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Cryptocurrency investors should be prepared to lose all their money, Bank of England governor says

Bank of England Governor Andrew Bailey.Simon Dawson | Bloomberg via Getty ImagesLONDON — Cryptocurrencies "have no intrinsic value" and people who invest in them should be prepared to lose all their money, Bank of England (BOE) Governor Andrew Bailey said Thursday.Digital currencies like bitcoin, ether and even dogecoin have

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Indian banks’ loans rose 5.7% y/y in two weeks to April 23, says central bank

Indian banks' loans rose 5.7% in the two weeks to April 23 from a year earlier, while deposits climbed 10.3%, the Reserve Bank of India's weekly statistical supplement showed on Friday. Outstanding loans fell by 280.39 billion rupees ($386.57 million) to 108.6 trillion rupees in the same period. Non-food credit fell

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Stocks making the biggest moves in the premarket: Beyond Meat, Peloton, Roku & more

Take a look at some of the biggest movers in the premarket:Beyond Meat (BYND) – Beyond Meat lost 42 cents per share for the first quarter, more than double the 19 cents per share loss that analysts had expected. Revenue also missed forecasts, with the company saying the pandemic

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Expect more Italian bank mergers in the coming months, CEO of Intesa Sanpaolo says

LONDON — There will be new mergers in the Italian banking sector over the coming months, the CEO of Italy's largest bank by market capitalization has predicted.Speaking to CNBC's Squawk Box on Friday, Intesa Sanpaolo CEO Carlo Messina said: "I think that in the next year, so within 12

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When Will India Have its UPI Moment in Cross-border Payments

NIUM CEO Prajit Nanu makes a case for a balance between monetary policy and de-throttling of international payments Prajit Nanu, CEO & Co-Founder NIUM India is a multi-faceted nation in more aspects than one can count. As a Fintech entrepreneur who is a little bit tongue in cheek, I always

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Stock futures open slightly higher ahead of key April jobs report

Shannon Stapleton | ReutersStock futures opened slightly higher Thursday as investors awaited Friday's highly anticipated jobs report to assess the pace of the labor-market recovery.Dow futures were little changed, while contracts tied to the S&P 500 ticked just above the flatline. Nasdaq 100 futures rose 0.1%.The Labor Department is

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Stocks making the biggest moves after the bell: Peloton, Beyond Meat, Expedia & more

Check out the companies making headlines after the bell on Thursday:Peloton — Shares of Peloton dropped more than 6% after the closing bell, when the fitness company reported fiscal third-quarter sales growth of 141%. Its per-share loss for the quarter was also smaller than expected at 3 cents versus

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