LATEST NEWS: Wall Street drops on global demand concerns

U.S. stocks were sharply lower on Tuesday on concerns about the impact of lower oil prices on the global economy and the effect of political turmoil in Greece on the euro zone. Brent crude LCOc1 touched a fresh five-year low of $65.29 on Tuesday and was last down 0.3 percent to $65.97. Oil prices have […]

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LATEST NEWS: Unusual gold moves in Asian hours puzzle jittery traders

Some of the biggest price moves in gold since late October have, unusually, occurred in Asian hours and traders more accustomed to following the lead of their Western counterparts suspect a big increase in algorithmic trading may be to blame. continue reading at in.reuters.com

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LATEST NEWS : Ukraine and Russia take center stage as leaders gather for G20

A showdown between Western leaders and Russian President Vladimir Putin is likely at the G20 summit in Australia starting on Saturday, following fresh reports of Russian troops pouring into eastern Ukraine. Ukraine has accused Russia of sending soldiers and weapons to help separatist rebels in eastern Ukraine launch a new offensive in a conflict that […]

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LATEST NEWS : UPDATE 2-Swiss regulator flags attempt to manipulate bullion benchmarks

Switzerland’s financial watchdog said on Wednesday it had found a “clear attempt” to manipulateprecious metals price benchmarks during a cross-market investigation into trading at UBS bank. The FINMA regulator revealed its findings just days after the precious metals industry decided to automate the setting of reference prices for gold, ending the twice-daily “fix” by a […]

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LATEST NEWS : UPDATE 1-Clear attempt to manipulate precious metals benchmarks at UBS-FINMA

Swiss regulator FINMA said on Wednesday that it found a “clear attempt” to manipulateprecious metals benchmarks during its investigation into precious metals and foreign exchange trading at UBS. The benchmark known as the gold “fix” is used to ascertain reference prices twice daily for the precious metals industry. Along with other precious metal benchmarks, it […]

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LATEST NEWS: Predictors of ’29 Crash See 65% Chance of 2015 Recession

In 1929, a businessman and economist by the name of Jerome Levy didn’t like what he saw in his analysis of corporate profits. He sold his stocks before the October crash. Almost eight decades later, the consultancy company that bears his name declared “the next recession will be caused by the deflating housing bubble.” By […]

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LATEST NEWS : Global shares push higher, bonds steady before Fed

World stocks and U.S bond yields extended almost three weeks of steady gains on Tuesday, as markets prepared for the Federal Reserve to formally end six years of aggressive, crisis-driven monetary stimulus. The Fed kicks off a two-day meeting later with analysts wagering that it will try to soothe the recent market volatility by reinforcing […]

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LATEST NEWS : White House shifts into crisis mode on Ebola response

Rising public anxiety about the Ebola virus has forced the White House to shift into crisis mode and cancel two days of planned political events as President Barack Obama strives to show he has control over stopping the spread of the deadly disease. continue reading at reuters.com

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LATEST NEWS : Central bankers may have no quick fix as markets swoon, economy weakens

Global central bankers, eager to see the economystand on its own feet, faced the rude reality this week of market turmoil threatening already faltering growth and prolonging world reliance on easy money. continue reading at reuters.com

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LATEST NEWS : Venezuelans turn to bitcoins to bypass socialist currency controls

Tech-savvy Venezuelans looking to bypass dysfunctional economic controls are turning to the bitcoin virtual currency to obtain dollars, make Internet purchases — and launch a little subversion. Two New York-based Venezuelan brothers hope this week to start trading on the first bitcoin exchange in the socialist-run country, which already has at least several hundred bitcoin […]

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