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US Job Reports Cause Dollar to Fall

US Job Reports Cause Dollar to Fall

United States labour reports came out today and showed slower than expected growth. Economists had previously estimated that jobs would have to grow by at least 100,000 in the month of May to avoid a recession. Instead, investors are faced with a month that only showed a growth of 69,000 jobs. This number is far […]

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IMF Bailout Rumors Quashed

IMF Bailout Rumors Quashed

The euro has now reached a milestone against the yen and the United States dollar. This low is the worst for eleven years against the yen and 23 months for the dollar. Throughout Thursday’s session, the market fluctuated greatly. By the end of a stretch of a turbulent few hours, the euro came out a […]

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Euro at Two Year Lows

Euro at Two Year Lows

The euro has no hit two-year lows. It dropped beneath the $1.25 barrier amid concerns over Spanish banking problems. Bankia, the fourth largest bank, is requesting money from the Spanish government. Markets are reacting to this request by dropping the euro and fleeing to safe havens like the dollar and the franc. Credit Downgrade Troubled […]

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Head of Fraud at Lloyd’s Appearing in Court for Fraud Charges

Head of Fraud at Lloyd’s Appearing in Court for Fraud Charges

After being arrested in December of last year, it appears like Jessica Harper will finally have her day in court. She is facing several allegations of fraud for falsified invoices during her time at Lloyd’s. Jessica Harper is 50 years old and is a resident of Croydon, South London. In person, she appears much like […]

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Bankia Listed as Junk Status, Asks for €19 billion

Bankia Listed as Junk Status, Asks for €19 billion

Just days after Spanish regions announced refinancing plans for €36 billion, Bankia has requested an additional bail out from Spanish tax payers. Originally the bank had posted a profit of €309 million. A short while later, the group has reconfigured their revenue and requested a total of €19 billion in bailout money. Previously, the bank […]

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HSBC’s Shareholders Reject Remuneration Report

HSBC’s Shareholders Reject Remuneration Report

Recently, shareholders of one of London’s top banks gathered in London at the Barbican arts center. Many were upset following a recent report by the bank. Controversial layoffs and large bonuses for executives played a central role in the controversy surrounding HSBC’s shareholder meeting. Layoffs Affect Many Londoners HSBC had already announced a massive round […]

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Euro Continues to Fall Against the Dollar

Euro Continues to Fall Against the Dollar

The debt crises in Europe have caused the euro to continue to slide against the dollar. The largest region in Spain, Catalonia, has asked for help in paying their bills from the Spanish government. Over in Greece, new elections are scheduled in just a few weeks. Investors are worried about the increasing likelihood of a […]

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