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Global Equity Markets Flatten on Tuesday
Wednesday, October 28, 2009 GMT
Global Equity Markets were flat Tuesday. In the U.S the DJIA was up a mere 14 points while the Bond Market was up on the back of the largest 2 year Treasury auction to date.
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Oil Price At Record Level for 2009
Tuesday, October 27, 2009 GMT
Oil is pretty much the life-blood of the global economy. To a first approximation, the price rises as economic activity and demand climb; so higher prices for crude are seen in some quarters as the herald that better economic times are ahead.
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Bonus Pay Cut Applauded by Obama
Friday, October 23, 2009 GMT
As we reported yesterday, the US Treasury announced plans to cap the pay of top executives from firms that received public money to keep them solvent during the worst of the crisis and have yet to pay it back.
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When Giving No Help Helps
Thursday, October 22, 2009 GMT
The Bank of England monetary policy committee voted unanimously not to pump further money into the UK economy (the strategy known as “quantitative easing”) and to leave interest rates at 0.5%. This move was interpreted by the markets and foreign exchanges as meaning that the UK economy was recovering and was no longer in need of further financial stimulus.
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Profits Up; Jobs Down
Wednesday, October 21, 2009 GMT
Internet giant Yahoo! announced that its Q3 profits had trebled to $186 million, despite a 12% drop in its sales revenue which fell to $1.58bn. This miracle was achieved on the back of drastically reduced operating costs.
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