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Fearful investors withdrew at least 43bn £24.9bn from US hedge funds last month as world stock markets tanked as the global financial crisis worsened.
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Wall Street fell back into negative territory at the end of a volatile week after a series of negative economic indicators reinforced concerns that the country is headed into a recession.
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NEW YORK (AP) -- Wall Street headed for a lower open Thursday as investors awaited a government reading on unemployment and sifted through a batch of bleak corporate earnings that has stirred intense anxiety about the health of the global economy....
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Hedge funds, the fast money that defined an era on Wall Street, are in the throes of an unprecedented shakeout.
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The gilded age of hedge funds is losing its luster, The York Times’s Louise Story writes. The funds, pools of fast money that defined the era of Wall Street hyper-wealth, are in the throes of an unprecedented shakeout. Even some industry stars are falling back to earth. This unregulated, at times volatile corner of finance — [...]
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Ireland has raised €4bn via a new three-year bond issue, but had to pay a relatively high coupon to attract investors, illustrating the difficulties facing European governments
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Unlike stocks and bonds not all currencies can fall at the same time. Here's how to play the market.
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Cambridge Liberal Democrats have taken action to ensure the right mix of housing in the city in the future.
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WASHINGTON (Reuters) - Global institutional investors holding more than $6 trillion in assets pushed policymakers Tuesday to quickly hash out a binding agreement to cut greenhouse gas emissions and promote clean technology.
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Fresh moves by the government to limit home foreclosures lifted the market in mid-afternoon trading yesterday, but the federal action was not enough to stave off a second day of losses.
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Hedge fund investors pulled a record $40bn out of the industry in October as poor performance prompted a flight to cash, according to data on Thursday
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Last we heard of Silda Wall Spitzer, she was back to lunching at Michael's with her old friends, gracefully leaving that messy little scandal involving a hooker and her husband behind. We thought it was a good sign and predicted that her public outing meant that she was done hiding and would reclaim her spot in the world of charity committees. Turns out, we were wrong--Ms. Spitzer was preparing for a much greater comeback. In fact, by the time she made an appearance at Michael's in October, she was probably already in the last stages of interviewing for--if not settling into--her new job with Metropolitan Capital Advisors, a Manhattan hedge fund, as readmore
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pThe Chancellor said yesterday that the Government was willing to provide guarantees on bonds backed by mortgages to get the market for new home loans moving again. /p
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Detroit's automakers, making a second bid for a multi-billion dollar industry bailout, presented Congress with their plans to restructure their ailing companies and provided assurances that the funding will help them survive and thrive.
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More international businesses are investing in Kyiv's shopping centers to take advantage of the market's low supply and booming demand. The latest market entrant is Londonbased Meyer Bergman European Retail Partners, an asset management firm that announced in early May
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Britons are pumping unprecedented amounts of money into paying off their mortgages, official figures show after a decade of households using equity from their homes for other purposes.
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SHAREHOLDERS face a nervous wait today to see what impact a co-ordinated action to slash rates might have on financial markets.
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As Nigerians await the much publicised cabinet shake-up, President Umaru Yar'Adua has been called upon to redeem his pledge of reserving at least 30 percent of government positions at the federal level to women.
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Mild steel futures prices on the National Commodity & Derivative Exchange may continue to rule weak over the next few days as raw material and international steel prices have been sliding sharply.
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Canadian housing starts held steady in September, but with noticeable weakness in Ontario and worries about national shakiness ahead.
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When the pop singer Gareth Gates married Suzanne Mole this year, one feature that stood out, apart from the grins on their faces, was the huge five-tier cake: a heady combintation of chocolate, Bailey's truffle, lemon cake, carrot cake and champagne truffle. While much is made in the Hello!-world of wedding dresses and venues, often the cake gets gobbled down and not a word more is said.
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Listen up employers and MBA directors: women are your workforce, and it's time you started tailoring your courses and jobs to their needs.
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WASHINGTON (AP) -- Ordering the government to buy up bad mortgages to cut homeowners' monthly payments might sound good, but experts are skeptical. They say the plan John McCain is promoting is unlikely to solve the housing crisis that's pushing the economy toward recession....
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Further legal action may be taken if an elderly woman forced to leave a care home dies, her relatives say.
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The yen staged a broad retreat as risk appetite made a cautious return to the currency markets, following co-ordinated central bank rate cuts across the world
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The failures of Glitnir and Landsbanki, the two leading Icelandic banks, increase the number of finance companies that have triggered credit default swap contracts
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Wall Street appeared headed for a strong open Thursday as investors hoped that the panic selling that cascaded through global markets a day earlier was overdone.
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A third of businesses involved in the housing industry expect trading conditions to deteriorate during the next six months, a new survey shows.
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Stocks seesawed Thursday after IBM Corp. affirmed its profit forecast and investors hoped the government might take ownership stakes in banks to help stabilize the financial industry.
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The relentless slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the home is worth, raising the possibility of a rise in defaults.
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Oct 8 - As Treasury Secretary Paulson prepares to host the G7, he is calling for intensified global cooperation to stabilize financial markets.
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The GOP presidential nominee unveils a new initiative to keep struggling borrowers in their homes.
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