For The Professional Investor
Portugal put 80 percent of Caixa Geral SA insurance unit on sale and Chinese Fosun International Ltd. (656) won the bid for its purchase at 1 billion euro ($1.36 billion) over U.S. Apollo Management International LLP firm. According to the Portuguese Secretary of State for Finance Manuel Rodrigues, Fosun International will complete the purchase in […]
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If there’s one man that can celebrate a fresh start in the new year, that certainly seems to be Mario Draghi. The European Central Bank president had taken a bold stance during a London speech in July 2012 when he declared that he would do “whatever it takes” to save the Euro. Despite disbelief and […]
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Asia’s fourth-biggest equity market has been under-performing with local trading volumes falling into a six-year long decline, pushing North Korea’s bourse operator to consider extending trading hours. Korea’s six-hour trading day may be prolonged by the Korea Exchange within the next five years in an attempt to increase its liquidity in the $1.2 trillion market. […]
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Although corn demand has been growing in the U.S., the world’s top corn grower has also put out a record crop this year that has seen stockpiles rise at the quickest pace in the last 19 years. Corn is used primarily to make livestock feed and ethanol. On the first stock-taking at the end of […]
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JPMorgan Chase & Co has agreed to a $2.6 billion deal with the U.S. government and Bernard Madoff victims relating to allegations that the bank failed to notify authorities about its suspicions of fraud at Madoff’s fund. According to government prosecutors, the bank did not at any point notify them of their doubts, even as […]
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The Fed is playing a central role again this week in the global currency exchange as traders await the release of the minutes of the December FOMC minutes to gauge how the Fed really stands towards the $10-billion stimulus reduction it decided to implement. The anticipation alone of the release and speculation as to the […]
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Advancing markets are not likely to recover quickly from the asset slump of last year that has left behind advanced-nation shares by the most since 1998, according to the biggest banks of Wall Street. Goldman Sachs Group Inc. has been advising cuts as high as a third in developing nations investments, predicting “significant underperformance” for […]
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Despite fears of commodities losing value this year and investor hesitation in buying into gold, the precious metal climbed to its highest level in three weeks on increased consumption in Asia, despite the lack of investing demand. Last year, gold dropped 28 percent of its values, the most since 1981, as investors fled to rising […]
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The U.S., Canada’s largest trading partner, experienced a the second greatest boost in its manufacturing industry in over two years last December that drove the Canadian dollar against most of its peers. The loonie fell against the greenback after momentarily rising with American claims for unemployment benefits falling to their lowest in a month. Increased […]
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We always stress the importance of fundamental analysis on our main website and informative videos we produce for our traders and followers, but today’s news illustrates the importance of this aspect of binary options trading in a grand real-life paradigm of immense proportions. One of the major market moving events of 2013 had been the […]
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