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(27-04-2011)
  • Amazon changes tax practices in Europe as investigations continue: WSJ

    A box from Amazon.com is pictured on the porch of a house in GoldenAmazon.com Inc has started booking revenue from retail sales in individual European countries, instead of channeling all sales through low-tax Luxembourg, the Wall Street Journal reported Sunday. The change was made effective May 1, a company spokesman told the Journal. Amazon said it had started preparing to diversify its retail sales structure two years ago, the Journal reported.


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  • MIDEAST STOCKS-Saudi slips after oil price drop, bomb attack; Egypt up
    (Updates with Saudi Arabia, Egypt open) DUBAI, May 24 (Reuters) - Saudi Arabia's stock market fell in early trade on Sunday after oil prices fell and Islamic State militants carried out their first attack in the kingdom, while Egypt's bourse extended gains after rising above key technical resistance. Brent oil fell $1.17, or 1.8 percent, to $65.37 a barrel on Friday, declining 2.1 percent on the week as a rallying dollar and profit-taking ahead of a long U.S. holiday weekend cut short a two-day rally. Petrochemicals giant Saudi Basic Industries, whose profits are sensitive to oil prices, dropped 2.7 percent and was the main drag on Saudi Arabia's index which lost 0.7 percent.More

  • Wall Street Weekahead - Yellen tone suggests choppiness for markets ahead

    Specialist traders work at a terminal screen on the floor of the New York Stock ExchangeBy Ryan Vlastelica NEW YORK (Reuters) - U.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a bit choppier in coming weeks. Fed Chair Janet Yellen on Friday said she expected the U.S. central bank to raise rates in 2015, though the process was expected to be gradual, with the timing of the first hike dependent on the strength of economic data. Some weak reports have pushed back the expected lift-off, but Yellen's words suggest the Fed is still headed to rate increases later this year.


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  • US stocks fall slightly on lower oil, mixed earnings news

    FILE - In this Aug. 8. 2011, file photo, a Wall Street sign hangs near the New York Stock Exchange. Stocks slipped in early trading Friday, May 22, 2015, as energy companies fell along with the price of oil. (AP Photo/Jin Lee, File)NEW YORK (AP) — The stock market capped a quiet week of trading on a down note.


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  • Wall Street ends lower after Yellen comments fail to inspire

    Traders work shortly after the opening bell on the floor of the New York Stock ExchangeU.S. stocks ended weaker on Friday after Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year, in line with Wall Street's expectations. In a speech, Yellen said a rate hike would be warranted this year if the economy keeps improving as expected. Investors have enjoyed an extended period of low volatility and steady gains, but with the Fed on track to raise rates this year and major indexes near records, the market could get a bit choppier in coming weeks.


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  • Wall St flat, Yellen comments in line with expectations

    Traders work shortly after the opening bell on the floor of the New York Stock ExchangeU.S. stocks were flat on Friday after Federal Reserve Chair Janet Yellen said it would be appropriate to raise interest rates this year if the economy continues on its current path, in line with broad expectations on Wall Street. In a speech, Yellen said the economy was well-positioned for growth and that it would take several years to return to normal interest rates. Yellen is a dove more than a hawk, and she's not in a real rush to raise rates.


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  • Is Twitter Making A Comeback? Some New Treats For Marketers

    Is Twitter Making A Comeback? Some New Treats For MarketersFor anyone who pays attention to the stock market (which I don’t) or the news (which I do), it’s clear that Twitter hasn’t been looking so hot these days. Last month, the social platform fell short of its projected revenue for the first time as a public company. Somewhat embarrassing, right? Twitter’s much younger cousin […]


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  • US STOCKS-Wall St mixed as CPI data sparks rate hike timing doubts
    * Yellen speaks at 1:00 p.m. May 22 (Reuters) - Wall Street was mixed in early trading on Friday as investors digested data that showed rising inflation pressure, casting fresh doubt on when the Federal Reserve would ultimately raise interest rates this year. U.S. consumer prices moderated in April, data showed, but the so-called core consumer price index, which strips out food and energy costs, posted its largest gain since January 2013.More

  • BlackBerry pitches buyback plan to purchase 12 million shares

    The Blackberry sign is pictured in WaterlooWaterloo-based smartphone maker BlackBerry will  buy back 12 million of its own shares, news that sent the company's stock up more than two per cent on Friday. BlackBerry, which has not repurchased any outstanding securities in the last year, said it would present a new employee share purchase program and propose an increase in its equity incentive plan at its annual meeting on June 23. BlackBerry said it would buy the shares, which works out to about 2.6 per cent of its outstanding public float, over the Nasdaq Stock Market or on the Toronto Stock Exchange, subject to approval.


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  • Banks being probed over automated forex deals, report says
    Wall Street banks may face further damaging allegations about their rigging of foreign exchange markets, as New York's banking regulator intensifies a probe into electronic trading, according to the Financial ...More

  • GLOBAL MARKETS-Stocks get that Friday feeling as stimulus trumps growth concern
    World shares neared record highs and bond yields fell on Friday, as investors shrugged off slowing global growth and focused instead on the continued stimulus provided by the world's major central banks. U.S. futures pointed to a slightly positive open on Wall Street, after the S&P 500 hit an all-time high on Thursday. A batch of soft manufacturing data on Thursday from the United States, China and Germany pointed to sluggish global growth but cemented investor hopes that central banks will keep stoking activity.More

  • Asia stocks rally, early US rate hike unlikely

    Asian markets mostly rise following a record close on Wall Street as a US interest rate hike in the near future looks unlikelyAsian markets rose Friday following another record close on Wall Street as the likelihood of a US interest rate hike in the near term dwindled, with Tokyo hitting a new 15-year high.


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  • Japan stock market cap hits record, exceeds 1989 peak

    Pedestrians look at an electronic board showing the various stock prices outside a brokerage in TokyoBy Hideyuki Sano TOKYO (Reuters) - The market capitalisation of shares listed on the Tokyo Stock Exchange's main board hit a record high on Friday, topping a 26-year peak and marking one victory in Prime Minister Shinzo Abe's campaign to jolt the economy out of a long phase of deflation and stagnation. The total market capitalisation of the TSE's first section rose to 591.30 trillion yen ($4.9 trillion), surpassing the previous peak of 590.09 trillion yen hit in December 1989, when share prices hit record peaks at the height of the Japanese asset bubble. Although the TSE's Topix index is still more than 40 percent below its 1989 peak, the market's size grew as the number of listed firms increased to 1,881 from 1,161 back then.


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  • Dutch government set to recommend ABN Amro privatisation
    The Dutch government is set to recommend on Friday that ABN Amro bank return to private hands via a stock market listing -- seven years after it was nationalised during the 2008 financial crisis. Finance Minister Jeroen Dijsselbloem will discuss the matter at a cabinet meeting and then send a letter to lawmakers detailing the plans for ABN, which parliament must then debate and approve. ABN's listing could be the largest listing ever in Amsterdam -- last week the bank reported a book value of 15.6 billion euros ($17.40 billion) at the end of a strong first quarter.More

  • Uber in talks with banks for $1 billion credit facility - WSJ

    Photo illustration of logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street in MadridUber Technologies Inc is seeking a $1 billion credit line from banks, the Wall Street Journal reported, citing people familiar with the matter. The cab-hailing company is in talks with a number of large banks for the loan, asking them how much they would commit and at what terms, the Journal reported, citing the people. An initial public offering is not imminent, the Journal reported, adding that one person said a debut was not expected until next year at the earliest.


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  • Asia stock markets mostly higher, China at 7-year high

    Trader Dudley Devine works on the floor of the New York Stock Exchange Thursday, May 21, 2015. U.S. stocks edged higher in early trading. Energy stocks rose more than the rest of the market as the price of oil climbed. (AP Photo/Richard Drew)HONG KONG (AP) — Most Asian stock indexes rose Friday, with China's benchmark at its highest in seven years, after Wall Street eked out another record close.


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  • Charter in talks with Time Warner Cable over bid likely above $170 per share - WSJ

    A customer leaves a Time Warner Cable store in Palm Springs(Reuters) - Charter Communications is in talks with Time Warner Cable about a bid that is likely to be well above the $170 (108 pounds) per share expected by some analysts, the Wall Street Journal reported, citing people familiar with the matter. Charter had bid about $132.50 per share, or $37.3 billion, for Time Warner Cable last year before being beaten by Comcast Corp , whose all-stock deal was initially worth $158.82 per share. Comcast abandoned its $45 billion offer for Time Warner Cable last month after U.S. regulators raised concerns the deal would have given Comcast an unfair advantage in the cable TV and Internet-based services market.


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  • BlackBerry to buy up to 12 million shares for cancellation

    Man is silhouetted against a video screen with Blackberry logo as he pose with Blackberry Q10 in this photo illustration taken in the central Bosnian town of Zenica(Reuters) - Canadian smartphone maker BlackBerry Ltd said it plans to buy back 12 million shares, sending its stock up nearly 2 percent in extended trading in the United States. BlackBerry, which has not repurchased any outstanding securities in the last one year, said it would present a new employee share purchase programme and propose an increase in its equity incentive plan at its annual meeting next month. BlackBerry said it would buy the shares, representing about 2.6 percent of its outstanding public float, over the Nasdaq Stock Market or on the Toronto Stock Exchange, subject to approval.


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  • FCC chairman reached out to Time Warner Cable, Charter CEOs - WSJ

    Time Warner Cable office is pictured in San Diego(Reuters) - U.S. Federal Communications Commission Chairman Tom Wheeler reached out to the chief executives of Time Warner Cable Inc and Charter Communications Inc to convey that the agency is not against any and all cable deals, the Wall Street Journal reported. Wheeler told the CEOs that any deal would be assessed on its own merits, the newspaper cited people familiar with the matter. No specific deals were discussed in the conversations, according to the Journal.


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  • Wall Street up as near-term rate-hike prospects fade; oil jumps

    Traders work shortly after the opening bell on the floor of the New York Stock ExchangeBy Michael Connor NEW YORK (Reuters) - Global equity markets rose on Thursday, with Wall Street's S&P 500 index closing at a record high as investors bet that U.S. interest rates won't rise soon, while oil jumped more than 2 percent on the view that a global glut may be starting to ease. Trading was muted in many North American markets a day ahead of a speech by Federal Reserve Chair Janet Yellen, who investors watch for indications of how soon the Fed will raise U.S. interest rates from near zero. Wall Street's S&P 500 gained 4.97 points, or 0.23 percent, to end at 2,130.82 points, barely beating its previous record close of 2,129.2 from Monday.


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