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Watchdog signals crackdown on “misleading” terms in NZ financial market

Watchdog signals crackdown on “misleading” terms in NZ financial market New Zealand’s financial markets watchdog is planning a crackdown on terms such as “underlying profit” and “normalized profit” that can be used to mislead prospective investors. The Financial Markets Authority (FMA) Friday announced it would issue draft guidance for public consultation next year on the [...]

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Nikkei rises on eased concern over European debt crisis

Nikkei rises on eased concern over European debt crisis Nikkei opened higher Friday, rising from a nearly 3-percent tumble the previous day, as concerns over the European debt crisis eased. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 54.49 points, or 0.64 percent, from Thursday to 8,555.29, a day after [...]

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BOK freezes key interest rates at 3.25 pct

BOK freezes key interest rates at 3.25 pct South Korea’s central bank said Friday it froze the benchmark interest rate at 3.25 percent for November, leaving the 7-day repo rate unchanged for a fifth straight month. The Bank of Korea (BOK)’s decision was in line with market expectations as experts forecast the central bank’s commitment [...]

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Chicago grains extend loss on weak export sales

Chicago grains extend loss on weak export sales Chicago grains further declined on Thursday, continuing the weakness after U.S. released the bearish Supply/Demand report. Besides, lower-than-expected export of U.S. corn and wheat indicated weak demands around the world and thus, added to the negative tone. The most active corn contract for December delivery closed at [...]

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Gold further declines as EU concerns eased

Gold further declines as EU concerns eased Gold futures on the COMEX Division of the New York Mercantile Exchange further declined on Thursday, as market concerns over EU debt crisis were eased after Italy succeeded in its bond auction and a new Greek leader was named. The most active gold contract for Dec. delivery shed [...]

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Dollar falls on emerging confidence

Dollar falls on emerging confidence The U.S. dollar fell against most major currencies in late New York trading on Thursday as fear on Italian debt problems eased and upbeat U.S. economic data also supported the market. The concerns about Italian debt eased on Thursday. The yield on 10-year Italian government bonds fell to below 7 [...]

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Oil rises on U.S. positive job data

Oil rises on U.S. positive job data U.S. crude oil price rose on Thursday as U.S. positive weekly job data boosted market sentiment. The U.S. Labor Department reported the initial jobless claims last week registered a second straight decline, falling 10,000 to 390,000 for the lowest level since April. And the four-week average also dropped [...]

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France extends short-selling ban on financial shares for extra 3 months

France extends short-selling ban on financial shares for extra 3 months French Finance Minister Francois Baroin decided Thursday to extend the short-selling ban on financial shares in France for another three months to avoid speculation in light of worsening eurozone debt crisis. French Financial Market Authority (FMA) regarded the present market condition not stable enough [...]

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HK stocks fall most in 7 weeks, banks slump

HK stocks fall most in 7 weeks, banks slump Hong Kong stocks posted the biggest decline in seven weeks on fears over the Europe’s debt crisis as Italy’s bond yields jumped to levels considered unsustainable. Hong Kong stocks plunged 1,057.17 points or 5.28 percent to close at 18,957.26 on Thursday. The benchmark Hang Seng Index [...]

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Nikkei plunges almost 3 pct on Italy debt fears

Nikkei plunges almost 3 pct on Italy debt fears Tokyo stocks closed sharply lower Thursday, with the benchmark Nikkei stock index falling 2.91 percent to a five-week closing low as a surge in Italian bond yields sparked concerns that debt problems in the troubled eurozone are far from over. Brokers here said that ongoing selling [...]

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