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Billionaire Drahi will soon have to swallow his pride

Patrick Drahi probably didn’t have much choice. The billionaire founder and president of Altice Europe NV plans to sell a stake in the high-speed fiber networks of the company’s French carrier, SFR. It’s one way for the highly levered firm to secure the cash it needs to fund the next generation of networks — and probably the best way at ...

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The dollar is losing its mojo at the wrong time

What’s wrong with the dollar? Barely two weeks ago the Bloomberg Dollar Spot Index reached its highest since June 2017. President Donald Trump tied the strength to confidence in the US, boasting in a tweet on August 16 that “money is pouring into our cherished DOLLAR like rarely before.” But since then the greenback dropped as much as 2.2 percent, ...

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What is eating Chinese stock market? Everything

As the American stock market stages its longest bull run in history, investors in China can only look on with envy. In preparation for a lengthy trade war with the US, Beijing has shifted back to a pro-growth stance. The People’s Bank of China revived a measure to support the weakening yuan, while the Ministry of Finance is ready to ...

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