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Indonesia sukuk beats Malaysia in attracting Brexit-haven funds

  BLOOMBERG Indonesia’s Islamic bond yields have fallen faster than Malaysia’s in the past three months, as the nation’s higher-yielding notes do better at attracting investors fleeing plunging rates in the developed world. Yields on rupiah sukuk due 2019 slid 39 basis points in the period, compared with 26 basis points for equivalent paper in Malaysia. Indonesia’s three-year Islamic bonds ...

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UBS, BofA Merrill Lynch stand atop private-banking industry

  Bloomberg UBS Group AG and Bank of America Merrill Lynch stand atop the private-banking industry, managing more than US$3 trillion for the world’s wealthiest people even as assets slid. The private bank at Zurich-based UBS oversaw US$1.74 trillion at the end of 2015, compared with US$1.75 trillion a year earlier, according to an annual study by London-based consulting firm ...

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Burberry sales beat estimates on recent boost in UK demand

  Bloomberg Burberry Group Plc, the UK luxury-goods maker that shook up its top management ranks earlier this week, reported revenue that slightly beat analysts’ estimates as shoppers in the UK stepped up purchases of rucksacks and trenchcoats in the final weeks of June. First-quarter retail revenue was little changed at £423 million ($563 million) in the three months through ...

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