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siddiqui123

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  • Wall Street Breakfast: Must-Know News [View article]
    Japan's trade deficit almost tripled last year to ¥6.93T ($78.27B), reflecting the country's problems as it grapples with the strong yen and difficult global economic conditions. In December, exports fell a greater-than-expected 5.8%, outpacing expectations for a 4.7% dip, as shipments to China slipped again and even U.S.-bound exports shrank. Imports rose 1.9%.
    Feb 22, 2013. 02:50 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Japan's trade deficit almost tripled last year to ¥6.93T ($78.27B), reflecting the country's problems as it grapples with the strong yen and difficult global economic conditions. In December, exports fell a greater-than-expected 5.8%, outpacing expectations for a 4.7% dip, as shipments to China slipped again and even U.S.-bound exports shrank. Imports rose 1.9%.
    Feb 22, 2013. 02:50 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    ING (ING) CEO Jan Hommen will step down in October and be replaced by Ralph Hamers, the head of the Dutch bank's Belgian operations. Hamers, who joined ING in 1991, has "an excellent track-record...in leading strategic change processes," ING said. That should come in handy given the massive changes the bank's been going through, including selling billions of dollars of assets. Shares were +0.7% premarket.
    Feb 22, 2013. 02:50 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The European Commission has cut its outlook, predicting the economy will contract by 0.3% this year after shrinking by 0.6% in 2012, and then return to growth of 1.4% in 2014. The EC had forecast the economy would expand by 0.1% in 2013, but tight lending conditions and record unemployment - which is expected to peak at 12.2% - have dashed any hopes of a recovery this year. With inflation seen falling to 1.8%, pressure could rise
    Feb 22, 2013. 02:50 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Italian markets calm ahead of election. Italy is due to hold an election on Sunday and Monday, with the center-left Democratic Party leading in the polls with a projected 34-35% share of the vote, although that's below the 42.5% needed to form a government. Silvio Berlusconi's Freedom Party has recovered to second with 30%, roiling bond and stock markets over the past few weeks. However, today all seems calm - the FTSE MIB was +1.1% at midday in Europe and 10-year bond yields were -4 bps at 4.46%.
    Feb 22, 2013. 02:50 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Warburg Pincus is reportedly considering an IPO for its Bausch & Lomb eyecare unit after efforts to find a buyer fell flat. Big names such as Abbott Laboratories (ABT), Johnson & Johnson (JNJ) and Sanofi (SNY) showed early interest, but Warburg wasn't able to secure a bid of at least $9B.
    Feb 22, 2013. 02:50 PM | 1 Like Like |Link to Comment
  • Should You Invest in Silver Now? 'Rich Dad' Thinks So [View article]
    Gold & Silver, they are hand in hand.
    The world can't live without them.
    Feb 14, 2013. 03:29 PM | Likes Like |Link to Comment
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