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News & Updates
February 23, 2015 U.S. Banks Hoard $2 Trillion of Ultra-Safe Bonds
Growth is on a tear, hiring is the strongest in decades and households are the most upbeat since 2011. Yet banks such as Bank of America Corp. keep plowing their burgeoning deposits into U.S. government and related debt --...
Big News Network - 5 February 2015 - Global food prices have continued to plummet, aided by a weak euro and the low cost of crude oil, the United Nations Food and Agriculture Organization (FAO) reported today in its monthly Food...
February 23, 2015 Procter & Gamble (P&G) to sell off Duracell batteries among other 100 targeted brandsSource: Times Gazette
Procter & Gamble has announced its plans on Thursday to sell off about 100 brands of its products in a massive divestiture deal, among them Duracell batteries – and these sales will have gone through by summer.
February 20, 2015 Judge denies BP’s attempt to lower maximum $13.7 billion Gulf spill fineSource: Market Business News
BP Plc’s attempt to lower the maximum civil fine it faces from its catastrophic Gulf of Mexico oil spill in 2010 was rejected by a U.S. judge on Thursday.
February 20, 2015 The UK must fight for better World Bank environment policySource: The Guardian
Destroying eco-systems, devastating forests, threatening vulnerable species, hurting the poor, increasing inequality, facilitating corruption, warming the planet, promoting “unfair trade” and encouraging human rights abuses, the...
February 20, 2015 Dollar Rising After Weekly Jobless Claims DroppedSource: RTT News
The dollar is slightly higher against all of its major competitors Thursday. The larger than expected drop in weekly jobless claims has overshadowed disappointing Philly Fed and leading economic index reports. The uncertainty...
February 20, 2015 European stocks hover at 7-year high
Market Watch - The îStoxxî Europe 600 SXXP, +0.07% was off less than 1 point at 380.84, having hit its highest close since late 2007 on Thursday. The gains came despite the latest twist in the Greek saga, as Germany...
February 20, 2015 Euro Region Economy Strengthens Amid Wrangling Over GreeceSource: Bloomberg Business
Euro-area manufacturing and services strengthened this month, indicating the region’s economy is building momentum even as concerns mount about a possible Greek exit from the common currency.
February 20, 2015 Norway oil fund reveals divestments and resolution rejections
Opalesque Hedge Fund News - Norwayâs $860bn oil fund laid out its growing clout as a îresponsible investorî as it revealed that it had divested itself from more than 100 companies in the past three years and...
February 20, 2015 Market Wrap: Dow, S&P 500 Slip on Energy, Walmart; Tech Up (Thurs.)Source: Daily Finance
NEW YORK -- The Dow and S&P 500 eased Thursday following declines in energy shares and a disappointing outlook from Walmart, while the Nasdaq hit another 15-year high as Priceline shares jumped.
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