"We have restructured and significantly reduced our commercial operation and will no longer be promoting opioids to prescribers."Continue...Read More
The decades-long bull market in bonds seems to be coming to an end, and this is causing serious drama on Wall Street.Continue...Read More
It was a rough week for investors in stocks and stocks of all kinds. The S&P 500 lost 5%. Emerging Markets also lost 5%. Gold StocksContinue...Read More
IF the bull market in stocks and bonds is to end, the implications will be direPD-Gold-Nuggets8-300? 199 because, historically, Continue...Read More
DUBAI, Feb 11 (Reuters) - Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL* Israeli jet shot down after bombing Iranian site in Syria * Wall St Week Ahead-Investors brace for more swings as U.S. inflation specter rises * GLOBAL MARKETS-U.S. stocks end bumpy week up sh...Read More
BEIJING, Feb 11 (Reuters) - China's central bank said it will skip open market operations for the 13th straight trading day on Sunday to maintain stable liquidity in the banking system. The People's Bank of China (PBOC) said Contingent Reserve Arrangement and fiscal expenditure provided liquidity ahead of China's Spring Festival.The PBOC drained a net 760 billion yuan ($120.7 billion) from the mon...Read More
MUMBAI, Feb 10 (Reuters) - India will stick to its budgeted fiscal deficit target for the coming fiscal year, Finance Minister Arun Jaitley was quoted on Saturday as saying.Jaitley dismissed concerns that any sharp increase in global oil prices could make it difficult for the government to attain its deficit target for the next fiscal year, which starts in April, Indian daily The Economic Times re...Read More
By Elvira PollinaVERONA, Italy, Feb 10 (Reuters) - Italy's central bank chief on Saturday appealed to political parties contesting next month's election to pursue responsible policies and not lose sight of the need to cut the huge public debt.Ahead of the March 4 parliamentary election all the main parties, and especially the centre-right coalition leading the polls, have tried to woo voters with...Read More
(Adds foreign holdings of T-bills, comments on inflation and fuel subsidies, context)By Andrew TorchiaDUBAI, Feb 10 (Reuters) - Egypt is considering plans for a Eurobond issue but wants to see more stability in global financial markets before it goes ahead, Egyptian finance minister Amr El Garhy said on Saturday."We want to find the right time and we hope to do this in the next few days,&quo...Read More
VERONA, Feb 10 (Reuters) - Italian lenders set to head two new banking groups being created by merging hundreds of small cooperative banks (BCCs) must be ready to strengthen their capital if needed, the central bank's governor said on Saturday.Italy is forcing its tiny BCC banks to merge and two new groups being formed will undergo an asset check-up this year before moving under the European Centr...Read More
VERONA, Italy, Feb 10 (Reuters) - The European Central Bank is finding it difficult to raise inflation expectations but it will patiently pursue its objective of bringing price increases back up towards 2 percent, Bank of Italy Governor Ignazio Visco said on Saturday."The risk of inflation has been averted but it is proving difficult to push up inflation expectations," Visco, who sits on...Read More
KIGALI, Feb 10 (Reuters) - Rwanda's year-on-year inflation increased to 1.3 percent in January, the statistics office said on Saturday, up from 0.7 percent in December.The monthly inflation increase was 0.2 percent. The increase was mostly due to non-food items like housing, fuels, electricity and gas, the National Institute of Statistics of Rwanda said.(reporting by Clement Uwiringiyimana; editin...Read More
DUBAI, Feb 10 (Reuters) - Egypt is considering plans for a Eurobond issue but wants to see more stability in global financial markets before it goes ahead, Egyptian finance minister Amr El-Garhy said on Saturday."We want to find the right time and we hope to do this in the next few days," Garhy told Reuters on the sidelines of a financial conference in Dubai, when asked if this week's sw...Read More
(Corrects 3rd paragraph to remove extraneous word)BEIJING, Feb 10 (Reuters) - Securities regulators in several provinces of China are investigating the use of shares as collateral for financing activities to curb potential risks, the state-owned Securities Times newspaper reported on Saturday.The provincial regulators have launched an "intensive investigation" into stock-backed borrowin...Read More
Goldman's Currie Says Commodities Worked as Advertised in Equity SelloffIt’s fair to ask why havens haven’t rallied as shares slumped. Gold, for example, is down this week and exchange-traded funds backed by the metal saw heavy selling, with holdings declining the most since July.One possible reason is that ETF investors might be selling gold to offset their stock-market losses, acco...Read More
Adam HamiltonArchivesFeb 09, 2018 The unnaturally-tranquil stock markets suddenly plunged over this past week. Volatility skyrocketed out of the blue and shattered years of artificial calm conjured by extreme central-bank distortions. This was a huge shock to the legions of hyper-complacent traders, who are realizing stocks don't rally forever. With stock selling unleashed again, herd psychology w...Read More
Friday advance pares S&P 500's weekly plunge to 5.2 percentInterest-rate jitters could return with U.S. inflation reportLiz Ann Sonders of Charles Schwab says the pickup in economic growth contributed to the market selloff.U.S. equities ended their worst week in two years on a positive note, but rate-hike fears that pushed markets into a correction remain as investors await American inflation figu...Read More
Here are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average's plunge on Thursday of 1,033 points was its second-worst point drop in history. The S&P 500 has lost more than $2 trillion in market cap from its high.The energy sector was under pressure after oil prices fell for a sixth straight session. Wall Street Overview The Dow Jones Industrial Aver...Read More
U.S. stocks could open firmly higher Friday, according to early futures prices, but with government bond yields and volatility gauges still elevated, investors in Europe and Asia remained cautious the echo from last night's 1,000 point plunge for the Dow Jones Industrial Average echoed across global markets. Early indications from U.S. futures prices suggest a positive open on Wall Street, altho...Read More
Markets were up and down like a yo-yo today, but the Dow closed today up 330 points.Since last Thursday we'd seen a triple meltdown in bonds, stocks and cryptocurrencies. What's amazing is that there's no consensus on why these three markets were all crashing at once.Using my unique Project Prophesy predictive analytic methods, I can offer investors a clear view of why markets have been falling, a...Read More