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232 words The Nasdaq Composite Index reached the 5,000 points in intraday session on March 2, 2015, a first time since the internet stock bubble collapsed 15 years ago. As a result, everyone keeps asking the same question: is there a ...
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224 words Investing in Russia is so crazy, it just might work, a January 2015 paper from Bloomberg said. The ongoing crisis in Ukraine, the negative impact of western sanctions and the growing tension in politics with the killing of opposition ...
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154 words In accordance with the principles shared by the “overwhelming” majority of the nearly 4 million commenters who participated in the Open Internet proceeding, the US Federal Communications Commission (FCC) adopted “strong, sustainable rules to protect the open internet.” Because ...
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219 words Greece and the euro area came to the brink of collapse. That’s what both Greek and European officials have repeated after the 10-day drama led finally to a so-called in extremis deal that kept Greece into the common currency zone ...
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235 words After recent demonstrations, “people in Hong Kong also needed something deeper, more practical to their lives,” Tommy Cheung, one of the organizers and student leaders of the Umbrella Movement, told VOA. The state-sponsored US news network echoed singer Common’s ...
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431 words “Iraq first, France next!” once read bumper stickers and t-shirts calling for the United States to invade France after the government of former President Jacques Chirac opposed, along with Germany, the US-led invasion of Iraq in 2003. Given the ...
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276 words According to a report written in 2010 and 2011, the GCHQ and the NSA hacked SIM card encryption keys engraved in French company Gemalto (GTO). The announcement caused the GTO stock to slump by more than 9 percent in ...
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397 words 2014 has been the worst year in the two last decades for China’s growth. With just 7.2 percent, China’s economy has grown so much that it’s now time for it to shift from an export economy to a more ...
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971 words Scott Uehlinger, a US Service Academy graduate, served ten years in both the US Navy and merchant service. Entering the Central Intelligence Agency (CIA) in 1996, he served abroad in US embassies located in the former Soviet Union for ...
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302 words In January 2015, media multiplied press articles warning that oil prices would likely fall to $30 a barrel soon. Our staff had written a month before that it might indeed drop to $40. We were quite right since the ...
Bill Gross, the Janus Capital fund manager and Pimco founder, told CNBC that the NASDAQ hitting 5,000 represents “a little bit of a bubble.” Today’s situation is not the same as it was in 2000, but it’s “certainly an overvaluation that might, at some point, be corrected,” Gross said.
In these times of all-time highs, getting more liquid could be the best coverage strategy. The situation on the financial markets indicates that overbuying is getting so strong that at least a quick but biting correction gets likely. Liquidity is your ability to reposition.
“Iran trains, arms and dispatches terrorists on 5 continents (…) this is what Iran is doing now without nuclear weapons. Imagine what Iran would do with nuclear weapons,” tweeted Israeli Prime Minister Benyamin Netanyahu while visiting Washington DC.
Boris Nemtsov was shot and killed on February 27, 2015 on a bridge near the Kremlin in Moscow. He worked in the Government of Russia as Minister of fuel and energy (1997), Vice Premier of Russia and Security Council member from 1997 to 1998. Since 2000 he had been an outspoken critic of President Vladimir Putin.
Moody’s Investors Service has downgraded to Baa2 from Baa1 the rating on the City of Chicago. The negative outlook reflects Moody’s expectation that the city’s credit quality could weaken as unfunded pension liabilities grow and exert increased pressure on the city’s operating budget. The outlook on the long-term ratings remains negative.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI), prepared by Markit, fell to 51.2 in February from 52.9 in January. The reading was the lowest since September, making it however the 16th straight month of growth in activity.
According to Henry To, contributor to Forbes, there are three (other) reasons why the Fed will not begin a new rate hike cycle this year. 1. The Fed is still haunted by its policy mistakes during the 1930s. 2. U.S. inflationary pressures are still subdued. 3. Interest rates need to stay low in order for the U.S. government to service its increasing debt levels.
“The (joint NSA-GCHQ hacking) operation very probably happened,” Chief Executive Olivier Piou of Gemalto told a news conference, but “it’s difficult to prove our conclusions legally, so we’re not going to take legal action.”
“The problem today is particularly around Mariupol, Ukraine. We’ve told the Russians clearly that if there was a separatist attack in the direction of Mariupol things would be drastically altered, including in terms of sanctions,” French Foreign Minister Laurent Fabius told France Info radio.
The consumer price index (CPI-U) fell 0.7 percent in January 2015, the sharpest drop since December 2008, the Labor Department said. The gasoline decrease was overwhelmingly the cause of the decline in the all items index, which would have risen 0.1 percent had the gasoline index been unchanged, added the BLS.Get more In Brief...