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Bond defaults set to rise among Chinese companies
Tue, May 24, 2016South China Morning PostEfforts to reform China’s struggling state-owned enterprises has led to a higher risk of companies missing debt payments, but that hasn’t dampened investors’ appetite in China’s bond market, analysts say.
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OFX full-year net profit falls 10 per cent to $21.8 million
Tue, May 17, 2016The boss of currency exchange OFX partly blames the scotched takeover by Western Union for a 10 per cent drop in its annual profit to $21.8 million, but he maintains it can still double revenue in the next three years.
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Most UK-listed firms hedging against Brexit-driven hit for pound
Wed, May 11, 2016European Union would knock more than 10 percent off the value of sterling, a poll of almost 800 of the top 1,000 showed on Wednesday.
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Four ways ‘Brexit’ could damage global markets ; 95% of U.S. companies in the U.K. favor staying in
Wed, May 11, 2016If the United Kingdom votes to leave the European Union on June 23, it may send shock waves through the global economy.
The "Remain" camp sees major economic pitfalls if U.K. voters opt to cast aside ties with the 28-nation bloc, including a drop in trade, economic output and global influence. The "Leave" side sees opportunities that include more sovereignty over British borders, social and economic programs and regulations.