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China has been making 'under appreciated progress' on fixing its banks, but...
China’s banking sector has been making unexpected progress towards dealing with its credit problem.UBS conducted an analysis of 765 banks in China, and found that “contrary to market perception, bank...
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Nike's stock falls behind rivals amid Rio Olympics
By Noel RandewichSAN FRANCISCO (Reuters) - Nike has top billing among sports brands at the Rio Olympics, but a week into the Games, its stock is losing to Adidas and Under Armour .The quadrennial...
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THE PAYMENTS INDUSTRY EXPLAINED: The Trends Creating New Winners And Losers...
The way we pay is changing dramatically. For example, people are beginning to use their smartphones for every kind of formal and informal transaction — to shop at stores, buy songs online, and even...
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Hong Kong's 'frothy' housing market could become a major problem
Hong Kong's latest rebound could end up being just a blip.On Friday the Hong Kong Census and Statistics Department reported that the economy grew by 1.6% in the second quarter.This was above...
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Negative rates seen reducing Japan big banks' profits by $2.96 billion: Nikkei
TOKYO (Reuters) - Japan's financial watchdog estimates that negative interest rates under the Bank of Japan's monetary easing policy will reduce profits for the country's three big banks by at least...
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Wall St. Week Ahead: Cheap clothes makes for pricy stocks at TJX, Ross
By Rodrigo Campos and Nandita BoseNEW YORK (Reuters) - Consumers are flocking to discount apparel retailers, but investors are faced with nothing close to a bargain as stocks in the sector rally.Few...
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MasterCard breaks into cross-border tuition (MA)
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.Mastercard will partner with cross-border payments firm Plastiq to allow...
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There's a £400 billion problem lurking in Britain's future — and the Bank of...
The UK has run up a national pension deficit of more than £400 billion ($518 billion) over the past decade, becoming the biggest liability to the economy.Even worse, the Bank of England's decision last...
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The 16 countries with the worst reputation in the world
The 16 countries with the worst reputation in the world have been announced by the Reputation Insitute in its annual RepTrak index.Rankings are based on a number of key drivers, including tolerance,...
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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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There's a key point this year when we'll know if Britain's housing market is...
Britain's property sales and price growth are slowing down but there is a "pivotal month" when we will know if the wider housing market is going to be in serious trouble, according to one of the...
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Alipay strikes a partnership with Ingenico (BABA, ING)
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.Alibaba-affiliated mobile wallet Alipay will partner with point-of-sale (POS)...
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These are the British industries that most depend on European investment to...
Britain's manufacturing, transport, and utilities industries could take a huge hit if EU countries decide to stop investing in the UK in the wake of Brexit.Nearly half the UK's £1 trillion ($1.29...
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Take a tour of the most expensive home in Europe
Palais Bulles — or the "Bubble Palace" as it's better known — in Cannes, France, is the most expensive property in Europe.As its name suggests, the $455 million (£351.7 million) home, listed by...
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Banks pilot blockchain to simplify trade (BAC, HSBC)
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.Bank of America Merrill Lynch and HSBC have teamed up with the Infocomm...
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Lufthansa and pilots union break off pay talks
BERLIN (Reuters) - Germany's Lufthansa and pilots' union Vereinigung Cockpit (VC) have broken off talks over pay and early retirement terms after months of negotiations, they said on Saturday.While...
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The 16 countries with the biggest piles of gold
Gold is in the midst of something of a renaissance. With uncertainty about the future direction of the global economy, fears about what Britain's Brexit vote means for Europe, and serious geopolitical...
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How to dominate your fantasy Premier League, according to the man who beat...
With the Premier League season kicking off on Saturday, millions of football fans from around the world are making last minute changes to their fantasy teams.The game allows the savviest football fans...
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'An unsettled world': The CEOs of America's largest companies are worried...
How are people feeling about the economy?If you were to listen to the managements and CEOs of some of the largest companies in the US, you would assume that the world is melting down.In a round up of...
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This billionaire CEO cares about his employees more than investors, and the...
Shigenobu Nagamori, Nidec Corp.'s billionaire CEO, has something to confess.The 71-year-old CEO thinks his employees are more important than investors, according to an interview with Bloomberg's Tom...
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