Search Results for: stock market

Cash-strapped Saudi Arabia looking to issue $15 billion in bonds

Saudi Arabia bond sale

Last week the bond market was stunned by the unprecedented demand for sovereign paper issued by the middle-eastern nation of Qatar, which announced it would issue $9 billion in Eurobonds (in three maturities), more than double what had been originally expected by the market, and well below the total demand …

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How your bank account could disappear

empty bank account

On the same morning we hear that ¼ of Wall Street executives think that fraud is a necessary part of “doing business” in the financial sector, we hear of a second “MF Global”. The U.S.’s so-called regulators are now reporting that somewhere around $220 million in customer funds is “missing” at a financial institution known as …

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Americans warned bank ‘bail-ins’ coming

Experts say institutions will grab deposits without warning With the United States facing a $17 trillion debt and an acidic debate in Washington over raising that debt limit on top of a potential government shutdown, Congress could mimic recent European action to let banks initiate a “bail-in” to blunt future …

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Bitcoin Takes a Major Hit: Alternatives to Invest In for 2017

Bitcoin crash chart major hit

In the past few weeks, the most popular cryptocurrency Bitcoin has been breaking records. This rally has been followed by millions of investors around the world. On May 24th, Bitcoin hit a record high of $2.791.69.  But this rally was over with just a few days later.  On the 29th, …

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Boost for biotech as big pharma faces patent cliff

By Filip Karinja The Big Pharma industry is set for a major shakeup as many blockbuster drugs begin to come off patent. Some high revenue generating drugs will soon no longer be covered by their protective patents, meaning cheaper generic drugs can flood the market. AstraZeneca’s blockbuster cholesterol drug Crestor was one of the …

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India cuts interest rates more than expected

India central bank Raghuram Rajan interest rates

India’s central bank on Tuesday cut its key interest rate more than markets expected amid optimism that inflation will remain low and fears that Asia’s third-largest economy is slowing. Reserve Bank of India Governor Raghuram Rajan cut the repurchase-agreement rate by 0.5 percentage point to 6.75%. That brings the total easing by …

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Why You Should Consider CFD Trading

While daily trading volumes may have declined slightly since the Great Recession, the evolution of the financial marketplace has ensured that even volatile entities such as the foreign exchange remain surprisingly active. This is largely thanks to trading vehicles such as contracts for difference (CFDs), which enables investors to minimise …

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Europe is about to impose extreme repression – Nigel Farage

nigel farage

On the heels of the recent turmoil in global markets, today King World News interviewed MEP (Member European Parliament) Nigel Farage, to get his take on the ongoing crisis.  Farage told KWN that “What you may see is a very desperate European Union begin to put in place capital controls and things …

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Deutsche Bank headquarters raided by police in tax fraud probe

Deutsche Bank tax fraud probe Franfurt

German prosecutors raided Deutsche Bank AG’s Frankfurt headquarters Tuesday morning in connection with a criminal tax-fraud probe, according to officials and other people familiar with the matter. The raid came two days after the bank said its co-chief executives would resign but the timing appeared to be unrelated to the management change, people familiar …

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Brazil, Uruguay move away from US dollar in trade

USD dollar

Brazil and Uruguay have switched to settling bilateral trade with local currency to stimulate turnover, bypassing the US dollar. Payments in the Brazilian real and Uruguayan peso started on Monday. The agreement was signed on November 2 by the head of Brazilian Central Bank Alexandro Tombini and his Uruguayan counterpart …

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Gold and silver price manipulation becoming more blatant

Gold and Silver manipulation

For the 3rd day in a row, precious metals have been monkey-hammered lower in the first hour of trading on the US markets… no news, no headlines, no technicals – just good old-fashioned $10 cliff-dives in gold…   In Aug 13-15th, 2012 silver finished on the exact same price three …

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What to Know About Cryptocurrency ATMs

The process of buying or selling Bitcoin and other digital currencies is not difficult. However, buyers have to find sellers and vice versa to complete the transaction. In some cases, it becomes necessary to complete the transaction in-person as opposed to online. The good news is that digital currency ATM …

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Farmers awarded $218m in Syngenta GMO corn lawsuit

Syngenta GMO corn lawsuit farmers

A Kansas federal jury awarded nearly $218 million on Friday to farmers who sued Swiss agribusiness giant Syngenta over its introduction of a genetically engineered corn seed variety. Syngenta vowed to appeal the verdict favoring four Kansas farmers representing roughly 7,300 growers from that state in what served as the …

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Dollar Value Rises As Trump Readies Additional Tariffs for China

The value of US dollar in the Forex market shot up significantly on Friday last week following Trump’s reported move to direct aides to proceed with imposing tariffs on China. This is despite attempts by Treasury Secretary Steven Mnuchin, to restart talks with China on the matter. That led to …

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Deutsche Bank is finished, share price almost single digits

deutsche-bank-finished-share-price-single-digits

Shares in Germany’s largest bank have hit rock bottom on Monday as Chancellor Angela Merkel reportedly refused to provide Deutsche Bank state aid in its legal battle with the United States Department of Justice (DoJ). Deutsche shares fell as much as six percent to €10.67 in early Monday trading, the …

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Food inflation will affect entire globe in 2013

Food Inflation

Grocery prices in the United States have risen steadily for months now, but because of the drought here at home and other global market forces, food costs are set to skyrocket around the world as well, say experts. In addition to parched farmland throughout much of the U.S. and near …

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Triple-digit silver prices coming

Silver bullion 999

The head of a major silver mining company says he thinks we will see triple-digit silver prices in the near future. Keith Neumeyer serves as CEO of First Majestic Silver Corp. The company ranks as the second largest silver producer in Mexico – the world’s leading country in silver production. Neumeyer …

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