Dollar edges off seven-week low, China production data in focus

By Dominic Lau TOKYO (Reuters) – The dollar steadied above seven-week lows on Friday but remained vulnerable to more losses if Chinese industrial production data adds to a growing view Beijing was taming its economic slowdown, while Japanese shares are set for a heavy weekly fall. Copper retreated from a near two-month high after unexpected […]

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Robust China Trade Data Lifts Shares, Dollar Weak

By Richard Hubbard LONDON (Reuters) – Signs of resilience in China’s slowing economy on Thursday helped end a 3-day selloff in world equities prompted by talk the U.S. Federal Reserve could soon wind back its stimulus program. China’s reported its exports and imports had rebounded surprisingly strongly in July, easing fears that a slowdown in […]

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3 Reasons the Walmart Empire Is Collapsing

Walmart (WMT) bills itself as a company that sells goods at the lowest prices but the empire was really built on controlling costs. Founder Sam Walton built massive, inexpensively constructed stores in rural areas where the land was cheap. To fill those stores he bought from vendors in bulk quantities, demanding that they give him […]

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Wall Street in 2013 Stokes Misty Memories of 1982

It’s just about the most audaciously optimistic investment opinion one could utter, yet a relative handful of Wall Street voices is beginning to say it, out loud and assertively: This market has passed through a “1982 moment.” That is to say, they believe the stock market has experienced the sort of decisive, powerful liftoff from […]

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Yen strengthens; Asian shares fall to two-week low

By Dominic Lau TOKYO (Reuters) – The dollar extended losses against the yen into a third day on Tuesday as markets questioned their expectations the U.S. Federal Reserve would start scaling back its stimulus as soon as next month, putting Japanese shares on the defensive. Asian shares outside of Japan hit a two-week low and […]

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Global Shares Rise, Dollar Soft as Views of Fed Tapering Shift

By Richard Hubbard LONDON (Reuters) – World shares edged up and the dollar softened on Monday, fuelled by new evidence of modest global growth and a growing conviction that the U.S. Federal Reserve will stick with its massive stimulus effort. The biggest mover in financial markets was the New Zealand dollar, which slumped to a […]

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The $7 Trillion Problem That Could Sink Asia

“It’s our currency, but it’s your problem.” This musing from Nixon-era Treasury Secretary John Connally is about to find new relevance as the White House battles Republicans over raising the U.S. debt limit. Connally couldn’t have foreseen how right he would be 42 years on as Asia sits on almost $7 trillion in currency reserves, […]

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‘Marijuana Is a Vegetable’ and Belongs in the Farmers’ Market: Pot VC

Colorado became the second state to legalize recreational marijuana last November and if one Colorado resident has his way, the plant will soon be sold at the Boulder County Farmers’ Markets, one of the largest farmers’ markets in the state. Justin Hartfield, a marijuana venture capitalist and CEO of WeedMaps, has petitioned Boulder’s mayor, local […]

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Have We Become a Nation of Hamburger Flippers?

At 162,000, the July jobs report fell short of expectations and well shy of “whisper” numbers for payroll figures above 200,000. In addition, job tallies were revised down for May and June and average hourly earnings fell 0.1% in July, the first decline since October. The data disappointed Wall Street economists but are consistent with […]

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World Stocks Rise on Hopes of More Upbeat US Data

HONG KONG (AP) — World stocks were mostly higher as investors awaited key U.S. data later Friday that they hoped would add further evidence of a strengthening recovery in the world’s biggest economy. Investors’ hopes were already raised after a report by the Institute for Supply Management that found U.S. manufacturing activity jumped last month, […]

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