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bendjaminstokson posted Stocks drop on Dubai default fears, but off lows | Yesterday
NEW YORK (Reuters) – U.S. stocks fell more than 1 percent on Friday as a possible debt default by a Dubai state-owned conglomerate increased investors' uncertainty about the financial system's strength. U.S. stocks sold off broadly, sliding 2 percent or more at the opening, but selling was...
bendjaminstokson posted Wind Power I.P.O. Lures Big Names | 4 days ago
HONG KONG — China Longyuan Power Group, the largest producer of wind power in Asia, aims to raise as much as $2.2 billion from its Hong Kong initial public offering, according to a preliminary prospectus. Longyuan has landed four cornerstone investors, whose shares are subject to a lockup period...
bendjaminstokson posted US housing concerns weigh on world markets | Nov 19, 2009
LONDON – European stocks pared most of their earlier gains Wednesday after a sharp fall in U.S. housing starts in October fueled concerns that the U.S. economic recovery will not be as strong as many have been expecting. In Europe, the FTSE 100 index of leading British shares was down 6.02 points,...
bendjaminstokson posted Euro zone economy jumps out of recession in Q3 | Nov 14, 2009
BRUSSELS (Reuters) – The euro zone economy jumped out of recession in the third quarter, data showed on Friday, but with slightly less spring than expected after the area's top three economies fell short of market forecasts. Gross domestic product in the 16 countries using the euro rose 0.4...
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