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Jackson Hole Summit To Provide Forum For Policymakers Amid Market Turmoil
Wednesday, August 26, 2015 - 1:06pm | 361This week, the world's top central bankers will descend on Jackson Hole, Wyoming where they are set to discuss global economic issues. The meeting couldn't come at a better time, as global markets have been in a state of panic this week after worries about China sent share markets markedly lower....
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Options Markets Can't Avoid Greece This Week
Monday, June 29, 2015 - 11:44am | 997Check out this week's full options outlook in the video below: Scoreboard Markets ended the week in the red and started the Sunday night futures even deeper in the red all courtesy of uncertainty stemming from the Greek saga. At issue is whether Greece will fall in-line and remain in the...
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Bill Gross On Fed's Current Mistake And Why Investors Should Think For Themselves
Monday, June 15, 2015 - 12:08pm | 472At times, markets and investors place too much importance on every word coming out from the Fed. But according to Janus Capital Group Inc (NYSE: JNS) fund manager and "Bond King" Bill Gross, although investors should listen to what the Fed says, they must also have their own opinion....
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EUR/USD Higher
Friday, June 12, 2015 - 4:32pm | 95EUR/USD is trading at 1.1255, up 0.0010. Trading is steady during late U.S. forex trading on Friday. On June 15th, ECB Head Mario Draghi is scheduled to speak in front of the European Parliament. Market talk about Greece is persistent. Numerous other ECB policy officials are scheduled for...
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ManpowerGroup Still Rated Overweight After Announcing 7S Group Acquisition
Friday, June 12, 2015 - 1:26pm | 380ManpowerGroup Inc. (NYSE: MAN) announced on Friday it will purchase the 7S Group in Germany. Following this declaration, Piper Jaffray analysts George Tong and Adrian Paz reiterated an Overweight rating and $103 price target on the stock. The experts explained that “Positive traction in the...
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Former Greek P.M.: 'What Happens To Greece Is A Precedent For What Could Happen To Other Countries'
Monday, May 11, 2015 - 1:47pm | 416The markets have feared the possibility of a Grexit (Greece exiting the European Union) for quite some time now. However, if that eventually happens, will it be as disastrous as some are making it out to be? Former Greek Prime Minister George Papandreou was on Wall Street Week recently to answer...
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Bill Gross: German Bunds Is 'The Short Of A Lifetime'
Wednesday, April 22, 2015 - 3:05pm | 571With the ECB quantitative easing in place to turn around the eurozone, some economies are witnessing reversals. However, there are also other euro-member economies that didn't required the quantitative easing in the first place and now might be investing overvaluation of assets. "Bond...
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Why A 'Grexit' Shouldn't Ignite Colossal Fear
Friday, April 17, 2015 - 2:30pm | 404The economic crisis in Greece has convinced many market participants, including former hedge-fund manager Stanley Druckenmiller, that Greece is likely to leave the eurozone. Druckenmiller was on Bloomberg recently to discuss why Greece exiting the eurozone won't really have severe effects....
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Mario Draghi Attacked At ECB Press Conference: What Happened?
Wednesday, April 15, 2015 - 8:56am | 736At approximately 8:41 a.m. ET, ECB President Mario Draghi was attacked by a crowd member who accused the central bank of being a "dictatorship." Four minutes later, the conference resumed. But...what happened? Everything was going smoothly, according to Twitter: Draghi: Purchases intended to run...
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ECB Meeting Minutes Expose Cracks In Central Bankers' Confidence
Monday, April 6, 2015 - 1:20pm | 384The European Central Bank's large scale bond buying plan has done wonders for the region's markets. With the exception of Greece, European nations' share markets have been on fire since the roll-out of ECB President Mario Draghi's highly anticipated quantitative easing plans....
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Tim Cook, Mario Draghi Lead Annual List of 'World's Greatest Leaders'
Friday, March 27, 2015 - 8:30am | 367The chief executive of a giant corporation, the head of China's Communist Party and a U.S. teen pop idol all appear on 2015's version of Fortune's annual list of the "World's Greatest Leaders" published Thursday. Geoff Colvin, senior editor at Fortune and author of...
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Anti-Poverty Bill Erodes Trust Between EU And Greece Even Further
Thursday, March 19, 2015 - 3:34pm | 406Greek lawmakers elected to pass an anti-poverty bill on Thursday, despite requests from the nation's creditors that the voting process be postponed. The bill, which provides low-income families with electricity and food stamps, is expected to cost Greece approximately €200 million at a...
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Anti-Austerity Sentiment Grows Despite Economic Improvement
Wednesday, March 18, 2015 - 10:06am | 378On Monday, European Central Bank President Mario Draghi touted the benefits of ECB interference at a financial conference in Frankfurt, saying that the bank's stimulus efforts have helped turn the tides of the bloc's stalling economy. Draghi said that the bank's policy shift has...
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What This Market Expert Thinks Of Greece And The ECB
Friday, March 6, 2015 - 8:44am | 566Timothy Anderson of MND Partners on Thursday discussed Eurozone developments with Benzinga. Anderson commented that the European Central Bank would begin its bond buying program on March 9 and would be "limited to Investment grade Public Sector debt" which "would exclude Greek...
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ECB Announces New €20 Bill, Uses Tetris To Promote Its Security Features
Tuesday, February 24, 2015 - 1:16pm | 364Earlier Tuesday, Mario Draghi, President of the European Central Bank, unveiled the new €20 banknote at the ECB in Frankfurt. A live webcast was available on the ECB site. Below is a video featuring the new bill and its security features (also promoted through a Tetris game). In his...