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Smart beta’s new kids on the index block

Reaching for a better solution: smart beta aims to out-perform the index “Can I create an algorithm to be Warren Buffett? No,” says Baer Pettit, head of index strategy at MSCI. “But over time, can…


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The Britons among the Calais migrants

Joanna Sutton-Klein, a medical student, is helping out at the school during her summer holidays Thousands of migrants are camped in and around Calais. A handful of British people can be found there too. What…


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Podcaster Midroll adopts streaming model

Barack Obama during his interview with Marc Maron Podcasting is getting its own version of Netflix. Midroll Media, the podcast and advertising company recently acquired by EW Scripps, is launching a subscription service that gives…


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Bosses earn '183 times average worker'

FTSE 100 chief executives (CEO) earn on average 183 times more than a full-time worker, research suggests. A report by the High Pay Centre, a think tank which monitors income distribution, shows that top bosses…


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Sri Lanka PM pledges continued China ties

©EPA Sri Lankan children welcome Chinese President Xi Jinping to their country in September last year Sri Lanka’s controversial investment ties with China are set to continue amid a broader push to attract foreign capital…


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Japan economy contracts in second quarter

©Bloomberg The Japanese economy shrank at an annualised rate of 1.6 per cent in the second quarter of 2015, in a blow to Prime Minister Shinzo Abe’s hopes of reviving the country’s growth. Although the…


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Strong dollar weighs on dividends

©Getty Bundled dollars Global dividends have fallen year-on-year for the third quarter running as the strength of the US dollar continued to weigh on payouts. Investors received a total of $404.9bn in dividends in the…


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Murray beats Djokovic in Montreal

Andy Murray ended an eight-match losing run against Novak Djokovic, beating the world number one for the first time since 2013 to win the Montreal final. The Rogers Cup is the British number one’s fourth…


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ECB doubles time for banks’ risk review

©AFP The European Central Bank has quietly given itself up to four years for an “intrusive” review that could force the eurozone’s biggest banks to hold even more capital. Having originally hoped to complete the…


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Uber to beef up security team

©Getty The Uber smartphone app, used to book taxis using its service, is pictured over a parking lot as auto-rickshaws in New Delhi Uber, the ride-hailing service provider, is to significantly expand its security team…