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HFs should be reclassified: BoNY Mellon Study | |||||||
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Hedging Interest-rate risk in US is cheaper now | |||||||
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Dutch Pension Funds beckoned for support to local HFs | |||||||
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CFTC proposes more regulations for OTC markets | |||||||
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U.K. Budget deficit would surpass Darling's forecast: NIESR | |||||||
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Crude Oil above $93 | |||||||
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Burgeoning China’s endeavor to halt inflation | |||||||
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Indian IT to target Asian markets | |||||||
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Billions in housing wealth at risk as foreclosures soar More than $23.6 billion in California housing wealth will evaporate if real estate prices continue to decline and foreclosures on subprime home loans soar, according to a new congressional report that indicates the fallout from the national mortgage crisis is worsening. In addition, over the next two years, the state will lose nearly $111 million in tax revenue from the forecast repossession of 191,000 homes and the spillover effect on neighboring property values, said the study, released Thursday by the Senate Joint Economic Committee. (Read more…) |
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