Archive for September, 2015

The Secret To Club Stores' Success: Breaking The Rules Of Retail

September 30th, 2015

The Secret To Club Stores' Success: Breaking The Rules Of Retail

Take every standard lesson about how to sell stuff to people and then break all the rules. That’s the secret to some of the nation’s biggest retail chains.

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Source
Economy : NPR

FOREX-Dollar gets data boost, ends quarter ahead by 0.80 percent

September 30th, 2015

FOREX-Dollar gets data boost, ends quarter ahead by 0.80 percent
* Subdued price data keeps pressure on ECB (Adds details, updates prices)


Source
Reuters: US Dollar Report

Cash helping U.S. fund managers, even as they look to spend it

September 30th, 2015

Cash helping U.S. fund managers, even as they look to spend it
NEW YORK (Reuters) – Stock mutual fund managers who tucked extra cash under their mattresses this year have fared well: Protected from the worst of the recent selloff, they have generally…


Source
Reuters: Money

Carl Icahn says would 'keep cash' given market risks: CNBC

September 30th, 2015

Carl Icahn says would 'keep cash' given market risks: CNBC
NEW YORK (Reuters) – Billionaire activist investor Carl Icahn said on Wednesday that he would recommend investors hold cash given market risks and that he was considering buying “a lot more” shares…


Source
Reuters: Money

Wall Street higher but market set for worst quarter since 2011

September 30th, 2015

Wall Street higher but market set for worst quarter since 2011

Traders work on the floor of the New York Stock ExchangeFor most of the third quarter, global markets were rocked by fears of slowing growth in China. Adding to the uncertainty, the U.S. Federal Reserve held off on raising interest rates at its September meeting. Investors will be keen to put the bruising quarter behind them and look ahead to the third-quarter earnings season, which begins next week.

Source
Stock Markets News Headlines – Yahoo! News

Citigroup, Ashmore approved to buy Saudi stocks directly -sources

September 30th, 2015

Citigroup, Ashmore approved to buy Saudi stocks directly -sources
U.S. bank Citigroup Inc and emerging markets-focused investment manager Ashmore Group have won permission from the Saudi Arabian regulator to invest directly in the local stock market, industry sources said on Wednesday. The kingdom opened its $442 billion equity market, the largest in the Arab world, to direct investment by foreigners on June 15 this year as part of efforts to create jobs and diversify its economy beyond oil. Foreign institutions must obtain licences to invest directly, meeting criteria for size and experience.
Source
Stock Markets News Headlines – Yahoo! News

Nigeria to reissue 10-year bond after JP Morgan index expulsion

September 30th, 2015

Nigeria to reissue 10-year bond after JP Morgan index expulsion
LAGOS, Sept 30 (Reuters) – Nigeria plans to re-issue its five- and 10-year bonds in the last quarter of the year to raise up to 270 billion naira after JP Morgan’s index on Wednesday delisted half of…


Source
Reuters: US Dollar Report

FOREX-Dollar rises on jobs-data lift as euro sags

September 30th, 2015

FOREX-Dollar rises on jobs-data lift as euro sags
* Subdued price pressures keeps pressure on ECB (New throughout, updates prices and market activity, adds quarterly returns details)


Source
Reuters: US Dollar Report

GLOBAL MARKETS-Stocks set to end worst quarter in four years on upbeat note

September 30th, 2015

GLOBAL MARKETS-Stocks set to end worst quarter in four years on upbeat note
* Dollar gets private sector jobs-data lift as euro sags (Adds close of European bond, equity markets)


Source
Reuters: US Dollar Report

UPDATE 1-Fired RBS trader says he was 'scapegoat' for FX fine

September 30th, 2015

UPDATE 1-Fired RBS trader says he was 'scapegoat' for FX fine
LONDON, Sept 30 (Reuters) – A former foreign exchange trader fired by Royal Bank of Scotland said he was a scapegoat and that the state-backed bank had “dishonestly contrived” his dismissal to divert…


Source
Reuters: US Dollar Report