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Banks Face More Economic Challenges Ahead, Warns KPMG

It is simply impossible for banks to satisfy the conflicting requirements to strengthen capital ratios to satisfy regulators, while simultaneously increasing lending to businesses to stimulate economic...

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German Private Sector Output Falls at Faster Rate During August

At 47.0 in August, down from 47.5 during July, the seasonally adjusted Markit Flash Germany Composite Output Index posted below the 50.0 no-change value for the fourth consecutive month. The latest...

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US Manufacturing Expansion Remains Weak in August

The Markit Flash U.S. Manufacturing Purchasing Managers’ Index (PMI) continued to signal only a modest improvement in U.S. manufacturing business conditions in August. The preliminary ‘flash’ PMI...

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Downturn in Eurozone Economy Extends into Seventh Month

The Markit Flash Eurozone PMI Composite Output Index – based on around 85% of usual monthly replies – was broadly unchanged at 46.6 in August, from a final reading of 46.5 in July. The index has now...

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French Private Sector Output Falls at Slower Pace in August

Latest Flash PMI data signalled a reduction in French private sector output for the sixth consecutive month in August. However, the rate of contraction eased to only a modest pace. The Markit Flash...

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NASDAQ After Hours Most Active for Aug 27

The NASDAQ 100 After Hours Indicator is down -.06 to 2, 782.49. The total After hours volume is currently 9, 378, 052 shares traded. Bank of America Corporation ( BAC ) is unchanged at $8.07, with 2,...

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Regional Bank Susquehanna Lifts Payout, Tops $10 Mark

Susquehanna Bancshares ( SUSQ ) keeps moving in the right direction with its dividend. When the bank holding company raised its quarterly dividend last month, that represented the fourth time it had...

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Ernst & Young Signs Partnership with the 2012 European Ryder Cup Team and the...

On the day the European Team for The 2012 Ryder Cup is confirmed, Ernst & Young becomes an Official Partner to The 2012 Ryder Cup Team and The 2014 Ryder Cup. Jay Nibbe, Ernst & Young’s Markets...

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Homebuilder DR Horton Goes from Defense to Offense

Reports last week of rising new-home sales in July after a June dip gave homebuilders reason to cheer that the housing recovery was back on track. And with new-home inventory at a near-record low, all...

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BYD Profit Plunges 90%, Warren Buffett Gives Back Most Gains

Chinese car and battery manufacturer BYD has not been Warren Buffett ’s most successful investment, and another poor earnings report came out on Friday. The company announced that its net profit...

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Wall Street Continues to Climb on the Fed’s Stimulus Promise

The Dow Jones Industrial Average (DJI) claimed another multi-year high today, as investors continued to ride yesterday’s Fed-inspired rally, albeit on a much more subdued level. “Today is simply a...

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Bank of Scotland’s Jobs Report Dips Sharply

The latest Bank of Scotland Report on Jobs signalled a further reduction in permanent placements in August. Temp staff billings meanwhile increased for the second month running. That said, demand for...

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SEC Raps New York Stock Exchange Over Improper Distribution of Market Data

The Securities and Exchange Commission has filed over the weekend first-of-its-kind charges against the New York Stock Exchange for compliance failures that gave certain customers an improper head...

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Investors Search for Yield As Rates Drop Further

Weak growth and portfolio reallocations driven by concerns about euro area sovereign risk, combined with central bank policy actions, pushed government bond yields to unprecedented lows. And, as market...

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TMX Completes Subsequent Arrangement

TMX Group Inc. and TMX Group Limited have completed last week their previously announced second step plan of arrangement transaction. Pursuant to the Arrangement, TMX Group Limited acquired 14, 939,...

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Better Quality and More Reliable Electricity to Support Vietnam’s Sustainable...

The World Bank Board of Executive Directors approved the funding for the Vietnam Distribution Efficiency Project to provide electricity users across the country with better quality and reliable...

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IIA Summit for Government Auditors Exposes Common Concerns

Although internal audit professionals working in government experience many of the same obstacles as their private-sector counterparts, they have a unique set of guidelines, circumstances, and...

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World Bank Group and IMF to Hold 2015 Annual Meetings in Lima, Peru

The 2015 Annual Meetings of the World Bank Group and the International Monetary Fund will take place in Lima, Peru, in October 2015, following a vote by the Boards of Governors of the two institutions....

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Investments and Saving Enough for Retirement

New guidelines from Fidelity: saving for retirement are reportedly answering some questions regarding, planning for that day by some easy to follow ground rules. One factor is that you need to save a...

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SEC Charges Chicago-Based Investment Firm with Misleading Investors in...

The Securities and Exchange Commission has charged the co-founder of a Chicago-based investment firm with misleading investors in two private equity offerings, and charged the other co-founder with...

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