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Financial News Stories

Ashmore appoints Sfakianakis regional director for GCC

DUBAI (Reuters) – London-based fund manager Ashmore Group Plc has hired prominent investment strategist John Sfakianakis to establish its first Middle East office in Riyadh, months before Saudi Arabia opens its stock market to direct foreign investment. Sfakianakis was appointed … Continue reading

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Stocks fall, bonds rise on Hong Kong unrest

By Herbert Lash NEW YORK (Reuters) – Global equity markets fell on Monday as civil unrest in Hong Kong weighed on investor sentiment, while U.S. Treasury debt prices rose over uncertainty sparked by the protests. Stocks on Wall Street opened … Continue reading

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RBI expected to sound neutral, hold rates steady

By Rafael Nam and Suvashree Choudhury MUMBAI (Reuters) – The Reserve Bank of India is widely expected to keep interest rates on hold on Tuesday as Governor Raghuram Rajan pursues his quest to conquer inflation, encouraged by signs that upward … Continue reading

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SoftBank, DreamWorks Animation talks cool

(Reuters) – Japan’s SoftBank Corp’s 9984.T talks to acquire Hollywood studio DreamWorks Animation SKG Inc have cooled, the Wall Street Journal reported, citing people familiar with the matter. DreamWorks Animation shares were down about 9 percent in extended trading. Shares … Continue reading

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Ford lowers 2014 pretax profit forecast to $6 billion

By Bernie Woodall DEARBORN (Reuters) – Ford Motor Co (F.N) has lowered its expectation for pretax profit this year to $6 billion, from its previous forecast of $7 billion to $8 billion, the automaker’s chief financial officer told investors on … Continue reading

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We’re positioned to meet demand: GoPro CEO

GoPro (GPRO) shares hit a new all-time high Monday, as the camera-maker unveiled models it hopes make a lot of holiday wish lists. While the company has had supply constraints in the past, founder and CEO Nick Woodman told CNBC … Continue reading

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Forget Hong Kong and Pimco — junk is driving this market

Never mind Hong Kong protests, Pimco’s palace intrigue or violent clashes in the Middle East. The crucial influence on our markets now is what investors are willing to pay for junk. The high-yield, or junk bond, market has been the … Continue reading

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Israeli entrepreneurs play both sides of the cyber wars

Last year, the founders of an Israeli startup that sells phone hacking technology to governments realized they had not one business, but two. NSO Group, which was created by Omri Lavie and Shalev Hulio, sells offensive cyber capabilities that allow … Continue reading

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Asian stocks on edge as HK seethes, U.S. dollar shines

By Hideyuki Sano TOKYO (Reuters) – The dollar hit a four-year peak against a basket of currencies in early Asian trade on Monday, bolstering Japanese shares, but other Asian shares shrugged off Friday’s Wall Street rebound in the face of … Continue reading

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NHPC, state-run financial firms gain on S&P

Reuters Market Eye – NHPC gains 1.5 percent after SP raises outlook to “stable.” State-run financial firms such as State Bank of India also gain after being similarly upgraded. Upgrades come after SP raised India’s outlook to “stable” from “negative.” … Continue reading

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Financial News

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