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Orlando Shooting Incident Results in Jump in US Firearms Maker’s Shares

Expectations of a spike in firearm sales led to the shares of U.S. firearm makers surging following wide spread and renewed fears of tighter gun control after the deadliest mass shooting in U.S. history in Orlando. While the sale of Sturm Ruger & Co Inc  jumped 10.7 percent, the sale of...

Europe Weighs down Global Stocks Despite being on a High

Weighed down by a weak start to the session in Europe and political concerns that sent Germany's 10-year government bond yield to a record low, world stocks struggled to build on six-week highs after mixed Chinese data.   After two days of gains pushed the pan-European FTSEurofirst 300 index...

Reduce Barrier to Foreign Business, US tells China

Claiming that in recent months, there has been a raise in concerns due to a more complex regulatory environment in China, senior U.S. officials pressed China again on Tuesday to reduce barriers for foreign businesses.   Following the roll-out of a national security law limiting the use of...

Signaling Signs of Life for Singapore’s Office Market, BlackRock makes a $2.5 Billion Sale

The office real estate market in Singapore has been in recent times gripped by worries about oversupply and rising vacancies. Amidst this the announcement of BlackRock Inc about the sale of a 43-storey Singapore office tower for $2.5 billion - one of at least three office building deals in the last...

Dozens of Cybersecurity Breaches Shown in US Fed Records: Reuters

US Fed records show that the agency had detected many cases of internal espionage in more than 50 cases of cyber breaches between 2011 and 2015.   Reuters reported that in many of the incidents, the central bank's staff suspected hackers or spies, the records show. The Fed's computer systems...

Warnings on U.S. Financial Security Issued by NY Lawmaker after SWIFT Attacks

US’s top banking regulators have been asked to note that the recent hacks of international banks through the SWIFT messaging system raise serious questions about cyber-related risks to U.S. firms by the Representative Carolyn Maloney in a letter that Maloney wrote on Monday regulators who had asked...

A Unique Metal that is Very rare and Little Understood and yet in Demand

While most of the metals have lost their luster   during the commodity slump, there’s at least one metal that’s been attracting a lot of attention.   A metal - Niobium used to produce stronger, lighter steel for industrial pipes and aircraft parts, is mined in only three places on...

Gold Holdings Surge 25% Faltering Central Bankers’ Wisdom

There is pace in the great gold rush of 2016. With investors taking advantage of lower prices over the past two weeks to enlarge stakes on rising concern about central bank policy making worldwide, holdings in exchange-traded funds have now surged by a quarter.   After bottoming at a...

Advice Sought by China From Britain on Creating Financial Super-Regulator

As China looks to improve financial oversight following last year's stock market crash, it has asked Britain for advice on plans to create a financial super-regulator, reported Reuters quoting sources with knowledge of the talks.   Notwithstanding this week's gaffe by Queen Elizabeth, who...

Based on Images Think Tank says North Korea may be Preparing for 5ht Nuclear Test

Judging by commercial satellite images of the country's nuclear test site taken on May 5, a U.S. think tank said that North Korea may be preparing to carry out a fifth nuclear test in the near future.   The images showed vehicle movement at the site "not often seen there except during...

As Mega-Mergers Fall Apart Deal Scrapheap Starts to Fill Up

The junkyard for scrapped deals is getting crowded.   According to data compiled by Bloomberg about nine percent of the $3.2 trillion in deals announced in the past eight months -- worth $294 billion -- have already fallen apart.   Despite overall deal volumes only ticking...

Beauty Brands Eye up Iran as Market Opens up to International Brands

Cosmetics sales in Iran are among the highest in the Middle East, despite -- or perhaps partly because of -- strict Islamic dress codes.    Many women express their individuality with lipstick, mascara and nail polish in styles that would seem elaborate by Western standards even as they...
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