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Barclays is resurrecting a risky mortgage product that was killed off after...
Barclays just resurrected a type of mortgage product that was killed off after the credit crisis — "100% mortgages."As the name suggests, a 100% mortgage lets a buyer borrow all the money he or she...
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Sainsbury's is going to start doing mortgages
Sainsbury's is thinking outside the box when it comes to future growth — so now it plans to get into the highly competitive mortgage market.The supermarket chain announced plans to offer a mortgage...
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Boku expands Spotify partnership
This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here.Carrier billing platform Boku announced plans to allow Spotify users...
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BRITAIN: Now is the time to be afraid
On Tuesday morning, Markit released its latest set of data on the state of the UK’s manufacturing sector, and to say things didn't look good would be an understatement. The sector slipped into...
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The ECB's 'aggressive stimulus' is finally driving a European recovery
The European economy enjoyed "tepid" but "sustained" growth in April, proving that the ECB's stimulus measures are finally starting to do their job, according to the latest PMI data released by Markit...
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India rejects Apple's plan to import used iPhones
MUMBAI (Reuters) - India has rejected a plan by Apple Inc to import used iPhones, government officials said, a blow to the U.S. tech giant which has been seeking to revive flagging sales of its...
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PIMCO says buying emerging markets; likes rouble, Mexican peso
LONDON (Reuters) - Asset manager PIMCO said on Wednesday it was time to actively engage in emerging markets again and highlighted the Russian rouble and Mexican peso as examples of assets that offered...
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There's ANOTHER inquiry into the collapse of BHS — and this one could...
Business Secretary Sajid Javid has asked the Insolvency Service to fast-track an investigation into BHS, which collapsed into administration last week putting 11,000 jobs at risk.In a letter to Sarah...
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Etsy made its first profit as a public company — and the market loves it (ETSY)
Etsy is finally profitable.The crafty online marketplace posted its quarterly earnings on Tuesday, and reported its first quarterly profit since going public in April 2015.The market loved it: Its...
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These economic experts are getting seriously worried about Brexit
Economic uncertainty hit its highest point in 19 years during March thanks to the upcoming EU referendum, according to the academic group behind the Economic Policy Uncertainty Index."The upcoming...
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There's one big problem with China's plan to transform its economy
One of China's long-term economic plans is to get its workers out of rural areas and into cities.This is part of China's larger, overall goal of transforming the country's economy into a...
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Britain's biggest payday lender is getting destroyed by regulation
Wonga — the UK's biggest "payday" money lender — has reported a pre-tax loss of £80.2 million ($116.4 million), more than double the £38.1 million loss from last year.Revenues also fell a massive 64%,...
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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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Digital Currency Group prepares for regulation
This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here.Digital Currency Group (DCG), a Bitcoin and blockchain investment and...
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China to invest $11.9 billion in aviation infrastructure in 2016: Xinhua
By Adam Jourdan and Siva GovindasamySHANGHAI/SINGAPORE (Reuters) - China will invest 77 billion yuan ($11.9 billion) this year in building aviation infrastructure, the official Xinhua news agency...
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Panama Canal expansion exposes U.S. infrastructure, shipper woes
By Nick Carey(Reuters) - The $5.2 billion expansion of the Panama Canal was expected to make U.S. East Coast ports more competitive for cargo ships carrying televisions, tennis shoes and other products...
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The 10 most important things in the world right now
Hello! Here's what you need to know on Thursday.1. Ohio Governor John Kasich dropped out of the presidential race Wednesday, effectively handing the Republican presidential nomination to Donald...
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10 things you need to know in markets today
Good morning! Here's what you need to know in markets on Thursday.Credit Suisse is cutting jobs in London, according to people familiar with the matter.The bank is putting about 130 people at risk of...
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Britain is horribly unprepared for the coming recession
It's the worst of all worlds: Britain looks like it is slipping complacently into a new recession but the country is hopelessly unprepared to deal with it.The macro data is ugly:Construction growth is...
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Understand fintech - Amazon's next possible frontier - with this report (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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