Market News




Market News

Italy plans to meet EU budget requirements
Fri, 20 Sep 2013 11:37:04 GMT
 
Pier Paolo Baretta, Italy's Finance Ministry Undersecretary said on Friday that his country must do everything to meet EU budget requirements this year, leaving budget deficit under 3% of GDP. >>
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German finance minister is likely to retain office after elections
Fri, 20 Sep 2013 11:26:03 GMT
 
Politics experts predict that the current German finance minister Wolfgang Schaeuble is very likely to remain at his office, even if Angela will not preserve its coalition with Free Democrats, >>
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Lithuania wants euro decision to be made faster
Fri, 20 Sep 2013 11:15:03 GMT
 
Lithuania, the possible nineteenth member of the Eurozone, will ask the EU officials to approve its joining the monetary union earlier than usually. The reason for such a request lays >>
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JPMorgan will pay for providing incorrect information
Thu, 19 Sep 2013 18:30:04 GMT
 
One of the biggest U.S. banks, JPMorgan Chase & Co, will have to pay a $920 million fine for providing incorrect financial information to U.S. and international regulators, as well >>
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Roche will buy BioMarin without raising extra money
Thu, 19 Sep 2013 18:19:04 GMT
 
Roche Holding AG, a Swiss based health care company, plans to acquire a California-based BioMarin Pharmaceutical Inc., a company, which produces and develops drugs for treating rare diseases and cancer. >>
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Investors are worried about ECB stress tests
Thu, 19 Sep 2013 15:21:05 GMT
 
The next year the ECB will start a new portion of stress tests at Eurozone's banks, introducing a new system of determining the health level of banks. This time the >>
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Philly Fed manufacturing index surges
Thu, 19 Sep 2013 15:10:05 GMT
 
Business outlook from the Federal Reserve Bank of Philadelphia showed a significant jump in U.S. manufacturing activity, while the corresponding index surged to its highest value since March 2011, reaching >>
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Fed will keep stimulus at current level
Thu, 19 Sep 2013 14:59:03 GMT
 
After its meeting yesterday, Fed's FOMC decided to keep stimulus amount at the current level of $85 billion per month. Almost nobody expected such a decision from the Central Bank. >>
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Czech government will probably spend more
Thu, 19 Sep 2013 14:26:03 GMT
 
Possible social-democratic government of the Czech Republic is planning to end austerity policy that began with current government, as Social Democrats are likely to win elections in October. Austerity measures >>
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Asian equities gain most in a year as Fed retains monetary stimulus
Thu, 19 Sep 2013 13:50:05 GMT
 
Asian stocks advanced as the Fed surprisingly decided to maintain its level of monthly bond purchases, with the benchmark regional index rising to a one year high. The MSCI Asia >>
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Europe stocks soar to five-year peak as Fed refrains from taper
Thu, 19 Sep 2013 13:39:04 GMT
 
European equities advanced to the highest level in over a five years as the Fed decided to keep its monetary policy intact. U.S. Index futures and Asian stocks soared. The >>
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Pound depreciates on unexpected drop in retail sales
Thu, 19 Sep 2013 13:27:03 GMT
 
The Sterling dropped the most in a month against the greenback after a report indicated U.K. retail sales dropped unexpectedly in August. The Pound weakened 0.5% to $1.6068 as of >>
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Stocks advance to five-year high as metals rocket on Fed
Thu, 19 Sep 2013 11:00:04 GMT
 
Global stocks advanced to a five-year peak and metals skyrocketed on the Fed's unexpected refrain from tapering. Corporate creditworthiness soared to a two-year best level. The MSCI All-Country World Index >>
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Microsoft increases dividend to $0.28
Wed, 18 Sep 2013 15:51:03 GMT
 
Microsoft Corp., one of the leading software developers in the world, announced on Wednesday a 22% surge in dividend for the second quarter of 2013. Thus, Microsoft will pay its >>
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One in seven Americans lives in poverty
Wed, 18 Sep 2013 15:35:03 GMT
 
Inequality in the United States continues to expand, even though the economic crisis has passed its bottom point. According to the Census Bureau data, nowadays 15% of all Americans still >>
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