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Wells Fargo’s potential tax windfall is hard to ignore

For Wells Fargo & Co., is the worst over? The scandal-plagued bank’s recent stock revival suggests yes, maybe it is. But even if there are more revelations to come, there’s a good chance that the shares may hang onto its gains. While it continues to lag rivals and the benchmark US bank index since last year’s presidential election, the San ...

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Janet Yellen’s legacy is trickier than it looks

Departing Federal Reserve Chair Janet Yellen is leaving US monetary policy in pretty good shape, and her colleague and successor, Jerome Powell, can be expected to continue her record of stewardship. As always, though, the economy may have other ideas. The Fed will most likely raise interest rates another quarter-point — the latest step in a carefully laid out plan ...

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Politics are dragging down Pakistan economy, again

Like much else about Pakistan, it’s often infuriatingly difficult to determine whether or not its economy is on the brink of disaster. This week, as the Pakistani rupee lost 5 percent of its value in just three days, it looked like trouble was brewing. And sure, this might be a sign of the economy slipping towards a balance-of-payments crisis. But, ...

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