BNP Paribas Fortis sells 2% stake in Euronext

FILE PHOTO: A BNP Paribas logo is seen outside a bank office in Paris, France, August 6, 2018. REUTERS/Regis Duvignau/File PhotoPARIS (Reuters) – BNP Paribas Fortis said on Friday it sold a 2% stake in pan-European financial markets operator Euronext for 220 million euros ($259.09 million). The Belgian bank sold 2.2 million Euronext shares at 101 euros each in an […]

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Stocks fall as strong data sparks Fed tapering fears

Safest stock picks for today’s economy with greatest return Seaport Securities Teddy Weisberg and Prosper Trading Academy’s Scott Bauer share their market favorites. U.S. stock indexes turned lower Thursday as strong retail sales and jobs data allied fears the Federal Reserve could begin tapering its asset purchases later this year.   The Dow Jones Industrial Average fell 165 points, or […]

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European markets close higher, breaking from cautious global sentiment; Continental down 5%

Markets in Europe received a weak handover from Asia-Pacific, where Hong Kong's Hang Seng index led the declines among major indexes as casino shares plummeted amid regulatory worries. Stateside, the Dow Jones Industrial Average slipped despite better-than-expected August retail sales, as the latest weekly jobless claims report pointed to a mixed economic picture. LONDON — European stocks finished higher on […]

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Fidelity lobbies SEC for Bitcoin ETF

There are no approved ETFs for crypto in the US: Simonetti FOX Business’ Lauren Simonetti reports on CEO and CIO of Ark Invest Cathie Wood’s prediction that bitcoin will reach $500K by 2026 Fidelity Investments is lobbying the U.S. Securities and Exchange Commission (SEC) to approve the financial service company's Bitcoin exchange-traded fund (ETF) called Wise Origin Bitcoin Trust. The […]

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Blinken says France is vital Indo-Pacific partner

FILE PHOTO: U.S. Secretary of State Antony Blinken listens during a Senate Foreign Relations Committee hearing on Capitol Hill, in Washington, U.S., September 14, 2021. Drew Angerer/Pool via REUTERSWASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken said on Thursday that the United States welcomes European countries playing an important role in the Indo-Pacific and said France in particular is […]

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Aluminum prices soar in new construction headache

Housing market still seeing high demand despite sales drop: Home building executive Tri Pointe Homes CEO Doug Bauer comments on the drop in new home sales across the nation. Soaring aluminum prices are the latest worry for a construction industry that has been grappling with higher materials and labor costs as the U.S. economy emerges from the pandemic  The three-month […]

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Macau kicks off public gaming consultation ahead of casino rebidding

HONG KONG, Sept 15 (Reuters) – Macau’s government is due to begin a 45-day public gaming consultation starting Wednesday as it tries to gauge public consensus ahead of a closely watched rebidding of its multi-billion dollar casinos next year. Lei Wai Nong, secretary for economy and finance in the world’s biggest gambling hub, said the government will further promote the […]

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Wynn, Las Vegas Sands shares hit on China’s Macau plans

US ‘surrendering’ to China: Rep. Arrington Rep. Jodey Arrington, R-Texas, on President Biden’s first phone call with China President Xi Jinping since February. China may be stacking the chips against U.S. casino giants that do a large business in Macau, signaling a tougher operating environment in the region.  Shares of Wynn Resorts are on pace for the worst drop since […]

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