Nikkei Average index ends down as the yen strengthens, while Australia keeps gains after RBA holds rates steady. A mainland report that China could hike rates again weighs on investor sentiment in China, but Hong Kong shrugs off fear.
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" target="_blank">The government is selling its entire remaining 2.4 billion shares in Citi stock in a secondary offering Dec 6th night time.The government will now hold zero shares of Citi stock.Gasparino: Bank Of America Is Worried Next WikiLeaks Dump Will Contain Evidence Of Fraudulent Countrywide Loans.Charlie Gasparino told Shep Smith today that Bank of America has set up a "legal swat team" in case the next big WikiLeak is directed at them.The official line thus far is that they've had "no indication" they're being targeted, however Gasparino says he's spoken to a person who claims to have seen some of the bank-related documents and says that while they couldn't make out how damaging the documents were they "clearly pointed to Bank of America."The big fear inside Bank of America, says Gasparino, is that the documents will lead back to (BofA-owned) Countrywide Financial, and show that the subprime loans that Countrywide gave out to high-risk applicants were fraudulent."And if these gigabits of memos show that those were fraudulent loans that were given, especially during a housing bubble, Bank of America could be on the hook for billions of dollars. And that's what the big fear is in Bank of America."
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The Micex Stock Exchange in Moscow will start ruble-yuan trading next week as Russia and China seek to reduce the use of the U.S. dollar in bilateral transactions.The Micex, Russia’s biggest stock market by volume, expects about 3 million yuan ($451,128) to change hands per day when trading starts Dec. 15, according to a presentation in Moscow by Micex Vice President Igor Marich. Trading will last one hour, from 10 a.m. to 11 a.m. local time.http://online.wsj.com/article/BT-CO-20101206-701505.htmlRead more…
(Reuters) - President Barack Obama said on Monday he had reached an agreement with Republicans on how to extend expiring tax cuts.He said the compromise's provisions including a 2 percent payroll tax cut for next year, extending jobless benefits for 13 months and extending tax cuts for all Americans -- including the wealthiest -- for two years.
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Monthly Uptendline recommended to be bought at 9200.Target was hit on the 2nd of december,I gave a time span of 7 trading days.Wow! Talk about Christmas coming early.
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Chart speaks for itself since the very day I posted it.The Price movement and action is being a Law abiding citizen so far.If I have to Nail it for the 5th time,I'm gonna change my name from Scrat to Numero 5.
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