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Finance/Venture

G20 Finance Ministers Meet In Sydney

India exports drop for its 14th consecutive months

India's exports fell 13.6 percent from January a year ago and it has been dropping for 14 consecutive months, while imports contracted 11.01 percent. However, the Reserve Bank of India will not devalue its currency unlike China and Japan.

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Anglo American Plc's South African Headquarters As CEO Cynthia Carroll Quits

Anglo American Plc Announced to Sell Its Share in Kumba Iron Ore

One of the world's biggest mining company Anglo American Plc announced to sell its share in Kumba Iron Ore on Tuesday. The South African multinational company has suffered loss in its full-year performance.

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Views Of Lend Lease Group's Barangaroo South Development Ahead Of Half-Year Results

Precautions and Solutions in Selling Business Assets

To secure assets from a company sale, there are two main things that one needs to do: make sure the business entity of the company is preferable for private assets protections and put the said assets in an adequate insurances and retirement accounts.

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Australia's Reserve Bank Keeps Interest Rates On Hold

National Australia Bank posts 8% increase in Q1 cash profit

National Australia Bank posted an 8% increase in its quarterly cash profit helped by robust results in wealth sector and rise in lending volumes.

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Micex-RTS Moscow Exchange

R-Squared investment firm ups position in Russian ruble

R-Square Macro Management is increasing its exposure to Russian currency Ruble. It's hoping on rebound in Ruble as it fell 37 percent from the recent high in 2015. Some asset managers scaled back their wagers on Ruble amid high volatility in the Russian currency.

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San Miguel Reports Fourth-Quarter Earnings

Philippines' San Miguel Corporation to Sell Bonds To Retail Investors

The Philippines' largest company, San Miguel Corporation will sell bond to small investors. The company is aiming to cut dollar-denominated debt and protect its earnings.

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The Eurozone Crisis Deepens As Greece Attempts To Avoid Bankruptcy

Commerzbank posts Q4 profit as loan loss provisions fall

Commerzbank posted a profit for the fourth quarter of 2015, helped by lower provisions for bad debts. The bank expects to report a mild increase in 2016 net profit.

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Fortune Global Forum - Day 3

JP Morgan's CEO purchase $26 million worth of his own company's shares

Jamie Dimon, chairman and chief executive officer of JP Morgan Chase & Co, spent $26 millions to buy shares of his bank on Thursday. The share purchase is translated as good sign by other investors as the shares climbed by 2 percent after the news broke out to the public.

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Stocks Dive Deeply, Dow Jones Industrials Average Loses Over 300 Points

An Analyst Argued that Stock Market Volatility Does Not Disturb Middle Class American

Although stock market instability still affects the market worldwide, but an International economist argued that it is far from upsetting American middle class. However, market volatility continued as indexes fell for five consecutive days.

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29th Annual Leigh Steinberg Super Bowl Party

Legendary Sports Agent Leigh Steinberg Partnered Alpha Strategies in Venture Capital

Leigh Steinberg, the legend in sport agent, teamed up with Alpha Strategies for investment in tech startups. Steinberg has raised $50 million for investment fund.

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Elon Musk Making Enemies Fast in Town Hosting Space-X Launches

DFJ Raises $350 Million Fund As Its 12th Fund

Draper Fisher Jurvetson (DFJ) has raised another venture capital fund. The firm raised $350 million as its twelfth fund. DFJ is interested to invest autonomous transportation, digital health, enterprise transformation, and artificial intelligence.

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MF Global's 1,066 Brokerage Employees Fired

Customers of MF Global Will Receive $1.8 Billion In Liquidation Case

U.S. Bankruptcy Court of the Southern District of New York on Tuesday ended the liquidation proceeding of the MF Global. Judge Martin Glenn ruled to close the estate of the defunct brokerage and repay the customers $1.8 billion .

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Key Speakers At The Robin Hood Veterans Summit

Steve Cohen's hedge fund investing in trading talent

Reeling under pressure, the hedge fund segment is facing talent crunch to render its services more qualitatively. Considering the need of the hour, billionaire Steve Cohen-owned hedge fund Point72 Asset Management is investing in grooming the talent pool. It's offering two programs to train young graduates.

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Crimean Parliament Seeks Formal Union With Russia

Bank of Russia revoked banking license of two more banks this year

The Russian Central Bank revoked license for banking for two banks, the Interkommerzbank and Alta Bank. The license revoke is part of the tougher regulation set by the Russian government to help strengthen the country's economy.

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HSBC Holdings Plc Bank Branches As Company Announces Plans To Eliminate 50,000 Jobs

HSBC to pay $470M total for federal government settlement as relief to borrowers and homeowners' foreclosure abuses

As per the federal agreement, HSBC has agreed to pay $470 million to provide relief to abused mortgage loan borrowers. The payment will be directed towards mainly Virginia, along with 48 other states. The bank, accused of malpractices like robosigning and bad loan designs, will now be monitored by an independent body to ensure it adheres to the revised banking standards and settlement terms.

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