We’re suffering the consequences of too much democracy

Democracy, you could argue, is pretty much like sunshine, cold beer and ice cream. They’re all great —until you have too much. Too much democracy? That’s not possible, is it? In fact it may be. Some economists and political scientists are suggesting as much in the wake of the Brexit vote and the subsequent wave […]

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Fed wants clarity on Brexit’s impact before hiking rates

By Jason Lange and Lindsay Dunsmuir WASHINGTON (Reuters) – Federal Reserve policymakers decided in June that interest rate hikes should stay on hold until they have a handle on the consequences of Britain’s vote on EU membership, according to the minutes of the Fed’s June policy meeting released on Wednesday. The minutes of the June […]

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Nomura CEO aims to finally crack U.S. with shift to M&A advisory

By Thomas Wilson and Emi Emoto TOKYO (Reuters) – Nomura Holdings Inc plans a shift in focus in the United States toward client-oriented services from market-based trading, the chief executive said, in its latest attempt to establish a profitable business in a major overseas economy. Japan’s biggest investment bank will move resources into areas such […]

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ESPN casts shadow over ‘Star Wars’ success at Disney

By Lisa Richwine and Lehar Maan (Reuters) – Walt Disney Co’s (DIS.N) ESPN sports network posted a decline in quarterly profit, overshadowing the blockbuster success of “Star Wars: The Force Awakens,” which lifted the company to record income and topped Wall Street expectations. Investors nervous about the future prospects for Disney and other older media […]

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BMW sales rise 7.5 percent in January on demand in Europe, China

FRANKFURT (Reuters) – BMW (BMWG.DE) reported a 7.5 percent rise in monthly car sales to 152,879 vehicles in January, as growth in Europe and China more than offset a slide in the United States, where winter storms deterred car buyers. “Despite many markets showing continuing volatility, we remain optimistic that this positive trend will continue […]

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BMW sales rise 7.5 percent in January on demand in Europe, China

FRANKFURT (Reuters) – BMW (BMWG.DE) reported a 7.5 percent rise in monthly car sales to 152,879 vehicles in January, as growth in Europe and China more than offset a slide in the United States, where winter storms deterred car buyers. “Despite many markets showing continuing volatility, we remain optimistic that this positive trend will continue […]

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Oil prices rebound from sharp selloff; more volatility expected

By Barani Krishnan NEW YORK (Reuters) – Oil prices seesawed in choppy trade on Wednesday, with U.S. crude slipping and Brent paring gains as worries about a global supply glut offset data showing a surprise drop in U.S. crude stockpiles. Oil prices rallied early, up for the first time in five days, on talk that […]

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Yellen faces tough sell on Fed rate hikes in Congress

By Jonathan Spicer and Ann Saphir WASHINGTON/SAN FRANCISCO (Reuters) – Federal Reserve Chair Janet Yellen will defend the U.S. central bank’s first rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace, when she addresses Congress on Wednesday. Yellen, who is certain to be […]

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Twitter results need to wow to reassure investors

By Abhirup Roy and Supantha Mukherjee (Reuters) – When Twitter Inc reports results on Wednesday, a less than stellar showing could hammer the stock further as a broad selloff in the technology sector has made investors jittery. Twitter’s shares have lost more than two-thirds of their value in the past 12 months and hit a […]

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Twitter results need to wow to reassure investors

By Abhirup Roy and Supantha Mukherjee (Reuters) – When Twitter Inc reports results on Wednesday, a less than stellar showing could hammer the stock further as a broad selloff in the technology sector has made investors jittery. Twitter’s shares have lost more than two-thirds of their value in the past 12 months and hit a […]

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Asia stocks drop as bank concerns smoulder, yen stands tall

By Sam Forgione NEW YORK (Reuters) – Most U.S. shares ended little changed to lower on Wednesday, erasing early gains on concerns about global growth and sliding commodity-related shares, while greater calm surrounding the European banking sector boosted that region’s shares. The benchmark U.S. SP 500 (.SPX) stock index rose as much as 1.6 percent […]

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