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Einhorn Adds Short Bets as Markets Rally Amid Economic Slump

Einhorn Adds Short Bets as Markets Rally Amid Economic Slump | EconMatters | Scoop.it
Hedge-fund manager David Einhorn reduced bets that stocks will rise as equities climbed to a five-year high while U.S. economic growth halted.
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The World's Richest People Lost $70 Billion Yesterday

The World's Richest People Lost $70 Billion Yesterday | EconMatters | Scoop.it
The world's 400 richest people lost a combined $70 billion on Monday as equity markets around the globe were hammered on fears about Greece and declines in China fueled by leveraged investors exiting the market
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Puerto Rico’s governor says island cannot pay back $70 billion in debt, is near ‘death spiral’

A default on the island’s massive debts could roil the stock and municipal bond markets and raise borrowing costs for state and local governments.
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Merkel and Hollande Turn Away From Greece

Merkel and Hollande Turn Away From Greece | EconMatters | Scoop.it

German Chancellor Angela Merkel and French President Francois Hollande signaled they’ve reached the limits of their ability to safeguard Greece, offering the government no further concessions to step back from the brink.

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Mexico announces underwater gas pipeline to Texas

Mexico announces underwater gas pipeline to Texas | EconMatters | Scoop.it
The gas pipeline is intended to go into operation in June 2018. 
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Iran has delivered 10 million barrels of oil to Syria this year, free of charge

Iran has delivered 10 million barrels of oil to Syria this year, free of charge | EconMatters | Scoop.it
Bloomberg Business delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
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Texas city leaders repeal voter-approved ban on hydraulic fracturing

Texas city leaders repeal voter-approved ban on hydraulic fracturing | EconMatters | Scoop.it
Leaders of a North Texas university town that was the first in the state to ban hydraulic fracturing repealed the voter-approved measure. 
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Eurozone talks end with no deal on Greece - BBC News

Eurozone talks end with no deal on Greece - BBC News | EconMatters | Scoop.it
A meeting of European finance ministers ends with no progress in negotiations over Greece.
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Yellen’s message today? Rate hikes are coming

Yellen’s message today? Rate hikes are coming | EconMatters | Scoop.it
Interest-rate hikes are coming. That will be Fed Chairwoman Janet Yellen’s message to markets today.
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Greece crisis: PM Tsipras tells creditors to 'get real'

Greece crisis: PM Tsipras tells creditors to 'get real' | EconMatters | Scoop.it
Greek leader Alexis Tsipras says his government will wait patiently for creditors to become "realistic", after debt talks in Brussels fail.
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CDC warns U.S. doctors to watch for MERS - CNN.com

CDC warns U.S. doctors to watch for MERS - CNN.com | EconMatters | Scoop.it
The CDC is putting U.S. doctors on notice that MERS may be coming to an exam room near them via patients who have traveled to South Korea.
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Did Facebook go public to make insiders rich?

Did Facebook go public to make insiders rich? | EconMatters | Scoop.it
Shareholder Julie Goodridge says Facebook's shareholder voting structure makes it look like FB went public so its insiders could get rich.
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Tsipras Asks European Union for a New Bailout Program

Tsipras Asks European Union for a New Bailout Program | EconMatters | Scoop.it

Greece’s government has asked for a two-year bailout program from the European Stability Mechanism, according to a statement from the office of Prime Minister Alexis Tsipras.

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Greece could face social unrest soon: Wilbur Ross

Greece could face social unrest soon: Wilbur Ross | EconMatters | Scoop.it
The deteriorating situation in Greece could get much worse, says billionaire Wilbur Ross—a view echoed by Robert Hormats, former Goldman Sachs International vice chairman.
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Greece's Creditors Offer $17.3 Billion Package to End Standoff

Greece’s creditors offered to unlock aid of as much as 15.5 billion euros ($17.3 billion) for the indebted country, as Prime Minister Alexis Tsipras lamented the tough conditions demanded in return for the deal.

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Courtney Love’s Car Attacked in Paris Amid Anti-Uber Cab Protest

Courtney Love’s Car Attacked in Paris Amid Anti-Uber Cab Protest | EconMatters | Scoop.it

Paris taxi drivers blocked access to the city’s Roissy and Orly airports and attacked the car of American rock singer Courtney Love in a protest against Uber Technologies Inc.’s app-based ride service.

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Tsipras to pick up talks with creditors after euro-area finance chiefs adjourned

Tsipras to pick up talks with creditors after euro-area finance chiefs adjourned | EconMatters | Scoop.it
Bloomberg Business delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
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Oil pressured by disappointing Chinese factory data, strong dollar

Oil pressured by disappointing Chinese factory data, strong dollar | EconMatters | Scoop.it
A general lack of bullish sentiment is weighing on the oil market, with API data ahead.
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Total Sells its interest of oil refinery in Germany to Rosneft

Total Sells its interest of oil refinery in Germany to Rosneft | EconMatters | Scoop.it
Total sold its 16.67% interest in Schwedt oil refinery in Germany to Rosneft. 
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IMF Warns No Leeway on Payment as Merkel Urges Greece to Bow

IMF Warns No Leeway on Payment as Merkel Urges Greece to Bow | EconMatters | Scoop.it
Bloomberg Business delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
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CVS Agrees to Buy Target’s Pharmacy Business for $1.9 Billion

CVS Agrees to Buy Target’s Pharmacy Business for $1.9 Billion | EconMatters | Scoop.it
Under the deal, CVS would acquire more than 1,600 pharmacies from Target in 47 states and operate them under its brand name within Target stores.
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Indonesia to rejoin OPEC in move to secure oil supplies

Indonesia to rejoin OPEC in move to secure oil supplies | EconMatters | Scoop.it
The Southeast Asian country left the group in 2008 amid declining oil reserves and investment. 
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175 Quadrillion Zimbabwean Dollars Are Now Worth $5

175 Quadrillion Zimbabwean Dollars Are Now Worth $5 | EconMatters | Scoop.it
The Zimbabwean dollar will be taken from circulation, formalizing a multi-currency system introduced in 2009 to help stem inflation and stabilize the economy.
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IMF walks out of Greece bailout talks

IMF walks out of Greece bailout talks | EconMatters | Scoop.it
Lender says its negotiating team are going home to Washington due to a lack of progress in narrowing key differences with Athens
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