Latest World Markets News
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Stocks Investors hold their breath for Bernanke
Federal Reserve chairman Ben Bernanke takes center stage Wednesday at a highly anticipated press conference at which he is expected to discuss when the central bank could begin tapering the pace of ...
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Acer expects flat tablet notebook shipments
Acer, the world's number four PC vendor, said yesterday that it expects notebook and tablet PC shipments to be flat in the second quarter from the first quarter, versus a prediction of 0-5% growth made in April. Acer chairman JT Wang made the comment to reporters at the firm's annual shareholder ...
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Creative Cloud boosts Adobe
Adobe Systems, which makes the Photoshop and Acrobat software, reported a higher-than-expected adjusted quarterly profit as demand rose for Creative Cloud, the subscription-based version of its flagship software package. Shares of the company rose 4.4% in after-market trading. They closed at $43.36 on the Nasdaq on Tuesday. Adobe has been shifting to Web-based subscription service Creative ...
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Huawei denies Nokia buyout
Chinese network equipment and cellphone maker Huawei Technologies said it "has no plans to acquire Nokia", responding to a Financial Times (FT) report that it would consider buying the Finish phone maker. The denial came from Huawei's VP for external affairs, Bill ...
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Kodak preps $406m offering
Eastman Kodak will seek court approval for a $406 million rights offering that could give creditors a big equity stake in the company after it emerges from Chapter 11 bankruptcy protection. Kodak said creditors agreed to backstop an offering that would let the New York-based company issue 34million common shares at $11.94 each, equal to about 85% of the equity of a reorganised ...
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One million advertisers use Facebook
Facebook said on Tuesday it now has one million active advertisers globally who used the platform in the last 28 days, a milestone for the company that is seeking to revive its revenue growth. A vast majority of those advertisers are small business owners who have flocked to the world's number one social network. Facebook executives are hoping to net even more small advertisers since 16 ...
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10 Chinese dream jobs
Research firm Universum surveys university students in China each year to see where they most want to work. These are the top 10 dream employers for humanities, liberal arts and education ...
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HM profit falls more than expected
+1.02% on Wednesday reported a bigger-than-expected fall in profit, but noted a strong start for sales in June and also announced plans to expand its online marketplace. Second-quarter net profit fell to 4.66 billion Swedish kronor ($723.14 million) from SEK5.22 billion a year earlier. A survey of analysts polled by Dow Jones Newswires had forecast a net profit of SEK4.88 billion. Sales ...
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European stocks wobble as Fed statement near
LONDON (MarketWatch) -- European stock markets showed mixed moves at the open on Wednesday, with what is likely to be a volatile day ahead as investors wait for the much anticipated monetary-policy decision from the U.S. Federal Reserve. A statement from the Fed meeting is expected after the European markets close, followed by a press conference by Chairman Ben Bernanke. The Stoxx Europe 600 ...
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Currencies with Bert Antonik
Having recently taught classes in Hong King, Singapore and Jakarta, Bert shares some of his thoughts on the current market action. Bert and Merlin take a look at several currency pairs including the Euro, Yen, and Aussie dollar. All of these currencies are approaching very interesting supply and demand zones. Watch Bert and Merlin map them out and give you some potential trading ideas! Click on ...
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Chrysler to recall 1.56 million older Jeeps
LOS ANGELES (MarketWatch) -- Chrysler Group LLC has agreed to recall some of the older Jeep models, as regulators had previously called for, reports said Tuesday. The recall covers some 1.56 million Jeeps which could pose a risk to the fuel tanks in the event of a crash. Chrysler had previous fought over the recall with regulators, who wanted as many as 2.7 million vehicles covered in the ...
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Commodity Currencies are stronger ahead of RBA rate decision tomorrow
USD - In the US, all eyes will be on Wednesday's post-interest rate announcement press-conference by Federal Reserve Chairman, Ben Bernanke. While the Fed is expected to keep policy unchanged this month, investors will be looking for any hint that the Fed may be considering tapering its QE program in the near-term, on the back of an improving economic outlook for the US. Although long ...
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Obama to call for U.S.-Russia nuclear arms cuts
Barack Obama 's foreign-policy speech in Berlin Wednesday will call for additional U.S.-Russia nuclear-arms cuts, administration officials said. He is expected to say Washington and Moscow can shrink their nuclear arsenals by up to one-third beyond cuts mandated under the 2010 New Start, or Strategic Arms Reduction Treaty, without hurting deterrence or capabilities, the officials told The ...
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BRIEF-ING offers to buy back government guaranteed bonds
AMSTERDAM, June 19 | Wed Jun 19, 2013 2:32am EDT AMSTERDAM, June 19 (Reuters) - ING Groep NV : * Ing group : ing announces cash tender offers for government guaranteed notes * Ing - asks to tender any and all of the outstanding notes with a total principal amount outstanding of EUR 4.0 billion * Ing - also has tender offer for certain of ing bank's US ...
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Investors show interest in bonds
South African government bonds that protect against inflation are regaining investor favour, after demand came up short at a sale last month, as the rand – close to a four-year low – threatens to speed up consumer price ...
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GLOBAL MARKETS-Asian markets tense before Fed Nikkei outperforms
Wed Jun 19, 2013 2:16am EDT * Asian stocks softer as Fed outcome awaited * Markets hope for clarity on any pullback in Fed stimulus * Nikkei outperforms as softer yen boosts exporters * Major currencies, commodities mostly steady By Ian Chua SYDNEY, June 19 (Reuters) - Japanese stocks rose on Wednesday, thanks to a positive lead from Wall Street and a softer yen, outperforming the rest of Asia ...
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Currencies Dollar slips vs. yen with Fed outlook in sight
LOS ANGELES (MarketWatch) -- The U.S. dollar slipped against the Japanese yen and the euro Wednesday, ahead of highly anticipated guidance from the U.S. Federal Reserve on what it plans to do with its bond-buying ...
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US intelligence director defends surveillance program says plot against Wall Street thwarted
WASHINGTON - The U.S. foiled a plot to bomb the New York Stock Exchange because of the sweeping surveillance programs at the heart of a debate over national security and personal privacy, officials said Tuesday at a rare open hearing on intelligence led by lawmakers sympathetic to the spying. The House Intelligence Committee hearing provided a venue for officials to defend the once-secret ...
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Indias PFC raised 43 bln rupees via dual-tranche bonds
MUMBAI, June 19 | Wed Jun 19, 2013 1:42am EDT MUMBAI, June 19 (Reuters) - India's Power Finance Corp Ltd raised about 43 billion rupees ($731.73 million) through its dual-tranche bond sale, said three sources with direct knowledge of the deal. The firm raised about 12.50 billion rupees in 2-year debt at 8.29 percent and about 30.50 billion rupees in 3-year bonds at 8.27 percent, ...
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A guide to the Federal Reserves events Wednesday
In this Wednesday, May 22, 2013 photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington. The Federal Reserve ends a policy meeting Wednesday, June 19, 2013. Investors have been nervously speculating that the Fed will soon scale back its economic stimulus and send interest rates up and stock prices down. (AP Photo/Manuel Balce ...
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The European currencies and yen are consolidating
The appetite for risk is limited by the Fed meeting ending later on Wednesday. The equity markets have been in a seesaw recently while trying to gauge the Fed's pace of tempering its quantitative easing. The European currencies and yen are consolidating, and the commodity currencies are trading lower, essentially preserving Tuesday's pattern. The Asian stock markets are rising in line ...
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Rhode Island on track to make payment on 38 Studios bonds
Reuters © Former MLB player Curt Schilling talks with a reporter at the Electronic Entertainment Expo, or E3, in Los Angeles, California June 9, 2011. REUTERS/David ...
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Wall Street opens higher boosted by New York manufacturing data
U.S. stocks opened broadly higher Monday, as investors awaited Wednesdays Fed policy meeting, with increasing confidence that the Fed wont start tapering in super-easy ...
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Wall Street close in green ahead of the Feds meeting tomorrow
U.S. stocks closed higher Tuesday after U.S. housing starts and consumer inflation rose below estimates last month as investors await the end of the Federal Open Market Committee meeting ...
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EU shares rose ahead of the Federal Reserve decision
The European Union saw its market opening and closing the day in green to actually rebound from their longest streak of weekly losses in 14 months as investors awaited this week’s Federal Reserve meeting for signs on the pace of stimulus ...
Kyrgyzstan Featured
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Kyrgyzstan must stick to long-term development plans
While news of the political unrest and government change in early 2010 dominates the world headlines, Kyrgyzstan faces an uncertain future as long-term plans for infrastructure development are thrown into disarray and uncertainty.
Kyrgyzstan is one of the poorest countries in Central Asia and stands to benefit greatly from long-term development plans initiated under the auspices of the Central Asian Regional Economic Cooperation (CAREC) Program, if the interim government can move on from the current political crisis and stabilize the country’s economy and political future. Read more
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