Latest World Markets News
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GLOBAL MARKETS-US dollar soars stocks set new highs on Fed QE exit talk
* Fed's Williams says stimulus reduction could start this summer * U.S. consumer sentiment rises to nearly six-year high * U.S. dollar index hits nearly three-year high * Dow, S&P 500 surge to record closing highs By Herbert Lash NEW YORK, May 17 (Reuters) - The U.S. dollar soared against major currencies on Friday on growing speculation that the Federal Reserve could soon begin to rein in ...
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US STOCKS SNAPSHOT-Dow SP end at records in Wall Sts 4th week of gains
NEW YORK | Fri May 17, 2013 4:10pm EDT NEW YORK May 17 (Reuters) - U.S. stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies. Both the Dow and the S&P 500 finished Friday's session at record highs. Based on the latest available data, the Dow ...
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TECO GreTai and HSBC to issue yuan-denominated Bao Dao Bonds
TAIPEI, Taiwan -- TECO Electric and Machinery (TECO,????) is set to issue Taiwan's second renminbi-denominated bond from corporate issuer GreTai (over the counter market, ????) next Monday with the help of HSBC ...
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Oil futures end higher after strong data
NEW YORK (MarketWatch) -- Oil futures ended higher on Friday, pushing above $96.00, amid stronger-than-expected economic data. The University of Michigan and Thomson Reuters consumer-sentiment index rose to a preliminary May reading of 83.7, beating expectations of a 77.5 reading. Separately, the leading economic index rose 0.6% in April compared to a fall in March. June ...
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Marketo jumps in 1st day trading on Nasdaq
NEW YORK -- Shares of Marketo, a provider of cloud-based marketing software, leaped in their trading debut on Friday.The stock rose $7.70, or 59.2 percent, to $20.70 in afternoon trading. The shares were priced at $13, at the high end of the expected range of $11 to $13 per share. The broader markets rose just under 1 percent.Marketo raised about $79.3 million in the offering. The initial ...
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Elizabeth Warren Slams ‘Dangerous’ Legislation That Would Weaken Wall Street Reform
overwhelmingly approved a rollback of certain financial reforms contained in the Dodd-Frank Wall Street Reform Act, one of the Senate’s biggest consumer advocates is pushing back. Massachusetts Sen. Elizabeth Warren (D) came out swinging against the repeal of new rules meant to regulate derivatives, the complex financial instruments that were at ';the center of the storm'; that ...
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Gold futures sink for seventh session in a row
-1.80% ended down $22.20 at $1,364.70 per ounce on Friday, the seventh consecutive session of losses, amid better-than-expected economic data and a stronger dollar. Futures were down $71.90 on the week. Consumer-sentiment data for May rose to its highest level in more than six years and leading economic indicators rose in April after posting a decline in ...
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Kocherlakota Dont tighten to prevent speculation
WASHINGTON (MarketWatch) -- The Federal Reserve should only act to prevent asset price bubbles if the benefit from doing so is greater than the cost in terms of employment and prices, Minneapolis Fed President Narayana Kocherlakota said Friday. His comments come as greater attention is being paid to the impact of loose monetary policy on the build-up of risky assets. "Currently, the gains ...
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U.S. to reach debt limit Saturday Lew
WASHINGTON (MarketWatch) -- The U.S. will reach its debt limit on Saturday, Treasury Secretary Jacob Lew told congressional leaders in a letter on Friday, but said the U.S. is taking extraordinary measures to keep paying bills. Lew said those measures, including previously announced suspension of sales of state and local Treasury securities, won't be exhausted until "after Labor ...
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House OKs bill to require more study of SEC rules
WASHINGTON (MarketWatch) - The Republican-controlled House on Friday afternoon approved legislation requiring the nation's Wall Street watchdog to conduct further economic analysis on their rules, a measure strongly opposed by the Obama administration. The bill, which was approved by a vote of 235 to 161, would require the Securities and Exchange Commission to take extra steps to evaluate ...
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Icahns nominee wins board seat at Transocean
-1.69% shareholders ousted board chairman Michael Talbert, and elected Samuel Merksamer, a Carl Icahn board nominee. Talbert earlier this week said he would step down even if reelected. Shareholders at the oil driller's Zug, Switzerland annual meeting rejected Icahn's $4 annual dividend proposal, supporting Transocean's $2.24. They also reelected four of the company's five ...
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Wall Street rally growth stocks in command
Growth sectors led Wall Street's advance as encouraging economic data put major US stock indexes on track to close their fourth straight week of ...
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Leading Economic Indicators Recovered in April
A monthly projection of the US economy's direction rose in April after an unexpected decline in March, according to data issued Friday. The Conference Board, a New York-based research group, said its index of leading economic indicators, which guages the outlook for the next three to six months, rose 0.6 per cent in April to 95, based on a 2004 setting at 100. The 0.6-per-cent ...
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MarketWatch First Take The endangered Wall Street bonus system
SAN FRANCISCO (MarketWatch) -- The pay crunchers over at Johnson & Associates are out with their latest forecast for year-end bonuses on Wall ...
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Landmark DOE decision OKs second LNG export permit
SAN FRANCISCO (MarketWatch) -- The Energy Department on Friday said it approved Freeport LNG Expansion LP and FLNG Liquefaction LCC to export domestic liquefied natural gas to countries without a free trade agreement with the U.S. A host of companies have permission to export LNG to countries with FTAs, but Freeport joins Cheniere Energy Inc.'s Sabine Pass project as being able to do so to ...
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Marketo shares climb 55 in IPO debut
+55.38% shares surged by $7.21, or more than 55%, to $20.21 as the enterprise software company held its initial public offering Friday. Marketo priced 6.1 million shares at $13 each, which was at the high end of its expected price range of $11 to $13 a share. Marketo was one of two tech companies going public on Friday, along with Tableau Software ...
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Bloomberg taps ex-IBM CEO to review data policies
+1.25% Chairman and Chief Executive Samuel J. Palmisano to review the company's practices and policies on use of client data. The move comes as the financial news and information company attempts to extricate itself from a controversy surrounding complaints by Goldman Sachs and J.P. Morgan that Bloomberg ...
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Stocks edge higher in midday on Wall Street
NEW YORK -- Encouraging news about the U.S. economy is helping push stock prices higher on Wall Street.A gauge of future economic activity rose more than analysts had expected, as did a measure of consumer confidence, adding to evidence that the economy is steadily recovering.The Dow Jones industrial average was up 63 points at 15,296 at noon Eastern Daylight Time Friday, an increase of 0.4 ...
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Federal Reserve rising inequality jeopardizes economic recovery
USA A top ranking member of the United States Federal Reserve cautioned economists this week that growing inequality within the US was worsening the odds of a quick return to the conditions of the pre-recession days. Fed Board of Governors member Sarah Bloom Raskin was in Washington, DC on Thursday, and during an address before the Society of Government Economists and the National Economists ...
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Financial Times hit by hackers
Associated Press Twitter account and issued a false tweet claiming that two explosions had hit the White House, injuring President Obama. That tweet led to a ...
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Thieves lift jewels as The Bling Ring plays
NEW: The thieves removed the safe containing the jewels from a hotel room, police say The stolen jewelry was worth more than $1 million, police say The Cannes Film Festival brings together the rich and famous from around the world The stolen jewels were from the Swiss firm Chopard, an official sponsor of the ...
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Stocks headed for fourth week of gains
stocks took a step back Thursday amid a raft of mixed economic reports and as some Fed officials called for an end to monetary stimulus this year. "The market is very sensitive to comments about the Fed pulling back," said Quincy Krosby. But Friday's economic reports "helped assuage fears that the economy and consumer were going deeper into a soft patch." ...
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Tableau Software climbs 58 in IPO
+55.19% shares surged 58%, to $48.99, Friday as the business-analytics software company made is public debut. Before the market opened, Tableau priced 8.2 million shares at $31 each. The original price range for the stock was between $28 and $30 a ...
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J.P. Morgan urges shareholders to back Dimon
+1.90% sent a letter to shareholders urging them ahead of the annual meeting next week to vote against a proposal to split the chairman and CEO roles, according to media reports on Friday. Shareholders received a letter from the bank supporting Chief Executive Jamie Dimon's dual roles and several board of directors. Advisory firms have pushed for splitting the positions while criticizing ...
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Wall Street rally just keeps ticking lifted by data
Whose story is your appraisal measuring. If results are bad, then problem is not just with employees. Appraisal reveals how good or bad the organization ...
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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