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Banks buy gold for zombie apocalypse

David Fickling The instruction manual for surviving a zombie apocalypse is pretty straightforward. Once you’ve kitted out your bunker with canned goods and firearms, get a supply of bullion. You’ll need it to buy bullets and bribe your way out of a death fight in Thunderdome. That’s a line of thinking you might associate with cranky gold bugs, but it’s ...

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‘Sufficiently restrictive’ is the Fed’s new buzzword

Jonathan Levin When it comes to communicating its outlook for monetary policy, the Federal Reserve is famous for using overly vague language that can be interpreted any number of ways. The latest example came last week in the central bank’s statement explaining its decision to again raise interest rates by 0.75 percentage point. And if you can decipher the meaning ...

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Adani to buy stake in Indian Oiltanking for $129 million

Adani Ports and Special Economic Zone Ltd. has agreed to buy a 49.38% stake in liquid storage facility company Indian Oiltanking Ltd. for 10.5 billion rupees ($129 million) as its billionaire founder, Gautam Adani, seeks to bolster cargo handling operations in India. Adani group’s listed port company has also agreed to buy an additional 10% equity stake in IOT Utkal ...

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