Money Matters
Macy’s to cut the senior management
The American department store chain Macy’s is going to cut down the upper management in order to save costs. Macy’s reported this when announcing results, without revealing concrete…
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Barrick Gold to take over Newmont Mining
Canadian Barrick Gold, the world’s largest gold producer, has launched a hostile takeover bid for the US company Newmont Mining. The bid has a value of almost 18…
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ArcelorMittal in Saudi Arabia is ‘technically in default’
The Saudi steel pipe factory Al Jubail, of which ArcelorMittal is joint owner, is struggling with problems. According to ArcelorMittal’s annual report, the joint venture has been ‘technically…
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World trade is continuing a declining trend
World trade volume decreased by 1.7 percent in December last year compared to a month earlier. This is evident from the monthly World Trade Monitor of the Netherlands…
Continue ReadingRumors of progress in trade negotiations pushes Wall Street higher
The stock exchanges in the United States are expected to open higher on Friday. Investors respond to the news that trade negotiations between the US and China will…
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Pershing shows outstanding performance thanks to Lowe, Starbucks and Chipotle
The Amsterdam-based Pershing investment fund has grown almost a quarter this year. The investment company of hedge fund manager Bill Ackman earned a lot of money from retail…
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Oil price rises after panic at OPEC
The oil price has risen sharply on Tuesday. The cartel OPEC anticipates a declining demand for crude oil, production also fell sharply last month. This follows from the…
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