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Finance


2012-01-09 10:43:13

China’s trade surplus may narrow to an eight-year low in 2012 as slowing external demand undermines exports, a shift that may help the nation rebuff overseas criticism for maintaining an undervalued exchange rate.
 

2012-01-09 10:42:22

Australian retail sales stalled in November, ending a four-month advance, as a decline in clothing purchases offset higher restaurant spending. The nation’s currency weakened after the report.
 

2012-01-09 10:41:16

European Central Bank President Mario Draghi may act more like Ben S. Bernanke than Jean-Claude Trichet in 2012.
 

2012-01-09 10:40:00

China’s December lending and money supply growth exceeded economists’ estimates, signaling monetary conditions may be easing as the nation’s central bank said it must be prepared for possible shocks from the U.S. and Europe.
 

2012-01-09 10:32:46

The planned 50 percent writedown of Greek government bonds held by private creditors as part of a debt swap won’t be enough to make the country’s debt sustainable, an adviser to German Finance Minister Wolfgang Schaeuble told To Vima in an interview.
 

2012-01-09 10:29:56

Federal Reserve Governor Sarah Bloom Raskin said the central bank should fine mortgage servicing companies that broke the law and are partly to blame for the current “foreclosure crisis” in U.S. housing.
 

2012-01-09 10:27:21

Dexia SA (DEXB), the French-Belgian lender being broken up after requiring two bailouts in three years, is unlikely to have to tap Belgian government guarantees (DEXB) in 2012, said Luc Coene, the head of Belgium’s central bank
 

2012-01-09 10:25:57

China’s December lending and money supply growth exceeded economists’ estimates, signaling monetary conditions may be easing as the nation’s central bank said it must be prepared for possible shocks from the U.S. and Europe.
 

2012-01-05 10:05:52

Philipp Hildebrand is under pressure to explain how he can act as guardian of the Swiss franc and allow his wife to trade the currency at the same time.
 

2012-01-05 10:05:18

WJB Capital Group Inc. shut its brokerage operations after a year in which the Wall Street firm faced slower trading, a shortage of capital and interest rates of 25 percent on some debts.
 

2012-01-05 10:04:38

For private equity buyers looking for a retailer that throws off the most cash, there’s no bigger bargain than Best Buy Co
 

2012-01-04 10:17:04

UBS AG (UBSN), Switzerland’s biggest bank, and a unit of ING Groep NV (INGA) started the New Year by selling top- rated covered bonds to cut funding costs while satisfying investor demand for the safest securities.
 

2012-01-04 10:16:04

Citigroup Inc. (C), the third-largest U.S. bank, sold $2.5 billion of five-year notes in its biggest bond offering since 2009 as relative yields on its debt expand.
 

2012-01-04 10:15:28

Bill Gross’s Pimco Total Return Fund had $5 billion in client redemptions last year as the world’s largest mutual fund trailed rivals, its first year of withdrawals in records going back to 1993, according to Morningstar Inc. (MORN)
 

2012-01-04 10:14:49

WJB Capital Group Inc., a Wall Street firm with more than 100 employees, shut its brokerage operations amid “financial issues,” according to the company’s attorney.
 

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