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Indonesia is hotspot for new-age financiers

New-age financiers: Looking to do some good while earning a 51 percent yield? Indonesia’s the place. The nation of 260 million people is the perfect venue for fintech startups, from digital-credit-card providers to peer-to-peer lenders. Only half the over-15 population has bank accounts, while a paltry 2 percent hold credit cards. Traditional banks aren’t keen to enter the “subprime” consumer ...

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Foldable phones is what a tired industry needs

After years of rumours and speculation, Samsung Electronics Co. Ltd finally presented a smartphone with a foldable display that it plans to start selling next year. At the risk of sounding like a wide-eyed teenager, I consider this a potentially disruptive innovation on the scale of the iPhone—if the manufacturers can handle it right. The technology has been more or ...

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Stocks rise on trade talk hopes; oil extends loss

Bloomberg US equity futures and European stocks recouped some of the previous session’s losses on hopes for progress in the American-Chinese trade dispute, even as Asian shares dropped overall. Crude oil headed for the lowest close this year. Contracts on the Dow, Nasdaq and S&P 500 all traded higher and the Stoxx Europe 600 Index rose for the first time ...

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