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Aug 20, 2011

REUTERS News, Aug 20, 2011


PIMCO: Treasuries reflect likelihood of recession
Reuters
By Jennifer Ablan and Daniel Burns NEW YORK (Reuters) - Bill Gross, manager of theworld's largest bond fund, said on Friday the decline in Treasury yields to 60-year lows reflect a high probability of recession in the United States. ...
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Reuters
GLOBAL MARKETS-Gold sets record high, global stocks slip further
Reuters
26 in Jackson Hole, Wyoming, for hints on how policymakers plan to address the recent turmoil in financial markets. Bill Gross, manager of the world's largest bond fund at Pacific Investment Management Co, said the rally in Treasury yields to 60-year ...
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US STOCKS-Wall St slides as HP's view adds to uncertainty
Reuters
By Caroline Valetkevitch NEW YORK, Aug 19 (Reuters) - US stocks fell on Friday as Hewlett-Packard's (HPQ.N) weaker outlook and corporate shakeup added to the uncertainty for investors. Investors have been worried that the United States and the global ...
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GLOBAL MARKETS-Stocks extend rout, gold soars
Reuters
By Anirban Nag LONDON, Aug 19 (Reuters) - A selloff in global stocks gathered pace on Friday, reflecting mounting concerns the US economy is heading into another recession and as some European lenders faced a short-term funding crunch, highlighting the ...
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SE Asia Stocks-Tumble on global growth concerns
Reuters
By Viparat Jantraprap BANGKOK, Aug 19 (Reuters) - Southeast Asian stock markets tumbled on Friday, with index heavyweights coming under selling pressure as investors shifted money out of riskier assets because of worries over slowing global growth. ...
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Europe shares extend sell-off as recession looms
Reuters
By Harro ten Wolde FRANKFURT, Aug 19 (Reuters) - European shares flirted with two-year lows on Friday, extending the previous session's sharp sell-off, as fears of a global recession and a short-funding crunch for regional banks intensified. ...
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Tumbling dice as investors fear recession
Reuters
Primary dealers set the chances of QE3 in the next six months at less than 40 percent in a recent Reuters poll. That may be one reason that investors have felt free to dump riskier assets at a sometimes alarming rate this month. ...
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Reuters
COMMODITIES-Gold surges to record; dollar's loss is oil's gain
Reuters Africa
The Reuters-Jefferies CRB .CRB, a global benchmark for commodities, rose 0.9 percent, reversing half the previous day's losses and ending the week up 0.9 percent -- its biggest gain in six weeks. Most markets had already settled before the S&P index . ...
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FOREX OUTLOOK-Dollar drops but respite in sight if economy dims
Reuters
By Julie Haviv NEW YORK, Aug 19 (Reuters) - The US dollar plumbed a record low against the yen and weakened against the euro on Friday, but respite may be in sight for the greenback if the globaleconomic landscape gets gloomier and feeds a safe-haven ...
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Fall in funding raises question mark over future of global fight against Aids
The Guardian (blog)
A funding drop has raised concern about the long-term future of the global fight against Aids and HIV. Photograph: Jon Hrusa/Pool/Reuters International funding for Aids programmes in developing countries across the world dropped by 10% in 2010, ...
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The Guardian (blog)
EMERGING MARKETS-Latam stocks fall on US recession fears
Reuters
By Michael O'Boyle and Luciana Lopez MEXICO CITY/SAO PAULO, Aug 19 (Reuters) - Latin American stocks fell on Friday as deepening fears of a US recession and a wider financial crisis that could result from Europe's debt troubles kept investors cautious. ...
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European Factors-Shares to extend steep sell-off on growth concerns
Reuters
LONDON, Aug 19 (Reuters) - European shares were expected to slip further on Friday after steep declines in the previous session on growing concerns that the US economy was heading towards recession and some European banks faced short-term lending ...
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HOW TO PLAY IT: Market turmoil shakes up investor options
Reuters
We talked to some advisers about real-world options, geared to clients' risk tolerance. By Joseph A. Giannone and Jessica Toonkel NEW YORK Aug 19 (Reuters) - Income-generating stocks and bonds can provide stability and reassurance during volatile ...
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Super rich still making money in crisis
Reuters
By Christopher Vellacott LONDON (Reuters) - Financial advisers to the world's richest people report some of their top clients have continued to make money throughoutrecent market turmoil by harnessing sophisticated investments out of reach to ...
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Reuters
Canada seen raising rates in 2012 despite Fed: Reuters poll
Reuters Canada
The rest said the bank would lift rates in 2012 or even later, delaying its next move largely due to decelerating global economic growth and the US Federal Reserve's pledge to keep rates low for two years. The Bank of Canada was the first central bank ...
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Flaherty says world economy still growing slowly
Reuters Canada
By Randall Palmer and David Ljunggren OTTAWA (Reuters) - The world economy is still growing slowly, although Europe and the United States need "difficult and bold action" to rein in deficits, Finance Minister Jim Flaherty said on Friday. ...
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Analysis: Investor frostiness to palladium will thaw
Reuters
By Amanda Cooper LONDON (Reuters) - The darkening economic outlook this month has sent investors out of the palladium market in droves, but the coming months of uncertainty are likely to be more of a cooling-off period than an end to their romance with ...
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TEXT-Colombia central bank statement on interest rates
Reuters
BOGOTA Aug 19 (Reuters) - Colombia's central bank board held its benchmark interest rate on Friday at 4.50 percent after six straight rate hikes this year. Analysts had been divided over whether the bank would hike its key interest rate or keep it ...
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Green firms feel pinch of economy woes
Reuters
By Nina Chestney LONDON (Reuters) - Global economy woes which have gripped financial markets have made raising capital difficult again for some environmental technology firms, according to Vivek Tandon, co-founder of London-based Aloe Private Equity. ...
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PRECIOUS-Gold set for biggest weekly rise since 2008
Reuters
The latest gold rally came as fresh fund buyers were attracted to the market, analysts said. Theworld's largest gold-backed exchange-traded fund, New York's SPDR Gold Trust , said on Thursday its holdings rose by nearly 15 tonnes from the day before. ...
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US STOCKS-Economic worries hobble futures
Reuters
US futures followed declines in Asian and European markets that took a gauge of world shares near an 11-month low on fears the global economy is stalling. * The worsening economic outlook and worries about the strength of European banks helped lift ...
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RPT-UPDATE 1-Autonomy/HP deal spotlights data analysis
Reuters
The amount of data in the world is doubling every two years and is expected to reach 1.8 zettabytes this year, equivalent to every global citizen having 215 million high-resolution MRI scans every day, according to IT research firm IDC. ...
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Stocks fall, gold rises as Wall Street gets jitters about world economy
New York Daily News
Stocks crumbled and gold chugged higher Friday as nervousness about the health of the global economy kept investors on edge. The late-day drop in stocks followed a vicious selloff on Thursday, sparked by a stream of downbeat economic data and fresh...
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New York Daily News
Yingli profit beats Wall St, sees sector bounce
Reuters
By Matt Daily NEW YORK, Aug 19 (Reuters) - Rosy earnings from Chinese solar panel maker Yingli Green Energy (YGE.N) on Friday stood in stark contrast to the dismal reports from its rivals, and the company said market signs pointed to a rebound in the ...
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Argentine factory output eases, growth stays strong
Reuters
[ID:nN1E76C1HA]. High global commodities prices are helping fuel growth in Argentina, the world'sbiggest exporter of soyoil and soymeal and the No. 2 global corn provider after the United States. Increased state spending before October's presidential ...
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A “Global” War on Terror: Multilateral Achievements since 9/11
Council on Foreign Relations (blog)
by Stewart M. Patrick A student lifts a placard as he and others line up to take part in a march to condemn the recent bomb attacks in the city (Danish Siddiqui/Courtesy Reuters). As we approach the tenth anniversary of the September 11 terrorist ...
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