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WHOA: What Just Happened To The Euro?!
The euro just fell more than half a cent in the past hour—a dramatic drop in a generally slow-moving trade. It has even dropped below that $1.30 mark we've been following recently. That price has been...
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China Has A 'Dragon-Sized Appetite' For Africa
Over the past decade, African exports have boomed: total volume tripled to more than $330 billion. This is according to a new report published by Fitch. That growth, predicated largely on an ever...
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This Video Of The Ambani Brothers Dancing May Signal The End Of The Biggest...
Billionaire brothers Mukesh and Anil Ambani danced and prayed together yesterday, signaling that the feud between two of India's biggest business tycoons may really be drawing to a close according to...
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OUCH: Stocks Are At Intraday Lows And They're Negative For The Year Again...
Stocks have been grinding lower all morning on no obvious news. Bank of America and Citigroup are each down around 3%. But the sell-off is broad and hitting all sectors. In Europe, an Italian bond...
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China Announces Another Massive Cut In Rare Earth Exports
BEIJING (AP) — China announced a cut Tuesday in its rare earths export quota as it tries to shore up sagging prices for the exotic metals used in mobile phones and other high-tech goods. China...
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Fed Nominee Jeremy Stein 'Could Shutter The US Financial Services Industry'...
Jefferies strategist David Zervos takes aim at Harvard professor and Federal Reserve Board nominee Jeremy Stein in his latest note today, and it's not pretty. The Obama administration formally...
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The 2 Reasons MetLife Sold Its Bank Unit To GE Capital
Yesterday, MetLife announced that it would sell $7.5 billion in banking deposits to GE Capital. Full press release from MetLife and GE Capital are here and here, respectively. With the sale, MeLlife...
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Here's What Regulators Did To Clean Up The Foreclosure Mess In 2011
This is part of our year-end series, looking at where things stand in each of our major investigations. If last year was the year in which faulty foreclosures and bank errors became a full-blown...
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CHART OF THE DAY: This Crazy Drop In The Euro Has Sent Everyone Reeling
A nearly $0.01 drop in the value over the course of an hour sent traders reeling this morning, renewing fears that the eurozone debt crisis is a very real threat, indeed. The euro bottomed out around...
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AP: We Polled A Bunch Of Economists And ALL Gave President Obama Mediocre Marks
WASHINGTON (AP) — President Barack Obama gets mediocre marks for his handling of the economy and Mitt Romney easily outpolls his Republican rivals in an Associated Press survey of economists. The...
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These Charts Prove Overpaid Workers Aren't The Reason The US Can't Compete
Those of us ensconced in debates in support US manufacturing often hear opponents claiming that the over-regulated US labor market and unionized heavy industry render us uncompetitive in global...
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STOCKS TUMBLE AND THE EURO DIVES: Here's What You Need To Know (SPY, DIA,...
Low volume. Little news. But we did see a notable sell-off in stocks and the euro. First, the scoreboard: Dow: 12,151.4, -139.9, -1.1%S&P 500: 1,249.6, -15.8, -1.3%NASDAQ: 2,589.9, -35.2, -1.3%...
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If The French Understood The Euro, They'd Know Why Britain Won't Be...
The French government just doesn’t seem to understand the real implications of the euro, the single currency that France shares with 16 other European Union countries. French officials have now...
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This Is How The World's Most Important Economies Stacked Up In 2011
The Bank of Montreal just came out with new economic report cards for the world's most important economies in 2011. Their rankings prized low inflation, low unemployment, and low budget deficits...
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Scratch Bailouts, Now Germany Wants To Institute A Growth Fund
Reuters reports that Germany is now seeking to channel remaining money available as part of EU structural aid funds into a separate fund to stimulate growth in struggling European sovereigns. That...
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In 2012 The Economy Will Be On 'Firmer, Albeit Unsteady, Footing'
The last twelve months have been quite remarkable in terms of volatility and absolute levels of interest rates. The bond market was whipsawed by events in Europe and Washington. Greece was the poster...
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LAST CHANCE: Final 2011 Email Sweepstakes — With Great Hulu Prizes!
You'll have four chances to win 3 months of Hulu Plus. Any newsletter subscriber is eligible. Become one now and you'll have a chance to check out what all the cool kids are talking about. Entry...
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The Greek Healthcare System Is Breaking Down Under The Weight Of Austerity
As Greece's debt crisis mounted and the country looked for austerity measures, its unwieldy and often corruption-riddled universal health care system became a prime target, with spending cut 13%. But...
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Kim Jong-Un Just Issued His First Threat Of War Against South Korea (EWY)
Kim Jong-un, who was declared Supreme Leader of North Korea yesterday, issued his first terrifying threat of war today. North Korea may "smash the stronghold of the puppet forces" in the South in...
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