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Market - Voters say this election is about `lesser of two evils`

American voters of all different political and socioeconomic backgrounds tell CNNMoney they are really unhappy with Donald Trump and Hillary Clinton. The concern is whether they will stay home on Election Day -- or pull back on their spending.

Sunday, September 25, 2016  12:03


Business - European firms offer Britain scant support in divorce talks

More than 20 European business associations and companies interviewed by Reuters say they back their governments` position that Britain`s banking sector can only enjoy EU market access post-Brexit if the country still follows the bloc`s rules. Britain wants a trade deal that gives London`s financial district, known as the City, access to EU clients while allowing the government to restrict migration from the bloc - something at odds with the basic rules of the European Union. Senior lawmakers in the British government have said they expect European business groups to support their position because they need access to the financial services the City provides.

Sunday, September 25, 2016  10:15


Technology - Going Pro

Three years since Sony launched PlayStation 4 and dragged the games market out from a sales slump, the company is taking its machine along an unknown path.

Sunday, September 25, 2016  03:40


Europe - E.U. Leaders, Struggling to Respond to Crises, Gather in Slovakia

Representatives of 27 member nations all but Britain, which voted in June to leave the bloc remain divided over migration, security and the economy.

Friday, September 23, 2016  03:27


Business - U.S. job market firming; tight inventories constraining housing

The number of Americans filing for unemployment benefits unexpectedly fell last week to a two-month low, pointing to labor market strength that could pave the way for the Federal Reserve to raise interest rates by December. The upbeat initial jobless claims data came a day after the U.S. central bank left interest rates unchanged but strongly signaled it could raise borrowing costs by the end of the year, citing a recent pickup in economic growth and continued progress in the labor market. `The economy is stronger than we thought with another turn tighter of the screw for the labor market.

Thursday, September 22, 2016  16:49


Business - Asia stocks wobble as investors nervously await Fed, BOJ

By Lisa Twaronite TOKYO (Reuters) - Asian shares edged lower on Tuesday as investors nervously awaited the outcomes of Federal Reserve and Bank of Japan policy meetings that will both conclude on Wednesday. `The market is more nervous about the BOJ than the Fed as it may give the market a surprise,` said Yutaka Miura, a senior technical analyst at Mizuho Securities. Financial spreadbetters predicted the uneasy mood would extend into European markets `Today`s European open is likely to see a slightly softer open after yesterday`s paring back of oil prices from their intraday highs,` wrote Michael Hewson, chief market analyst at CMC Markets in London, who expected Britain`s FTSE 100 , Germany`s DAX and France`s CAC 40 to all open modestly down.

Tuesday, September 20, 2016  07:38


Business - Global stocks head for best week since July despite mixed mood

By Patrick Graham LONDON (Reuters) - Stock markets were on course for their biggest weekly gain in two months on Friday after a week of central bank meetings which left investors still unconvinced that U.S. policymakers intend to put an end to an era of ultra-low interest rates. European stock markets dropped half a percent in early trade, but global share indices were still near 13-month highs, helped by the assumption after a statement on Wednesday that the Federal Reserve, at worst, would raise interest rates only gradually over the next two years. The jury is still out on whether the Fed will deliver a long-speculated increase in December, pushing Treasury yields to their biggest decline in weeks and the dollar to a half percent loss for the week.

Friday, September 23, 2016  11:11


Business - BOJ rate surprise lifts world stocks ahead of Fed

By Vikram Subhedar LONDON (Reuters) - World stocks rose on Wednesday, led by a surge in bank shares, while the yen weakened after the Bank of Japan surprised markets by adopting a target for long-term interest rates. With the global economy showing few signs of rebounding and investors fretting about the limits of major central banks` easing, the BOJ`s move came as a welcome relief for markets. The focus now shifts to the U.S. Federal Reserve policy decision later on Wednesday, with weaker-than-expected economic data prompting investors to call off bets on a rate hike.

Wednesday, September 21, 2016  09:14


Business - Japanese stocks lift Asia, yen falls as BOJ overhauls policy

Japanese stocks rallied and lifted Asian equities on Wednesday, while the yen weakened after the Bank of Japan surprised markets by adopting a target for long-term interest rates in an overhaul of its massive monetary stimulus program. With the global economy showing few signs of rebounding and investors fretting about the limits of major central banks` easings, the BOJ`s move came as a welcome relief for risk asset markets. The Japanese central bank maintained its 0.1 percent negative interest rate, but abandoned its base money target and instead set a `yield curve control` under which it will buy long-term government bonds to keep 10-year bond yields around current levels of zero percent.

Wednesday, September 21, 2016  07:27


Business - Australian port sold for $7.3 billion to group including Chinese fund

Chinese and Australian sovereign wealth funds, along with other investors, on Monday said they will take Australia`s busiest port private for a higher-than-expected A$9.7 billion ($7.3 billion), a sign that tough equity markets are fuelling appetite for infrastructure. The pricetag for Port of Melbourne fell short of the country`s largest privatization deal on record, the A$10.8 billion sale of electricity grid company Transgrid to a global consortium in November 2015, but still ranks among its biggest. `Equity markets are starting to realize that they`re going to live in an environment where returns are going to be lower for longer, and they`re looking for secure investments,` Victoria Treasurer Tim Pallas said in a telephone interview.

Monday, September 19, 2016  11:23

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