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TOKYO--J.P. Morgan Friday revised up its dollar forecasts versus the yen, citing the significant change in perception toward Japanese politics and policies by overseas investors as one factor.
12/27/12
Bank Indonesia Regulation Party Invites Foreign Entry
Stakeholders want any restrictions on foreign ownership of shares of the national banks in this country have to bite the fingers.
Bank Indonesia Regulation (PBI) No. 14 / 8/PBI/2012 of Shareholding Commercial Banks perpetuating the permissibility of foreign control of banking business in the country.
Market Close Report: NASDAQ Composite index closes at 2,985.91 down -4.25 points
Thursday's session closes with the NASDAQ Composite Index at 2,985.91. The total shares traded for the NASDAQ was over 1.32 billion. Declining stocks led advancers by 1.37 to 1 ratio.
12/12/12
Bernanke: Fed Could Unleash More QE If We Go Over The Fiscal Cliff
In his post-FOMC press conference, Fed Chairman Ben Bernankedefended his policy ofopen-ended asset purchases, dubbed QE4, and explained the benefits of their new, outcome-based guidance.
arket Close Report: NASDAQ Composite index closes at 3,013.81 down -8.49 points
Wednesday's session closes with the NASDAQ Composite Index at 3,013.81. The total shares traded for the NASDAQ was over 1.72 billion.
UPDATE: Exxon, BHP to Invest Over US$1 Billion in Australia Gas Plant
-- Exxon, BHP invest more than US$1 billion in a gas processing plant
-- Facilities will handle gas from the Kipper, Tuna, Turrum fields in the Bass Strait
-- About 250 jobs expected to be created
(Recasts the first paragraph, adds comment from Exxon and detail throughout.)
By Robb M. Stewart and David Winning
12/7/12
Wall Street Week Ahead: "Cliff" worries may drive tax selling
By Caroline Valetkevitch
NEW YORK (Reuters) - Investors typically sell stocks to cut their losses at year end. But worries about the "fiscal cliff" - and the possibility of higher taxes in 2013 - may act as the greatest incentive to sell both winners and losers by December 31.
UPDATE: AIG Sees Sandy Claims Of $1.3 Billion, Double Travelers' Tally
--AIG estimates Sandy claims at $1.3 billion after taxes
--AIG will send $1 billion to its property-casualty operations
--AIG tally is twice the size of a Travelers estimate from Wednesday
(Adds comparison to Travelers beginning in the second paragraph.)
By Erik Holm
American International Group Inc. (AIG) said Friday it likely took a $1.3 billion hit from Sandy, the massive storm that hammered the Northeast in late October.
Morgan Stanley's New Plan for Wealthy Clients
Morgan Stanley (MS) has revamped its compensation program for brokers as part of its efforts to build its lending business and increase cross-selling by its brokers. The plan rewards brokers for pulling in assets from wealthier clients.
Market Update
4:15 pm : Equities started the day in the black following the release of November nonfarm payrolls, which revealed an addition of 146,000 jobs.
Market Close Report: NASDAQ Composite index closes at 2,978.04 down -11.23 points
Friday's session closes with the NASDAQ Composite Index at 2,978.04. The total shares traded for the NASDAQ was over 1.58 billion.
12/5/12
Selling Gold On Goldman's Call? Take A Page From George Costanza And Do The Opposite
Gold has had a lackluster year despite some pretty favorable conditions, and on Wednesday, Goldman Sachs called the end of the yellow metal’s decade-long rally.
Market Close Report: NASDAQ Composite index closes at 2,973.70 down -22.99 point
Wednesday's session closes with the NASDAQ Composite Index at 2,973.70. The total shares traded for the NASDAQ was over 1.77 billion.
WSJ: US Mediators Suspend Talks Between Boeing, Engineers Union Until New Year
By Jon Ostrower
Boeing Co. and its engineers' union have accepted a recommendation from a federal mediator to suspend contract negotiations until after Jan. 1, following an impasse between the parties that have left the ongoing talks stalled.
12/4/12
Post titleNot All The Good ETF Niches Are Taken
With over 1,400ETFsand ETNs on the market today, it would appear that logical that all the good ETF ideas have been exhausted. That means new entrants to the game will be forced to copy previously existing concepts, and even if that is done with the promise of lower expense ratios, the first-to-market advantage is often too deep to overcome for many rookie ETFs.
Forex: USD/JPY higher for the session, but still flat for the week
FXstreet.com (Barcelona) - Amid a batch of data coming out of Japan today, coupled with end of month flows, USD/JPY surged in early Hong-Kong trade, blowing out all stops above 82.20, and capping right below previous weekly highs, last at 82.41, off session highs at 82.54. While PM Noda says 1% inflation target is realistic, his opponent for next Dec 16 general elections Abe says a 2% target is the minimum, and that if he's elected, won't discuss on this matter, market sources say.
Market Close Report: NASDAQ Composite index closes at 3,002.20 down -8.04 points
Monday's session closes with the NASDAQ Composite Index at 3,002.20. The total shares traded for the NASDAQ was over 1.63 billion.
