INVESTMENT

HSBC to launch flash China PMI on Feb. 21

HSBC to launch flash China PMI on Feb. 21

HSBC Holdings Plc will launch a flash purchasing managers' index for the Chinese manufacturing sector on Feb. 21, providing one of the earliest available performance indicators for the world's second-largest economy.

Gold hits 5-week high as Mideast concerns simmer

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Gold hit five-week highs in Europe on Friday and silver its strongest since 1980 as growing unrest in the Middle East lifted interest in precious metals, though another reserve requirement hike from China curbed gains.
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Money changer shows some one-hundred U.S. dollar bills at an exchange booth in Tokyo

Stern Advice: Does your money need a mission statement?

There is much said about the need for a clear financial plan to maximize savings for retirement, college and other goals. But before you create that plan, you'll want guidelines to help you write it. It's like this: If your plan is a road map, you need to know where you want to go first, right?
China to expand health coverage to urban population

China to expand health coverage to urban population

China aims to expand its medical coverage to include 90 percent of its urban population by the end of 2011, China's State Council, the cabinet, said on Thursday, in an effort to strengthen the country's weak social safety net.
Investors look at an electronic board showing stock information at a brokerage house in Fuyang, Anhui province

Emerging market equities will bounce back: Analyst

Emerging market equities, which have surprisingly underperformed so far this year, will bounce back and the total return from emerging equities will eclipse those from developed market equities in 2011, according to an analyst.
U.S. President Barack Obama signs stimulus package bill at the Denver Museum of Nature and Science

US Recovery Act saved 4 million jobs in two years: EPI

The Recovery Act, which was introduced by the US government in response to the Great Recession of the last decade, created or saved 3-4 million jobs and up to 5 million full-time equivalent jobs by the end of 2010, according to report.
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World stocks hit 30-month high

World stocks hit a 30-month high on Thursday, driven by strong corporate earnings and cautious optimism on the U.S. economic recovery from the Federal Reserve, while oil prices edged higher on growing political tensions.
ASX

Australia's ASX H1 net up 2.8 percent, eyes SGX deal

ASX Group Ltd (ASX.AX) eked out a small first-half profit growth, but focus was squarely on the completion of Singapore Exchange's (SGXL.SI) $7.9 billion bid for the Australian bourse operator, a move to help the bourses fight growing competition.
A woman walks by the Family Dollar store in Arvada

Family Dollar shares jump on buyout bid

Shares of Family Dollar Stores Inc. (NYSE: FDO) are soaring after the discount retailer confirmed late yesterday that it has received an unsolicited bid from the Trian Group, a New York hedge fund, at a price of $55 to $60 per share.
Booking mug shot of Bernard Madoff

Bernie Madoff: They Had to Know

They had to know, said the jailed former fund manager Bernie Madoff, referring to bankers and investors who should have been able to uncover his Ponzi scheme.
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Geithner: Cut corporate tax rate substantially

Treasury Secretary Timothy Geithner said on Tuesday that the United States needs to cut the corporate tax rate substantially with a goal in the high 20 percent range, down from the current 35 percent. A day after the White House unveiled a budget that seeks to trim the country's massive deficit, Geithner reiterated that the Obama administration
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Gold steadies off 4-week high ahead of U.S. data

Gold steadied on Wednesday ahead of a raft of U.S. data due later, having earlier risen to four-week highs as a retreat in the dollar and concerns over the medium-term inflation outlook helped support the precious metal.
Traders

World Market update 16/2/2011

Futures on major U.S. stock indices point to higher opening on Wednesday ahead of wave of economic data including producer price index and building permits.
India and Japan, two of Asia's largest economies, signed the landmark free trade agreement (FTA) on Wednesday, paving way for the elimination of  tariffs on more than 90 percent of goods traded between the two countries over the next decade.

India-Japan free trade agreement: A win-win deal

India and Japan, two of Asia's largest economies, signed the landmark free trade agreement (FTA) on Wednesday, paving way for the elimination of tariffs on more than 90 percent of goods traded between the two countries over the next decade.

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