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  Friday, July 20, 2012
  Today
BlackRock Q2 profits drop sharply 11%
The world's largest money manager met strong opposition in meeting Q2 earnings – with profits falling 11% as volatile market conditions cut into fee income...
WTO ruling puts Visa, MC at odds
US bank card suppliers looking to take on China UnionPay in its home market after the World Trade Organization (WTO) ruled Beijing illegally favors the state-owned network will be battling a deeply entrenched incumbent with 2.5 billion cards in circulation worldwide...
Blackstone bets on US housing recovery
Blackstone Group LP has spent over $300 million to purchase some 2,000 foreclosed homes in order to rent and bet on a steady recovery of the US housing market, the private equity company's global head of real estate announced on Wednesday...
IMF passes new monitoring rules
The International Monetary Fund approved changes to its annual economic surveillance rules on Wednesday that now make it mandatory for the Fund to assess whether the domestic policies of a country are affecting global financial stability...
  Featured Article
Insurance bought, up 425% by EU banks
Richard Green, Asia Leader for Marsh's Political Risk and Structured Trade Credit Practice highlights why European banks operating are increasingly using structured credit insurance as a way of simultaneously remaining active in Asian trade finance market and deleveraging their trade finance portfolios...
  Gallery
  Events
  Most Read in the past 7 days
Banks still seen as risky – five years into crisis
Investors see big banks as riskier than before the first signs of the financial crisis flared up five years ago and probably always will, according to a new report from Moody's Analytics, a sister company of the bond-rating agency...
Bernanke offers gloomy view with hints on easing
Federal Reserve Chairman Ben Bernanke offered a pessimistic view of the economy's prospects on Tuesday, but provided few concrete clues on whether the US central bank was moving closer to a fresh round of monetary stimulus...
Many upbeat on China despite slowdown
BHP Billiton posted strong growth in iron ore production in the June quarter, noting it expects to lift Australian iron ore output by 5% in the 2013 financial year – despite risks from cooling demand in top customer China...
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