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Australia’s central bank is ‘dysfunctional’

Bloomberg Australia’s central bank does little deliberation, ignores opposing views and its decision-makers “seem hostile to a consideration of evidence or research,” according to Peter Tulip, a former senior member of its economic research department. “We have a board that does not understand monetary policy or statistical research,” Tulip said in a farewell email to colleagues when he resigned from ...

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Forget Amazon: In Europe, small caps are pandemic’s big winners

Bloomberg While Amazon.com Inc. and its FANG cohort have grabbed the headlines, some of the biggest stock-market winners in Europe during the coronavirus pandemic may be companies you’ve never heard of. Investors seeking stellar returns have been snapping up shares of small companies that range from e-commerce merchants to mobile-game makers. Shares of German retailers Westwing Group AG and Home24 ...

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Escalating chaos again proves incapable of derailing S&P 500

Bloomberg First it was a shouting match of a presidential debate that raised doubts about the sanctity of the electoral process, then news Donald Trump had fallen ill with Covid-19. The S&P 500’s verdict on such a nerve-wracking week? Up 1.5%. Even with the decline on the president’s diagnosis, stocks managed enough buoyancy over the first four days to come ...

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