Browsing Category News
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Stock markets slip as Greece bailout decision looms
European stocks decreased in early trading Wednesday as markets await Troika’s evaluation on Greece’s progress in reducing its debt levels. The ECB, EU and IMF, collectively kn... -
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Markets open higher on bleak Greek hopes
Stocks across the board rose in early trading Tuesday as markets remained hopeful that discussions between German chancellor Angela Merkel and Greek prime minister George Papandreo... -
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Markets cautious ahead of Fed meeting
European stocks remain fairly steady while Asian markets traded higher on Wednesday ahead of a Federal Reserve policy meeting. Europe recuperated the ground it lost on Tuesday fo... -
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Markets volatile amid Italian downgrade
The euro decreased sharply on Tuesday against the dollar to $1.3599 following Italy’s debt rating cut by Standard & Poor’s late on Monday. S&P cut Italy’s credit ra... -
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Credit Suisse in tax deal with German prosecutors
Credit Suisse said on Monday it has agreed an out of court settlement of €150m with the Public Prosecutor’s Office in Germany to end an investigation into its employees concern... -
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RIM profits collapse; India controls inflation
Canadian BlackBerry maker, Research in Motion, saw its share plummet almost 20 percent Friday after it announced it had missed its earnings target for the third consecutive quarter... -
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Moody’s cuts SocGen and Credit Agricole
France’s second and third largest banks by assets – Credit Agricole and Société Générale – on Wednesday saw their credit ratings downgraded one notch by Moody’s Investo... -
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BNP Paribas drags European shares down
Shares in BNP Paribas on Tuesday plummeted nine percent to €23.63 after a drop of 12 percent in an earlier session. The decrease followed allegations that the lender could be fac... -
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UK banks hit with reforms
The Independent Commission on Banking published its final report on Monday proposing that Britain’s banks need to “ring-fence” by disconnecting their retail operations from t... -
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Obama to speak out; Republicans rage
Markets remained stable on Thursday as investors await President Obama’s speech on job proposals detailing plans of boosting employment before a joint session of Congress. Presid...
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