Archive for December 2012
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Some hedge funds are calling it quits on one of their biggest trades of the year - shorting French government bonds. Earlier this year many in London's hedge fund industry were lining up bets against
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US securities regulators have made inquiries into the mortgage repurchase practices at Bank of America Corp's Countrywide unit, according to a transcript filed in a lawsuit against the bank by insurer MBIA Inc. The details
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US securities regulators have made inquiries into the mortgage repurchase practices at Bank of America Corp's Countrywide unit, according to a transcript filed in a lawsuit against the bank by insurer MBIA Inc. The details
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India will speed up the sale of stakes in state companies to revive the stock market and will push ahead with reforms aimed at spurring an investment recovery in the flagging economy, Prime Minister Manmohan
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The euro zone may not be done bailing out indebted member states, Finland's Minister for European Affairs Alexander Stubb said in an interview with public broadcaster YLE on Saturday. "We are always trying to end
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Central clearing of derivatives contracts in Europe will probably not start until the end of next year, a German newspaper reported, citing the head of the European Securities and Markets Authority (ESMA). The Boersen-Zeitung cited
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Central clearing of derivatives contracts in Europe will probably not start until the end of next year, a German newspaper reported, citing the head of the European Securities and Markets Authority (ESMA). The Boersen-Zeitung cited
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Edison Mission Energy, a power company that operates in more than a dozen US states, is preparing a possible bankruptcy filing as it tries to restructure about $5 billion in debt, according to a source
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Economic growth is slowing to a worrying degree across the euro zone and not only in the periphery, European Central Bank Governing Council member Erkki Liikanen said in an interview to be published on Sunday
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Greece's economy, expected to slump for a sixth straight year in 2013, may begin to recover in 2014, the country's finance minister said on Saturday. "I believe that after the second half of 2013 we
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