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AmEx Moves Step Closer to Entering China’s $27 Trillion Market

January 9, 2020 admin Comments Off on AmEx Moves Step Closer to Entering China’s $27 Trillion Market

(Bloomberg) — American Express Co. cleared a key hurdle in its bid to accessing China’s $27 trillion payments market after the central bank accepted its application to start a bank card clearing business.The People Bank of China made the announcement on its official Wechat account Wednesday, without giving more details. The decision to accept the application signals that it’s moving closer to final approval.AmEx in November 2018 became the first foreign company to win permission to start preparation for the business after forming a joint venture with LianLian, a Chinese fintech-services firm.The latest move shows progress in U.S. payment networks’ …read more […]

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How Did AerCap Holdings N.V. (AER) Compare Against Top Hedge Fund Stocks in 2019?

January 9, 2020 admin Comments Off on How Did AerCap Holdings N.V. (AER) Compare Against Top Hedge Fund Stocks in 2019?

It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […] …read more […]