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Sharemarket follows global markets down Wednesday June 30, 10:51 AM New Zealand shares have followed world stock markets down in a sell-off triggered by a wave of increasing alarm over the global economic outlook. Around 10.20am the benchmark NZX-50
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Some investors believe we are entering into a bear market while others think we are in
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In ferrous metals category (per quintal), copper heavy and copper utensils crashed by Rs 500 and Rs 100 respectively, while brass utensils and brass cuttings also eased by Rs 300 and Rs 500 repectively on thin demand from industrial users. Among non-
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Bank of America Merrill Lynch said Wednesday that Hayley Boesky has been appointed to the newly-created position of vice chairman of global markets. Boesky was a senior officer at the Federal Reserve Bank of New York. Boesky's role will be to
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DuPont Co., the third-biggest U.S. chemical maker, reported a fourth-quarter profit that topped analysts' estimates as job cuts reduced expenses and demand increased for automotive plastics and electronics materials. Net income was $441 million, or
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The data, known as non-farm payrolls – a broad measure of employment which excludes the seasonal agricultural sector, is expected to show that the US economy stopped shedding jobs last month for the first time since it entered recession two years ago.
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In the December issue of the International Monetary Funds� (IMF) Finance & Development magazine, Asian economists also said the region should further diversify its markets, manage dollar reserves more effectively and strengthen banking regulation. "[
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Gold surged to an all-time high above $1,200 an ounce on Wednesday, hitting a record for a second straight day, and Asian stocks advanced as investors chased riskier assets offering higher returns. Spot gold rose 1 per cent to $1,208.70 amid a broad
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US stocks followed global markets lower Thursday on renewed jitters about the pace of economic recovery and a downgrade of key American firms in the technology sector. The Dow Jones Industrial Average slipped 93.87 points (0.90 percent) to end at 10,
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Citigroup said that vice chairman Stephen Volk would be paid a maximum of $5.9 million this year, down from $10.5 million last year, in what was a rare glimpse of the cuts Kenneth Feinberg, the Special Master for Tarp Executive Compensation, has made
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