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World markets mixed as investors eye Fed minutes The Nikkei Japan Manufacturing PMI index was at 54 on a 0-100 scale where reading exceeding 50 indicate expansion. Job creation hit an 11-year high. In Europe, a similar gauge of manufacturing and services slipped amid the financial market volatility in February, but remained near a 12-year high.
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EUROPE MARKETS: European Stocks Shoved Down As Eurozone Business Activity Slows After European trade closes, minutes from the Federal Reserve's January policy meeting, the last chaired by Janet Yellen, will be released. Investors will look for clues to the central bank's thinking on interest rates, which can have a knock-on effect on global financial markets. The minutes are due 2 p.m. ...
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When a Competitor Abandons the Market, Should You Advance or Retreat? For future study, Krieger wants to investigate the relationship between financial markets and drug development decisions—pulling out of trial can be hazardous to a drug maker's market cap. In 2006, Pfizer pulled the plug on its cholesterol drug torcetrapib, then in Phase 3 studies, and the company's ...
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Washington's Financial Incompetence Or Worse: A Look Back To 2008-09 Washington claimed at the time that it had little choice, that the financial system was on the verge of collapse. Even so, alternatives existed that Washington seemed not even to have considered. In retrospect, the chosen policies probably exacerbated the panic that seized markets at the time. Issues of ...
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Bridgewater's bet against Europe shines light on patchy short-selling rules On the one hand, regulators want to ensure transparency in financial markets by making sure investors are aware of short-interest in a company, according to James Clunie, a hedge fund manager at Jupiter Asset Management who has written a PhD and several books on short-selling. But on the other ...
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Temenos agrees 1.4 billion pounds deal for Fidessa, activist Elliott enters The deal "will accelerate both companies' complementary growth strategies in banking and capital markets and will enable us to cross-sell into our existing client bases and capture a greater share of the IT and software spend of banks especially as they move to the cloud", Temenos Chairman Andreas ...
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Fed could 'rock the boat' with what it says about the stock market's worst fears: higher inflation and ... The Fed minutes Wednesday could have more impact than usual if they provide any insight on inflation and interest rates. Inflation is a big worry for the stock market since it eats away at corporate profit margins and could push the Fed to raise interest rates faster. The minutes could be a window into ...
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UK regulator warns lawmakers over post-Brexit market rules LONDON (Reuters) – Britain should not force its regulators into trade-offs between market stability and helping London remain a leading global financial centre after the country leaves the European Union, a top regulator said on Tuesday. Charles Randell, who becomes chair of the Financial Conduct ...
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Emotion of humans is stabilizing force Over the past few weeks stock markets have been very volatile. With the election of President Trump and continuing until the signing of tax reform, it seemed like the only direction that stock markets knew was up. Then, thousand point drops, large volumes and apparent instability. What is going on?
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The VIX Needs A Fix Last week, the stock market made back more than half the losses it suffered in the previous two weeks. The Dow industrials rose 4.25%, the S&P 500 rose 4.30%, and NASDAQ shot up 5.31%. But in my opinion, the biggest news last week was that FINRA (the Financial Industry Regulatory Authority), ...
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Tops Markets Pursuing Financial Restructuring to Reduce Debt and Strengthen Competitive Position WILLIAMSVILLE, N.Y.--(BUSINESS WIRE)--Tops Markets, LLC ("Tops" or the "Company") today announced that it is pursuing a financial restructuring in order to eliminate a substantial portion of debt from the Company's balance sheet and position Tops for long-term success. Tops stores across the ...
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