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Credit Suisse grew its core equity sharply in Q2. That’s a welcome change from a year ago, when Basel III loomed large, but the challenge is navigating uncertain interest rates, says Breakingviews.
New BoE governor Mark Carney forms an instant consensus among policymakers, who vote 9-0 to keep QE unchanged but Breakingviews says that doesn’t mean he’s a hawk. Meanwhile, the UK jobless count falls at its fastest pace in 3 years, but a big jump in people giving up on job hunting suggests problems still run deep. Julian Satterthwaite talks to jobs minister Mark Hoban.
Chinese retail buyers have cleaned out gold shops from Beijing to Hong Kong. But with a wider array of options on offer for those looking to stash their cash, the frenzy may prove short-lived. Tara Joseph reports for Reuters TV.
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