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CNBC Squawk Box May 4, 2016

Percentage points and australia down after the bank to bring Interest Rates lower. Lets take a look at what happened in europe, youre going to see, at least in the early trading there, european markets for the most part are in the red. The dax down by 0. 75 . So is the cac in france. The ftse is down by 1. 3 . Finally, a look at crude oil prices yesterday, they pulled back again down 1. 13 to 43. 65. Wti is sitting in that same position at 43. 51. Were going to politics but first the top headlines this morning. The biggest one being this, takata expected to announce it is recalling 35 to 45 million more air bags in the United States. This is going to double what is the largest and complex safety recall in u. S. History. An official announcement could come as soon as today. Separately, a bidding war is brewing in the pharma sector as joe said. Pfizer approaching cancer drugmake ....

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banking system: Growth opportunities in the banking system are phenomenal: Keki Mistry

Keki Mistry says: “Retail credit is the fastest growing. Retail credits would include housing loans, credit cards, personal loans, car loans, all of that. For the first time in recent times, I have seen that the average Indian, the middle class Indian is not averse to borrowing money to consume, to spend, which is very different from what we used to see in India 20, 30, 40 years ago.” ....

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India Credit Card Market Competition, Forecasts & Opportunities, 2028F - A Shift from Debit-based to Credit-based Economy and Emergence of Co-branded Card Offerings Driving Growth

The "India Credit Card Market Competition Forecast & Opportunities, 2028" report has been added to ResearchAndMarkets.com's offering.

The Indian credit card market is poised to exhibit robust growth to 2028

The increasing adoption of cashless. ....

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