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Source: NY Times
A few miles off the coast of Block Island, part of Rhode Island, a small flotilla has been gathering: crane vessels, tugboats and barges that began this week installing the 1,500-ton foundations of the nation’s first...
The current downturn could even rival the iconic price crash of 1986, analysts had warned—but definitely no worse. This week, a revision: It could be much worse.
Negotiators from the European Central Bank, the European Commission and the eurozone’s bailout fund are set to return to Athens over the next couple of days for a first meeting with Greek officials, according to a Greek finance...
July 23, 2015 The story of Apple right now is the iPhone in ChinaSource: Quartz
Apple’s biggest growth drivers last quarter were familiar ones. Its iPhone business—long the company’s focus—grew by more than half, to $31 billion, on 47.5 million shipments. And its Greater China region sales continued their...
July 23, 2015 Oil prices dips below $50 on ample supply, strong dollarSource: Today Online
NEW YORK - Oil futures fell on Monday and U.S. crude slipped below $50 a barrel intraday as ample supply, the prospect of more Iranian crude for export and a strengthening dollar combined to pressure prices.
July 23, 2015 Tsipras secures backing of Greek MPs for crucial reformsSource: FT.com
The Greek parliament backed a second round of reforms demanded by creditors early on Thursday but the vote revealed a deepening rift in the radical leftwing Syriza party of Alexis Tsipras, the prime minister.
U.S. home resales rose in June to their highest level in nearly 8-1/2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the Federal Reserve on track to raise interest rates later this...
Step aside, Verizon and AOL. If AT&T succeeds in its $49 billion dollar bid to acquire DirecTV, the match will be the year’s biggest media deal—an order of magnitude larger than the $4.4 billion Verizon agreed to shell out for...
July 22, 2015 Dollar steadies after one-day slide worries bullsSource: Reuters
The dollar lost more ground on Wednesday after profit-taking drove its biggest decline in a month in the previous session, casting more doubt on whether it can rally further after a year of gains
July 22, 2015 Goldman Bets on European Stocks, Veers Away from U.S.
Fox Business - The îSTOXXî Europe 600 has rallied nearly nine percent in the last two weeks, as an impasse between Greece and its creditors was broken and they agreed a cash-for-reform deal. "European equities have...
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