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UPDATE 4 Swiss govt in talks on UBS stake as lock up ends
No decision yet to convert or sell state s notes in UBS Government in talks on options for stake Decision depends on stability of finance system State wants to recoup as much of investment as possible UBS shares up 0 6 percent Adds more analyst comment By Jason Rhodes ZURICH June 9 Reuters The...
JPM
Top 5 Things to Know In the Market on Wednesday
Investing com Here are the top five things you need to know in financial markets on Wednesday December 7 1 Italian banks buoyed by bailout hopes Shares in Banca Monte dei Paschi di Siena MPS MI BMPS the oldest and most troubled of the Italian banks soared more than 7 on Wednesday after Reuters reported that...
JPM
Top 5 things to watch today
Investing com Italian banks buoyed by bailout hopes Global stocks breathe sigh of relief over Italian bank bailout report Pfizer NYSE PFE hit with record 106 million fine Oil holds steady ahead of inventories producer meeting EU fines NYSE JPMorgan NYSE HSBC PA Credit Agricole for euribor rigging
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EU fines Agricole JPMorgan and HSBC 520 million over Euribor
By Philip Blenkinsop BRUSSELS Reuters The European Commission has fined Credit Agricole PA CAGR HSBC L HSBA and JPMorgan Chase N JPM a total of 485 million euros 520 million for their alleged participation in a cartel to manipulate the price of the Euribor financial benchmark The Commission said on Wed...
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India s Sun Pharma Buys Troubled Ranbaxy To Create Generics Giant
By India s largest drug maker by market value Sun Pharmaceutical Industries Ltd BOM 524715 announced Sunday that it will acquire Ranbaxy Laboratories Limited BOM 500359 in an all stock deal worth 3 2 billion and the merged entity will be India s largest drug maker and the fifth largest generic drug company i...
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iFOREX Daily Analysis 15 01 2016
The dollar edged higher against the other major currencies on Thursday helped by data showing that U S jobless claims rose unexpectedly last week and as concerns over the ongoing oil rout persisted The U S Department of Labor said the number of individuals filing for initial jobless benefits in the week ending Janu...
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POLL China s CPI and PPI to fall more steeply in April
What China s April inflation data When Monday May 11 at 0200 GMT Both CPI and PPI to fall deeper into negative territory BEIJING May 7 Reuters China probably saw a steeper drop in consumer and factory gate prices in April as deflationary pressure intensified in the world s third largest economy The ...
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POLL Stimulus to boost China s Jan April investment
What China s urban fixed asset investment for Jan April When Tuesday May 12 at 0200 GMT Pace of spending quickens as government projects start up BEIJING May 7 Reuters Fixed asset investment the key driver of Chinese growth in recent years probably gathered even more momentum in April as the governme...
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ANALYSIS Dubai property market suffers as Western cash dries up
Dubai property prices to continue slump Contractors seek new opportunities elsewhere European investors favour more familiar markets By Jason Benham and Sinead Cruise DUBAI LONDON May 14 Reuters European investors have mothballed plans to invest in Dubai s bombed out property in favour of more familiar ...
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European Equities Rise Led By Financials
The Forex Trader Portal Current Futures Dow 12 00 S P 1 20 NASDAQ 0 25European and Asian markets were pulled higher as three major banks are preparing to pay back the TARP funds a sign that the financial sector is finding some stability Additionally oil broke above the 60 benchmark which pulled the commodity...
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Global Trading Wrap Wall Street Falters On Banking Fears
Wall Street U S stocks were unable to hold onto gains and banks led the market lower in the final stages of trading Investors in bank stocks were spooked after Moody s Investor Service said commercial property values plunged by 21 in March and also predicted further declines After the report the S P 500 Banks Ind...
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RPT FEATURE South Korea zones struggle to lure FDI in downturn
Repeats story that moved at 0000 GMT By Jonathan Hopfner SEOUL May 20 Reuters Even in a country known for economic miracles trying to build the region s most competitive city from scratch looks ambitious But on a muddy patch of reclaimed land near South Korea s west coast port of Incheon the skyline is alr...
JPM
Spain s Banco Popular to replace chairman after shareholder revolt
By Angus Berwick MADRID Reuters Banco Popular regarded as the weak link in Spain s banking sector is to replace Chairman Angel Ron after shareholders rebelled over his lackluster progress in cleaning up 30 billion euros 25 19 billion pound in toxic assets Ron has led Popular Spain s sixth largest by assets wh...
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Brazil s Temer says unpopular moves by Congress hurting confidence
SAO PAULO Reuters Attempts by Brazil s Congress to water down anti corruption and campaign funding legislation that sparked public outrage in recent days have hampered confidence in the South American country President Michel Temer said on Thursday Temer speaking at a seminar sponsored by JPMorgan Chase Co ...
JPM
Small banks rally pauses but may not be over yet
By Sinead Carew and Chuck Mikolajczak NEW YORK Reuters The rally in regional U S bank stocks that followed last month s election of Donald Trump may not be over but investors may have to wait for policy to take shape for the massive move to extend further The S P 600 index of small cap banks has surged more than...
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Mizuho SMBC in talks to provide 800 million euros in loans to Gazprom sources
TOKYO Reuters Japan s Mizuho Bank and Sumitomo Mitsui Banking Corp are working on a deal to provide 800 million euros 845 million in loans to Russian gas giant Gazprom MCX GAZP sources familiar with the matter said on Monday The banks are in talks to finalize the deal during Russian President Vladimir Putin ...
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Manufacturing PMI gains point to support for oil other commodities
Investing com PMI manufacturing gains may underpin oil other commodities looking forward NYSE JPMorgan Global Manufacturing PMI hit a 27 month high in November Strong correlation between PMI performance and commodity prices three and six months out Analysts see commodity prices up 9 on average over next three...
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Italy readying state bailout for Monte dei Paschi bank sources
By Stefano Bernabei and Giuseppe Fonte ROME Reuters Italy is preparing a state bailout for Monte dei Paschi di Siena MI BMPS as the bank s hopes of being saved by private funding fade following Prime Minister Matteo Renzi s decision to quit sources close to the matter said on Tuesday One of the sources said a g...
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JPMorgan CEO says bank may look to pay special dividend
NEW YORK Reuters The stock of JPMorgan Chase Co N JPM has been climbing so much that at a certain price the company may consider issuing a special dividend to distribute excess capital rather than buying back additional stock Chief Executive Jamie Dimon said on Tuesday Dimon speaking at an investor confer...
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U S futures tumble amid geopolitical tensions Dow Jones down 0 92
Investing com U S stock futures pointed to a sharply lower open on Monday as growing concerns over tensions between Ukraine and Russia weighed on global equity markets while markets eyed the release of U S data later in the day Ahead of the open the Dow Jones Industrial Average futures pointed to a 0 92 drop ...
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A Look At Oceanograf a Mexican Firm Behind The Citigroup Banamex Scandal
By MEXICO CITY As Citigroup Inc NYSE C faces allegations of fraud and while its Mexican unit Banco Nacional de Mexico Banamex is being investigated by the Mexican government a certain name has entered into the equation Oceanograf a S A de C V The oil company was behind the accounts at Banamex which s...
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If US Jobs Increase Will Earnings Decrease
By Some investors fear that more U S jobs could spell the end of corporate profits and recent remarkable equity rallies noted Citigroup Inc NYSE C in a research note on Tuesday In other words the interests of equity investors and working Americans may be misaligned if some Wall Street sentiment is anything t...
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U S futures edge higher ahead of data Dow Jones up 0 13
Investing com U S stock futures pointed to a higher open on Thursday as investors awaited the release of U S economic reports later in the day although disappointing data out of China was expected to limit gains Ahead of the open the Dow Jones Industrial Average futures pointed to a 0 13 gain S P 500 futures ...
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U S stocks open higher on strong economic reports Dow Jones up 0 37
Investing com U S stocks opened higher on Thursday supported by the release of upbeat U S retail sales and jobless claims data although disappointing Chinese economic reports released earlier in the day continued to weigh During early U S trade the Dow Jones Industrial Average rose 0 37 the S P 500 added 0 2...
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ANALYSIS SWFs set to resume search for returns gradually
By Natsuko Waki LONDON April 7 Reuters Sovereign wealth funds hit hard by ill timed investments into Western banks may soon dip their toes back into risky assets with a more focused approach that avoids bargain seeking for its own sake After their 80 billion investment into major banks since 2007 turned sour...
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FACTBOX Bulls vs bears as economies improve slightly
LONDON April 8 Reuters Investors are divided over the significance of recent signs of improvement in the world economy and rises in global stock markets One side says it is all just a bear market rally that will soon end the other that there is light at the end of the tunnel after the massive disruptions over m...
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UPDATE 1 Lotte bows out of final bid for InBev s OB source
Lotte won t submit final bid for OB source Final round of offers due Friday sources Three private equity firms in the running sources Financing critical to getting deal done Adds details on lenders background byline By Michael Flaherty HONG KONG April 17 Reuters South Korean retailer Lotte Grou...
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REFILE ANALYSIS ECB s foot dragging to benefit Bunds ultimately
Refiles to add word pound to 13th paragraph and pounds to 14th paragraph By Kirsten Donovan LONDON April 20 Reuters Euro zone government bonds have underperformed U S and UK debt due to the European Central Bank s reluctance to adopt the sort of quantitative easing used elsewhere but they should fare bet...
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European Equities And U S Futures Decline Overnight
Current Futures Dow 78 00 S P 9 10 NASDAQ 11 50European markets are currently trading below the break even line while U S futures posted significant declines during the overnight session Asian shares headed higher in the first part of the trading session but after the mid day break the market shed the gains ...
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FOREX Yen rises vs dollar on U S bank jitters
Yen rebounds towards a three week high vs dollar Investors wary of U S bank stress tests Aussie gives up gains made vs yen after Kirin news By Satomi Noguchi TOKYO April 23 Reuters The yen rose broadly on Thursday climbing back towards a three week high against the dollar touched the previous day as U...
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FOREX Yen slips broadly as equities rebound
Yen pares gains as US stock futures Nikkei turn higher Investors awaiting results of U S bank stress tests Some focus on Japan mutual fund launches towards month end By Masayuki Kitano TOKYO April 23 Reuters The yen gave up early gains and slipped broadly on Thursday as U S stock futures and Tokyo sha...
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Forex Yen gains in Asia as retail household data mixed equities eyed
Investing com The yen gained slightly in Asia on Tuesday after mixed data on retail sales and household spending with investors watchinga series of major finance houses including MOrgan Stanley and JPMorgan NYSE JPM Cazenove upping equity bets on expectations of a weaker yen as the Fed looks set to raise rates next...
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Natural Gas Prices In January Are Remarkable Notes SP
By U S natural gas prices have posted their biggest monthly gain since September 2009 thanks to the frigid weather in January according to Standard Poor s January 2014 has been a remarkable month for commodities overall and for natural gas specifically as record cold temperatures disrupted the movement of good...
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Commodity Sector Outlook Got You Down Consider This Metal
By Commodities have started to seriously bore Wall Street That s because commodity prices are expected to hold steady at best this year and many are expected to fall Production is generally seen as keeping pace with or exceeding demand and inventories of a number of commodities are not low enough to bolster ...
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China Wheat Intake Up 5000 In December 2013
By Here s a percentage change you don t see often on Wall Street 5319 1 percent That s the change from December 2012 to December 2013 in China s wheat imports measured in kilo tonnes according to a recent Citigroup Inc NYSE C note In real terms the change is also staggering That 5319 YoY increase was not...
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Philip Morris 4Q Earnings Preview Bigger Profit Margin Seen Offsetting Lower Sales
By Philip Morris International Inc NYSE PM the world s biggest non governmental tobacco company will report a 6 percent fourth quarter profit increase as bigger margins offset the drag of a strong dollar higher excise taxes in Europe and lower cigarette sales volumes The New York based company which report...
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What Argentina Means For Frontier Market Investors
By After a decade long love affair with emerging markets investors turned to frontier markets as the latest in investment chic pinpointing markets where both risks and rewards were substantial But recent troubles in Argentina once a common example of a promising frontier market may make frontier market specia...
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3 Former Employees Of Barclays Charged With Libor Manipulation
By Britain s Serious Fraud Office said on Monday that it has launched criminal proceedings against three former employees of Barclays NYSE BCS charging them with manipulation of the Libor interest rate benchmark dealing yet another blow to the British bank which has been dealing with the scandal for the last tw...
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U S futures rise ahead of home sales data Dow Jones up 0 20
Investing com U S stock futures pointed to a higher open on Friday as Thursday s upbeat U S economic reports continued to fuel optimism over the strength of the country s economic recovery while markets still eyed upcoming home sales data Ahead of the open the Dow Jones Industrial Average futures pointed to a 0...
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U S stocks open mixed home sales report ahead Dow Jones down 0 07
Investing com U S stocks opened mixed on Friday as markets anticipated the release of U S new home sales data later in the trading session after upbeat U S economic reports on Thursday supported equity markets During early U S trade the Dow Jones Industrial Average eased 0 07 the S P 500 inched up 0 03 wh...
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Maybe More Than A Matter Of Timing Domestic Oil Inventories Increase
For the tenth straight week dating back to the week just before the global liquidations in August reported domestic crude inventories increased At 489 4 million barrels the current level of oil stock excluding the SPR is only slightly less than the record high of 490 9 million barrels reached the week of April 24...
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Few Impediments To Further Gains By Year End For US Equities
Summary Aside from the upcoming FOMC meeting there do not appear to be many strong impediments to further gains by year end for US equities Three scenarios seem possible A breakout higher now is likely to be a failed move especially if it occurs prior to the December 16 FOMC meeting This would the best scenario f...
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Some Banks Agree That The U S Economy Is Steamrolling Toward Recession
As we approach the end of 2015 researchers at both JP Morgan and Citigroup agree that the probability that the U S economy will soon plunge into recession is rising Just last week a member of the U S House of Representatives asked Janet Yellen about Citigroup s assessment that there is a 65 percent chance that the...
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US Data Trends Continue
The incoming economic data continues to disappoint The Citigroup N C Economic Surprise index set a record this year for the length of time it stayed in the negative column data less than expected of over 200 consecutive days Even in the depths of the Great Recession we never had more than 100 consecutive days in ...
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UPDATE 1 Dubai s Arabtec targets five Egypt projects
Home real estate slump makes Arabtec look elsewhere Egypt seen as fundamentally sound Adds analyst comment background closing share price By Jason Benham DUBAI March 10 Reuters The United Arab Emirates largest contractor by market value Arabtec Construction is targeting five projects in Egypt as it l...
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European property market may not recover till 2012
Banks claim interest in new lending Cynical investors braced for more tough times ahead By Juliette Rouillon CANNES France March 13 Reuters Europe s debt strapped commercial real estate market may not experience a turnaround for up to three years delegates at the MIPIM trade fair told Reuters this week ...
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UPDATE 1 David Miles to replace BoE dove Besley also to go
Adds quote details By Sumeet Desai LONDON March 19 Reuters Morgan Stanley chief UK economist David Miles will replace David Blanchflower on the Bank of England s Monetary Policy Committee when the arch dove leaves in June Britain s finance minister said on Thursday And MPC member Tim Besley said he would no...
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UPDATE 2 BoE s Dale sees recovery end 2009 risks to downside
Dale role for targeted temporary UK fiscal stimulus Dale start of recovery could be later than end 2009 Miles high debt levels threaten low gilt yields Tucker caution needed on regulatory changes Adds question and answer session BoE s Tucker and MPC member designate Miles By Matt Falloon LONDON...
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UPDATE 4 BoE s Dale sees recovery end 2009 risks to downside
Dale role for targeted temporary UK fiscal stimulus Dale start of recovery could be later than end 2009 Miles high debt may affect gilt yields but no disaster Tucker caution needed on regulatory changes Adds details By Matt Falloon LONDON March 27 Reuters Britain s economy should start to ...
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RPT UPDATE 2 Esprit in talks with CEO candidate shares see saw
in talks with CEO candidate chairman will stay on until December 2010 stock falls despite succession concerns easing Repeats to fix transmission error Add details background comments stock price By Donny Kwok HONG KONG March 31 Reuters Fashion retailer Esprit 0330 HK whose shares have been ba...
JPM
JPMorgan says French labor law in way of big move to Paris post Brexit
PARIS Reuters JPMorgan N JPM would be reluctant to move many jobs to Paris following Britain s exit from the European Union because of France s protectionist labor laws the U S based investment bank s France head told Reuters on Tuesday Paris could be an attractive option to move small groups of well paid trad...
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Citigroup Q4 earnings revenue miss estimates shares fall 3
Investing com Banking conglomerate Citigroup reported worse than expected fourth quarter earnings and revenue on Thursday sending its shares lower in pre market trade Earlier in the day in its third quarter earnings report Citigroup said adjusted earnings per share came in at USD0 82 below expectations for USD0 9...
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El Erian Is Leaving PIMCO Now What
By On Tuesday the Pacific Investment Management Company PIMCO announced that its Chief Executive Officer and Co Chief Investment Officer Mohamed El Erian will be leaving the world s largest bond fund manager in March though staying on with its parent company Allianz as an advisor El Erian a respected economic ...
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Technical Analysis C COPPER 2015 10 16
Copper rebounds as supply rebalancesCopper prices are rebounding on output cuts by major producers Declining capital expenditure plans for mining expansion also contribute to supply rebalancing Will copper prices continue recovering on the backdrop of slowing global economic growth Copper prices have been rising from...
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Silver Prices And The Management Of Perception
Silver prices and the management of perception economics that s basically what MOPE stands for I m not sure if it was that coined that acronym I think it was but that s where I heard it for the first time It s appropriate to have a subsection of propaganda for economics and finance so this management of percepti...
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UPDATE 2 British Land rights issue to raise 740 mln stg
Plans to offer 341 mln new shares at 225 p each Offer represents 53 pct discount to Feb 11 closing price Shares fall 3 4 pct by 0937 GMT Posts 31 pct fall in NAV in the quarter to Dec 31 Adds more details CEO quotes shares and analyst comment By Sinead Cruise LONDON Reuters UK property heavywe...
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UPDATE 3 U S woes plunge Dubai s Emaar into red in Q4
Posts 481 9 million loss mostly on U S writedowns Puts new projects in Dubai on hold Analysts had forecast 438 3 million profit adds share price Burj Dubai details By Jason Benham DUBAI Feb 12 Reuters Emaar Properties swung to a surprise fourth quarter loss due to heavy U S writedowns and put ...
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ANALYSIS U S housing bailout plan has virtues challenges
By Patrick Rucker and Al Yoon WASHINGTON NEW YORK Feb 13 Reuters A housing rescue plan being considered by the Obama administration could strike at the heart of the credit crisis but its scale complexity and the potential for controversy poses challenges for policymakers The plan is due to be announced by Pre...
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RPT ANALYSIS U S housing bailout plan has virtues challenges
By Patrick Rucker and Al Yoon WASHINGTON NEW YORK Feb 13 Reuters A housing rescue plan being considered by the Obama administration could strike at the heart of the credit crisis but its scale complexity and the potential for controversy poses challenges for policymakers The plan is due to be announced by Pre...
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WRAPUP 2 Central Europe currencies dip as EU summit disappoints
EU rejection of wider CEE bailout hits currencies Morgan Stanley cuts forecasts on CEE banks stocks fall Latvian PM designate says 2009 fight to avoid bankruptcy EU s Almunia says more CEE help may be needed Adds Almunia comments Latvia PM quotes By Jason Hovet PRAGUE March 2 Reuters Emerging...
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WRAPUP 3 Central Europe currencies dip as EU summit disappoints
EU rejection of wider CEE bailout hits currencies Romania says in preliminary talks with IMF on deal Morgan Stanley cuts forecasts on CEE banks stocks fall Latvian PM designate says 2009 fight to avoid bankruptcy EU s Almunia says more CEE help may be needed Changes prices adds Romania talks with I...
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POLL Japan Q4 revised GDP seen unchanged after capex survey
For more stories on the Japanese economy click By Mari Terawaki TOKYO March 5 Reuters Capital expenditure figures issued on Thursday showed Japan s economy likely shrank by its most since 1974 a Reuters poll found but a slide in inventories would limit the size of the plunge Revised figures next week will...
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Financial Sector Volker On Banks Wells Loans
According to former Federal Reserve Chairman Paul Volcker believes that commercial banks should be separated from investment banks in order to avoid another crisis like the U S is experiencing Maybe we ought to have a kind of two tier financial system Volcker who heads President Barack Obama s Economic Recover...
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UPDATE 3 Deflation grips China as economy struggles
Adds stocks paragraph 9 central banker paragraph 17 By Zhou Xin and Jason Subler BEIJING March 10 Reuters China fell into deflation at the consumer level last month for the first time in more than six years as ministers painted a gloomy picture of the economy s near term prospects The 1 6 percent drop in...
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Hong Kong Shenzhen stock link to start in days as China opens up markets more
Reuters A long awaited stock trading link between Hong Kong and Shenzhen will go live in coming days the CEO of Hong Kong s bourse said further opening up China s capital markets to global investors and giving them access to some of its fastest growing companies With more than 1 800 listed companies that have a ...
JPM
How Russia s battle for Eurobond went to the brink
By Lidia Kelly Katya Golubkova and Sujata Rao MOSCOW LONDON Reuters When Russia sought to raise money on Western debt markets this year with a Eurobond only three people at the state run investment bank organizing the issue were told in advance about the date and details of the launch The reason for the clandes...
JPM
Politics may trigger shift in European economic policy
By Noah Barkin BERLIN Reuters Slowly but surely the economic policy tide in Europe is turning and it may only be a matter of time before Germany is swept up By adding its voice this week to the long list of institutions pressing Germany to spend more the European Commission left Berlin looking more isolated an...
JPM
Ex JPMorgan executive who fled to Argentina pleads guilty in U S
By Nate Raymond NEW YORK Reuters A former JPMorgan Chase Co NYSE JPM executive who spent eight years on the run in Argentina pleaded guilty on Friday to U S charges that he embezzled 5 4 million from clients at the bank and at a prior employer UBS AG Hernan Arbizu who became involved in a tax evasion probe...
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U S stocks open lower despite jobless data Dow Jones down 0 11
Investing com U S stocks opened lower on Thursday despite upbeat U S jobless claims data as markets took a breather after the Federal Reserve s decision to begin tapering its stimulus program next month sent global equities higher on Wednesday During early U S trade the Dow Jones Industrial Average edged down ...
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U S futures point higher in thin trade Dow Jones up 0 30
Investing com U S stock futures pointed to a higher open on Monday as Friday s upbeat U S economic growth data continued to support market sentiment in holiday thinned trade Ahead of the open the Dow Jones Industrial Average futures pointed to a 0 30 gain S P 500 futures signaled a 0 41 increase while the N...
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U S stocks open higher eyes on UoM report Dow Jones up 0 43
Investing com U S stocks opened higher in subdued trade on Monday as investors eyed the release of U S consumer sentiment data later in the trading session after a tepid U S personal spending and personal income report During early U S trade the Dow Jones Industrial Average gained 0 43 the S P 500 index ad...
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European stocks rise in subdued trade Dax closed for New Year s Eve
Investing com European stocks opened higher in subdued holiday trade on Tuesday as equity markets remained supported before the year end despite recent European Central Bank comments The German Italian Scandinavian and Swiss markets were all closed on Tuesday while London Madrid and Paris opened for a half day...
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European stocks hold gains in shortened session Dax closed
Investing com European stocks remained higher in thin holiday trade on Tuesday as equity markets remained supported before the year end despite recent European Central Bank comments The German Italian Scandinavian and Swiss markets were all closed on Tuesday while London Madrid and Paris opened for a half day ...
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European stocks little changed after German data Dax up 0 01
Investing com European stocks were almost unchanged on Tuesday after positive German retail sales data as investors remained cautious ahead of the minutes of the Federal Reserve s latest policy meeting this week During European morning trade the EURO STOXX 50 eased up 0 02 France s CAC 40 fell 0 15 while Germa...
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European stocks push broadly higher after mixed data Dax up 0 60
Investing com European stocks pushed broadly higher on Tuesday after the release of mixed economic reports from the euro zone added to expectations for additional stimulus measures by the European Central Bank During European afternoon trade the EURO STOXX 50 advanced 0 86 France s CAC 40 gained 0 39 while Ger...
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iFOREX Daily Analysis October 16 2015
On Thursday the dollar turned broadly higher against the other major currencies bouncing off a two and a half month trough after U S Department of Labor said that the number of individuals filing for initial jobless benefits fell by 7 000 last week to 255 000 matching the lowest level in 42 years Analysts had expe...
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UPDATE 1 Canary Wharf to help fund London s Crossrail project
Adds details background shares LONDON Dec 24 Reuters Crossrail London s most ambitious transport project took another step forward on Wednesday as the owner of the Canary Wharf business complex agreed to part fund a station on the line Canary Wharf Group CWG said it would contribute 150 million pounds ...
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WRAPUP 2 U S housing factories services remain in slump
U S service sector contracts for 3rd consecutive month U S pending home sales hit lowest in at least 7 years U S factory orders suffer 4th straight monthly decline Adds Fed minutes updates with market close By Burton Frierson NEW YORK Jan 6 Reuters The slumping U S housing factory and service sec...
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ANALYSIS Mexico s factory pain may just be getting started
By Jason Lange MEXICO CITY Jan 9 Reuters A slump in Mexico s crucial manufacturing sector will likely worsen as the snowballing U S recession hammers demand for exports like cars televisions and refrigerators Factories across the country are cutting workers by the thousand because of falling orders and sour ...
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Stocks End Mixed Dollar Extends Its Gains
Federal Reserve chairman Ben Bernanke said Tuesday the fiscal stimulus being planned by Congress and the Obama administration may not be enough to revive the economy A continuing barrier to private investment in financial institutions is the large quantity of troubled hard to value assets that remain on institutions...
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DAVOS UPDATE 4 Confidence melts Trichet says system fragile
China rejects U S yuan criticism ahead of Wen speech Trichet says financial system too fragile at present Putin to speak after missiles olive branch Annual CEO survey shows confidence nosedives to new low By Mike Dolan and Jason Subler DAVOS Switzerland Jan 28 Reuters Confidence among the world s...
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EXCLUSIVE UPDATE 2 China s CIC eyes CITIC Capital stake sources
Adds quotes cooperation plan and background By George Chen and Samuel Shen HONG KONG SHANGHAI Feb 4 Reuters China Investment Corp CIC a 200 billion sovereign wealth fund is in talks to buy up to half of CITIC Capital Holdings Ltd an investment firm described by local media as China s Blackstone two s...
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UPDATE 5 ECB signals March rate cut markets bet on 50 bps
Adds detail market pricing By Krista Hughes and Marc Jones FRANKFURT Feb 5 Reuters The European Central Bank signalled on Thursday that it will probably cut interest rates again in March after a pause this month bolstering expectations that euro zone rates are headed for a record low of 1 5 percent ECB Pre...
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EARNINGS POLL H M Jan sales seen up 8 3 pct yr yr
H M Jan sales Due at 0700 GMT on Feb 16 Like for like sales seen 2 7 percent yr yr STOCKHOLM Feb 10 Reuters Swedish fashion giant Hennes Mauritz is expected to post an 8 3 percent year on year rise in total January sales the average of a Reuters poll showed on Tuesday Estimates in the poll of 12...
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European stocks open mixed German GDP disappoints DAX down 0 10
Investing com European stocks were mixed on Tuesday as market sentiment remained globally positive following the election of Donald Trump as president of the United States last week while disappointing German third quarter growth weighed During European morning trade the EURO STOXX 50 slid 0 32 France s CAC 40 ...
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Wall St mixed as bond yields retreat Dec hike bets strengthen
Investing com U S stocks were mixed early Tuesday as bond yield jump abates The DJI was down 0 20 at 10 15 ET while the S P 500 added 0 27 The tech heavy Nasdaq composite gained 0 90 The yield on the 30 year Treasury fell below 3 The two year yield above 1 Dec rate hike chances rise after strong retail sales...
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EU readying fines big bank fines
EU antitrust regulators are set to fine HSBC JPMorgan NYSE JPM and Credit Agricole OTCPK CRARY by the end of the year for rigging financial benchmarks linked to the euro Reuters reports Charges were levied in May 2014 against the three banks which denied wrongdoing Deutsche Bank DE DBKGn RBS LON RBS and ...
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Reuters JPMorgan to pay 200M to settle probe into China hiring practices
JPMorgan Chase NYSE JPM will pay more than 200M to settle allegations that it had hired children of Chinese decision makers to win business according to a Reuters report JPM reportedly would pay 130M to the SEC which had opened an investigation into the bank in 2013 over the hiring practices plus 70M to the ...
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JPMorgan to settle U S government probe of China hiring source
By Noeleen Walder Reuters JPMorgan Chase Co N JPM will pay more than 250 million to settle allegations by the U S government that it had hired children of Chinese decision makers to win business a source familiar with the matter told Reuters The bank will pay roughly 200 million combined to the Securities ...
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U S futures edge higher eyes on data Dow Jones up 0 11
Investing com U S stock futures pointed to a moderately higher open on Wednesday as markets eyed the release of U S economic reports later in the day amid ongoing expectations for the Federal Reserve to scale back its stimulus program in the near future Ahead of the open the Dow Jones Industrial Average future...
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European stocks turn lower despite service sector data Dax down 0 02
Investing com European stocks turned broadly lower on Wednesday despite positive euro zone service sector data as concerns the Federal Reserve will soon begin tapering its monthly asset purchases weighed During European afternoon trade the EURO STOXX 50 slipped 0 27 France s CAC 40 edged down 0 12 while Germa...
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U S stocks open lower on Fed taper speculation Dow Jones down 0 29
Investing com U S stocks opened lower on Wednesday as upbeat U S employment data strengthened expectations that the Federal Reserve will begin tapering its stimulus program in the coming months During early U S trade the Dow Jones Industrial Average slipped 0 29 the S P 500 index shed 0 35 while the Nasdaq...
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U S stocks open sharply higher after jobs data Dow Jones up 0 83
Investing com U S stocks opened sharply higher on Friday after the release of upbeat U S employment data although the report fuelled further expectations for the Federal Reserve to soon begin tapering its stimulus program During early U S trade the Dow Jones Industrial Average gained 0 83 the S P 500 index ...
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U S futures steady in cautious trade Dow Jones down 0 03
Investing com U S stock futures pointed to a steady open on Monday as investors remained cautious after Friday s strong U S jobs data fuelled further expectations that the Federal Reserve could soon begin tapering its stimulus program Ahead of the open the Dow Jones Industrial Average futures pointed to a 0 03 ...
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U S regulators set to vote on Volcker Rule
Investing com U S federal regulators are set to approve the so called Volcker rule to curb risky trading activity by banks later Tuesday as part of a far reaching overhaul of financial regulation in the wake of the 2008 financial crisis The Volcker rule named after Paul Volcker a former Federal Reserve Chairman a...
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U S futures steady ahead of Fed meeting Dow Jones up 0 02
Investing com U S stock futures pointed to a steady open on Tuesday as markets were jittery ahead of the Federal Reserve s highly anticipated last policy meeting of the year due to begin later in the day Ahead of the open the Dow Jones Industrial Average futures pointed to a 0 02 gain S P 500 futures signaled...
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U S futures steady after Fed rally Dow Jones down 0 02
Investing com U S stock futures pointed to a steady open on Thursday after the rally caused on Wednesday by the Federal Reserve s decision to slowly begin tapering its stimulus program next month Ahead of the open the Dow Jones Industrial Average futures pointed to a 0 02 dip S P 500 futures signaled a 0 06 s...
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International Week in Review Commodities Super Cycle Explained Edition
Despite recent financial turmoil no one has provided a concise explanation of the commodity super cycle one of the primary macro economic forces causing recent volatility That is until now In a September 21 speech Bank of Canada Governor Stephen Poloz offered the following explanation Because Canada has been en...
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All Eyes Still On The Auto Industry Bailout
Asian trade Global markets are back in the red on the same motive the auto bailout plan It looks like the world market s fate now lies on the approval of the bailout plan ignoring any other news U S markets closed yesterday lower affected by a sell off in the second part of the trading session while Asian marke...
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Market Lower On Failed Bailout Plan
Current Futures Dow 230 00 S P 30 50 NASDAQ 37 00 European Trade The equity markets were affected in the overnight session by the failed vote on the automakers bailout plan The Senate rejected the bill by 53 votes to 45 failing to reach the 60 vote margin required for the plan to pass The decision had immedia...