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Banks sweeten deal for existing home loan customers

If you had taken a home loan from State Bank of India (SBI) or ICICI Bank six months ago, you will have to pay lower interest than new customers. Though SBI cut its base rate by 40 basis points (bps) to 9.3 per cent, the spread for new home loans …

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Utility not allowed to hike rates to make up for reduced use

The Public Service Commission has rescinded a policy that allowed NorthWestern Energy to increase natural gas and electricity rates to make up for reduced customer demand because of energy-efficiency programs. The five-member panel voted unanimously Thursday to end the Lost Revenue Adjustment Mechanism, which Commissioner Roger Koopman called “one of …

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How energy companies are responding to the oil price slump

A year later, how are Canadian oil and gas companies responding to the collapse in crude oil prices? A new survey of oil companies published by global accountancy firm Grant Thornton puts the size of the shift in perspective. Just one quarter of companies report business as usual. The rest …

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Can the Fed Really Print Money? What Would Negative Interest Rates Do?

Most people believe the Fed can print money. Caught on tape, former Fed chair Ben Bernanke once admitted the Fed prints money. However, in Hoisington’s Third Quarter 2015 Review, economist Lacy Hunt makes the claim the Fed cannot print money. Let’s take a look, emphasis mine. Ben Bernanke Says the …

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YouTube to launch $10-a-month ad-free video, music plan

YouTube on Wednesday unveiled a new $10-a-month subscription plan in the U.S. called Red that combines ad-free videos, new original series and movies from top YouTubers, and on-demand unlimited streaming music. Red builds on Google’s existing music streaming service by providing ad-free access to YouTube programming, along with features such …

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The really worrying financial crisis is happening in China, not Greece

While all Western eyes remain firmly focused on Greece, a potentially much more significant financial crisis is developing on the other side of world. In some quarters, it’s already being called China’s 1929 – the year of the most infamous stock market crash in history and the start of the …

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New health law premiums available online this weekend

Premiums are expected to rise in many parts of the country as a new sign-up season under President Barack Obama’s health care law starts Nov. 1. But consumers have options if they shop around, and an upgraded government website will help them compare. Consumers can see their own premiums for …

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“COST OF CASH FOR RETAILERS WILL INCREASE BY 50% IN THE NEXT THREE-TO-FIVE YEARS,” SAYS PAYMENTS EXPERTS CMSPI

Retailers are facing huge disruption and cost implications over the next three-to-five years as a series of developments in the cash industry impacts business operations. Though consumer cash transactions are in decline, the cost of cash will begin to increase for retailers, driven by rising interest rates, the living wage …

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Building an investor-friendly family business

If you’re a fan of Shark Tank, you may have caught the drama between the owners of Perth-based Tommy Sugo Spaghetti and the show’s big-money hosts. Most of the media over subsequent days focused on the alleged greediness of Boost Juice founder Janine Allis, but I think the real story …

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These two stars could kiss for a million years

Just like teens on Earth, these two “young” stars, found by astronomers in a real galaxy somewhat far, far away, can’t bear to be parted. Their fate, however, is likely to be like that of Romeo and Juliet: a brutal death. Scientists say the stars could merge into one and …

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