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December 27, 2017 Politics
Bloomberg A secessionist push in Cameroon’s English-speaking regions is on the brink of a full-blown revolt, threatening political stability in a country ruled by one of Africa’s longest-ser-ving leaders. Following a crackdown on independence supporters who tried to raise flags on government buildings in the central African nation’s English-speaking regions in October, at least 16 members of the security forces ...
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December 27, 2017 Politics
Bloomberg The leader of Japan’s main opposition party said Prime Minister Shinzo Abe is treating the nation’s 70-year-old pacifist constitution as a “toy†in an effort to define his own political legacy. “He wants to change it in whatever way he can so that he can go down in history,†Yukio Edano, head of the Constitutional Democratic Party of Japan, ...
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December 27, 2017 Politics
Bloomberg China’s leading policy makers plan to discuss next month a proposal to amend the national constitution for the first time since 2004, the official Xinhua News Agency said. The decision was made on Wednesday at a Politburo meeting headed by President Xi Jinping, according to the report. It provided no details on the possible change to the constitution, which ...
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December 27, 2017 Opinion
President Donald Trump invoked ‘America first’ by pulling the US out of the Paris climate accord, promising to revive the coal industry and repeatedly tweeting himself as the author of the 105-month-old bull market. The nation’s top money manager of 2017 took the opposite path to becoming No. 1 and says it’s better to be lucky than smart. He embraced ...
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December 27, 2017 Opinion
Bitcoin has had a terrific year overall, thanks to a small but dedicated set of believers in the disruptive power of cryptocurrencies who have also enabled many other individual investors to participate in the eye-popping phenomenon. Yet after bitcoin’s value fell by more than a third in just a few days last week, and as exchanges struggle to cope with ...
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December 27, 2017 Opinion
Timing is everything. Hobbled by an aging population and negligible interest rates, Japan’s Mitsubishi UFJ Financial Group Inc. is keen for growth and sees overseas expansion, particularly in Southeast Asia and the US, as key. In its moves to acquire 73.8 percent of PT Bank Danamon Indonesia, it may just succeed where DBS Group Holdings Ltd. failed. Indonesia now is ...
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December 27, 2017 Opinion
The world’s central banks recently signed off on the Basel III rules for bank capital. The new system, years in the making, is a step forward: It will make banks stronger and safer. But there are several loose ends. One of the most important concerns the treatment of sovereign bonds on banks’ balance sheets. Banks that hold large, concentrated portfolios ...
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December 27, 2017 Opinion
With 2017 mostly said and done, it’s instructive to put the bond market in perspective so we know what to reasonably expect in 2018. Recall that at the start of the year there was no shortage of calls for the yield on the benchmark 10-year US Treasury note to soar to 3 percent — or even 4 percent — by ...
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December 27, 2017 Opinion
Apple Inc. says it’s more resilient than a typical hardware company. This is more hype than reality, but I can’t ignore the potential upside if Apple is serious about web video, digital music, and its other internet-centric software. Technology watchers know that Apple has been stressing how many people who own iPhones, Macs and iPads are also buying from its ...
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December 27, 2017 Opinion
The onset of a new year brings plenty of predictions, and so I will hazard one: Many of the biggest events of 2018 will be bound together by a common theme, namely the collision of the virtual internet with the real ‘flesh and blood’ world. This integration is likely to steer our daily lives, our economy, and maybe even politics ...
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