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...a ‘U’ or ‘V’ shaped recovery,” said Jane Foley, senior currency strategist at Rabobank....
...It is not immediately obvious that there will be closer economic ties with the United States, although Trump may well aim for that....
...In June, the Office of the Comptroller of the Currency noted that the average amount of an auto loan was greater than the value of the car during the fourth quarter of 2013, as lenders bundled the costs...
...Home prices in Beijing decelerated to a 6.4 per cent yearly increase, from 7.7 per cent. In Shanghai the pace cooled from 9.6 to 7.0 per cent....
...(Financial Times) “U.S. prosecutors are seeking more than $13 billion from Bank of America to resolve federal and state investigations of the lender’s sale of bonds backed by home loans in the run-up to...
...of the U.S....
...(Reuters) “Exxon Mobil Pipeline faces a fine of nearly $2.7 million for a pipeline spill of thousands of barrels of Canadian crude oil in an Arkansas suburb last spring, the U.S. pipeline safety office...
...(Financial Times) “Business bankruptcy filings in the United States dropped 24 percent in 2013 to their lowest level since at least 2006, according to a report on Monday....
...mom-and-pop investors who have dominated the municipal-bond market for decades flee amid deepening fiscal problems in many U.S. cities and states.”...
...(Reuters) India’s main opp party, the BJP, “is set to win four of five state elections held over the past month, wresting power from the ruling Congress party in one area and giving it momentum ahead of...
...of dollars in tax....
...madness (WSJ) “The decision by a NY bank to close Cuba’s checking account in the United States has presented an unusual diplomatic quandary” (Reuters) OVERNIGHT MARKETS Asian markets Nikkei 225 down...
...(Financial Times) “Barclays joined UBS and Bank of America in forecasting a Hong Kong property slump, predicting home prices will fall at least 30 percent by the end of 2015 as income growth stalls and...
...(WSJ) “Some banks in the U.K. are talking with regulators and drawing up internal plans on how they would cope if the U.S. fails to increase its borrowing limit [with some saying] they have been stockpiling...
...Asia to expand by 7.1 percent this year and by 7.2 percent in 2014, down from its April estimate of 7.8 percent and 7.6 percent, respectively [and] expects the Chinese economy to expand by 7.5 percent this...
...(Financial Times) “U.S....
...relief) as part of a deal with US state and federal authorities....
...A purchase of ICBC shares yesterday raised Temasek’s stake to 7.04% from 6.71%. The Singaporean state-owned investment company also bought a 10% stake in Markit yesterday....
...(WaPo) Tesla grapples with impact of battery fire in U.S....
...-0.47 at 94.54 100 Oz Gold (Comex) unchanged 0.00 at 1,379...
...(Financial Times) (NYT) “A U.S. regulator filed lawsuits against Morgan Stanley and eight other banks over the sale of nearly $2.4 billion in mortgage-backed securities to two credit unions that later failed...
...China offered on Tuesday to talk with the United States about cyber security amid an escalating war of words between the two sides on computer hacking, but suspicion is as deep in Beijing as it is in Washington...
...Currencies €/$ 1.33 (1.33) $/¥ 88.13 (88.78) £/$ 1.61 (1.61) Commodities ($) Brent Crude (ICE) up +0.36 at 110.66 Light Crude (Nymex) up +0.29 at 93.57 100 Oz Gold (Comex) unchanged 0.00 at 1,683 Copper...
...€/$ 1.30 (1.30) $/¥ 82.08 (82.05) Commodities Brent Crude (ICE) up +1.22 at 110.73 Light Crude (Nymex) up +1.09 at 87.58 100 Oz Gold (Comex) up +7.40 at 1,724...
...It now has a record 12.9 percent share of goods imported by the United States, just short of China....
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