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...Divecha, head of market development for climate credit risk at S&P, told me yesterday....
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...John Reed is the FT’s South Asia bureau chief, covering India, Pakistan and the region Join our online book group on Facebook at FT Books Café and subscribe to our podcast Life & Art wherever you listen...
...The lion’s share of that fee — about $1.80 — goes to the bank that issued the credit card that is being used....
...These revenues grew to more than $14bn in 2022 of the $130bn issuers charged consumers in interest and fees, according to the Consumer Financial Protection Bureau....
...Research by the Consumer Financial Protection Bureau showed that more than 80 per cent of the market for credit cards is controlled by 10 of the 4,000 banks that offer them, including Capital One and Discover...
...Yet the London-listed company is well placed to deliver growth. Experian is the world’s largest credit bureau, with the heft to expand into adjacent markets....
...Mohammed Zubair, a prominent online fact-checker and co-founder of the website AltNews said in a post on Monday that “a lot of X accounts critical of BJP Govt” or covering the farmers’ march had “either...
...US airlines generated $6.8bn from them in 2022, the latest data available, according to the Bureau of Transportation Statistics. That is more than double from a decade earlier....
...Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com...
...The US overtook China as South Korea’s top export market last year for the first time since the early 2000s, while South Korean companies have been among the largest foreign investors in the US semiconductor...
...Swipe fees — otherwise known as interchange fees — have long been a point of contention between merchants and credit card companies....
...Here to explain is the FT’s South Asia bureau chief, John Reed. Hi, John. John ReedHi there....
...On Wednesday the US Bureau of Economic Analysis will release an updated GDP estimate for the fourth quarter that will be widely watched....
...Escobar Inc went to court in 2022 to appeal against that decision, but the General Court upheld it on Wednesday, saying the EUIPO move was based “on the perception of the Spanish public, as it is the most...
...The performance of US stocks over the past decade has obviously been phenomenal, but of all these MIST/MIKT/MINT markets, only South Korea has matched the broader MSCI Emerging Markets index (NB, the MSCI...
...G42 are realigning themselves away from China and more with the US.” Biz2Credit also has a separate partnership with the Saudi credit bureau Simah/Qarar and is also aiming to expand there....
...Creditors of a South Korean builder whose debt troubles sparked fear over financial risk in the real estate sector will begin a restructuring process, as Asia’s fourth-largest economy wrestles with high...
...The move by Fitch, which maintained the country’s A plus credit rating, follows a similar outlook downgrade from rival Moody’s Ratings in December....
...According to people briefed on the case, officials probed the bureau’s accounting practices and whether it complied with a 26 per cent cap on foreign ownership of media companies imposed by the government...
...It is not just rising base rates that are to blame: credit card companies have increased the margin they add on to a record high, the Consumer Financial Protection Bureau found last month....
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