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Global Markets
ECB Leaves Rates Steady but Hints at Future Cut
April 4, 2013, 2:24 pmThe European Central Bank (ECB) left its key rate unchanged April 4, but hinted at a cut later that year. President Mario Draghi cited risks to the economic recovery and said [...]
$1.4 Trillion Stimulus Unveiled by Bank of Japan
April 4, 2013, 1:40 pm
$1.4 trillion stimulus: The Bank of Japan unveiled a $1.4 trillion stimulus plan to energize country’s economy.
Stock Market Manipulation Concerns
March 31, 2013, 3:07 am
Investing in today’s stock market doesn’t come without risk, especially during volatile times.
Weaker Yen No Welcome Sight to Korea, Global Corporations
March 26, 2013, 3:43 pm
Economists and officials in South Korea are concerned about the yen because the nation is an export-driven economy similar to Japan.
Iraq Car Market Ripe for Rapid Expansion
March 25, 2013, 10:21 am
Western cars were banned in Iraq under Saddam Hussein. The country was flooded with VW Passats that were shipped from Brazil between 1983 and 1990 in exchange for oil.
Cyprus Plan B: Raise Money through “Solidarity Fund”
March 21, 2013, 12:31 pm
Cypriot leaders are under pressure to avert bankruptcy as the ECB said it will only provide assistance until March 25 and ATMs run out of cash. Things are getting worse in Cyprus after its parliament rejected an initial proposal [...]
SAC Insider Trading Trail Doesn’t Stop at $616 million Settlement
March 18, 2013, 5:16 pm
SEC continues investigation of S.A.C. Capital despite $616 settlement of insider trading charges. The Security and Exchange Commission (SEC) continues to investigate portfolio managers of hedge fund S.A.C. Capital in an insider trading probe. The new charge comes after a [...]
Scrutinizing the UK Given Moody’s Downgrade
March 7, 2013, 6:13 am
Moody’s points to slow growth, which might continue for a number of years, and an unsustainable debt burden that will continue over the next two years.
Dow Closes At All-Time High of 14,253.77
March 5, 2013, 5:54 pm
The Dow Jones Industrial average closed at an all-time high of 14,253.77 March 5. The Blue Chip index of 30 stocks is up 9 percent year-to-date and eclipsed the previous high [...]
Forbes Rich List: Forbes Lists 1,426 Billionaires in Global Wealth Tally
March 4, 2013, 6:36 pm
Forbes magazine released its list of the world’s richest people March 4. The magazine counts 1,426 billionaires with an aggregate net worth of $5.4 trillion. The United [...]
