wall...
Phil McConkey is not your average Wall Streeter.His father worked three jobs to put him through private school. He served in the US Navy as a nuclear weapons transshipment pilot, before winning a...
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Japan weak retail sales bolsters tax hike delay plan
By Stanley White and Izumi NakagawaTOKYO (Reuters) - Japanese retail sales fell in April for the second consecutive month, bolstering the argument that a nationwide sales tax increase scheduled for...
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Fintech firms could find surprising exit thanks to this unlikely major player...
This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here.The arrival of the age of fintech is about to shake up the financial...
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Petrobras CEO Bendine offers resignation; replacement passes test
By Marta NogueiraRIO DE JANEIRO (Reuters) - Aldemir Bendine, chief executive officer of Brazil's state-led oil company Petroleo Brasileiro SA , offered his resignation on Monday and is set to be...
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The Jaguar XF proves growing up doesn't mean the fun is over
Over the past few years, Jaguar Land Rover has been one of the fastest-growing car companies in the US market. However, most of this growth has been thanks to the Land Rover part of JLR. In 2015, JLR's...
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DISTRESSED INVESTOR: 'It’s time to put money to work'
Investors who specialize in distressed investing are getting ready to spend."It's obviously an energy and commodities-focused distressed cycle...and it reminds me of the early 2000s tech and telecom...
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These are the worst shorts a man can wear
.Join the conversation about this story »NOW WATCH: Don't walk into an interview at Goldman Sachs without doing this first
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LATAM Airlines joins Venezuela airline exodus
By Rosalba O'BrienSANTIAGO (Reuters) - LATAM Airlines on Monday became the latest carrier to suspend its operations in Venezuela, blaming "the current complex economic scenario in the...
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Struggling energy companies are getting money from an unlikely source
Banks have been pulling back from lending to energy companies.Hedge funds and buyout firms have been stepping in to the void.The oil price is down more than 50% since mid-2014, and banks are less eager...
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Air France-KLM in talks to sell stake in catering unit to China's HNA
PARIS (Reuters) - Air France-KLM is entering exclusive negotiations with China's HNA Group to sell a stake in its catering business Servair, the Franco-Dutch airline group said on Monday.A deal to sell...
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LVMH appoints Luxottica executive as Loro Piana CEO
MILAN (Reuters) - French luxury goods group LVMH has appointed Fabio d'Angelantonio as the next chief executive of high-end textile and clothing company Loro Piana, it said on Monday.D'Angelantonio, a...
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This finance trend is so hot even Amazon wants in (AMZN)
This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here.The arrival of the age of fintech is about to shake up the financial...
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Airbus sales chief sees room to raise A320 production
HAMBURG (Reuters) - Airbus' sales chief says production rates of the best-selling A320 jet could be raised further, depending on demand, but no decision needed to be taken soon."My opinion based on the...
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