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Finance/Venture

Federal Reserve Bank Of San Francisco President John Williams Speaks At UCLA

San Fransisco and Dallas Fed President Expected to See Interest Rate Hike Soon

Two other Fed presidents suggested the US central bank to raise interest rate. San Fransisco's John Williams said two or three rate hike in 2016 is reasonable. While Dallas' Rob Kaplan reminded to be patient.

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U.S. Stocks Fall From Record as Microsoft, Google Miss on Profit

Goldman Sachs to Pay $5 Billion Settlement Over Troubled Mortgage-Backed Securities

The lender must pay settlement for its misconduct in selling securities backed by troubled mortgage in 2008. The agreement reached Monday.

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UBS AG Chairman Axel Weber And Bank Of France Governor Francois Villeroy de Galhau Speak At GIC Conference

Two Fed Presidents Supported Rate Hike in the March's Meeting

Richmond and Kansas City Fed President supported to raise the interest rate during the meeting last March. While Philadelphia Fed President on Tuesday reitereated the hike delay is a prudent decision.

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Key Speakers At The Dublin Web Summit

Accel Announced New $500 Million Fund Targeting European and Israeli Startups

Palo Alto-based venture firm Accel has raised a new fund. The fund is targeting the next generation of entrepreneurs in Europe and Israel.

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Janet Yellen Holds News Conference Following FOMC Meeting

Former Top Advisor Proposed Regional Fed Banks To Be Public

Dartmouth College Professor Andrew Levin, former advisor to Janet Yellen made a proposal to reform the Fed. He also suggest the Fed to be reviewed by GAO annually.

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BRITAIN-BUSINESS-EARNINGS-LSE

European Stock Extended Last Week's Gain Led by Banking and Commodity Sectors

Stoxx Europe 600 Index continued last week's gain. The index sets a new course for the first back-to-back advance in two weeks.

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Images Of Currency Rates And Stock Exchange Boards As Global Stock Rout Extends to Japan

Dollar Touched the Lowest Point Against Yen in 17 Months on Monday

Japanese yen surged against dollar on Monday. Speculation from non-Japanese short-term currency players pushed the currency to the highest point against dollar.

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CHINA-MOBILE-INTERNET-TELECOMMUNICATION-TRANSPORT-MERGER

Venture Capital Investment in China Surged Amidst Global Slowdown

Investments in Chinese tech companies had a 50% surge in the first quarter of 2016. Nevertheless, many of the investments were spent in the big startups.

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THE CUSTOMER WIDRAWING MONEY AT KOTAK MAHINDRA BANK ATM CENTRE IN UMMBAI.

India Uses Its Biometric Database to Enable Banking Access for The Country’s 1.2 Billion Population

India is using its wide biometric ID system, the Aadhar database, to bring banking services access to more of its people. An Indian bank already introduced an ATM where people can use their Aadhar ID number or ID card to make transactions instead of a PIN.

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This picture taken on November 25, 2011

Italian Banks Face a Bailout Following a Surmounting Bad Loans

Italy faces a €4.95 billion ($5.65 billion) bailout after bad loans in its banks accumulated to an alarming rate. The bank shares have lost close to half of its value in the last 12 months.

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JPMorgan Chase CEO Jamie Dimon And Detroit Mayor Duggan Discuss The Bank's Investment In Detroit

JPMorgan advises investors to vote against the splitting proposal

JPMorgan Chase has advised its shareholders to vote against the proposal to split up the bank. The bank warned its shareholders that the breakup proposal will not benefit its investors.

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Toll plaza at Delhi - Faridabad elevated highway...

Ashoka Buildcon Staged a Sharp Recovery After 20% Plunge in Stock Market

One of India's largest highway and road developers prepared to recover after a massive loss in Wednesday. The company's stock slumped following the raid of tax officials.

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Wall Street Fell on Thursday As Fear of Global Slowdown is Lurking

Plunge of indexes brings the market to negative territory. Financial sectors led the plunge over fear of global financial slowdown.

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Online Money

Regulators Aim To Govern Fintech To Protect Billion Dollar Market Opportunity

Financial tech and its $147 billion potential market opportunity required financial regulators to supervise the industry. In 2015, investments in the fintech sector doubled, reaching $14 billion.

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Consumers Scan QR Of Alipay To Pay At Local Market In Wenzhou

Alibaba’s Alipay Will Launch European Expansion This Summer

Alipay is working on a plan to launch services in Europe this summer. The service will make it easier Chinese tourists to make transactions with European merchants using the app.

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