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S&P settles Australian lawsuit over Lehman Bros collapse
SYDNEY (Reuters) - A substantial settlement has been reached in a landmark A$200 million ($143 million) class action brought against ratings agency Standard & Poor's, according to the law firm for...
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Japan fund makes late move to thwart Hon Hai in Sharp battle: sources
TOKYO (Reuters) - A Japanese state fund is making a final effort to secure a takeover of Sharp Corp <6753.T> as the ailing electronics maker considers a higher $5.8 billion offer from Taiwan's...
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An app-only bank with just 1,500 customers is now worth £30 million
Aspiring app-only bank Mondo has been valued at £30 million in a £6 million funding round, despite the fact that it has yet to fully launch to the public or secure a banking licence.Mondo has raised £5...
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We finally got a sign that Sweden's crazy experiment with negative interest...
Finally, we've got a sign that the Swedish government's massive experiment with negative interest rates might actually be doing what it's supposed to.On Thursday morning, the Riksbank dropped its...
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These are the top 25 richest people in Britain (and none of them are the Queen)
The richest people in Britain more than doubled their wealth over the last decade. According to the Sunday Times Rich List 2015, the 1,000 wealthiest individuals and families now have a combined...
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The Work Terminator — How the rise of AI and robots could kill jobs and boost...
The future is supposed to be a glorious place where robot butlers cater to our every need and the four-hour work day is a reality.But the true picture could be much bleaker.Top computer scientists in...
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Here are the similarities between 2016 and the 2008 financial crisis
2016 has a been a jittery, volatile year so far for markets. The trouble began with circuit-breaker halts in Chinese stock markets and continued with a bank rout in Europe.George Soros, one of the...
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The company that found oil at Gatwick just pumped 'significant' amounts for...
UK Oil and Gas Investments (UKOG), the small company which last year made one of the biggest onshore oil discoveries in British history, has finally struck oil, and its shares are going absolutely...
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VAROUFAKIS: Trump is popular because voters want to 'punish the establishment'
Outspoken former Greek Finance Minister Yanis Varoufakis compared the popularity of Republican Presidential candidate Donald Trump to the rise of Fascism across Europe in the 1930s.Varoufakis, who ran...
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Everybody calling for the Fed to admit defeat is wrong
In December 2015, the Federal Reserve raised rates for the first time in nine years.And then markets got really, really choppy.Following the Fed's announcement stocks around the world got hammered, the...
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These are the 27 countries with the highest levels of tax
Every year, the World Economic Forum releases its Global Competitiveness Report on the state of the world's economies.The WEF looks at data on areas as varied as the quality of the teaching of math in...
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Here's why negative interest rates could be heading even lower
Several central banks around the world have taken interest rates into negative territory.Theoretically, negative interest rates are supposed to boost economic activity by encouraging lending from banks...
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'Weapons of Mass Destruction' are creating havoc in financial markets
The solution may be the problem.That's Wall Street's emerging consensus on negative interest rates, which have been implemented around the world in a bid to catalyze economic growth.In all, 489 million...
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ANALYST: Saudi Arabia is using the Frank Underwood playbook
ANALYST: Saudi Arabia is using the Frank Underwood playbookJoin the conversation about this story »NOW WATCH: Uber agrees to pay $28.5 million to riders — see if you may be eligible for a refund
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Here's what happens when an old-school finance firm buys a startup
As technology startups disrupt the retail, healthcare, and finance sectors, many traditional companies — those getting disrupted — are choosing to partner with the innovators.Last year, the...
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Elon Musk and Tesla finally own Tesla.com (TSLA)
Elon Musk and Tesla have finally gained control of the Tesla.com domain name.According to Bloomberg's Dana Hull, Tesla Motors confirmed that the company now owns the Tesla domain name. For most of the...
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How a former Google executive plans to build an unprecedented test for cancer...
Jeff Huber spent over a decade helping Google launch some of its biggest projects – from its ad platform to Google Maps.This week, he left the company to take on a more personal challenge: developing...
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Here's a key reason millennials are leaving their companies in droves
Millennials are proving a somewhat slippery group for employers to hold onto.A recent Deloitte survey found that two-thirds of millennials across the globe plan to leave their current organization by...
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Blockchain startup itBit is opening up in London office — here's what its...
New York-headquartered blockchain startup itBit on Tuesday announced it is opening a new London office to spearhead expansion in Europe, the Middle East, and Africa.We felt that was a good excuse to...
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Citi has a wild theory that Google should buy one of the world's biggest...
Now here's some blue sky thinking.In a note circulated on Tuesday, Citi financial analyst Todd Bault and his team have this suggestion:There is a real opportunity for a major tech firm like GOOGL and...
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