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When Assets (Such as Real Estate) Become Liabilities

29/12/2016(0)
It will be the middle class that accepted the notion that “real estate is the foundation of family wealth” that will be stripmined by higher taxes on immobile assets ... Read More
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European stocks end mixed; miners gain

29/12/2016(0)
European stock markets closed mixed in light post holiday trade on Wednesday, with miners pushing higher, while Italian banks led decliners on ongoing concerns about the future of Banca ... Read More
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Japan’s stagnant economy sees daylight ahead

29/12/2016(0)
Factory output data released by Japan’s trade ministry shows signs of economic recovery after decades of stagnation. Industrial production grew by 1.5 percent this month over November, slightly below ... Read More
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28.7% of EU GDP spent on social protection

28/12/2016(0)
Since 2011, social protection expenditure in the European Union (EU) has increased slightly, from 28.3% of GDP in 2011 to 28.7% in 2014, according to data from Eurostat, the ... Read More
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Gold prices rose on Wednesday

28/12/2016(0)
Gold prices rose on Wednesday, extending gains after it hit a near two-week high in the previous session, on a technically-driven rebound in thin volume amid a slightly weaker ... Read More
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Oil prices step back as investors cash in on latest rally

28/12/2016(0)
Oil prices fell Wednesday as investors took profits on the heels of a rally, but trading remained thin. On the New York Mercantile Exchange, light, sweet crude futures for ... Read More
A U.S. flag decorates a for-sale sign at a home in the Capitol Hill neighborhood of Washington

US home prices rise to a new record

27/12/2016(0)
US home prices extended to their best levels since the financial crisis, according to the October reading of the S&P/Case-Shiller index. The national home-price index rose by 5.6% on ... Read More
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Toshiba may book loss of several hundreds of billion yen; stock tumbles 12 percent

27/12/2016(0)
Toshiba Corp (6502.T) said it may book a goodwill impairment loss of several hundreds of billion yen on a U.S. nuclear power acquisition – a shock warning that sent ... Read More
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Outlook for 2017

26/12/2016(0)
We exit 2016 on a tide of investor optimism. At long last, there will be a businessman in charge of the US economy in the form of a new ... Read More
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Italy creates $20 billion fund to back troubled banks

24/12/2016(0)
Italy’s government has set up a backstop fund to shore up troubled banks, setting the stage for the rescue of troubled Italian lender Banca Monte dei Paschi di Siena ... Read More
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