Developed or developing? Try merging markets

Published : 12:00 am  July 16, 2012  |  Category: International  |  Leave a Comment  |  599 views  |  
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Reuters: Investors are criss-crossing the increasingly smudged line between emerging and developed markets as the euro zone crisis challenges traditional perceptions of a safe investment. This blurring of distinctions was illustrated last month by index compiler MSCI’s surprise decision to review Greece’s stock market for downgrade to emerging market status, usually assigned to poorer countries offering lower liquidity and less open access to trade.  Read More →


Spain reforms to raise 56.4 billion euros

Published : 12:00 am  July 16, 2012  |  Category: International  |  Leave a Comment  |  517 views  |  
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Reuters: The Spanish government’s most recent reforms will slash 56.4 billion euros from the public deficit in the next two and a half years, an official document showed on Saturday, leaving a gap to be filled by taxes on energy. Spanish Prime Minister Mariano Rajoy pledged 65 billion euros of savings from tax hikes and spending cuts on Wednesday in a painful package aimed at convincing the EU and investors his government is serious about reform.  Read More →


Asian shares jump on relief after China GDP, caution stays

Published : 12:00 am  July 14, 2012  |  Category: International  |  Leave a Comment  |  854 views  |  
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Reuters: Asian shares and the Australian dollar jumped on Friday after China’s second-quarter gross domestic product data landed in line with forecasts.  Read More →


Pakistan judges order new PM to reopen graft cases, risking conflict

Published : 12:00 am  July 14, 2012  |  Category: International  |  1 Comment  |  842 views  |  
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Reuters: Pakistan’s Supreme Court on Thursday ordered Prime Minister Raja Pervez Ashraf to re-open corruption cases against President Asif Ali Zardari, the latest twist in a long-running confrontation between the judiciary and the government.  Read More →


Moody’s downgrades Italy, warns of further cut

Published : 12:00 am  July 14, 2012  |  Category: International  |  Leave a Comment  |  865 views  |  
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REUTERS: Moody’s on Friday surprised markets by downgrading Italy’s government bond rating by two notches to Baa2 and warned it could cut it further, piling on pressure just hours before the country launches its latest bond sale.  Read More →


Asian shares slump after S. Korea rate cut, Australia jobs data

Published : 4:35 am  July 13, 2012  |  Category: International  |  Leave a Comment  |  547 views  |  
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Reuters: Asian shares slid on Thursday as a surprise rate cut from South Korea and an unexpected slump in Australian employment deepened worries about global economic growth. The news weighed on sentiment already hurt after minutes from a Federal Reserve meeting in June showed conditions may need to worsen before policymakers possibly buy more bonds to stimulate the U.S. economy, as well by U.S. corporate profit warnings and weak results in Europe that have fed expectations for a depressing earnings season.  Read More →


Richard Branson plans to launch satellites

Published : 4:32 am  July 13, 2012  |  Category: International  |  1 Comment  |  607 views  |  
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Reuters: Flamboyant British businessman Richard Branson, whose Virgin empire has encompassed airlines, music stores, mobile phones and condoms, is turning his hand to launching satellites. The serial entrepreneur and part-time daredevil, who is already working on taking passengers into suborbital space, said on Wednesday the carrier jet for those commercial flights would double up as an aerial platform for launching small satellites.  Read More →


Credit Suisse cuts 2012 commodity price forecasts

Published : 4:31 am  July 13, 2012  |  Category: International  |  Leave a Comment  |  1,149 views  |  
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REUTERS: Credit Suisse on Wednesday lowered its 2012 price forecasts for commodities across the board, including oil, precious metals and base metals, saying the balance of near-term risks to the industrial commodity complex is to the downside. “While we expect a modest recovery in the second half of the year, the pace of growth is likely to remain relatively subdued,” Credit Suisse analysts said.  Read More →


Fitch affirms US AAA credit rating, outlook still negative

Published : 1:10 am  July 12, 2012  |  Category: International  |  Leave a Comment  |  611 views  |  
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Reuters: Fitch Ratings on Tuesday affirmed its AAA credit rating on the United States and maintained a negative outlook, citing a diversified and wealthy economy that is undermined by the government’s inability to agree on deficit reduction measures.  Read More →


OECD sees no end to jobs crisis as economy struggles

Published : 1:08 am  July 12, 2012  |  Category: International  |  1 Comment  |  579 views  |  
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LONDON(Reuters): Unemployment in advanced economies will remain high until at least the end of 2013, with young people and the low-skilled bearing the brunt of what is by far the weakest economic recovery in the past four decades, the OECD said on Tuesday.  Read More →


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