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    Goldman Warns That the Chinese Yuan Is Headed for Its Largest Annual Decline in Over two decades

    Goldman Warns That the Chinese Yuan Is Headed for Its Largest Annual Decline in Over two decades

    A median of $50 billion has been steadily leaving the Chinese financial system each month since June. The accelerating outflow of capital from China is probably to coincide with the yuan’s sharpest annual depreciation over…

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    Italy scrambles to shop global’s oldest bank

    Italy scrambles to shop global’s oldest bank

    Italy plans to sell its share inside the unwell Monte Dei Paschi di Siena financial institution after top minister Matteo Renzi’s resignation scared private traders from a deliberate rescue scheme. The government already owns 4…

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