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Wall Street little changed at open after 2-day run

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks opened little changed on Friday, after the Federal Reserve’s most recent policy statement sparked the best two-day run for the benchmark SP 500 in three years. The Dow Jones industrial average … Continue reading

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Washington closes out last big position in Wall Street bailout

WASHINGTON (Reuters) – The United States closed out its last big investment taken on during a 2008 bailout of U.S. banks and automakers, selling its remaining shares in the former financing arm of General Motors, the U.S. Treasury said on … Continue reading

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KNM: Falling oil price unlikely to hit earnings

KNM Group Bhd said the global oil price collapse is not likely to hurt its future earnings that much as its order book of RM5 billion will keep it busy for the next two years. “We’re more of an onshore and downstream player. We’re … Continue reading

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Asian markets enjoy best day in 15 months

SYDNEY: Asian shares enjoyed their best day in 15 months yesterday, after Wall Street boasted its biggest two-day advance since late 2011 amid relief that the United States Federal Reserve (Fed) was in no rush to withdraw stimulus from the … Continue reading

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Oil’s slide shakes up the junk-bond market

NEW YORK (AP) — Oil’s slump didn’t just hit the stock market, it’s shaken up the junk-bond market, too. High-yield bonds are on track for their worst drop in a year and a half after investors dumped risky securities issued … Continue reading

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US stocks inch higher after a big two-day rally

NEW YORK (AP) — Oil and gas companies led the stock market up Friday, helping the Standard Poor’s 500 index notch its second-best week this year. With little news to give them direction, traders continued to push indexes higher. That … Continue reading

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Equities extend rally; oil rebounds, helping rouble rise

By David Gaffen NEW YORK (Reuters) – Equity markets worldwide extended the week’s rally on Friday and oil prices rebounded from recent lows, as investors closed out the last full week of trading in 2014 on an upbeat note. Wall … Continue reading

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Hasbro and Xerox are big market movers

NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Teekay Tankers Ltd., down 70 cents to $4.70 The ocean-freight hauler is buying five tankers and … Continue reading

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GLOBAL MARKETS-European stocks set for biggest weekly gain of 2014

to buy Xerox Corp (Swiss: XRX.SW – news) ‘s outsourcing arm. The Japanese yen slipped as risk appetite improved, while most emerging market currencies were steady or stronger. Both Russia’s rouble and the Indonesian rupiah stabilised after selloffs this week. … Continue reading

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GLOBAL MARKETS-European stocks set for biggest weekly gain of 2014

to buy Xerox Corp (Swiss: XRX.SW – news) ‘s outsourcing arm. The Japanese yen slipped as risk appetite improved, while most emerging market currencies were steady or stronger. Both Russia’s rouble and the Indonesian rupiah stabilised after selloffs this week. … Continue reading

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