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The three most famous words in central banking

Haruhiko Kuroda won’t have it. The widespread notion that the Bank of Japan (BOJ) is out of ammunition is nonsense, according to its governor, who says he still has the capacity to do grand things. Just look at his counterpart at the European Central Bank (ECB). “Like Mario Draghi, I think we can do these things if necessary,” Kuroda said ...

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Your iPhone is already made in America, not China

It wouldn’t take much for Apple Inc. to have US-sold iPhones made outside China. Foxconn Technology Group, the primary assembler of the devices, said that it has enough capacity to make all iPhones bound for the US outside of China if necessary. Apple hasn’t given the Taiwanese company such instructions, a senior executive of Foxconn’s listed flagship Hon Hai Precision ...

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Foreigners bolster Saudi stocks as tension in region mounts

Bloomberg Rising tensions in the Gulf region aren’t stopping foreign investors from supporting Saudi Arabian stocks, just four years after funds from abroad were first allowed to trade directly in Riyadh. International funds helped contain losses in the final trading session last week, when Gulf stocks were sold off amid escalating tensions in the region. Qualified foreign funds have been ...

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