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Goldman boosts funding to credit-card startup Nubank

Bloomberg Goldman Sachs Group Inc. increased its credit line to Brazil’s Nubank, a four-year-old credit-card company that charges no fees and is growing as much as 10 percent a month. Nubank can now borrow as much as $144 million for about two years to finance its revolving credit portfolio, up from 375 million reais, David Velez, the Sao Paulo-based company’s ...

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Egypt’s central bank keeps key interest rates unchanged

Reuters Egypt’s central bank kept its key interest rates unchanged at a monetary policy committee meeting, it said in a statement, after it had raised them by a total of 400 basis points in the previous two meetings. The bank has raised key interest rates by a total of 700 basis points, or 7 percentage points, since it floated the ...

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ECB’s Draghi confronts crux of QE effect

Bloomberg European Central Bank policy makers are wondering how much stimulus quantitative easing offers once bond-buying stops. Their assessment will likely influence the ECB’s strategy for ending its asset-purchase programme. Keen to avoid any steps that inadvertently tighten financial conditions, policy makers can’t ignore that their open-ended QE design so far means investors are focused more on the monthly flow ...

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