Latest and Breaking Finance and Global Markets News and Top Stories - July 3
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FinanceBrief
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There was much to celebrate in the U.S. jobs report released Thursday by the Department of Labor. Hiring for the past six months is stronger than it’s been since January 2000, with April’s revised figure topping 300,000 for the first tim...
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Argentina has its back against a wall. On July 30 it may default on a sovereign-debt payment that could send its economy into a tailspin of rising interest rates, money printing, and inflation. It could be the worst economy tragedy the r...
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(The story updates yesterday's preview of the non-farm payrolls report for June with the actual numbers.) NEW YORK (TheStreet) -- Jobs creation has improved in 2014, but it remains far short of the 390,000 additional jobs needed each mon...
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Europe's main stock markets closed sharply higher on Thursday, with Germany's main index at a record, as traders welcomed strong US jobs data
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Stocks rose on Thursday, lifting the Dow industrials above 17,000.
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MILAN, July 3 (Reuters) - Italian market watchdog Consob imposed a fine of 150,000 euros ($204,600) on the world's biggest money manager BlackRock for market manipulation in disclosing a reduction of...
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CHICAGO, July 3 (Reuters) - The Illinois Supreme Court decided Thursday that healthcare for retired state workers is a constitutionally protected pension benefit, a ruling with implications for...
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European markets ended the day higher, after the ECB held fire and the widely-watched U.S. non-farm payrolls came in stronger than expected.
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Amazon.com (NASDAQ: AMZN) has become one of the top 10 largest companies in the United States, jumping from No. 11 to No. 9 after sales increased by more than 27 percent between 2012 and 2013, according to the latest STORES/Kantar Retail...
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The Dow industrials broke above the 17,000 milestone on Thursday and the S&P 500 came within 1 percent of piercing through 2,000 after the U.S. unemployment rate fell to its lowest in almost six years and the American economy cr...
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JUNEAU, Alaska July 3 (Reuters) - The state of Alaska and four energy firms have signed a joint-venture agreement to begin preliminary work on an 800-mile natural gas pipeline from the North Slope to...
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NEW YORK (TheStreet) -- Platinum futures haven broken above $1,500 for the first time this year, putting the spotlight on shares of platinum mining company Stillwater Mining as an investment worthy to consider. The spike in pl...
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In light of J.P. Morgan CEO Jamie Dimon's unfortunate health complications, two top executives are prepared to take over should Dimon be unable to fulfill his duties, the WSJ reported . The article said Dimon has been grooming several em...
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NEW YORK (TheStreet) -- On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, took a look at the affect that June's nonfarm payrolls results would have on stocks. Specif...
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* Amazon building more logistics centres in eastern Europe
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July 3 (Reuters) - Spectrum Pharmaceuticals Inc's drug for the treatment of an aggressive form of blood cancer was granted an accelerated approval by the U.S. Food and Drug Administration on...
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NEW YORK, July 3 (Reuters) - Imports of crude oil into Canada fell to a one-year low in May despite a continued climb in imports from the United States, Statistics Canada data showed on Thursday.
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It's been a long year and a half for the bears. After a more than 30% gain for the stock market in 2013, markets recovered from some turbulence earlier in the year and are now making new record highs. That doesn't mean that traders...-
A strong jobs report sends the Dow over 17,000 for the first time andthe S&P 500 to another record.
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(Adds analysts' comments on implications for growth and the Bank of Canada)
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LONDON (MarketWatch) -- London's transportation regulator on Thursday said private-driver provider Uber is operating within the law. Licensed taxi drivers in London last month staged a protest urging Transport for London to find that Ube...
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Asda said it would seek redundancies and shake up roles in its 578 stores as the rise of discount shopping puts pressure on the Big Four supermarkets
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NEW YORK (TheStreet) -- As the second half of 2014 begins, I'm providing key trading information on the 11 exchange-traded funds I've been following for traders and investors including the Utilities Select Sector SPDR Fund and the Health...
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* Brent falls below $111, Libya says oil crisis is over (Adds opening of U.S. markets, byline, dateline; previous LONDON)
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* June measures expected to lift inflation, support lending
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WASHINGTON, July 3 (Reuters) - For details of the U.S. Treasury's auctions of 3-year and reopened 10-year notes and reopened 30-year bonds next week, see:
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Gold was below a three-month high as investors awaited key data releases and the fate of stimulus measures by central banks.
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Turns out that those featuring the name of our country have outperformed this year, writes Phil van Doorn.
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THE American guillotine has fallen. After lengthy negotiations, prosecutors and regulators announced on June 30th the penalties they planned to impose on BNP Paribas, France’s largest bank, for evading American sanctions on doing busines...
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SEVENTY years ago this month, 730 delegates gathered in Bretton Woods, New Hampshire to reopen an old debate. Global commerce has long faced a fundamental tension: the more certainty countries create around exchange rates, the less room ...
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WHEN the IMF visited Bulgaria’s capital Sofia in early June its verdict on the banking sector was that “the system is stable and liquid”. By the end of the month Bulgaria faced a financial crisis, thanks to runs on First Investment Bank ...
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FOR most of its 80 years, America’s Export-Import Bank has laboured in obscurity, providing loans, loan guarantees and credit insurance to foreign buyers of American products from jumbo jets to quiche. All of a sudden, it is in the spotl...
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IT IS hard to predict the future: witness forecasters’ failure to foresee the financial crisis. Indeed, even ascertaining the current state of the economy is tricky. The first official estimates of quarterly GDP are generally published b...
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OCCASIONALLY a market appears out of nowhere. So it is with “green bonds”, instruments which tie the proceeds of a bond issue to environmentally friendly investments. Issuers of green bonds raise money, promising to spend it on (for exam...
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Rubber provides some insulation IT DID not take long for Thailand’s ruling junta to discover the first lesson of building popular goodwill: when in doubt, spend. The National Council for Peace and Order (NCPO), the ruling junta led by Ge...
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THERE is always resistance when new words are coined, or become modish; the offending term is attacked for being ugly, superfluous or obfuscating. But sometimes a word illustrates a useful concept. So it is with trilemma. If a dilemma re...
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WHEN companies spend money on new plant and equipment (capital expenditure or capex in the jargon), jobs and economic growth are the result. One of the aims of central banks’ efforts to suppress interest rates is to encourage more such s...
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WASHINGTON, July 3 (Reuters) - For details of the U.S. Treasury's auctions of 13-week and 26-week bills next week, see:
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PetSmart rallies after Jana reveals a 9.9% stake, Lululemon Athletica rises on potential to go private.
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* TSX up 28.73 points, or 0.19 percent, at 15,238.52 * Seven of 10 main index sectors advance * Gold miners slip with the price of bullion By John Tilak TORONTO, July 3 (Reuters) - Canada's main...
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M&A activity is booming. CNBC's David Faber is reporting that tobacco giants Reynolds American and Lorillard will merge by the end of the month. The deal, which Faber notes had previously been discussed and reported , now appea...
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NEW YORK (TheStreet) -- If you invest on fundamentals, the insurance company Chubb is the type of stock you want in your portfolio. Trading around $92.65 per share on Thursday, down 4% for the year to date, Chubb has a current price...
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Nearly half of FTSE 100 firms now force executives to hold stock in so-called Long-Term Incentive Plans (LTIPs) for a minimum of between three and five years, up from 17pc at the start of 2013
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Job growth prompted talk the Fed could move sooner to raise rates, but observers say the underlying job market is still too weak.
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* Northern Minerals Investment (Jersey) Limited has terminated, with immediate effect, its option to acquire an additional 25% of Twin Metals Minnesota LLC (TMM)
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The June jobs report crushed expectations in almost every way. U.S. companies added 288,000 payrolls in June, smashing expectations for just 215,000. And May's number was revised up to 224,000 from 216,000. The unemployment rate unexpect...
