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Market Wrap For June 16: M&A Frenzy Keep Indices In Positive Territory
Monday, June 16, 2014 - 4:33pm | 1781U.S. stocks closed the day slightly higher as a mergers and acquisition heavy trading session eased fears over escalating violence in Iraq. The New York Federal Reserve's Empire State index for June showed that business conditions in June rose from May. In fact, June's reading proved...
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Market Wrap For June 2: Dow, S&P Continue Rising, Nasdaq Slightly Lower
Monday, June 2, 2014 - 4:36pm | 2382U.S. stocks were mostly positive on the first trading session of June in which investors were left confused over ISM's May Manufacturing data which was revised twice. Both the S&P 500 and Dow Jones indices reached new highs. The S&P 500 index reached a new all time high of 1,925.88...
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Market Wrap For May 21: Fed's Minutes Support Wednesday's Bull Run
Wednesday, May 21, 2014 - 4:37pm | 2652U.S. stocks rose at the opening bell and continued to rise throughout the trading session. Investors and traders breathed a sigh of relief when the Federal Reserve indicated a rate hike is not likely in the short term. According to the Fed, it is examining multiple strategies to tighten its...
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Russia Threatens To Cut Off Gas To Ukraine, Preparing For 'Historic' Energy Deal With China
Wednesday, May 14, 2014 - 12:26pm | 430Russia's state-controlled energy giant Gazprom is playing economic hardball with Ukraine, as the political crisis between Moscow and Kiev deepens. At the same time, Russian President Vladimir Putin is scheduled to travel to Beijing next week – where he is expected to sign a historic deal to...
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Market Wrap For May 12: Dow And S&P Close At Record Highs
Monday, May 12, 2014 - 4:37pm | 2248U.S. stocks rose as both the Dow and S&P 500 indices closed at record highs. With over 90 percent of S&P 500 companies reported earnings, investor focus has shifted to renewed merger and acquisition activity that provides a higher level of confidence that the economy is expanding. The...
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Brent Slides Towards $108 On Chinese Exports
Monday, March 10, 2014 - 7:26am | 315Brent crude oil fell below $109 to start the week on poor data from China, but supply worries helped underpin prices. The commodity traded at $108.01 at 6:00 GMT on Monday morning, as investors evaluated geopolitical tension in both Ukraine and Libya. Bloomberg reported that China released data on...
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Market Wrap For December 20: Markets Gain On GDP Data
Friday, December 20, 2013 - 5:44pm | 1875Major indices received a boost in Friday's trading activity following a better than expected third quarter GDP. The surprising economic data is yet another key data that may suggests that the economy is healthy enough and could handle the Fed's recent decision to taper its bond buying program....
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Soccer Week in Financial Markets
Tuesday, August 7, 2012 - 12:41pm | 468The global sport of soccer is being thrust to the forefront of markets this week as Manchester United, the world's most valuable sports franchise, seeks a re-IPO. Also, Standard Chartered, the sponsor of Liverpool F.C., is reported to have funneled billions of dollars of transactions into Iran....
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Gazprom and Shell Sign Cooperation Agreement
Tuesday, November 30, 2010 - 11:09am | 92Alexey Miller, Chairman of the Gazprom Management Committee, and Peter Voser, Chief Executive Officer of Royal Dutch Shell plc (NYSE: RDS.A), signed a protocol on strategic global cooperation. This agreement establishes basic guidelines for the companies' broader collaboration. Amongst the...