Finance News - Congoo

March 22 (Bloomberg) -- Stocks dropped and the oil price slid for a third day after a surprise interest-rate increase in India fanned concern the global recovery will stall as economic stimulus programs

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GLOBAL MARKETS-Asia stocks dip on Greece woes; euro at 3-wk low - 4 Hours ago

* Asia stocks fall on worries over Greece's debt woes * Euro near 3-week low vs dollar ahead of EU summit * Surprise India rate hike curbs risk appetite * Asian sovereign credit default swaps widen SINGAPORE,

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Toyota shareholders sue over fallen stock price - 5 Hours ago

(Beijing Time) SINA.com Toyota shareholders incensed over a sudden drop in the Japanese automaker's stock price are heading to court with lawsuits claiming company executives deliberately misled investors

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BSE Sensex eases, bonds weaken after surprise rate rise - 4 Hours ago

MUMBAI (Reuters) The BSE Sensex eased and bond yields rose to 18-month high on Monday as investors braced for further interest rate rises after the Reserve Bank of India (RBI) unexpectedly lifted rates

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Stock futures signal losses; eyes on pharmas - 2 Hours ago

(Reuters) - Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.52 percent, Dow Jones futures down 0.38 percent and Nasdaq 100 futures down 0.47 percent.

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U.S. Chamber toughens China stand - 10 Hours ago

Senior U.S. Chamber of Commerce official is expected to turn up heat on Beijing. STORY HIGHLIGHTS The U.S. Chamber of Commerce to take a tougher stand against China on trade The powerful business group

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Citi to Double Team Helping Institutional Hedge Fund Investment - 10 Hours ago

March 22 (Bloomberg) -- Citigroup Inc., the bank 27 percent owned by the U.S. government, plans to double the size of a team helping pension and government-backed funds manage direct hedge fund investments,

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Bernanke Says Public Shouldnâ??t Pay to Wind Down Financial Firms - 8 Hours ago

March 22 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said any mechanism to dismantle firms deemed too big to fail must avoid disruptions to the financial system while imposing costs on shareholders

From b-list to power broker - 8 Hours ago

In the battle over home video distribution, the Hollywood studios may finally be realizing they have to give up some control, or risk losing millions. Earlier this month, Disney (DIS) announced that it

Neptune Orient to Boost Capacity 7% on Rebounding Trade, Rates - 10 Hours ago

March 22 (Bloomberg) -- Neptune Orient Lines Ltd., owner of Southeast Asias largest container line, plans to boost capacity about 7 percent this year as a rebounding global economy revives trade and freight

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More China brokerages set for margin trade by May -paper - 11 Hours ago

SHANGHAI, March 22 (Reuters) - A second batch of brokerages will probably get approval to conduct margin trading and short selling of stocks in time to start such business in May, state media said on

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HK shares may ease on Wall St drop, Greece debt woes - 11 Hours ago

HONG KONG, March 22 (Reuters) - Hong Kong shares may ease on Monday, as investors could be discouraged by losses on Wall Street on Friday and renewed worries over Greece's debt problems that could stymie

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Asian Stocks Fall the Most in a Week on Concern Over Stimulus - BusinessWeek - 5 Hours ago

Asian Stocks Fall the Most in a Week on Concern Over StimulusBusinessWeekCnooc Ltd., the country's biggest offshore oil explorer, sank 2.5 percent to HK$12.34, while in Sydney, Santos Ltd., Australia's

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Pre-IPO bonanza for Athabasca backers - 4 Hours ago

DAVID MILSTEAD T What's that, you say? You don't own any? You don't know anyone else who owns any? The company hasn't even gone public yet? That, my friends, is all part of the plan. Athabasca Oil Sands