Reuters:
NEW DELHI (Reuters) -India, the world's second biggest rice grower, plans to sell the grain in local markets from reserves to douse fears of shortage caused by the worst monsoon in three decades, Farm Minister Sharad Pawar said on Saturday.
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washingtonpost.com - U.S. Economy:
Anxiety reappeared on Wall Street this week, leaving markets largely lower and sending investors into short-term government bonds and the U.S. dollar, which recorded its first weekly gain in a month.
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The Traders Journal:
Marc Courtenay submits:Fed Chairman Ben S. Bernanke said after a Nov. 16 speech in New York that it’s “not obvious” that asset prices in the U.S. are out of line with underlying values after a 64% jump in the Standard & Poor’s 500 Index from its March low.My favorite charts to exemplify this are the 1-year charts on GE (GE) (Read More)
Reuters:
NEW YORK (Reuters) - NYSE Euronext , LCH.Clearnet, BATS Global Markets and other firms partnered with banks have urged two U.S. legislators to drop a proposed "rigid" cap on dealer ownership of clearinghouses, according to a letter sent this week.
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The Traders Journal:
The Mole submits: U.S. stocks extended a global drop as concern grew that the rally has outpaced the prospects for economic growth. The yen and the dollar strengthened, oil tumbled and yields on Treasury three-month bills turned negative for the first time since financial markets froze last year.There was some bearish chat (Read More)
The Traders Journal:
Phil Davis submits:
How can a firm that never loses money be so totally wrong?
Just this Monday, Goldman Sachs helped to gap the markets higher at the open in low-volume futures trading with the following pronouncement:
Complete Story ». (Read More)
New York Times:
European markets fell and Wall Street was expected to open lower amid concerns about the pace of the U.S. economic recovery following disappointing earnings data from Dell. (Read More)
New York Times:
Shares rose despite a drop in Asia as investors recouped some of the previous day’s hefty losses ahead of a speech from the European Central Bank president, Jean-Claude Trichet.
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Wall Street Journal:
Asian markets ended mostly lower as technology shares sagged after their U.S. peers took a beating, while a pullback in commodity prices weighed down resource stocks.The Nikkei fell 0.5%. (Read More)