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Monthly Archives: May 2018

Renowned fund manager says Italy won’t exit the euro and we won’t face another Brexit

Alessia Pierdomenico | Bloomberg | Getty Images The Italian national flag, seen between statues, flies atop the Quirinale palace, the office of Italy’s president in Rome, Italy. The two anti-establishment parties looking to clinch power in Italy will not take the country out of the euro zone and reject the …

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Italy’s populists face setback on their new leader

FILIPPO MONTEFORTE/AFP/Getty Images Leader of the Italy’s populist Five Star Movement, Luigi Di Maio (L), shakes hands with Giuseppe Conte, who could become Italy’s next prime minister. The two anti-establishment parties looking to share power in Italy face the prospect of having their first choice for prime minister rejected. The …

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Public sector assets saw a record $2.5 trillion surge in value last year

Krisztian Bocsi | Bloomberg | Getty Images The stars of the European Union sit on banners flying outside the European Central Bank headquarters in Frankfurt, Germany, on July 20, 2017. A global economic upswing helped the value of assets at central banks, sovereign funds and public pension funds hit $38.7 …

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Talks between North and South Korea likely

Korea Summit Press | Reuters South Korean President Moon Jae-in shakes hands with North Korean leader Kim Jong Un during their meeting at the Peace House at the truce village of Panmunjom inside the demilitarized zone separating the two Koreas, South Korea, April 27, 2018. High-level talks between North and …

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SoftBank is selling its entire Flipkart stake to Walmart

Hemant Mishra | Mint | Getty Images Outside view of Flipkart office shot on October 01, 2015 in Bengaluru, India. SoftBank Group said on Wednesday it is selling its roughly 20 percent stake in Indian e-commerce firm Flipkart to Walmart. Walmart said earlier this month it will pay $16 billion …

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Spiking AutoZone shares roll completely over and tank on cost concerns raised on earnings call

Sergio Flores | Bloomberg | Getty Images A man walks outside an AutoZone store in Albuquerque, New Mexico. AutoZone shares dropped 9.5 percent on Tuesday, erasing a sharp gain from earlier in the day, after worries of rising costs for the company were raised during its quarterly earnings call. During …

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Raytheon downgraded as Credit Suisse curbs its enthusiasm for defense

John Tlumacki | The Boston Globe | Getty Images The patriot missile is manufactured at Raytheon’s Integrated Air Defense Center in Andover, Mass. The hot trade in aerospace and defense – including that of industry leader Raytheon – is coming to an end, according to Credit Suisse, which downgraded both …

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Mark Zuckerberg didn’t answer a lot of EU leaders’ questions

ReutersTV | Reuters Facebook’s CEO Mark Zuckerberg answers questions about the improper use of millions of users’ data by a political consultancy, at the European Parliament in Brussels, Belgium, in this still image taken from Reuters TV May 22, 2018 Mark Zuckerberg failed to answer a lot of questions from …

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DHS secy ‘not aware of’ IC view that Russia meddled in 2016 to help Trump

Tom Williams | CQ Roll Call | Getty Images Homeland Security Secretary Kirstjen Nielsen, and Rep. Michael McCaul, R-Texas, left, chairman of the House Homeland Security Committee address the media after a briefing on election security with House members in the Capitol Visitor Center on May 22, 2018. “That the …

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Global deal-making above $2 trillion, on pace to smash records

Rex C. Curry | Bloomberg | Getty Images An employee preps a diesel locomotive for painting at the General Electric Manufacturing Solutions facility in Fort Worth, Texas. Worldwide dealmaking for 2018 topped the $2 trillion mark this week, on track for the biggest year for mergers and acquisitions ever, according …

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