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An ancient saying states that when two dogs fight for a bone, a third will run away with it. As such, the escalating conflict between Russia and Western countries is expected to result in closer economic ties between Russia and other countries, especially China. There are opportunities in a wide range of sectors, such as

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Visa Inc. (NYSE:V) is set to report FQ3 2014 earnings after the market closes on Thursday, July 24th. Visa is an American multinational financial services company known for its branded credit and debit cards. Last quarter Visa lost its status as the world’s most popular debit card to China UnionPay, nevertheless Visa continues to grow in both EPS

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Visa Inc. (NYSE:V) is set to report FQ3 2014 earnings after the market closes on Thursday, July 24th. Visa is an American multinational financial services company known for its branded credit and debit cards. Last quarter Visa lost its status as the world’s most popular debit card to China UnionPay, nevertheless Visa continues to grow in both EPS

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Korea’s credit card firms are bolstering efforts to expand their global networks to reduce their reliance on Visa and MasterCard ― the world’s two largest payment-services providers.The two multinational payment services giants receive up to a 1-percent transaction fee from customers for overseas purchases. In addition, Korean credit card firms such as BC Card, Lotte

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SEOUL, Korea, April 29, 2014 (Korea Bizwire) – Korea’s credit card companies started reconsidering their links with the world’s major credit card issuers such as Visa and MasterCard, which have been dominant players in the local market until recently. The industry, instead, is set to strengthen their ties with China UnionPay and Discover Card as a way to save

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  RT: Visa and MasterCard accounted for 85 percent of the market share of global transactions in 2013. What are the implications for the rest of the world? By 2018 China will be Russian energy’s biggest customer, along with huge trade volume between the two states. So it makes sense for Russia to take advantage of

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CARPINTERIA, Calif., April 7, 2014 /PRNewswire/ — Purchases for goods and services from merchants worldwide in 2013 grew by $2.786 trillion or 22.0% to $15.422 trillion*. The most popular payment method based on purchase volume were UnionPay debit cards, which for the first time surpassed Visa credit cards and Visa debit cards, according to the annual report, Global Cards, published in the

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Some 27 million Chinese people, or two percent of the country’s total population, are reportedly consuming one third of the world’s luxury items, including cosmetic products, private jets, jewellery, timepieces and leather products. LVMH, Richemont and Kering are the world’s top three luxury groups, which in total control more than half of the global market

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China may become the world’s largest digital market place as its online sales are predicted to exceed USD 1 trillion by 2020, a recent study indicates. According to a report by global consulting company Boston Consulting Group and Beijing-based media Caixin, the growth rate of the Chinese e-commerce market has surpassed other major countries. Results

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China to overtake US in e-commerce in 2013     China’s e-commerce market will experience a 32 percent annual growth and is set to reach US$539 billion by 2015.     China is set to overtake the U.S. in e-commerce to be the world’s largest e-commerce market this year, led by shoppers from the rising

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