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Something is rotten at the heart of euro

It’s Groundhog Day again for the euro. It doesn’t really matter whether talks in Italy between the Five Star Movement and the League still include plans to seek a write-off of 250 billion euros ($295 billion) of the nation’s debts and secure an exit mechanism from the euro, as the Huffington Post reported. The fact that these ideas were even ...

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Indonesia is stuck in the fragile five for good reason

Call it full circle. Five years after the 2013 taper tantrum, Indonesia is looking fragile again. This year, foreigners have been selling anything to do with the Southeast Asian nation. The Jakarta Composite Index is down 7.4 percent, making Indonesia, along with the Philippines, one of the worst-performing emerging markets in the region. The rupiah has tumbled 3.6 against the ...

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Blockchain may not be as cool as it thinks it is

Pop quiz: Which of Alphabet Inc., Apple Inc., Amazon.com Inc., Facebook Inc. and Netflix Inc. has shouted most to investors about Bitcoin or blockchain? The answer is… none of the above. Bloomberg’s database of regulatory filings shows no mention of either blockchain or Bitcoin in these companies’ disclosures since 2008. The closest was Netflix CFO David Wells, who said on ...

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