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China is pumping cash into Pakistan, but that might not convince other foreign investors

“China is pouring an estimated $60 billion into Pakistan as part of its Belt and Road Initiative (BRI), but financial experts CNBC spoke to were uncertain how this would impact Islamabad’s profile as an investment destination” writes unknown author for cnbc.com. The China-Pakistan Economic Corridor (CPEC), as this leg of China’s massive regional infrastructure spending push is known, will boost Pakistan in the eyes of investors, said Farrukh Khan, a specialist on the country’s economy.”I would expect other foreign direct investment flows to increase as the CPEC projects near completion…

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Deutsche Bank to cut at least 250 investment banking jobs -source

“FRANKFURT (Reuters) – Deutsche Bank is cutting at least 250 investment banking jobs in locations including London and the United States, a person familiar with the matter told Reuters, adding that the figure could rise to as many as 500” reports businessinsider.com. Bloomberg earlier cited sources saying that Deutsche is trimming senior and mid-level investment banking positions. It is in the process of cutting 9,000 jobs group-wide from 2015 levels, or around one in 10 staff, with 4,000 jobs expected to go in Germany. Source: businessinsider.com Share This:

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Markets News 

The pros and cons of investment apps

“Here are some pros and cons of popular investment apps on the market today, according to Whitlow” writes Jade Scipioni for foxbusiness.com. These low engagement rates have prompted many entrepreneurs to create and develop several investment apps to encourage more people to invest in their futures.To sign up for the app, users must fill out an application.This app allows users to buy fractional shares with as little as $5 to start investing towards their retirement.It’s no surprise that most Americans — especially millennials — aren’t investing in the stock market…

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Russia investment chief to US: Let’s keep ‘business’ separate from ‘politics’

“Dmitriev was made chief of the fund in 2011 to improve foreign investment flows and investor confidence in the country, particularly among Westerners” writes Natasha Turak for cnbc.com. Economic diplomacy should be embraced regardless of political problems, the head of Russia’s investment fund told CNBC on Saturday, discussing the current economic sanctions on the country by the U.S. and European Union.RDIF is the $10 billion sovereign wealth fund created by Russia’s government to co-invest in the Russian economy alongside other countries.”And I think U.S.-Russia economic ties have to improve, and…

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News Oil 

Russia is embarking on an ‘amazing, positive journey’ with Saudi Arabia, Russian investment chief says

“The head of Russia’s $10 billion investment fund has nothing but praise for Saudi Arabia, citing economic diplomacy as the catalyst for improved relations between the two countries” writes Natasha Turak for cnbc.com. “Now we have a great, positive energy deal that stabilized oil prices, and it’s good for producers, consumers, good for our economies …We have done a number of investments together, and we are pursuing better a political relationship because of this economic diplomacy.”.  Source: cnbc.com Share This:

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Krugman: Trump’s Twin Deficits

“And two things happened at more or less the same time: for the first time ever, the U.S. began running large peacetime full-employment budget deficits, and we began running large, sustained trade deficits” writes Paul Krugman for nytimes.com. At the time, Martin Feldstein famously linked the two, calling them “twin deficits.” While this oversimplified matters – in the late 1990s we ran both budget surpluses and trade deficits, thanks to booming investment – the logic made sense.OK, I’m not quite sure which external debt number he’s referring to.Now the always…

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We studied thousands of people with student loans — here’s how much money they have

“We analyzed cash, investment, and debt balances based on anonymized data from in tens of thousands of applications for student loan refinancing” writes Priceonomics Data Studio for businessinsider.com. Despite their low net worth, dentists and osteopathic doctors also have high cash balances, averaging about $29,000 and $25,000 respectively. Source: businessinsider.com Share This:

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