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Rajan: 'Don't overburden central banks'

2015-08-25 18:08:13| BBC News | Business | UK Edition

Central banks are under too much pressure to fix struggling economies, according to the man in charge of India's monetary policy.

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Big four banks mauled in bear market

2015-08-23 11:50:21| Automakers - Topix.net

All of Australia's major banks are in bear-market territory after investors wiped more than $85 billion off their combined market value this year - a drop of more than 20 per cent. The share price plunge has been sharpest for Asia-focused ANZ Banking Group, which has resulted in it being narrowly overtaken by National Australia Bank as the country's third-largest lender measured by market capitalisation.

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Big banks agree $2bn forex settlement

2015-08-14 09:19:20| BBC News | Business | UK Edition

Nine banks agree to pay $2bn in settlements in the US to investors over claims they rigged foreign exchange rates.

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US Q2 in brief: Christopher & Banks, Hudson's Bay, Lululemon

2015-07-30 18:29:00| Daily apparel & textile news and comment - from just-style.com

Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. Christopher & Banks swung to a loss, Hudson's Bay was back in the black, while Lululemon Athletica lifted its full-year guidance despite a fall in profit. Men's Wearhouse grew its net income more than threefold, Pacific Sunwear posted a double-digit increase in profit, thanks to a non-cash gain, and Belk saw its earnings more than halve due to higher expenses. 

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US Q2 in brief: Zumiez, Cherokee, Gymboree, Christopher & Banks

2015-07-30 18:29:00| Daily apparel & textile news and comment - from just-style.com

Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net income, Christopher & Banks swung to a loss, while Hudson's Bay was back in the black, and Lululemon Athletica lifted its full-year guidance despite a fall in profit.

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