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Techweek CEO gets real about the anxiety that chases entrepreneurs

Katy Lynch ⇒ is five months into her role as CEO of Techweek, and she’s already announced plans to give the Chicago-based tech festival and conference a presence in additional markets such as Seattle, Havana and Toronto. She also has begun to overhaul its image to be more useful and …

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Energy Stock Winners and Losers When U.S. Oil Exports Go Global

As you’ve surely noticed by the dramatically lower gasoline prices, the U.S. is awash in crude oil. Domestic oil production has ramped up significantly in recent years, pushing inventory levels higher, which has in turn helped push crude oil and gasoline prices lower. As barrels of crude oil continue to …

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Lenders are taking too long to pass on rate cuts

Credit card purchase interest rates have been a long-running sore for consumers. Despite the cut in the cash rate, purchase interest rates average 17.07 per cent now. That is virtually unchanged since the start of this year. There are other factors that come into play when lenders set their credit …

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Stocks end day with solid gains ahead of release of Fed minutes

Stocks posted solid gains in a quiet session Wednesday, helped by advances in health care and industrial companies. Without any major economic reports to work with, trading was lighter than usual. Many investors remain on the sidelines ahead of Thursday’s release of minutes from the Federal Reserve’s latest policy meeting …

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Rate cuts on bank accounts and term deposits hurt retirees

FALLING interest rates on bank deposits are crunching the incomes of older Australians and making life tougher for young savers. As the mortgage belt benefits from a record run of steady home loan rates, new Reserve Bank of Australia data shows banks have been winding back the generous deposit rates …

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How banks profit from ‘zero per cent’ balance transfer credit cards

In a submission to a Senate inquiry into credit-card interest rates made public yesterday, ANZ said 70 per cent of people either transfer again or clear their balance before a high interest rate kicks in. News Corp Australia asked ANZ what proportion transferred again and was told the calculation could …

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Capitalist repays investment of punters

Peter Snowden couldn’t hide his admiration for Capitalist after the colt dominated his Breeders’ Plate rivals in the first Sydney two-year-old race of the season. Usually conservative in his assessment of young horses, Snowden was happy to talk up the talent of Capitalist who joined recent Golden Slipper winners Vancouver, …

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Arctic melting will cost the global economy £33tn by end of next century, scientists calculate

The melting of the Arctic permafrost and the subsequent release of carbon dioxide and methane gas into the atmosphere will alone add an extra $43 trillion (£33tn) cost of climate change to the global economy by the end of the next century, scientists have calculated. This represents a 13 per …

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