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Post-crisis, US banks have recovered while their European peers are still looking for ways to survive

Andrew Caballero-Reynolds Tourists walk in front of the Federal Reserve in Washington, D.C. “The big U.S. banks will get bigger,” David Coker, lecturer in accounting, finance and governance at Westminster Business School, told CNBC via email. Coker, who is also a former vice president of global risk management at Deutsche …

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Strange accounting trick behind one of China’s largest property deals ever

Joe Scarnici | WireImage| Getty Images Board Chairman and President of Dalian Wanda Group Wang Jianlin speaks at the Wanda and AMC press conference on September 4, 2012 in Los Angeles, California. The deal sheds some light on the kind of numbers magic that companies can perform. For instance, Wanda …

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Rival’s desire to leave cabinet may mean challenge for Japan’s Abe: Media

APEduardo Munoz Alvarez | Getty Images Japanese Foreign Minister Fumio Kishida speaks to members of the security council during a United Nations meeting on April 28, 2017 in New York City. Japanese Foreign Minister Fumio Kishida wants to leave his post in Prime Minister Shinzo Abe’s cabinet reshuffle next month, …

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China envoy says North Korea trade growth picture ‘distorted’

Toru Hanai | Reuters People walk past a street monitor showing news of North Korea’s intercontinental ballistic missile test in Tokyo, Japan, July 4, 2017. Data released in April showed China’s trade with North Korea grew 37.4 percent year on year in the first quarter, in spite of a ban …

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Trump’s planned state visit to UK delayed until next year: US official

Getty Images President, Donald Trump and British Prime Minister, Theresa May are pictured ahead of a photo opportunity of leaders as they arrive for a NATO summit meeting on May 25, 2017 in Brussels, Belgium. U.S. President DonaldTrump’s state visit to the United Kingdom, initially planned for this year, will …

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Chief of bitcoin exchange Mt. Gox denies embezzlement as trial opens

Tomohiro Ohsumi | Bloomberg | Getty Images Mark Karpeles, chief executive officer of Mt. Gox, in February, 2014. The 32-year-old chief executive of defunct Mt. Gox pleaded not guilty on Tuesday to charges relating to the loss of hundreds of millions of dollars worth of bitcoins and cash from what …

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US military plane crashes in Mississippi; 16 dead

Sean Gallup | Getty Images U.S. Air Force planes ferrying men and equipment of the U.S. Army 173rd Airborne Brigade arrive at a Polish air force base on April 23, 2014 in Swidwin, Poland. A U.S. military plane crashed in rural Mississippi on Monday evening killing at least 16 people, …

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‘We’re flowing toward the path’ similar to time before Great Depression, analyst says

He points to evidence of declining growth as well as that fall is a weak time traditionally for the U.S. economy as people return from vacation. “[By the fall], we’ll have a lot more evidence of declining growth. Growth has been slipping,” he said. However, it was not all gloom …

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Auto imports from Mexico keep climbing despite Trump’s threats

Brett Gundlock | Bloomberg | Getty Images Vehicles stand in a lot before export at the Port of Veracruz in Veracruz, Mexico. Almost six months after Donald Trump was sworn in as president and threatened to penalize automakers who import cars and trucks from Mexico, the flow of vehicles from …

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Trump defends decision to have Ivanka sit in for him at G-20

Sean Gallup | Getty Images Ivanka Trump (L) and U.S. Treasury Secretary Steven Mnuchin look on as U.S. President Donald Trump arrives for the morning working session on the second day of the G20 economic summit on July 8, 2017 in Hamburg, Germany. U.S. President Donald Trump defended his daughter, …

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