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  Bloomberg Colombia’s central bank ignored a last minute plea by President Juan Manuel Santos and raised the benchmark interest rate for an 11th consecutive month as surging food prices pushed inflation to the fastest since 2000. In a split decision, the seven-member board voted to raise the key rate a quarter-point to 7.75 percent, central bank Governor Jose Dario ...

  Bloomberg Deutsche Bank AG scored higher in the European Banking Authority’s stress test this year than in 2014 in a sign that steps to bolster financial resilience are taking hold despite a tougher examination that took account of surging litigation costs. The company’s common equity Tier 1 ratio fell to 7.8 percent in the adverse scenario, measuring resilience to ...

  Bloomberg UBS Group AG’s Asia investment banking co-head, Saurabh Beniwal, is planning to leave as the bank trims senior management ranks in the region, people familiar with the matter said. Beniwal, who was appointed in November as co-head of corporate client solutions in Asia, will depart UBS by the end of this year, according to the people. Joseph Chee ...

  WASHINGTON To gauge the opportunism and hypocrisy that define Donald Trump’s Republican Party, consider this: Imagine the scalding rhetoric that would have boiled from the likes of Newt Gingrich, that Metternich of many green rooms, if Hillary Clinton had offhandedly undermined the collective security architecture of U.S. foreign policy since NATO was created in 1949. Vladimir Putin’s regime is ...

The Turkey turmoil triggered by a botched coup is weighing heavy on the psyche of the investors. They are alarmed. Worse, the spreading post-putsch purge of dissent is adding to the concerns of the businesses and companies. They are quite lost as what to do next. The lira has plummeted, equities have been dumped, the tourism sector is in a ...

  Barry Ritholtz SPECIAL TO EMIRATES BUSINESS Amid all the hoopla and theater of the national political convention you might have missed a noteworthy report about the financial literacy of the average American adult. It’s worth taking a look during the weekend if you want a break from the presidential race, which seems like it begins again as soon as ...

On August 1-2, Singapore Prime Minister Lee Hsien Loong will visit the United States as the two countries commemorate the 50th anniversary of their diplomatic relations. Lee’s visit will feature a rare state dinner in his honour hosted by President Barack Obama, making him just the fifth Asian leader to have been granted such a privilege in the Obama White ...

  The weeks since the Brexit vote have made it clear that the European Union is not going to take this opportunity to redefine itself. Rather, it appears to be settling into a status quo in which minor EU rules are observed while the big ones are often fudged. Two cases illustrate the reality of what EU-watchers might call a ...

Sooraj Aurora The global sports sector is estimated to be worth between $480-620 billion. However, in India, sport is yet to be recognized as an economic sector, mainly due to the fact there has been little or no comprehensive study done on the industry’s size, potential, and on the available opportunities that are on offer. The sports industry sector may ...

  AP Online shoppers want their packages — now. And Amazon is spending heavily to make sure that happens. Amazon’s Prime service has, at heart, always been about free two-day shipping. The $99 annual subscription includes a variety of other goodies, but the near-instant gratification of fast, no-extra-cost delivery was the program’s original draw, and remains central to its appeal ...