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Bowing Samsung chief heralds economy shift by S Korea’s Moon

Bloomberg When South Korean President Moon Jae-in was greeted with four deep bows from de facto Samsung Group chief Lee Jae-yong earlier this month in India, the footage quickly went viral back home. The overseas encounter between two of South Korea’s most powerful men — their first since Moon’s election on an anti-establishment platform last year — struck a chord. ...

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No-deal Brexit is crazy, but might just happen

The prospect that the UK would leave the European Union without a deal setting out the terms of the withdrawal once seemed laughably remote. When it was mentioned at all, it was mainly as a negotiating tactic aimed at securing favorable trade and tariff agreements between the UK and the EU. Even when Prime Minister Theresa May uttered the mantra ...

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UBS puts smile on faces of Europe’s banks

UBS Group AG has kicked off the European banks’ earnings season after a quarter hit by fears of a global trade war, rising market volatility and slower economic growth. For all the jitters, expectations may be set too low. The Swiss bank didn’t do too badly amid the gloom: net income rose 9 percent to 1.28 billion Swiss francs ($1.29 ...

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