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Lending Helps JPMorgan, but 4th Quarter Was Soft
Wall Street, more than three years after the financial crisis, has loosened its lending tap. Consumers, however, have yet to reap the benefits. Results announced on Friday by the nation’s strongest and biggest bank by assets, JPMorgan Chase, point to a
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U.S. Trade Deficit and Consumer Sentiment Rise
The United States trade deficit widened in November to its largest point in five months, prompting some economists to slightly rein in growth expectations for the fourth quarter. A separate survey released on Friday showed that consumer sentiment hit an
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Let Mexico’s Moguls Battle
The Economist (04/02/12): Mexico suffers from two near-monopolies. It should let them fight each other IN A futuristic art gallery which Carlos Slim opened last year in Mexico City, visitors can enjoy, among other things, a hall of rare coins
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A New Generation of Banker
Brazilian Alessandra França, by no means fits the banking stereotype at only 26 she has already, established a bank for the poor after reading the biography of Muhammad Yunus, Nobel Peace Prize winner in 2006. By Marco dos Santos The young
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Brazilian Blowout Legally Labeled Carcinogenic … Will It Matter?
Amy Westervelt, Forbes (30/01/12): Last year women’s magazines and pop culture blogs were afire with the news that the popular Brazilian Blowout–an expensive salon treatment that promises to smooth and straighten hair for up to six months–released formaldehyde, a known
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Big Banks: Cure or Curse for the Global Economy?
Friday 27 January 2012, CFI with report from the World Economic Forum in Davos, Switzerland with anchor Bloomberg Television Key Points Banking reforms are still a work in progress – there is still a long way to go before the global
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Carlos Slim May Pour $14 Billion To Strengthen Latin American Cell Phone Empire
Ivan Castano, Forbes (24/01/12): The richest man in the world wants to make sure his cell-phone company America Movil, the largest in Latin America, remains that way. To do so, Mexican billionaire Carlos Slim Helu could invest at least $13.9
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Sharing of the “Abu Dhabi Experience” To Support Enhanced Environmental Decision Making in Emerging Economies
The Eye on Earth Abu Dhabi 2011 Summit is dedicated to the critical issue of greater access to environmental and societal data for enhanced decision making, especially in emerging economies. His Highness Sheikh Hamdan also welcomed former President Bill Clinton
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Erajaya Raises $100 Million From Indonesian IPO
The Indonesian mobile retailer sells 32% of its share capital at the bottom of the price range. Meanwhile, New World Development’s rights issue ends significantly oversubscribed. Indonesia’s biggest retailer of mobile phones and other wireless communication products, Erajaya Swasembada, has
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Morgan Stanley: Firing the Last Round
To explain why, since initiation in late 2006, we have framed our market call by varying our equities weighting within pre-defined limits, a digression into Jonathan’s personal history may be relevant: I would not be here if my grandfather had
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