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Shares of Geely Automobile add to their 3% gain the prior day after reports its parent company may be involved in a bid for Swedish car brand Volvo with the backing of a state-owned investment company.
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Geely’s bid for Volvo may have state backing
China’s decision to sell yuan-denominated sovereign bonds in Hong Kong was a small step in the mainland’s long journey toward capital account convertibility, but analysts say it is unlikely to be a big step in significantly boosting either the city’s liquidity or shares traded there in the near term.
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Asia Markets: Hong Kong yuan bonds will have muted market impact
Developments on the sentiment front continue to confound contrarians.
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Mark Hulbert: Sentiment may support higher prices
A congressional watchdog panel says the Treasury should consider placing its massive Chrysler and General Motors investments into an separate trust to insulate the stakes from political pressures and government intervention.
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Treasury should put auto shares in trust: panel
In Chapter 14 of his memoirs, Todd Harrison talks about how his Minyanville financial community was conceived, amid the ashes of 9/11 and broken alliances.
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Todd Harrison’s Memoirs of a Minyan: Minyanville rises from ashes, broken alliances
Since snapping up the operations of Lehman Brothers last year, Barclays and Nomura have steered very different courses, with the share prices and news headlines suggesting the Japanese firm has faced choppier waters. But the longer-term picture may be different.
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Owners of old Lehman assets have plenty to prove
The decision to allow Lehman to collapse will be debated in financial history classes for decades to come.
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David Callaway: History will judge Lehman mistake harshly
You don’t hear money-market terms such as Libor and the TED spread being thrown around on evening newscasts these days. And that’s a good thing.
The Beatles vs. Michael Jackson
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Jon Friedman’s Media Web: The Beatles vs. M.J.: A new battle for No. 1
A key Australian consumer sentiment index hits its highest level since July 2007, but retail sales unexpectedly fall.
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Economic Report: Australian consumers hopeful but not shopping
