Michael Saunders News
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Swiss National Bank President President Thomas Jordan is unlikely to make good on his threat of negative interest rates for now so as not to fuel the booming housing market, economists said.
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Curtis Granderson played his first game this season as the New York Yankees rallied from a 3-0 deficit at home to beat the Seattle Mariners 4-3.
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As Irish bonds extend their rally, the gains for investors may be disguising a different story.
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Bank of England policy makers will today consider restarting asset purchases and a range of other measures as they redouble efforts to revive Britain’s economy.
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Incoming Bank of England Governor Mark Carney was handed scope to pursue “escape velocity” for the U.K. economy so long as it doesn’t come at the cost of surging inflation.
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Investors face a 50 percent chance of sharing in losses in Irish government debt, Citigroup Inc. economist Michael Saunders said.
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U.K. industrial production unexpectedly fell in January as factory output slumped, fueling concerns that Britain may slip into a triple-dip recession.
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Lloyds Banking Group Plc and Banco Santander SA led a drop in U.K. lending in the fourth quarter as the Bank of England said its credit-boosting program will “take time” to feed through to loan growth.
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As Irish ministers promote the nation’s economic revival on St. Patrick’s Day after selling bonds this week, there’s one topic to avoid: debt.
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Top Bordeaux 2011 wines including Chateau Lafite-Rothschild and Chateau Cos d’Estournel are selling for between 30 percent and 45 percent below recent vintages after investment demand for the exceptional 2009s and 2010s sapped buyers’ appetite for less-powerful new clarets.
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