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News & Updates
April 3, 2014 At last, China announces (mini) stimulusSource: MarketWatch
After much market chatter, China has answered calls for some economic stimulus, though the plans announced so far are small-bore measures, and have already been dubbed the “mini stimulus” by economists and the press alike.
Credit Suisse Group (CSGN) AG, Switzerland’s second-biggest bank, said losses in the fourth quarter were larger than previously reported after it booked more charges for a probe into tax evasion by U.S. clients.
Source: The Week
Since 1987's Black Monday, markets have become increasingly computerized. Change was gradual at first, but in the last decade it has become rapid. Today, computerized markets trade faster than ever before — faster, literally,...
Reuters - The îSTOXXî Europe 600 Auto & Parts index rose 0.8 percent to outperform all other sectors after data showed automakers reported a 5.7 percent annual rise in U.S. sales in March, which can help them make...
April 2, 2014 Costs of climate change steep but tough to tally
Worcester Telegram & Gazette - YOKOHAMA, Japan â The economic and financial impact of global warming is ... 0.2 percent and 2 percent of income if temperatures rise by 2 degrees from recent levels. Below are some of the...
Frankfurt prosecutors charged two U.K. citizens in a tax-evasion probe that also ensnared two of the highest-ranking officials at Deutsche Bank AG. (DBK) The British pair, aged 36 and 39, were accused of being part of a gang...
April 2, 2014 Stocks: Pushing cautiously onto new ground
CNN Money - Markets look ready to grind higher Wednesday, as investors make a cautious push into uncharted territory. U.S. stock futures were edging up, and global markets posted gains, after the S&P 500 closed at an all-time...
The chief executive of Japan's Mt. Gox, once the world's leading bitcoin exchange, was ordered to the United States to answer questions related to its U.S. bankruptcy case, filed after the company lost $400 million of customers'...
Source: The Wire
"The United States stock market, the most iconic market in global capitalism, is rigged." So says author Michael Lewis in his new book about Wall Street (and in the most quotable part of his recent 60 Minutes segment.) But...
The World Bank - World Bank Group President Jim Yong Kim announces a series of measures aimed at strengthening the World Bank Group's mission to end extreme poverty -- including a $100 billion increase in the lending capacity to...
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