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Oil Prices Jump Higher on EU Warning

“It’s not excluded that, after having carefully examined the situation, that we could decide to move our rates for a small amount at our next meeting. I didn’t say it’s certain. I said it’s possible.” — European Central Bank President Jean-Claude Trichet by Stephanie Grimmett Baltimore – (TFN): You can blame a frenchman [...]

Visa IPO Aftermath: Europe’s in trouble, but China’s buying

"The antitrust investigation is standard procedure, according to the commission. But when Mastercard went through the same standard procedure last year, the commission ruled that its exchange fee system was contrary to the EU’s antitrust rules." — Stephanie Grimmett by Stephanie Grimmett Baltimore – (TFN): Maybe Visa already knew this was coming three years [...]