JP Morgan Chase announces unexpected dividend increase

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Source: Bloomberg
JP Morgan Chase & Co the largest US lender unexpectedly announced it received a permission for a 20% dividend raise. The dividend will be increased from USD 0.25 to USD 0.30 a share. Bank's disclosure forced its competitors including Wells Fargo & Co and PNC Financial Services to post their dividend proposals. JP Morgan rallied 7% on the announcement, supporting leading stock indices.  
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Wed, 14 Mar 2012 09:07:22 GMT

Australia's consumer confidence declined in March

Australia's consumer confidence dropped to a 3-month record low in March as country's biggest lenders increased mortgage rates despite central bank's decision to keep benchmark interest unchanged. The consumer sentiment index fell 5% to 96.1 in March, marking the lowest reading since December 2011, said Melbourne Institute on Wednesday.  

Wed, 14 Mar 2012 08:23:09 GMT

Gold declines in electronic trading

Gold April futures dropped 1% or USD 16.50 to USD 1,677.90 per ounce during Asian session on the Comex division of the New York Mercantile Exchange. Precious metal prolonged losses from Tuesday as traders turned their attention to higher yielding assets and invested in stocks. May silver slipped 0.5% or USD 0.17 to USD 33.41 per ounce while copper for May

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