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India or China whose household is wealthier (20 November 09:38) |
| The Level and Distribution of Global Household Wealth, by James B. Davies, Edward N. Wolff Susanna Sandstrom and Anthony B. Shorrocks, NBER |
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European shares rebound snapping 3-day losing run (20 November 04:57) |
| By 2:31pm, the FTSEurofirst 300 index of top European shares was up 0.4% at 1,014.88 points after losing 1.6% on Thursday to hit a one-week closing low |
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Wall St drops on fresh recovery concerns (20 November 09:44) |
| Bank of America-Merrill Lynch cut its 2010 growth outlook for the semiconductor industry on concerns about a rising inventory glut |
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Asian stocks ease dollar gains against most currencies (19 November 10:02) |
| Gold edged lower, taking a breather from the previous session’s jump to new peaks above $1,150 per ounce, as the dollar gained some ground against the euro and other major currencies |
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Asian Stocks ease dollar up as risk shunned (19 November 03:53) |
| Gold edged down as the dollar gained some ground against the euro and other major currencies, taking a breather after hitting a record above $1,150 per ounce the previous day |
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Wall St dips as tech outlook and housing take toll (19 November 09:43) |
| The government said housing starts declined to their lowest level in six months, weighed down by a sharp fall in construction activity for both single-family and multi-family dwellings, a si... |
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Wall St gains on broker views but retailers sink (18 November 10:17) |
| Even so, the underlying tone was negative as investors fretted about the strength of the recovery and the recent rally, and more stocks fell than rose |
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Banks policymakers spar over new rules being pushed by G-20 (17 November 10:26) |
| Bankers said the new rules spearheaded by the G-20 leading countries also need better coordination and timing to avoid a patchwork of implementation emerging |
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Global equities off 2009 highs dollar edges up (17 November 09:18) |
| MSCI world equity index falls 0.4% as investors, anticipating consolidation, step back from risky trades |
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Asia stocks retreat dollar pressured (17 November 11:26) |
| The dollar edged up against a basket of major trading-partner currencies, off 15-month lows hit overnight, but its broad downtrend was seen as intact on a growing view that US interest rates... |
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Asian stocks at 15-month highs on Fed assurance (17 November 09:02) |
| Investors were also focused on US President Barack Obama’s summit meeting with Chinese President Hu Jintao later in the day |
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Wall St leaps as Bernanke pledges lower rates (17 November 08:46) |
| Bernanke repeated that the Fed was likely to keep interest rates exceptionally low for “an extended period,” a pledge that weighed on the US dollar |
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Wall St falls on energy shares consumer worries (13 November 11:11) |
| Stocks were also undermined by a US dollar rally, as its safe-haven appeal rose after several policymakers around the world warned the economic recovery was fragile |
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Asian markets mostly lower after Wall Street fall (13 November 11:04) |
| Markets in Tokyo, Shanghai and Seoul declined, while Hong Kong and Taipei traded slightly higher after major US indexes slid by about 1% overnight |
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Asian stocks fall on fear of stimulus withdrawal (12 November 11:00) |
| Concerns about whether the global economic recovery is sustainable or not are weighing on shares |
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Asia shares edge higher gold hits new record (12 November 10:23) |
| A string of robust economic data from China on Wednesday has added to expectations the world’s fastest-growing major economy can lead a pick-up in global activity |
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World economy faces bank bubble risks says Zoellick (11 November 09:34) |
| The good news is financial markets have broken the fall and there is a sense of revival in those markets, says World Bank president Robert Zoellick |
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Asia stocks up 4th day China data supportive (11 November 10:07) |
| Nevertheless, other indications of China’s economy were within expectations and gave no sign that the recovery that has led the global economy is petering out |
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Asia stocks currencies rise on risk appetite (10 November 10:01) |
| Markets were buoyed by a 2 % jump in the Dow Jones on Monday, encouraged by G-20 finance ministers’ pledge at the weekend to keep emergency measures in place until a recovery was assured |
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Dow hits 2009 high in rally on bigger risk appetite (10 November 09:38) |
| The agreement by G-20 finance ministers and central bankers over the weekend to keep stimulus in place boosted global stocks on the expectation of prolonged low interest rates |
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JP Morgan sees overseas firms listing in China soon (09 November 03:01) |
| Listings by red chips and foreign companies would open up new choices for Chinese investors and allow foreign companies to tap into a market with ample liquidity, Jing Ulrich, chairman of Ch... |
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Asia stocks currencies rally as risk sought (09 November 09:09) |
| The MSCI index of Asia Pacific stocks outside Japan rose 1.3%, having risen about 5% since hitting a one-month low a week ago |
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Chinas new Nasdaq-style board sees wild start (08 November 08:53) |
| The 28 stocks on the ChiNext board in Shenzhen repeatedly tripped circuit-breakers in place to curb rampant speculation |
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Windfall seen as bank bonuses are paid in stock (08 November 08:50) |
| Some compensation experts say the risk has been decreased by the government’s backing of the financial system and historically low stock prices |
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ADRs gain over $6 billion last week (08 November 12:28) |
| Among the 16 companies trading as American Depository Receipts, another major gainer was IT firm Wipro whose valuation jumped by $1.3 billion to $26.43 billion |
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Theres a long-term case for non-dollar assets (06 November 10:48) |
| Foreign exchange commentator A.V. Rajwade speaks about where the dollar is headed |
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European stocks rise in early trade jobs data eyed (06 November 01:33) |
| The European benchmark is up more than 53% from its lifetime low of 9 March, as investors have become more confident on the prospects for economic recovery |
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Global equity fund flows fall on economic worries EPFR (06 November 10:18) |
| Outflows from equity funds totalled $5.42 bn during the week ended 4 November |
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Asian stocks oil rise ahead of US jobs numbers (06 November 09:06) |
| Olatility eases after week of ups and downs; Australia dollar rises on rate outlook; Reuters poll: Oct US payrolls forecast -175,000 jobs |
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Wall Street rallies on encouraging economic data Cisco (06 November 08:50) |
| Non-farm productivity rises at fastest pace in 6 years; jobless claims drop to 10-month low; Oct payrolls Friday; Cisco results lift tech stocks; Dow up 2.1%, S&P up 1.9%, Nasdaq up 2.4% |
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Asian shares fall on Fed outlook dollar recovers (05 November 08:45) |
| Investors were discouraged as the US central bank decided to keep rates near zero; all eyes now on jobs data |
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US Fed sees rates near zero for “extended period” (05 November 12:48) |
| Household spending appears to be expanding but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit, the Fed said |
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Asian shares dip on Fed outlook dollar recovers (05 November 12:43) |
| Japan’s Nikkei share index slid 1.3% to a one-month closing low |
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Asian stocks dip dollar shaky on cautious Fed (05 November 09:09) |
| Japan’s Nikkei slid 1.4% as the yen’s advance hurt exporters; the Kospi index tumbled 1.4% |
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Wall Street slips from days high post Feds comment (05 November 08:53) |
| The Dow Jones industrial average gained 30.23 points, or 0.31%, to end at 9,802.14; the Standard & Poor’s 500 Index edged up 1.09 points, or 0.10%, to finish at 1,046.50; Nasdaq Composite ... |
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Rally in emerging markets expected to extend into 2010 (04 November 09:58) |
| Analysts believe that the markets have not reached a stage where they can be called expensive |
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Dollar steady below 1-month high Asia stocks up (04 November 01:36) |
| Most investors turned their attention to the US Federal Reserve, which ends its two-day meeting on Wednesday |
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US Federal Reserve seen staying on easy-money path (04 November 10:34) |
| Policy makers will need to take into account the economy’s faster-than-expected 3.5% annualized growth rate in Q3, which effectively signaled the end of the recession |
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US markets end higher on Berkshire-Burlington deal (04 November 09:20) |
| Warren Buffett’s Berkshire Hathaway agreed to buy Burlington Northern Santa Fe Corp in a deal that values the railroad company at $34 billion, Berkshire’s biggest deal ever |
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Dollar edges down Asia up before Fed meet (04 November 09:06) |
| Most investors turned their attention to the US Federal Reserve, which ends its two-day meeting on Wednesday |
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World stocks fall on stimulus worries (03 November 03:13) |
| Positive US manufacturing and home sales data buoyed US stocks on Monday but investors worry that signs of recovery will lead governments to cut economic and fiscal support |
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Dollar slips Asian shares ease ahead of Fed (03 November 01:14) |
| The dollar fell 0.2% against a basket of major currencies as the Fed is not expected to depart from a policy of maintaining low rates for an extended period of time although it could discuss... |
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Wall St ends higher on manufacturing housing data (03 November 10:19) |
| Industrial and materials stocks rose after the solid numbers on manufacturing activity, with the S&P Industrials index and the S&P Materials index both rising 1% |
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Asia share drop limited after Wall Street hit (02 November 10:34) |
| Worries over recovery resurface; MSCI index of Asia-Pacific shares outside Japan falls 1% to a one-month low |
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World shares slide ahead of central bank meetings (02 November 07:20) |
| Wall Street, however, looked set for a positive start after Friday’s heavy losses on a day that also saw the VIX volatility index surge |
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European shares drift lower banks pharma weigh (02 November 04:22) |
| Banks were among the top losers, also pressured by news that CIT Group Inc, a US lender to hundreds of thousands of small and medium-sized businesses, filed for bankruptcy on Sunday |
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Asian shares drop after Wall Street hit (02 November 10:47) |
| Asia stocks drop 1.5 pct, hold up after Wall St. slide; more profit-taking in risky assets expected before year-end; Aussie and higher-yielding FX bounce back from early drop |
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Fed unlikely to raise rates as economy enters recovery zone (01 November 10:57) |
| Analysts say growth is likely to slow in Q4 as support measures wind down and unemployment continues to rise |
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Chinas PMI increases at fastest pace in 18 months (01 November 10:45) |
| $586 billion stimulus plan and unprecedented growth in new loans are sustaining the country’s rebound |
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Europe rises from crisis but now races against time (01 November 10:06) |
| The European economy is currently struggling with extra debt, a strong euro and an ageing population |
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