Archive for November, 2014

Oaktree poised to rebound in next credit cycle: Barron's

November 30th, 2014

Oaktree poised to rebound in next credit cycle: Barron's
NEW YORK (Reuters) – Oaktree Capital Group LLC, the world’s largest asset manager specializing in distressed debt, could rebound sharply in the next credit cycle, Barron’s financial newspaper said in…


Source
Reuters: Money

Antigua's PM names De Niro special economic envoy

November 30th, 2014

Antigua's PM names De Niro special economic envoy

FILE - In this June 11, 2014 file photo, actor Robert De Niro is interviewed by Chris Wallace at the DC Moore Gallery, in New York. The prime minister of Antigua & Barbuda has appointed De Niro as special economic envoy of the twin-island nation in the eastern Caribbean. (AP Photo/Richard Drew, File)ST. JOHN'S, Antigua (AP) — The prime minister of Antigua & Barbuda has appointed actor Robert De Niro as special economic envoy of the twin-island nation in the eastern Caribbean.

Source
Economy News Headlines – Yahoo! News

China plans deposit insurance in long-awaited reform

November 30th, 2014

China plans deposit insurance in long-awaited reform

China has moved closer to introducing deposit insurance, a long-awaited economic reform seen as a way to impose greater market discipline on the country's banksChina on Sunday moved closer to introducing deposit insurance, a long-awaited economic reform seen as a way to impose greater market discipline on the country's banks. The People's Bank of China (PBoC), the central bank, published draft rules for deposit insurance but did not say when they would be implemented. The State Council, or cabinet, has set a one-month period to seek public comment on the rules, the official Xinhua news agency said.

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Economy News Headlines – Yahoo! News

Should you sell stocks? Check junk bonds first

November 30th, 2014

Should you sell stocks? Check junk bonds first
One man’s junk bonds might be another man’s treasure.
Source
Latest financial news – CNNMoney.com

Black Friday Sales Down At Stores, Surge Online

November 30th, 2014

Black Friday Sales Down At Stores, Surge Online

More shopping on Thanksgiving Day diluted the Black Friday numbers somewhat, according to a ShopperTrak survey. A separate survey by IBM showed a nearly 10 percent increase in online sales.

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Business

In Dubai, Shoppers Hit The Malls For 'White Friday'

November 30th, 2014

In Dubai, Shoppers Hit The Malls For 'White Friday'

Many in the international city of Dubai celebrated Thanksgiving and then went shopping. NPR’s Rachel Martin speaks to correspondent Deborah Amos about the new tradition in the city of shopping malls.

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Business

UPDATE 2-Swiss voters reject gold initiative

November 30th, 2014

UPDATE 2-Swiss voters reject gold initiative
* Final breakdown of result expected by 1600 GMT (Adds detail, quotes)


Source
Reuters: US Dollar Report

UPDATE 1-Swiss voters to reject gold initiative – TV projection

November 30th, 2014

UPDATE 1-Swiss voters to reject gold initiative – TV projection
* Final result expected by 1600 GMT (Adds vote projections, quote)


Source
Reuters: US Dollar Report

Swiss voters look set to reject gold initiative – SRF

November 30th, 2014

Swiss voters look set to reject gold initiative – SRF
ZURICH, Nov 30 (Reuters) – Swiss voters looked set to reject two closely-watched referendums on Sunday that would have forced the central bank to buy up massive amounts of gold and introduced strict…


Source
Reuters: US Dollar Report

Thousands rally in Moscow against health care cuts

November 30th, 2014

Thousands rally in Moscow against health care cuts

Protesters pull a cart with a symbolic coffin with the words reading "I did not have room in the hospital" as they march in a street in Moscow, Russia, Sunday, Nov. 30, 2014. At least 5,000 Russians marched on a frosty Sunday afternoon to protest plans to lay off thousands of doctors and close hospitals in Moscow against the backdrop of a flagging economy. The previous doctors’ rally early this month was the first social protest in the country in a decade. The pressure on the Russian budget has intensified as the economy is taking a hit from low oil prices, a drop in the national currency and Western sanctions.(AP Photo/Alexander Zemlianichenko)MOSCOW (AP) — At least 5,000 Russians marched through Moscow on Sunday to protest against plans to lay off thousands of doctors and close hospitals in the capital amid a flagging economy.

Source
Economy News Headlines – Yahoo! News