Tag: market
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Yen up after attacks in Germany, Turkey, stocks steady on Yellen comments
The safe-haven Japanese yen was up in early Asian trade on Monday after attacks in Germany and Turkey spooked investors, while regional stocks were steady as financial markets pondered upbeat comments from the Federal Reserve Chair Janet Yellen. Traders were also looking ahead to the Bank of Japan's rates decision later in the day, and…
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Yen spikes to 18-month peak, Amazon softens Apple blow
The yen surged to an 18-month peak on Friday as investors wagered the Bank of Japan might be done adding fresh stimulus to the economy, hurting prospects for Japanese exporters with a move that rippled through share markets across the Asian region. Perhaps taking advantage of Japan's absence for a holiday, speculators smashed through the…
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Wells Fargo plans quiet assault on Wall Street from glass tower
As Wall Street remakes itself on a former rail yard in the far west of Midtown Manhattan, one surprising name is leading the way. Wells Fargo & Co , the San Francisco-based lender known for its retail banking business, has picked out space for a trading operation to use as a base for a stealth…
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Warren Buffett defends 3G, touts economy in record year for Berkshire
Warren Buffett on Saturday used his annual letter to Berkshire Hathaway Inc shareholders to launch vigorous defenses of an aggressive private equity partner and a maligned mobile home unit, as his conglomerate recorded robust profits. The world's third-richest person and a revered investor, Buffett also injected himself into the contentious 2016 U.S. presidential campaign, lambasting…