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Russian billionaire sues Nordic banks

Bloomberg Should banks be forced to accept a client who could be on the wrong side of the law? A court in Finland is about to decide the answer to that question, and its verdict may have far-reaching implications. Russian billionaire Boris Rotenberg is suing four Nordic banks for not doing business with him. The oligarch, an associate of President ...

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UK economic data slew greets BOE officials debating rate cut

Bloomberg Bank of England (BOE) policy makers considering whether the UK needs further stimulus will get a deluge of data in the coming week. The economy is back under the microscope after outgoing Governor Mark Carney last week said officials are debating the merits of action and have plenty of room to act if necessary. A day later, Silvana Tenreyro ...

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China will ramp up infra spending in 2020: JPMorgan

Bloomberg China’s fiscal stimulus is shifting back to a focus on infrastructure investment, away from the approach of cutting taxes for businesses the government favored in previous years, according to economists at JPMorgan Chase & Co. “We expect no major further tax cuts in 2020, though the effect of tax cuts will linger into this year,” JPMorgan economists including Zhu ...

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