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AIG stripped of ‘too big to fail’ label by US regulators

InsurerAIG,rescuedbytheUSgovernmentatthepeakofthe2008financialcrisis,willnolongerfacethestricteroversightofa"toobigtofail"institution,theUSTreasuryDepartmentsai

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New Zealand's economy, financial system "sound": report

NewZealand'seconomyandfinancialsystemremainonasoundfootingdespitecontinuingchallengesintheglobalenvironment,accordingtotheReserveBank'sAnnualReport2016-17releas

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South Korea follows China with ban on ICOs

SouthKorea’sfinancialauthoritiesannouncedFridayabanoninitialcoinofferings(ICOs),followingChina’smovesearlierthismonthtohaltagrowingbutunregulatedformoffundraisi

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General strike to hit Lebanon against delay in salary hike

TheAssociationofPublicAdministrationEmployeescalledMondayforanopen-endedstrikestartingTuesdayinallstateinstitutions.Thestrike,accompaniedwithacentralsit-inatBei

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China's LeEco to buy finance business from affiliate for 3 bln yuan

ThemainlistedunitofChinesetechnologyconglomerateLeEcosaidonSundaythatitplanstobuyinvestmentandfinancialserviceassetsfromanaffiliateforupto3billionyuan($455.24mi

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British banks' pessimism in worst run since financial crisis

OptimismaboutthebusinessenvironmentamongBritain’sfinancialservicesfirmsdeclinedagaininthethirdquarterofthisyear,thelongestrunoffallingsentimentsincetheglobalfin

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84% Chinese can go out without cash: Report

About84percentoftheChinesepeoplecanacceptgoingoutwithoutanycash,accordingtoareportofmobilepaymentusageinChinareleasedbyChinesemobilepaymentsolutionWechatPay.The

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Indonesia tightens rules to curb money laundering, terror funding

Indonesiahasissuednewregulationsaimedatcurbingmoneylaunderingandterror-relatedfinancingacrossabroaderrangeoffinancialserviceproviders,includingmoneychangers,cre

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London stays world's top finance center despite Brexit

Londonremainstheglobe’smostattractivefinancialcenter,extendingitsleadoverNewYorkdespiteBritain’sloomingdeparturefromtheEuropeanUnion,asurveyfoundonMonday.Britai

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Review: Bank of England's present echoes in past

ThedebatesthatswirlaroundtheBankofEnglandtodayhaveechoedthroughoutitspast.Familiarthemesrecurin“TillTime’sLastSand”,DavidKynaston’smagisterialhistoryofthe323-ye

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Yellen to Trump: Don't expect a flip-flop on financial reforms

AmericaneconomistJanetYellendeliveredamessagetoPresidentDonaldTrumponFriday,makingitclearthatifhere-nominatesherasFederalReservechairshewillnotturnherbackonther

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Brexit will create some 80,000 jobs, says report - in Frankfurt, not UK

Brexitwillfinallydeliverthejobsboomthathasbeenpromised–justnotintheUK.Accordingtoanewreport,some80,000jobswillbecreatedinFrankfurtbecauseoftheexpectedrelocation

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China: Preventing financial risks vital to economy

AttheNationalFinancialWorkConferencelastmonth,PresidentXiJinpingemphasizedtheneedtopreventsystemicfinancialrisks,becausefinanceisthecorecompetitivenessofacountr

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U.S.: A decade after the crisis’ first tremor, are we ready for another?

Itwas10yearsago,onAug.9,2007,thatFrance’sBNPParibassuspendedwithdrawalsfromthreefundsthatheldU.S.mortgages,amoveseeninhindsightasthefirsttremoroftheglobalfinanc

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PBOC: China to continue implementing prudent, neutral monetary policy

Chinawillcontinueimplementingprudentandneutralmonetarypolicytocreateaneutralandmoderatefinancialenvironmentforsupply-sidestructuralreform,thecountry'scentralban

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U.S. Wall Street regulators impose far lower penalties in 2017: WSJ

U.S. Wall Street regulators have imposed far lower penalties in the first six months of this year compared with the same period in 2016, according to a Wall Street Journal analysis published on Monday.

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China strengthens supervision of SOEs' overseas investments

Chinahassteppedupfinancialmanagementofoverseasinvestmentsmadebystate-ownedenterprises(SOEs)ineffortstoimprovereturnsandcontrolrisks,theMinistryofFinancesaidWedn