Archive For The “Latest News” Category

Oil Rally Has Bulls on Top, But $60-Plus Seen as Hard to Sustain – Bloomberg

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This article was originally published on this site Oil bulls are back in the driving seat with $60 a barrel in sight, but it could be a short ride. OPEC and Russia are cutting output deeper than ever, demand is surprisingly strong and the threat of Middle East disruption looms again. Global prices have jumped…

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The SEC is hiring more cybersecurity help after breach that may have allowed hackers to profit from stock trades – Washington Post

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This article was originally published on this site Jay Clayton takes his seat to testify at a Senate Banking Committee hearing on his nomination of to be chairman of the Securities and Exchange Commission on Capitol Hill in March 23, 2017. (Reuters/Jonathan Ernst) Jay Clayton, the head of the Securities and Exchange Commission, plans to…

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Here's How Much It Costs to Buy a Diamond the Size of a Tennis Ball – Fortune

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This article was originally published on this site After a year of negotiations, the British jeweler Graff Diamonds has bought the world’s second-largest diamond, the tennis-ball-sized Lesedi La Rona. The Canadian mining outfit Lucara Diamond (lucrf) had been struggling to sell the 1,109-carat uncut stone, with a Sotheby’s auction last year failing to achieve the…

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Tech Selloff, North Korea Threats Keep a Lid on Stocks – Wall Street Journal (subscription)

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This article was originally published on this site Global stock markets were mixed Tuesday, following a selloff in technology shares on Wall Street and fresh threats from North Korea. The Stoxx Europe 600 was up 0.1% in early afternoon trade, after opening in the red, with European mining and energy shares among the biggest winners….

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European stocks waver after North Korea sparks fresh fears of nuclear war – MarketWatch

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This article was originally published on this site European stocks struggled for direction in Tuesday’s trade, as traders digested the latest flare up in U.S.-North Korea tensions and as the euro continued to slide after Germany’s general election over the weekend. The Stoxx Europe 600 index SXXP, +0.00%  was marginally lower at 383.85, and was…

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North Korea war cries stifle stocks, euro still groggy – Reuters.com

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This article was originally published on this site LONDON (Reuters) – World stocks and the euro fell for a fourth day on Tuesday, as investors that had piled into both all year took a step back as the list of global uncertainties began to lengthen again. The list included a new low in U.S. and…

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'Gift from Mother Nature': Graff pays $53m for historic diamond – Financial Times

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This article was originally published on this site Diamond magnate Laurence Graff has paid $53m for the largest rough diamond found in the past century. The Lesedi la Rona, which weighs 1,109 carats, had been expected to sell for at least $70m at a public auction in June 2016, but bidding stopped at $61m. Mr…

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Oil rises to 26-month high; Turkey threatens to cut Kurdistan oil pipeline – Reuters

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This article was originally published on this site TOKYO (Reuters) – Oil prices took a breather on Tuesday after Brent crude earlier rose to a 26-month high, supported by Turkey’s threat to cut crude flows from Iraq’s Kurdistan region to the outside world. Turkish President Tayyip Erdogan threatened on Monday to cut off the pipeline…

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How to earn lucrative returns by trading options in a trending market – Moneycontrol.com

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This article was originally published on this site Sneha Seth The market that is moving in one direction or another is known as trending market. A bull market is trending upward while a bear market is trending downward. In a trending market, option trading gives higher positional returns as compared to cash or futures segment…

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Alibaba takes control of logistics business, pledges $15 billion to expand network – Reuters

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This article was originally published on this site HONG KONG (Reuters) – Chinese e-commerce firm Alibaba Group announced it will invest 100 billion yuan ($15.12 billion) over five years to build a global logistics network and also take control of a $20 billion unit, underpinning an aggressive overseas expansion. Alibaba is investing 5.3 billion yuan…

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