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World Stock Index Declines for Sixth Day as Yen, Bonds Rally

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The MSCI World Index retreated 0.3 percent at 10:26 a.m. in London, bringing its six-day slide to 5.4 percent. Futures on the Standard & Poor’s 500 Index were little changed. The yen strengthened against 15 of its 16 biggest counterparts and copper declined for a second day. Greek
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Emerging-Market Stocks Fall in Longest Losing Streak in a Year

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By Michael Patterson The MSCI Emerging Markets Index sank 0.6 percent to 932.03 at 9:47 a.m. in London, bringing its six-day retreat to 8 percent. Most developing-nation currencies weakened against the dollar, led by a 1 percent slide in South Africa’s rand. China’s Shanghai
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World Stock Index Declines for Sixth Day as Yen, Bonds Rally - Bloomberg.com

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The MSCI World Index retreated 0.3 percent at 10:26 a.m. in London, bringing its six-day slide to 5.4 percent. Futures on the Standard & Poor’s 500 Index were little changed. The yen strengthened against 15 of its 16 biggest counterparts and copper declined for a second day. Greek
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Mobius Says China Lending Curbs May Benefit Economy (Update4) - Bloomberg.com

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Jan. 27 (Bloomberg) -- China’s lending slowdown may benefit the domestic economy by reducing risk and investors should still buy shares of the nation’s banks, investor Mark Mobius said. Chinese banks have begun restricting new loans, responding to a push by regulators to contain
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Paying Big Bonuses Exposes Wall Street’s CEO Succession Failure

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By Lisa Kassenaar Lewis, in his usual gray suit, white shirt and tightly knotted red tie, stood to present Brian T. Moynihan , 50, the man who would succeed him as head of the biggest U.S. bank. Moynihan was already known to many in the room: In five years, he had headed wealth
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Mobius Says China Lending Curbs May Benefit Economy (Update3) - Bloomberg.com

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Jan. 27 (Bloomberg) -- China’s lending slowdown may benefit the domestic economy by reducing risk and investors should still buy shares of the nation’s banks, investor Mark Mobius said. Chinese banks have begun restricting new loans, responding to a push by regulators to contain
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Chavez Currency ‘Burn’ Failing as $93 Billion Leave (Update2) - Bloomberg.com

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The central bank , under orders from Chavez to “burn the hands” of speculators betting against the bolivar, said it sold $179 million since Jan. 13, the first dollar auctions since trading restrictions imposed in 2003 spawned the unofficial market. Chavez said on Jan. 15 he wanted to
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Virgin Money May Appoint Former Lloyds CEO Pitman as Chairman - Bloomberg.com

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Pitman, 78, who advised Branson on his bid for Northern Rock Plc , may be named to the post as early as this week, said the person, who declined to be identified because the talks are private. Pitman was credited by analysts with transforming Lloyds TSB into Britain’s most profitable lender
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Consumers can"t quit the big banks

For more than a year, consumers have howled about the litany of sins committed by the country's biggest lenders -- including accepting billions in bailout dollars, cutting credit lines and, in some instances, paying outsized bonuses. But for all their grumbling, many Americans just can't seem

China’s Transparency Lapses Cause Volatility, RBS, BlueGold Say - Bloomberg.com

Asian stocks and currencies fell yesterday after a Reuters report said some of the nation’s lenders had to set aside more money as reserves, raising concern growth would slow in the world’s third-largest economy. Currencies briefly rallied this morning after the Chinese-language Securities

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