Market News
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Updated: 18 min 25 sec ago
Wall Street awaits US jobs report
Sat, 28/08/2010 - 17:00
NEW YORK (AFP) - Wall Street may be in for another rocky week, as traders brace for negative data topped by an expected rise in the US unemployment rate that could dampen economic recovery prospects.
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Asset buying an emergency tool only - Bank's Bean
Sat, 28/08/2010 - 15:11
JACKSON HOLE, Wyoming (Reuters) - A top Bank of England policy-maker said on Saturday securities buying is an effective central bank instrument for easing financial conditions in a crisis but short-term interest rates should be the tool of choice in normal times.
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Japan's Noda says ready to use all measures on yen
Sat, 28/08/2010 - 07:38
BEIJING (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday he was ready to employ "all possible measures" to tackle the rise of the yen, which was having a "big impact" on the country's economy.
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BOJ mulls emergency meeting early next week - source
Fri, 27/08/2010 - 21:21
TOKYO (Reuters) - The Bank of Japan is examining holding an emergency meeting early next week to ease monetary policy as the strong yen threatens the country's fragile economic recovery, a source familiar with the matter said.
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What ammunition does the Fed have left?
Fri, 27/08/2010 - 19:55
JACKSON HOLE, Wyoming (Reuters) - Federal Reserve Chairman Ben Bernanke told his global central bank colleagues on Friday that the U.S. central bank still has ample means to counter slowing growth and will use it if necessary.
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ECB's Weber says Europe on brink of recovery
Fri, 27/08/2010 - 17:19
FRANKFURT (Reuters) - Europe is on the brink of a self-sustaining recovery, European Central Bank Governing Council member Axel Weber said on Friday.
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U.S. economy slow, to recover in 2011 - Fed's Bullard
Fri, 27/08/2010 - 14:51
NEW YORK (Reuters) - The U.S. economy hit a soft patch in the second quarter but is not likely to fall back into recession and will pick up speed in the first half of 2011, St.
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European stocks drop ahead of US data
Fri, 27/08/2010 - 12:05
LONDON (AFP) - Europe's main stock markets fell on Friday as investors digested robust British growth data and awaited output figures from the United States amid fears of a double-dip recession.
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GOME founder clan ups stake before shareholders meet: report
Fri, 27/08/2010 - 06:37
SHANGHAI (AFP) - The family of the jailed founder of Chinese appliance giant GOME has raised its stake in the company ahead of a shareholder meeting on his bid to oust the firm's chairman, a report said Friday.
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Asian shares sluggish on US nervousness, Japan woes
Fri, 27/08/2010 - 04:36
TOKYO (AFP) - Asian stock markets were sluggish on Friday following a lacklustre session on Wall Street and mixed economic data from Japan.
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China shipbuilder to be first mainland firm listed in Taiwan
Thu, 26/08/2010 - 21:40
TAIPEI (AFP) - China's Yangzijiang Shipbuilding plans to sell shares in Taiwan next month, making it the first mainland firm to be traded on the island's bourse, the chief underwriter said Thursday.
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Germany shines again amid mixed euro zone data
Thu, 26/08/2010 - 14:49
ROME (Reuters) - Germany's economy continues to set the pace in the euro zone and bank lending in the bloc shows signs of reviving too, data showed on Thursday, but Spain and Italy face a harder road to recovery.
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Analysis - Curves to flatten further as long yields fall
Thu, 26/08/2010 - 13:21
LONDON (Reuters) - A fall in euro zone long-dated rates, which has seen curves flatten sharply, has further to run as investors are forced to lock in longer-maturity returns in the face of a deteriorating global economic outlook.
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European stocks recover on strong data, earnings
Thu, 26/08/2010 - 11:59
LONDON (AFP) - Europe's main stock markets rebounded on Thursday following a run of losses as traders digested positive economic data and earnings, and after equities recovered in Asia and on Wall Street.
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Savills cautious on 12-month outlook
Thu, 26/08/2010 - 10:40
LONDON (Reuters) - Global property adviser Savills maintained a cautious second-half outlook and raised the spectre of a flat performance in the first six months of 2011 after posting much-improved interim results on Thursday.
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Savills cautious on H2 after improved H1 results
Thu, 26/08/2010 - 07:36
LONDON (Reuters) - Global property adviser Savills maintained a cautious outlook for the second half on Thursday and foreshadowed a flattening of the economic rebound in many countries as it posted improved first-half results.
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Stocks rise on bargain hunting
Wed, 25/08/2010 - 22:40
NEW YORK (Reuters) - Stocks staged a comeback on bargain hunting after suffering steep early losses on disappointing economic data on Wednesday, while the yen pulled back from a 15-year high on mounting speculation Japanese authorities may intervene to stem the currency's rise.
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Global stocks fall for 5th day
Wed, 25/08/2010 - 21:01
NEW YORK (Reuters) - World stocks fell for a fifth straight day on Wednesday as a new batch of disappointing U.S. economic data fed growing worries of a double-dip recession, while the yen eased from a 15-year high on speculation that Japan may intervene to stem the currency's rise.
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Global outlook casts shadow over Fed retreat
Wed, 25/08/2010 - 19:24
WASHINGTON (Reuters) - Central bankers from around the world will assess a darkening economic outlook at their annual U.S. mountain retreat this week with discussion of printing yet more money to spur growth on the agenda.
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U.S. new home sales tumble to record low in July
Wed, 25/08/2010 - 15:21
WASHINGTON (Reuters) - New U.S. single-family home sales unexpectedly fell in July to set their slowest pace on record while prices were the lowest in more than 6-1/2 years, government data showed on Wednesday.
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