Capital Market News
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Updated 1 hour, 40 minutes ago
Aldar Properties PJSC and Sorouh Real Estate PJSC, the Abu Dhabi companies set to merge next months, soared the most in almost eight years.
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Treasuries fell in the longest losing streak this year as the economy showed more signs of strength, prompting speculation the Federal Reserve may start to slow the pace of its monetary stimulus.
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Apache Corp., the third-worst performer this year among peer oil and natural gas producers, said target compensation for its chief executive officer was cut by 18 percent compared with reported 2012 compensation.
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Updated 2 hours, 50 minutes ago
Telus Corp.’s purchase of mobile- phone provider Mobilicity and the potential sale of another new entrant, Wind Mobile, is casting doubt on Canada’s ability to increase competition in the wireless market.
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Updated 2 hours, 43 minutes ago
Aruba Networks Inc. fell the most in in more than five years after the maker of wireless-network equipment forecast quarterly results that trailed analysts’ estimates amid increased competition from Cisco Systems Inc.
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Edmund Kim joined ONCAP Management Partners in Toronto as a director from M/C Partners in Boston where he was vice president, according to Vlaad and Co., a Toronto-based financial services recruiting firm.
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Diamond prices will rise an average 6 percent a year through 2020 as tight supply is unable to meet growing demand in China and India, BMO Capital Markets said.
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Fiat SpA’s deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. sparked concern among Italian unions and politicians about the plans of the country’s biggest manufacturer.
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Slaughter & May and Latham & Watkins LLP advised Thomas Cook Group Plc, the 172-year-old tour operator that required an emergency loan 18 months ago, on plans to raise 1.6 billion pounds ($2.4 billion) to restructure its borrowings as it cuts jobs and closes stores to pare costs.
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Indian stock-index futures gained, signaling benchmark indexes may extend a rally after climbing to the highest since November 2010 yesterday, as overseas funds continued record purchases of local shares.
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