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Welcome to the Powell Fed

It will be Powell’s Fed. Assuming he’s confirmed by the Senate, Jerome (‘Jay’) Powell will become the 16th chairman of the Federal Reserve Board in early 2018. Almost by definition, he instantly becomes the most important economic policy-maker in the world. But who is he? Outside economic circles, hardly anyone knows. So let’s catch up. Powell would be the first ...

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DBS embracing technology can become Singapore’s ant financial

Forget the lending book. Dismiss the wealth-management aspirations. It’s DBS Group Holdings Ltd.’s embrace of technology that could be the next big driver of shareholder returns at Southeast Asia’s biggest lender. DBS’s announcement that it now has the world’s largest application programming interface platform for banking, with users including McDonald Corp., may appear at first like marketing gimmickry. Being able ...

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Focus on next shooting spree, not the last one

There are many unanswered questions about the man who shot and killed at least 26 people at a church in Sutherland Springs, Texas, on Sunday. In the days ahead, more facts will emerge. But the most common question — could anything have been done to stop him? — will also be the most difficult to answer, the most hotly debated, ...

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