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Artificial Libor threatens Hong Kong

How much have benchmark US interest rates risen lately? You may think the correct answer is 25 basis points, or 0.25 percentage point. That’s the amount by which the US Federal Reserve raised its target for overnight interbank rates in December, the only official increase in the past nine months. Unofficially, though, borrowing costs have gone up by another 35 ...

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Volkswagen is dreaming if it thinks diesel is coming back

With the threat of city driving bans looming across Europe, people who want to know whether it still makes sense to buy a diesel vehicle shouldn’t count on any help from the autos industry’s biggest beast. That’s the only conclusion to draw from comments by Volkswagen AG’s boss on Monday that diesel cars would soon enjoy a “renaissance” as people ...

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Brexit may stunt Europe’s low-fee ETF revolution

The exchange-traded fund juggernaut that’s transformed the US investing landscape is just starting to accelerate into Europe. But there’s a risk that misguided efforts by European Union regulators to deal with the aftershocks of Brexit will stunt the market’s potential. After growing by more than 40 percent last year, Europe’s ETF industry added another 7 percent in January alone. It ...

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