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Updated financial news and economic fundamentals from world financial centers.
Recent PostsA new sense of optimism surrounded WTO negotiations on a new global trade pact Saturday amid hopes of a breakthrough after seven years of deadlock.Ministers from 35 leading nations headed for meetings hoping to finally bridge their differences, with ...
Senate expected to pass foreclosure rescue, mortgage giant backstop to revive housing market.Homeowners struggling to make their house payments could get government mortgage relief under a rescue plan that seeks to revive the chaotic housing market a...
Financial stocks set to lower S&P 500 earnings 13.5 percent during second quarter.Investors already disheartened about the growing problems of the financial sector and the soaring price of oil are facing more depressing news with the release of s...
Fretting over Fannie and Freddie: Investors nervously await action to help mortgage giants.Wall Street and Washington wrestled Friday with how to shore up mortgage giants Fannie Mae and Freddie Mac, two troubled pillars of the economy whose failure w...
Crude briefly jumps past $147 on Middle East tensions; heating oil, gasoline also hit records.It's only July, but it might be time to start loading up on blankets and sweaters. Oil spiked to a new trading record as hostilities rise between the West a...
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