Jim McDonald News
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China’s new-home prices rose last month in 68 out of 70 cities tracked by the government, indicating Premier Li Keqiang will need to maintain efforts to cool the property market even as economic growth slows.
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Billionaire investor George Soros joined Northern Trust Corp. and BlackRock Inc. in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month, while John Paulson maintained a stake that lost about $165 million in the first quarter.
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U.S. retail sales dropped for a second month, indicating consumer spending slowed as the second quarter began, data in the coming week may show.
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U.S. Federal Reserve Chairman Ben S. Bernanke and European Central Bank President Mario Draghi each will give speeches in the coming week.
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Commercial banks may create digital currencies to rival Bitcoin, the virtual money whose U.S. dollar value collapsed by 46 percent in 24 hours last month, the head of New Zealand’s banking lobby said today.
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Global stocks rose in April, beating bonds, the dollar and commodities for a second month, as gold and copper slumped into bear markets and investors bet equities will benefit from unprecedented economic stimulus.
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The Great Barrier Reef should be placed on a list of World Heritage sites in danger if Australia doesn’t limit the building of new coal export terminals and improve water quality, the United Nations said.
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The European Central Bank is likely to cut its benchmark rate in the coming week to keep the recovery it forecasts for later this year on track. The U.S. Federal Reserve will probably vote to continue its record bond- buying program.
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Haruki Uemura may step down after independent investigation finds the All Japan Judo Federation president received 400,000 yen from the 1.2 million yen per coach annual subsidies provided by the Japan Sport Council, Yomiuri reports, citing Uemura speaking at a press conference yesterday. * Uemura may resign in June: report
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The European Central Bank is likely to cut its benchmark rate in the coming week to keep the recovery it forecasts for later this year on track. The U.S. Federal Reserve will probably vote to continue its record bond- buying program.
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