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Credit crunch: Visa tumbles on Amazon ban in UK – Aljazeera.com

Shares of Visa slumped 6.5 percent, erasing some $33bn in value after Amazon.com kicked back against high fees.

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Visa Inc. posted its biggest decline in over a year and a half on Wednesday, dragging down industry peers such as Mastercard Inc., after Amazon.com Inc. said it will stop accepting purchases made with the companys credit cards issued in the U.K. as of next…

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