Price Levels News
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Cementos Argos SA fell the most in a week as traders discounted the Colombian cement maker’s common stock on the first day of trading for its new preferred shares, which pay a higher dividend.
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Global financial supervisors are reviewing whether benchmark price-setters for the oil market are meeting international standards amid a European Union probe into potential manipulation of the $3.4 trillion-a-year crude market.
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Two weeks after Royal Dutch Shell Plc and Platts changed the way more than half of the world’s crude is valued, the companies along with BP Plc and Statoil ASA are being probed by European antitrust regulators about potential manipulation of oil prices.
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Investors in structured notes tied to gold exacerbated the biggest slump in prices since 1980 as they sold the precious metal to contain losses on the securities, according to BNP Paribas SA.
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Israel Chemicals Ltd. advanced the most in more than a week on bets declines last month after Potash Corp. of Saskatchewan Inc. scrapped a proposed takeover bid were overdone.
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Leon Black, chief executive officer of buyout firm Apollo Global Management LLC, said prices for traditional buyouts have risen so much that it’s a good time to sell.
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Federal Reserve policy makers may shift discussion away from when to reduce monetary stimulus, given data showing the economy is weakening, according to Pacific Investment Management Co.’s Mohamed A. El-Erian.
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The following is the text of the Federal Reserve Board’s Third District-- Philadelphia.
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Following is a summary of U.S. economic conditions as reported by the 12 Federal Reserve district banks in the central bank’s latest regional survey, also known as the Beige Book.
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Calling a $47,000 car cheap might seem crass. But it’s a rare day to find a Jaguar for less than $50,000, especially one that looks as good as the XF sedan.
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