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What Analysts Think Central Banks Will Do Following Brexit
Friday, June 24, 2016 - 11:35am | 398Now that Britain has officially voted to leave the eurozone, central banks are left to decide what (if anything) they will need to do to stabilize global markets. Several Wall Street analysts have already given their takes on the issue. Capital Economics believes the rhetoric about the dangers of a...
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Will Today Become Britain's Black Friday? Stock Panic Through The Years
Friday, June 24, 2016 - 11:09am | 319With market mayhem widespread on both sides of the pond following a referendum vote for Britain to leave the European Union (EU), the full extent of the carnage remains to be seen. The widespread hysteria and effect on the British pound solicits comparisons to Britain’s so-called “Black...
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Everything You Need To Know About The Brexit
Thursday, June 23, 2016 - 10:46am | 627If your eyes have glossed over every time the financial media has discussed “Brexit” in 2016, it may finally be time to understand what is at stake and how a British vote could impact your portfolio of fine American stocks. Here’s a breakdown of everything you need to know...
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London's Tech Sector Thinks Brexit Will Be A Disaster
Friday, June 17, 2016 - 11:00am | 289The British people will vote next week in a national election to decide the country's fate within the European Union. The vote, dubbed "Brexit," will ask the people if they want Britain to remain a member of the European Union or not. Recent polls suggest a vote to leave the EU is currently winning...
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Bloomberg: European Stocks Could Plunge Around 25% Under A Yes 'Brexit' Vote Outcome
Monday, June 13, 2016 - 9:44am | 283Britain will hold a vote on June 23 to decide if the country will leave or remain in the European Union. The vote has been dubbed "Brexit," and the outcome of the vote will likely have a large impact on the equity market. According to Bloomberg, European stocks could lose 24 percent of their value...
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UK's Cameron: Leaving The EU Would Be 'A DIY Recession' For The Country
Monday, May 23, 2016 - 4:11pm | 339Presenting a finance ministry report published Monday, UK’s Prime Minister David Cameron warned that leaving the European Union would be like pushing the self-destruct button on Britain’s economy, a Reuters article reported. A Brexit (as the media has dubbed the potential event) would...
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Barclays Shares Fall As Bank Lays Off 12,000 And Increases Bonuses For Top Staff
Tuesday, February 11, 2014 - 1:13pm | 492Shares of U.K. bank,Barclays PLC (NYSE: BCS), fell nearly seven percent Tuesday on word the bank posted a £329 million ($539 million) loss in the fourth quarter and was poised to cut up to 12,000 jobs this year while at the same time increasing bonuses for top staff 10 percent. Barclays said it...
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3 ETFs For A BRIC Bounce
Monday, August 12, 2013 - 12:20pm | 784Emerging markets investors not residing in caves or under large rocks know at least one thing about ETFs this year: The funds offering exposure to the BRIC nations have been dismal performers. In the fight for the best BRIC ETF among the four major country-specific funds are the iShares China...
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Iranians Lose Their Mind, Attack British Embassy
Tuesday, November 29, 2011 - 2:55pm | 659The fastest way to get a missile headed toward your skull is to do something stupid, like, say, attacking a foreign embassy on your home soil. That's precisely what a group of Iranians did Monday. The mob attacked and invaded the British Embassy in Tehran, Iran, after the British government...
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What Investors Can Learn from News Corporation's Tabloid Debacle
Wednesday, July 13, 2011 - 6:46am | 313Britain's unfolding tabloid scandal has taken a heavy toll on the country. Employees of News Corporation's (NASDAQ: NWSA) tabloid, The News of The World, have been exposed for hacking into numerous voicemail accounts of private individuals. Editors have been jailed, the tabloid was shut down, and...
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Euro Bounces on Potential Irish Aid Package, British Comments (FXE)
Wednesday, November 17, 2010 - 4:00pm | 259The Euro bounced back against most major currencies Wednesday, on elevated hopes of an Irish aid package and comments by the British government offering support to its debt-ridden neighbor. The CurrencyShares Euro Trust (NYSE: FXE) is up $0.40, or 0.3%, to $134.75. Renewed concern over the lack of...
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HSBC Confirms Gulliver, Green as New CEO, Chairman (HBC)
Friday, September 24, 2010 - 2:30pm | 95HSBC Holdings (NYSE: HBC) confirmed Friday that outgoing CEO Michael Geoghegan is going to be replaced by Stuart Gulliver. In addition, Douglas Flint, the finance director as HSBC, is confirmed to be the replacement for Chairman Stephen Green after Green accepted a post in the British government...
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Spain's Zapatero Claims Debt Crisis Over, But Is It?
Wednesday, September 22, 2010 - 12:56pm | 350The European debt crisis is over, according to Spanish Prime Minister Jose Luis Rodriguez Zapatero in an interview with the Wall Street Journal. Spain has been one of the countries hardest hit by the sovereign debt crisis in the Eurozone, along with other nations such as Greece, Italy, and Ireland...
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Cutting Deficit While Maintaining Growth Are Britain's Top Priorities
Tuesday, August 3, 2010 - 12:19pm | 136In an era of rising federal deficits and waning economic growth, Britain has pledged to cut spending while somehow maintaining strong economic growth. The report came after Prime Minister David Cameron and his deputy spoke on Tuesday. The Conservative-Liberal Democrat coalition government has said...