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Yen Plunges as Central Bank Intervenes
Thursday, August 4, 2011 - 2:53am | 898The Japanese yen plunged in Thursday's trading as the Bank of Japan intervenes to weaken the yen. Presently, the U.S. dollar added 3.04% to its value against the yen to trade around ¥79.38, while the euro stands around ¥113.31, or 2.7% above its previous close. On Thursday, the Bank of Japan sent...
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Profiting from Asian Stocks' Plunge over Global Economic Growth Concerns
Wednesday, August 3, 2011 - 9:01am | 640Asian stock markets continued to fall during Wednesday trading as concerns over America's economy continued to overshadow the recent positive news that the United States was able to avoid a default on its debt. Asian stocks began the week on the upswing after it was announced that President Barack...
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Hide In The Swiss Franc
Tuesday, July 5, 2011 - 4:09pm | 189With concerns about the U.S. debt ceiling and European bailouts continuing to persist, many investors are looking for ways to hedge against the falling euro and greenback. Gold has become a popular investment for many, but it's not the only game in town. One answer could lie with the Swiss Franc...
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Switzerland A Tax Haven No More?
Friday, October 1, 2010 - 9:52am | 126Bloomberg is reporting that Switzerland's yet to be signed tax treaty with Germany may end secret banking and tax evasion in Europe as we know it, prompting mass withdrawals as Swiss banks will no longer guarantee client confidentiality. It appears that the treaty will allow investigators to...
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SecondMarket to be Honored at Davos (SIVB)
Wednesday, September 1, 2010 - 11:07am | 177SecondMarket, the largest secondary market for illiquid assets, announced today that it has been selected by the World Economic Forum as a 2011 Technology Pioneer. This award is presented annually to the most innovative technology start-ups from around the world, and SecondMarket is the only...