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Jim Wes News By Quinta Quivilla
The world financial crisis causes us to pause and reconsider many of the things we quietly accepted over the past years. The news here is intended to help us as we seek to stabilize our governments, our businesses and our personal financial lives.
Jim Wes News >> FINANCE NEWS May 30, 2015 members login here
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Wall St falls on weak economic data, but gains in May
Economic Times - 18 Hours ago
US stocks closed lower on Friday as data showed the economy contracted in the first quarter but indexes still posted gains for the month. Transportation shares also weighed on the market, extending
Wall Street ends down on weak economic data Hindu Business Line
Wall St ends down after weak economic data but gains in May Moneycontrol.com
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Movie-screen giant IMAX China files for IPO in Hong Kong
South China Morning Post - 20 Hours ago
IMAX China, majority-owned by the namesake giant-screen movie theatre equipment maker, has filed for an initial public offering in Hong Kong, looking to benefit from booming entertainment demand in the
IMAX China files for an IPO in Hong Kong South China Morning Post
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UPDATE 1-Brazil's Levy looks beyond austerity to shore up economy
Reuters - 5/29/2015
(Adds Levy and analyst comments) By Caio Saad and Alonso Soto RIO DE JANEIRO/BRASILIA Speaking to business leaders in Rio de Janeiro, Levy said the government plans to announce an agricultural stimulus
Brazil's Levy looks beyond austerity... The Fiscal Times
Brazil's Levy looks beyond austerity to shore up economy Reuters India
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US STOCKS SNAPSHOT-Data weighs on Wall St; indexes post May gains
CNBC - 5/29/2015
NEW YORK, May 29 (Reuters) - U.S. stocks fell on Friday as data showed the economy contracted in the first quarter, though major indexes still posted their best month since February. The Dow
Wall St. ends down after weak economic data but gains in May Reuters UK
Data weighs on Wall St.; indexes post May gains Reuters UK
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US STOCKS-Wall St slips on weak economic data
Reuters UK - 5/29/2015
* GDP revised to show economy contracted in Q1 * Consumer sentiment, PMI fall in May * Humana hits record on takeover interest, insurers gain * Altera hits 15-year high on report on Intel interest
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UPDATE 3-Canada economy contracts by most in 6 years in first quarter
Reuters - 5/29/2015
(Adds details, comments and background) By Leah Schnurr OTTAWA Growth in March was also disappointing, suggesting a weaker handoff to the second quarter than anticipated. This prompted analysts to
Economy has worst decline in almost 6 years Daily Herald Tribune
Canada economy contracts by most in 6 years in first quarter Economic Times
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US STOCKS-Wall St lower after first-quarter GDP contraction
Reuters UK - 5/29/2015
* Q1 GDP data shows economy contracted * Consumer sentiment fell in May * Intel biggest boost to Dow, S&P * United Rental falls after BofA downgrade * Indexes down: Dow 0.58 pct, S&P 0.47 pct,
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UPDATE 2-Canada economy has worst contraction in 6 yrs in first quarter
Reuters UK - 5/29/2015
(Adds analysts' quotes, market reaction) By Leah Schnurr OTTAWA May 29 (Reuters) - Canada's economy suffered its biggest contraction in nearly six years in the first quarter with business investment
Canada economy has worst contraction in six years in first quarter Yahoo! News
Canada economy has worst contraction in 6 yrs in first quarter Yahoo! Finance
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US STOCKS-Wall St lower after GDP data shows contraction
Reuters - 5/29/2015
* Q1 GDP data shows economy contracted * Corporate earnings post biggest fall in a year * United Rental down 3 pct, weighs on industrials * Altera near 15-year high of report of Intel interest * Indexes
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US STOCKS-Wall St futures unchanged, set for lower open after GDP data
CNBC - 5/29/2015
* Q1 GDP data shows economy contracted * Corporate earnings down 8.7 pct * Altera up on report of Intel takeover interest * Futures down: Dow 47 pts, S&P 5.5 pts, Nasdaq
Wall Street opens marginally lower after GDP data Yahoo! Maktoob News
Wall Street futures unchanged, set for lower open after GDP data Yahoo! Finance
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UPDATE 2-Brazil's economy shrinks in 1st quarter, recession seen
CNBC - 5/29/2015
(Adds data, quotes) BRASILIA, May 29 (Reuters) - Brazil's economy shrank 0.2 percent in the first quarter, setting the stage for a likely recession this year as companies slash investments and
Brazil's economy shrinks in 1st quarter, recession seen Sharenet
UPDATE 1-Brazil's economy shrinks in 1st quarter, recession seen Reuters
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UPDATE 1-Canada economy unexpectedly contracts in Q1, investment dips
Reuters - 5/29/2015
OTTAWA The 0.6 percent decline in the annualized rate for gross domestic product in the first three months was far off the mark of expectations for growth of 0.3 percent, and marked a significant slowdown
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UPDATE 1-Swiss economy contracts in first quarter after franc cap dropped
Reuters - 5/29/2015
(Adds data, context) ZURICH Gross domestic product (GDP) fell by 0.2 percent quarter on quarter compared to revised growth of 0.5 percent in the previous quarter. Analysts polled by Reuters had forecast
Swiss economy contracts in first quarter after franc cap dropped Yahoo! Finance
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PRESS DIGEST - Wall Street Journal - May 29
Reuters UK - 5/29/2015
May 29 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * The New York Stock Exchange is preparing a new plan
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People's Bank of China calls for more reform to foster capital markets development
South China Morning Post - 5/29/2015
The People's Bank of China on Friday called for a "healthy" development of the country's stock market, a day after a slide in mainland Chinese and Hong Kong equities seemed to have been arrested. The
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US economy contracts as dollar rise hits profits
South China Morning Post - 5/29/2015
The US economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity has rebounded modestly. The government yesterday slashed
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Wall Street opens marginally lower after GDP data
Yahoo! Finance - 5/29/2015
(Reuters) - U.S. stocks opened marginally lower on Friday after data showed that the economy contracted slightly less than expected in the first quarter. The Dow Jones industrial average (.DJI) fell
Wall St opens marginally lower after U.S. GDP data Sify
Wall Street futures unchanged, set for lower open after GDP data Reuters UK
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Market correction led to short selling of financial stocks
South China Morning Post - 5/29/2015
The short selling of Hong Kong stocks over the past two days was largely related to Thursday's sharp market correction, with financial institutions and Hong Kong Exchanges and Clearing (HKEx) among the
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'Gorilla' of Wall St breaks his silence
Sydney Morning Herald - 5/29/2015
After nearly seven years of public silence, Richard Fuld jnr, the former chief executive of Lehman Bros, had a lot to say. In a rambling speech on Thursday at the Marcum MicroCap Conference at the Grand
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How bank stocks have spoilt us rotten
Sydney Morning Herald - 5/29/2015
Far be it for me to rub it in but if you bought any bank shares two months ago you'll have lost more than they'll pay in dividends this year. Anyway, considering they've been written off by brokers as
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Australia's fiscal position 'rather rosy'
Sydney Morning Herald - 5/29/2015
There's been a lot of discussion about Australia possibly losing its prized AAA rating as a return to a budget surplus gets pushed back further. But Capital Economics reckons that markets don't really
AAA credit rating: Markets don't care Melbourne Age
AAA credit rating: Australia's fiscal position 'rather rosy' WA Today
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Markets Live: Banks buoy ASX
Sydney Morning Herald - 5/29/2015
Live article connection interrupted. Please refresh your browser Sort comments by: No new comments "Economic outlook slips 'from bleak to recessionary" Housing boom! Commenter Allan Location
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Wall Street slightly off as dollar while margin rules tightening in China depresses
South China Morning Post - 5/29/2015
The US dollar on Thursday hit its highest against the yen since 2002 while stocks fell after Chinese brokerages tightened margin rules and the IMF head played down talk of an imminent deal to keep Greece
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UPDATE 1-Fed's Kocherlakota: 'I regret my lack of persuasiveness'
Reuters - 5/28/2015
* Kocherlakota has wanted easier policy than colleagues since 2012 * 'I hope they are right, and I am wrong,' he says * Plans retirement in early 2016 (Adds comments, details) HELENA, Montana, May
Fed's Kocherlakota: 'I regret my lack of persuasiveness' Yahoo! Finance
FED'S KOCHERLAKOTA : 'I regret my lack of persuasiveness' on rates 4 Traders
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US STOCKS SNAPSHOT-Wall St dips on Greek angst, but off lows
Reuters UK - 5/28/2015
NEW YORK May 28 U.S. stocks slipped on Thursday as mixed messages about Greece's debt talks kept investor uncertainty high, while a sharp drop in Chinese indexes after brokers tightened margin rules also
Wall St. inches down on Greece, China worries Reuters UK
Wall St dips on Greek angst, but off lows Sharenet
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