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....The international body that represents central banks said a recovery in global trade this year and improving levels of GDP in most countries could create complacency and convince policymakers to ignore warning signs of excessive lending coming from the financial sector. With only two weeks until the G20 summit of world leaders in Hamburg, the Bank of International Settlements (BIS) said politicians and central banks needed to keep financial markets in check to prevent another crash. ... [Read full article on Guardian ]
Sunday 25th of June 2017 10:30:27 AM
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....Fears that the start of Brexit negotiations will damage the economy mean that interest rates should remain at their record-low level, the governor of the Bank of England has said. Mark Carney said he would want to see how businesses, financial markets and consumers reacted to the reality of the UK’s looming departure from the EU before changing his view. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 07:33:47 AM
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.... They think the EU has been a success, the single currency’s travails are simply teething troubles, that Emmanuel Macron heralds a new dawn for European social democracy and that socialism in one country is a fantasy. At the other end are those who think the EU embodies neo-liberalism, that the euro should be broken up, that Macron will deliver more for his former employers at Rothschild than for the French working class, and that radical socialism is possible even in the teeth of violent opposition from the financial markets. ... [Read full article on Guardian ]
Sunday 25th of June 2017 01:05:57 PM
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Latest Finance News related to Financial Market

With politics turned on its head, Labour sticks to Brexit ambiguity image
Source : Guardian [Read Article] Sunday 25th of June 2017 01:05:57 PM
.... They think the EU has been a success, the single currency’s travails are simply teething troubles, that Emmanuel Macron heralds a new dawn for European social democracy and that socialism in one country is a fantasy. At the other end are those who think the EU embodies neo-liberalism, that the euro should be broken up, that Macron will deliver more for his former employers at Rothschild than for the French working class, and that radical socialism is possible even in the teeth of violent opposition from the financial markets. ...
Central banks raise alarm over new crash after steep rise in lending image
Source : Guardian [Read Article] Sunday 25th of June 2017 10:30:27 AM
....The international body that represents central banks said a recovery in global trade this year and improving levels of GDP in most countries could create complacency and convince policymakers to ignore warning signs of excessive lending coming from the financial sector. With only two weeks until the G20 summit of world leaders in Hamburg, the Bank of International Settlements (BIS) said politicians and central banks needed to keep financial markets in check to prevent another crash. ...
Bank of England says interest rates should be kept on hold amid Brexit uncertainty image
....Fears that the start of Brexit negotiations will damage the economy mean that interest rates should remain at their record-low level, the governor of the Bank of England has said. Mark Carney said he would want to see how businesses, financial markets and consumers reacted to the reality of the UK’s looming departure from the EU before changing his view. ...
Brexiters have voted for a poverty even worse than austerity image
Source : Guardian [Read Article] Sunday 18th of June 2017 06:00:04 AM
.... In economics there are time lags between announcements and their consequences, and under George Osborne the Treasury overdid its warnings about the timing of the referendum’s effects. Only now are people beginning to realise the consequences of the decision made last year by the world’s financial markets that Britain had, in effect, voted to become poorer and less secure. ...
The Guardian view on austerity economics: it failed | Editorial image
Source : Guardian [Read Article] Wednesday 14th of June 2017 07:07:26 PM
.... Britain has a cost-of-living crisis at the same time that it has a political crisis. The only reason it is not having a sterling crisis as well is because the financial markets are clinging to the hope that the inconclusive result of the election makes a softer Brexit more likely. ...
UK pay squeeze breaks all sorts of records for all the wrong reasons | Larry Elliott image
....Cast your mind back to March 2008. The financial markets have been in turmoil since the previous summer and in the previous month the Labour government has been forced to nationalise the troubled bank Northern Rock. ...
Brussels plan could force euro clearing out of UK after Brexit image
Source : Guardian [Read Article] Tuesday 13th of June 2017 06:05:20 PM
....Technical experts at ESMA would make a relocation recommendation, with input from the European Central Bank, but the commission would take the final decision. “The purpose of our legislative proposal is to ensure financial stability and not moving business for the sake of moving business,” Valdis Dombrovskis, the European commission vice-president in charge of financial markets, told reporters. ...
Theresa May's election victory will prove pyrrhic indeed image
Source : Guardian [Read Article] Sunday 11th of June 2017 01:25:35 PM
....Labour could try to piece together a rainbow coalition to allow it to pass legislation, but it would require the unlikely support of every other party, including the DUP. If a minority Corbyn government ever looked like becoming a realistic possibility, the financial markets would take immediate fright. ...
If hard Brexit is dead, the odds on a chaotic one have shortened image
Source : Guardian [Read Article] Sunday 11th of June 2017 06:00:47 AM
.... Yet the chances of panic further down the line – either in the form of a plunge in sterling or a wobble in the gilts market – have surely increased. In other circumstances, one might say a cry of alarm from financial markets is exactly what’s required – it might help to force consensus. ...
UK economy falls to bottom of EU growth league image
Source : Guardian [Read Article] Thursday 8th of June 2017 05:33:45 PM
....“But it’s not all bad news – this is as much a story about global strength as it is about downside risks to the UK, which should eventually support exports”. The European Central Bank was the latest body to raise its growth forecasts for the eurozone on Thursday after telling financial markets it had no plans to cut interest rates. ...
Republicans take aim at Dodd-Frank financial rules image
Source : BBC [Read Article] Thursday 8th of June 2017 02:18:10 PM
....Proposals like that have been criticised from a wide range of interests, including large investment firms and consumer groups. "We think it is a really dangerous bill that would put our financial marketplace in a weaker position than it was," said Rachel Weintraub, legislative director and general counsel at the Consumer Federation of America. ...
US adds fewer jobs than expected image
Source : BBC [Read Article] Friday 2nd of June 2017 12:56:13 PM
....Is the US economic recovery stuck in a rut?. Job creation kept pace with population growth in May, but it was not what financial markets were expecting, said Paul Diggle, senior economist at Aberdeen Asset Management. ...
FTSE reaches record high as UK opinion poll spooks sterling image
Source : Guardian [Read Article] Friday 26th of May 2017 06:37:09 PM
....The assumption that the Tories would win handsomely, apparently strengthening May’s hand in talks on leaving the European Union, has driven the pound higher since she called an election for 8 June. The running logic of financial markets was that a big victory would let May face down hardline Brexiters in her party to make compromises needed for a smoother departure. ...
Oil price falls despite deal to extend output cut image
Source : BBC [Read Article] Thursday 25th of May 2017 03:28:00 PM
...." . Investors in the financial markets weren't much impressed by this agreement. ...
Greece fails to secure fresh bailout funds image
Source : BBC [Read Article] Monday 22nd of May 2017 11:40:41 PM
...."The feeling was. more work was needed to be able to have that kind of clarity that the financial markets understood and the Greek people understood (of) what to expect at the end of the programme period in terms of debt relief," Greek Finance Minister Euclid Tsakalotos said. ...
Church of England made stunning 17% return on investments in 2016 image
Source : Guardian [Read Article] Sunday 21st of May 2017 01:08:44 PM
.... Our historic performance over a 30-year period shows annual growth of 9. 6% per annum, despite periods of turbulence in the financial markets and our own portfolio – an average of 6% per annum ahead of inflation. ...
Paul Polman: ‘I could boost Unilever shares. But cutting costs is not our way’ image
.... Those actions have boosted the share price by a fifth, which is the best defence against a bid, but Polman also wants to draw wider lessons – and among his intended audiences are governments. “The financial market has changed and you need to be clear on what you want,” he says. ...
Lloyds reaches landmark as government sells final shares image
Source : Guardian [Read Article] Tuesday 16th of May 2017 04:45:44 PM
.... Then, he said, the bank had an “unsustainable” loan to deposit ratio of 177% – which made it reliant on borrowing on the markets to fund its growth. This has now fallen to 107% – almost a balance between its savers and depositors and requiring less funding on the financial markets. ...
Final taxpayer shares in Lloyds Banking Group to be sold off image
Source : Guardian [Read Article] Sunday 14th of May 2017 02:28:48 PM
.... Lloyds has set aside £100m to compensate 64 victims including the TV presenter Noel Edmonds but is facing questions about whether it will be enough. September 2008 A £12bn takeover of HBOS by Lloyds TSB comes just days after the collapse of Lehman Brothers sent shockwaves through financial markets. ...
Mohamed El-Erian: ‘We get signals that the system is under enormous stress’ image
.... One road leads to higher growth and a more inclusive form of capitalism while the other turns towards recession, instability and turmoil. The speaker is Mohamed El-Erian, one of the biggest names in financial markets, who advised President Obama. ...
Bank of England warns Brexit vote will damage living standards image
Source : Guardian [Read Article] Thursday 11th of May 2017 11:14:34 AM
.... But the Bank’s policymakers said weaker consumer spending would be offset by rising business investment and an improving trade performance as the weak pound and solid overseas demand boost exports. Explaining its rates decision, the Bank hinted that financial markets’ recent expectations were on the low side and that a rate rise could come sooner than many investors expected. ...
UK will face pay squeeze this year as inflation spikes, warns thinktank image
Source : Guardian [Read Article] Wednesday 10th of May 2017 04:57:33 AM
....It said moves towards Brexit since the vote to quit the EU last June had made little impact on its forecasts. It said the triggering of article 50 had only a short term impact on financial markets, leaving the economy to move ahead, albeit at a slower pace than before the vote. ...
Why the global markets are ignoring the global turmoil | Nouriel Roubini image
.... And China is continuing to engage in – and in some cases escalate – its territorial disputes with regional neighbours. Despite these geopolitical risks, global financial markets have reached new heights. ...
The Great Recession hurt millions. Now, Republicans want to risk a repeat | Keith Ellison image
.... Dodd-Frank also empowered shareholders, financial regulators and investors to put a check on Wall Street. Because of Dodd-Frank, the financial markets have stabilized. ...
US jobs growth accelerates in April image
Source : BBC [Read Article] Friday 5th of May 2017 01:37:34 PM
....If the evidence continues to support that view, then we can expect the Fed to raise interest rates again at meeting next month. That's certainly what the financial markets expect. ...
Will London survive as a financial centre after Brexit? image
Source : Guardian [Read Article] Wednesday 26th of April 2017 07:08:45 AM
....Brexit has set a hungry cat among the financial pigeons of the City of London. No one yet knows what kind of access to the European Union’s single financial market UK-based firms will have, and Theresa May’s call for a general election to be held on 8 June has further clouded the picture, at least in the short term. ...
Lloyds: Taxpayers get all their money back after rescue image
Source : BBC [Read Article] Friday 21st of April 2017 05:01:52 PM
....". There were plans to sell off a large tranche of shares to the public rather than institutional investors, but this was scrapped last year, with then chancellor George Osborne blaming turmoil in global financial markets. ...
Presidential challenge image
Source : BBC [Read Article] Thursday 20th of April 2017 03:10:40 PM
....It's true the government's borrowing costs are not high. One widely used measure is the yield or return in the financial market on government bonds or debt due for repayment in 10 years. ...
IMF ratchets up UK economic growth forecast to 2% image
Source : Guardian [Read Article] Tuesday 18th of April 2017 01:00:29 PM
....”. The Fund listed six downside risks including: protectionism; faster than expected interest rate increases in the UK leading to financial market disruption; an aggressive rolling-back of financial regulation leading to excessive risk taking; and the vulnerability of China’s financial system after a period of rapid credit growth. ...
Facing the future image
Source : BBC [Read Article] Sunday 16th of April 2017 11:29:50 PM
.... . Algorithms routinely churn out news reports on the financial markets and sports - although, luckily for me, it seems they can't yet write feature articles about technology and economics. ...
Higher interest rates. Great idea. Here’s why it won’t happen image
Source : Guardian [Read Article] Saturday 15th of April 2017 04:00:06 PM
.... Claudio Borio, head of the BIS, made a stab at it earlier this year. He rejected the argument put forward most forcefully by Larry Summers, the former US Treasury secretary, that baby-boomer saving, excessive by historical standards, has created a mismatch of supply and demand in financial markets and that with a surfeit of funds chasing a handful of investment opportunities, it was inevitable lending would yield low returns. ...
Students face sharp rise in interest on tuition loans image
Source : BBC [Read Article] Wednesday 12th of April 2017 11:02:18 AM
....The foundation's report on tuition fee interest was called "The Packhorse Generation" to describe these increasing levels of debt. The government is also in the process of trying to sell off the student loan book to the financial markets. ...
Inflation is only going one way. Let's hope interest rates don't follow | Larry Elliott image
....That is provided there is not another downward lurch in sterling, because that would further raise the cost of imports and push the inflation rate closer to 4%. If the MPC sat tight under those circumstances, the financial markets might decide that the pound was a one-way bet and carry on selling. ...
Hull after Brexit – will the City of Culture regret voting out? image
Source : Guardian [Read Article] Sunday 2nd of April 2017 02:30:03 PM
....Last November, in its 2015-16 annual report, which revealed income from worldwide operations of €79bn (£69bn) from a global workforce of 351,000, Siemens delivered a stark warning to its shareholders about the consequences of Britain leaving the EU. “The UK exit process could heighten business and consumer uncertainty, reduce investment in the UK, pose risks to financial markets and may increase the uncertainties about the future of the EU in the course of the UK exit negotiations,” it said. ...
London Stock Exchange and Deutsche Börse merger blocked by EU image
Source : Guardian [Read Article] Wednesday 29th of March 2017 09:58:06 AM
....Vestager confirmed on Wednesday that LSE and Deustche Börse had refused to meet her requests to offset concerns about competition. She said: “The European economy depends on well-functioning financial markets. ...
London Stock Exchange-Deutsche Boerse deal blocked by EU image
Source : BBC [Read Article] Wednesday 29th of March 2017 09:24:57 AM
.... . London Stock Exchange Group said it "regrets" the commission's decision, as the deal would have created a "world-leading" financial markets firm. ...
Nervous markets take fright at prospect of Trump failing to deliver | Larry Elliott image
. Shares, oil and the US dollar were all under pressure as global financial markets took fright at the prospect that Donald Trump would fail to deliver on his growth-boosting promises. ...
Rising food and fuel prices hoist UK inflation rate to 2.3% image
Source : Guardian [Read Article] Tuesday 21st of March 2017 11:27:08 AM
....8% inflation in January to 2. 3% in February took inflation above the Bank of England’s 2% target and immediately raised expectations on financial markets that the Bank could raise interest rates sooner than previously thought to keep price rises in check. ...
Stock markets soar across Europe as FTSE clocks up new high image
Source : Guardian [Read Article] Thursday 16th of March 2017 06:58:16 PM
....Stock markets across Europe soared as traders reacted to the defeat of an anti-EU candidate in Dutch elections and the latest interest rate announcement from the US central bank. The Federal Reserve accompanied its latest rate rise this week with guidance that it would not tighten policy quite as much as financial markets anticipated this year. ...
Interest rate rise is further away than MPC vote suggests image
Source : Guardian [Read Article] Thursday 16th of March 2017 05:50:07 PM
.... Minutes of the MPC meeting said that it wouldn’t take a lot more inflationary pressure for some members to join her in pressing for a tighter stance. That was the cue for a rally in the pound as the financial markets contemplated interest rates being raised sooner than expected. ...
Slow burn image
Source : BBC [Read Article] Wednesday 15th of March 2017 06:27:47 PM
....The next move came a year later and now we have rate rise number three. And the financial markets are expecting further steps this year, perhaps two more. ...
Iceland to end capital controls from 2008 financial crisis image
Source : BBC [Read Article] Sunday 12th of March 2017 03:14:37 PM
....At the same time Iceland's national currency, the krona, fell in value. The removal of the capital controls - which helped stabilise the currency and economy during the country's financial crash - represents the completion of Iceland's return to international financial markets. ...
Markets in 'no doubt' on US rate rise image
Source : BBC [Read Article] Friday 10th of March 2017 10:33:01 PM
.... . Already financial markets were expecting that the Fed will try to pre-empt a sharp future rise in inflation by raising interest rates at a policy making meeting next week. ...
US jobs report means Fed rate hike is a bolt-on certainty image
Source : Guardian [Read Article] Friday 10th of March 2017 03:03:04 PM
.... This was not it. Indeed, the financial markets have already moved on from next week to musing about how many more times the Fed will tighten during the course of 2017. ...
US jobs growth strengthens case for March rate rise image
Source : BBC [Read Article] Friday 10th of March 2017 01:36:59 PM
.... . Already financial markets were expecting that the Fed will try to pre-empt a sharp future rise in inflation by raising interest rates at a policy making meeting next week. ...
Hammond gets budget boost as OECD upgrades UK growth forecast image
Source : Guardian [Read Article] Tuesday 7th of March 2017 10:00:39 AM
.... That would be faster than the 3% in 2016, but below the historical average of about 4% in the two decades before the global financial crisis. The OECD said there were various risks to global growth, including what it called “disconnects” between rallying financial markets and economic reality. ...
Trump could end global trade and force choice between US and China, says economist image
....The presidency of Donald Trump could mark the breakdown of global trade and the division of the world into trading blocs based around currencies – forcing Australia to choose between the United States and China. That is the scenario that will be painted by Michael Every, head of financial markets Asia Pacific for Rabobank at the Australian Bureau of Agricultural and Resource Economics and Sciences (Abares) Outlook conference on Tuesday. ...
Fed boss says US rates may rise in March image
Source : BBC [Read Article] Friday 3rd of March 2017 08:14:34 PM
....". In her speech Ms Yellen also said that waiting too long to raise rates "could potentially require us to raise rates rapidly sometime down the road, which in turn could risk disrupting financial markets and pushing the economy into recession". ...
City watchdog sounds alarm bells over hard Brexit image
Source : Guardian [Read Article] Monday 27th of February 2017 03:06:00 PM
. A hard Brexit poses risks to the integrity of financial markets and could make it harder to protect consumers from wrongdoing by banks, the head of the City regulator has warned MPs. ...
Federal Reserve may raise US rates 'fairly soon' image
Source : BBC [Read Article] Wednesday 22nd of February 2017 10:25:49 PM
....8% target. That could trigger inflation pressures and force the Fed to boost rates at a faster pace than financial markets expect. ...
Senators grill Janet Yellen on Republican plans to neuter Dodd-Frank Act image
Source : Guardian [Read Article] Tuesday 14th of February 2017 05:35:18 PM
....Yellen said that if, as the Fed expects, the jobs market continues to improve and inflation continues to rise, an increase in the benchmark federal-funds rate would probably be appropriate “at our upcoming meetings”. Yellen told the Senate banking committee that “waiting too long would be unwise” and could trigger a recession if the Fed was forced to raise rates rapidly, disrupting financial markets. ...
Trump presidency poses threat to global economy, warns Fitch image
Source : Guardian [Read Article] Friday 10th of February 2017 04:37:52 PM
....co/XObCY0Dz9p. Key risks, from Fitch’s perspective, included possible disruptions to trade relations, limits on migration that affect the amount of money foreign workers in the US send home, and “confrontational exchanges” between policymakers that could spark swings in currencies and other financial markets. ...
Trump envoy says Greece is now more likely to leave the euro image
Source : Guardian [Read Article] Wednesday 8th of February 2017 03:10:19 PM
....Days after being accused of “outrageous malevolence” towards the EU for publicly declaring that it “needs a little taming”, Ted Malloch courted fresh controversy by saying Greece should have left the eurozone four years ago when it would have been “easier and simpler”. Malloch made his comments as financial markets began to take fright at the possibility of a fresh Greek debt crisis later this year. ...
Greece's debt costs rise sharply as worries grow over IMF role image
Source : Guardian [Read Article] Tuesday 7th of February 2017 06:26:16 PM
....Fresh worries over Greece’s debts have pushed the country’s borrowing costs sharply higher amid renewed insistence from Athens it will not swallow further austerity demands from international lenders. The yields on two-year government bonds jumped to their highest level since last June and went above 10% to reflect growing anxiety on financial markets over Greece’s ability to keep up to date with debt repayments. ...
Trump's bonfire of banking rules could burn us all | Nils Pratley image
Source : Guardian [Read Article] Monday 6th of February 2017 07:14:50 PM
.... US banks have been relative winners from reform. Their dominance of international financial markets is greater even than it was in 2008-09 and the explanation, in part, is surely that they were faster and more determined in raising the extra capital that the FSB and Basel committees requested. ...
Paris steps up drive to woo London bankers uprooted by Brexit image
Source : Guardian [Read Article] Monday 6th of February 2017 04:04:18 PM
....”. Pécresse rejected suggestions that Paris, therefore, had an incentive to make sure there was only minimal agreement with Britain for financial market access after Brexit. ...
Trump’s honeymoon with the stock market will soon be over | Nouriel Roubini image
....To be sure, expectations of stimulus, lower taxes and deregulation could still boost the economy and the market’s performance in the short term. But, as the vacillation in financial markets since Trump’s inauguration indicates, the president’s inconsistent, erratic, and destructive policies will take their toll on domestic and global economic growth in the long run. ...
Deutsche Börse chief probed over €4.5m share deals ahead of LSE merger talks image
....”. The London Stock Exchange and Deutsche Börse merger would create a financial markets giant able to compete with the Chicago Mercantile Exchange and ICE, the operator of the New York stock exchange, as well as the Hong Kong stock exchange. ...
Brexit has allowed the banks to get off Britain's naughty step image
Source : Guardian [Read Article] Sunday 29th of January 2017 04:00:28 PM
....The end of banker bashing is frustrating for those who have been campaigning for a financial transactions tax, an idea first floated by the US economist James Tobin in the early 1970s but which only started to look like a realistic proposition since the crash. An FTT has two aims: it is supposed to reduce the amount of churn in financial markets and hence make them less unstable; and – because activity is so enormous – it is designed to raise substantial amounts of money for governments even if the levy leads to a fall in the number of trades. ...
Energy sector faces struggle to find the female engineers of the future image
Source : Guardian [Read Article] Saturday 28th of January 2017 04:00:04 PM
....Sara Bell, founder of technology company Tempus Energy, says while it is still vital to encourage girls to study Stem subjects – science, technology, engineering and mathematics – the industry has to look at how it presents itself. “I used to work in financial markets, which is a pretty testosterone-fuelled environment. ...
Frankfurt prepares for Brexit bankers: 'Maybe our city will change them' image
Source : Guardian [Read Article] Friday 27th of January 2017 07:15:19 AM
....A recent research paper by Prof Dirk Schiereck of the Technical University in Darmstadt concluded that the merger between the London Stock Exchange and Deutsche Börse (which commissioned the paper) increases the probability of Frankfurt securing a large chunk of post-Brexit spoils. The report predicts the German city will become “the clear European centre for financial market regulation and … the European centre for supranational risk management”. ...
George Soros: Theresa May won't last and Trump is 'would-be dictator' image
Source : Guardian [Read Article] Friday 20th of January 2017 02:23:23 AM
....“I personally have confidence that he’s going to fail … because his ideas that guide him are inherently self-contradictory,” added Soros, who was a supporter of Trump’s Democratic rival Hillary Clinton during the 2016 US presidential election campaign. Soros said he expected financial markets to “not do very well” because of the uncertainty generated by the Trump administration. ...
Brexit jitters mean less junk mail (and less money for the Royal Mail) image
Source : Guardian [Read Article] Thursday 19th of January 2017 03:20:30 PM
....The company pays around £400m a year into its “defined benefit” scheme, which guarantees a pension based on a postal worker’s average salary over his or her lifetime, rather than what happens on the stock market. But the company said financial market conditions had deteriorated so much that the cost of keeping the plan fully open would balloon to £900m over the next few years. ...
The Trump effect has rallied US markets – but it's based on illusion | Robert Shiller image
.... But seeing the folly in markets provides no clear advantage in forecasting outcomes, because changes in the force of the illusion are difficult to predict. In the US, two illusions have been important recently in financial markets. ...
IMF upgrades UK forecast but notes Brexit terms are 'unsettled' image
Source : Guardian [Read Article] Monday 16th of January 2017 02:00:25 PM
....1% in 2016. “A faster pace of expansion would be especially welcome this year: global growth in 2016 was the weakest since 2008-09, owing to a challenging first half marked initially by turmoil in world financial markets,” said Obstfeld, referring to sharp swings on markets this time last year. ...
If the City vs Brussels is like a game of Jenga, it’s possible both sides could lose image
.... The dominance of the City of London within European financial services is enormous and, in one sense, unsurprising. In big wholesale financial markets, trading activity tends to concentrate in order to keep costs low. ...

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