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December 12, 2017 Politics
Bloomberg Honduran opposition leader Salvador Nasralla says he’s a moderate, pro-US candidate who Washington is wrong to fear, as he demands a full recount of ballots in a disputed election that has plunged the central American nation into its worst crisis in nearly a decade. Nasralla says he is a moderate who the US government has mistakenly branded a radical. ...
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December 12, 2017 Opinion
Bitcoin just passed its first major Wall Street test, but cryptocurrency bulls shouldn’t read too much into it. Bitcoin futures began trading on the evening of December 10, Sunday on the CBOE—the first ‘Wall Street’ exchange to list the digital currency — and the direction was straight up. By 11:30pm New York time, the contract had already been halted twice ...
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December 12, 2017 Opinion
The UK has long prided itself on being open for business. Its top 100 publicly traded companies derive most of their revenue from overseas and boast a higher proportion of foreign bosses than the US, Germany and France. But that diversity is starting to fade — just as Brexit looms large. Recruitment firm Robert Half estimated earlier this year that ...
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December 12, 2017 Opinion
Not tech, not interested.That seems to be the mantra of investors in Hong Kong as an instant-noodle spinoff fell as much as 12.4 percent in its debut on Monday and Hebei Construction Group Corp. was said to price its IPO at the bottom of the indicative range. The unit of Nissin Foods Co. is just one of a handful of ...
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December 12, 2017 Opinion
Drug prices are too high, and Congress lacks the political will to do anything about it. These are two of the most uncontroversial assertions in the contentious debate about US health care policy — and they explain why states should be allowed to act on their own. The high price of medicine is a familiar lament from presidents and pharmaceutical ...
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December 12, 2017 Opinion
In a recent Atlantic article, George Mason University economist Bryan Caplan declares that college is, mostly, a waste of time. Caplan’s claim is sure to appeal to those who feel that their own higher education was wasted, or who dislike colleges because of liberal campus politics. But his arguments against college are deeply flawed, and the country would be well-advised ...
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December 12, 2017 Opinion
Miniatures of ComfortDelgro Corp. taxis are popular children’s toys in Singapore. Not for long, though. The ubiquitous blue and yellow Toyota Crown cabs are leaving the realm of kids’ imagination and heading for grownup nostalgia. One day soon, they’ll belong in a museum. The end is nigh for the conventional taxi business, though that’s not what Comfort said in a ...
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December 12, 2017 Opinion
Barring a collapse in the last few weeks of the year, US stocks will post their ninth consecutive calendar-year gain once you include dividends. The only other time the S&P 500 has advanced for nine straight years on the basis of total returns was in the 1990s, when stocks were positive every year from 1991 to 1999. The S&P 500 ...
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December 12, 2017 Stocks
Bloomberg US stocks gained, the dollar advanced and Treasuries slipped after data showed signs of inflation in producer prices as the Federal Reserve starts its two-day meeting. The S&P 500 Index edged higher after closing at a record, and the other major US equity gauges were up. Telephone shares led gainers, and semiconductor stocks led decliners. European equities pushed to ...
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December 12, 2017 Gulf Stocks
Reuters Middle East stock markets mostly rose on Tuesday after the shutdown of a North Sea pipeline pushed Brent oil above $65 a barrel for the first time since mid-2015. The Saudi stock index gained 0.3 percent, with petrochemical companies, whose profit margins tend to benefit from higher oil prices, outperforming. Saudi Kayan added 3.7 percent and PetroRabigh rose 3.0 ...
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