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China deals on the rise, but bankers hard to find

Chinese demand has already fuelled booms in markets from copper to shipping, but the rise of the world's fastest growing economy is also driving up prices for another hot commodity: bilingual bankers.

Credit concerns drive Wall Street lower

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U.S. stocks fell on Thursday on mounting concerns that credit market upheaval will erode bank profits and hold back consumer spending, but optimism about corporate investment helped lift technology shares.

Wall St fades on credit, profit concerns

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U.S. stocks fell on Thursday as financial stocks dropped on credit worries, overshadowing earlier optimism about technology company profits. Lehman Brothers slashed earnings estimates on four top Wall Street banks, adding its voice to the chorus of widely followed research analysts warning credit turmoil would cut into bank profits.
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Liquidators assess bankrupt Australian Basis fund

An Australian hedge fund felled by its exposure to risky credit derivatives filed for bankruptcy protection in the United States, and liquidators on Thursday were assessing how much money, if any, would be returned to investors.
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Ex-Goldman analyst pleads guilty to insider trading

A former Goldman Sachs Group Inc bond analyst pleaded guilty on Tuesday to helping lead a far-flung insider trading scheme involving tips about pending mergers and stolen copies of BusinessWeek magazine that netted more than $6.7 million in illicit gains.
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Economy, credit worries drive Wall St down sharply

U.S. stock indexes tumbled more than 2 percent on Tuesday after Merrill Lynch warned that ailing credit markets will hurt bank profits, while reports showing eroding consumer confidence and falling home prices added to concerns about the economy.
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Housing, growth worries trip up Wall Street

U.S. stocks fell on Monday after data showed the number of unsold homes reached its highest level in more than 15 years in July, adding to concerns about the housing market and consumer spending. Bank shares fell on nagging credit worries after Goldman Sachs slashed its earnings forcast on Lehman Brothers, Bear Stearns and Morgan Stanley.
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Wall Street results face scrutiny for summer meltdown

An end to Wall Street's streak of rising profits in the third quarter is built into investor expectations, but the top brokerages' results will still face scrutiny next month to see just how they value assets bloodied by the summer market meltdown.
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Bank of America invests $2 bln in Countrywide

Countrywide Financial Corp on Wednesday received a $2 billion injection from Bank of America Corp, helping the largest U.S. mortgage lender shore up its finances as it struggles with a liquidity crunch.
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Top China lender ICBC's profit surges

Industrial and Commercial Bank of China Ltd, the world's biggest bank by market capitalisation, beat forecasts with a 61.6 percent jump in first-half profit, helped by widening interest margins and fee income growth.
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U.S. files fraud charges against Sentinel

The U.S. Securities and Exchange Commission filed civil fraud charges on Monday against Sentinel Management Group Inc, the cash management firm serving the U.S. futures industry that filed for Chapter 11 bankruptcy protection late on Friday.
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Major banks meet with policy officials, praise Fed's move

A group of major banks meeting in a conference call with U.S. monetary policy officials expressed strong support for the Federal Reserve's move on Friday to bring stability to volatile financial markets by reducing the discount lending rate.
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Bonds rise as markets brace for protracted crisis

U.S. Treasuries climbed on Tuesday after several Canadian investment trusts had trouble repaying short-term loans, further evidence that a crisis that began in mortgages has led to a wider credit crunch.
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Oil up on storm concerns

Oil prices rose on Tuesday as concerns about a newly formed tropical storm in the Atlantic countered fresh troubles in credit markets.
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Citi, Lehman, others start trading platform

Five banks, including Citigroup, Lehman Brothers Holdings Inc., and Merrill Lynch & Co. Inc., said on Tuesday they were setting up a trading platform for privately offered stocks, seeking to tap the growing market for non-public shares.
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UBS CFO says market needs more subprime info

Intervention by central banks has staved off a crisis, but investors need to know more about the true state of U.S. mortgage markets before calm can be restored to markets, a top manager at UBS said.
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Stocks edge up as financials lose steam

Stocks edged higher on Monday after central banks pumped more cash into the global financial system and a report showed U.S. consumers spent more freely than expected last month.
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Goldman, others investing $3 billion in hedge fund

Investment bank Goldman Sachs Group said on Monday it and outside investors would pour $3 billion of new capital into Goldman's Global Equity Opportunities fund, a long-short quantitative hedge fund hurt by recent market volatility. In the statement, Goldman acknowledged for the first time that market conditions had led to fund losses.
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Volatile but valuable

On the heels of a crisis, investment bank shares are looking cheap. Some say it's a great time to buy.
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Wall St does not see imminent rate cut from Fed

Wall Street economists do not foresee an imminent interest rate cut from the Federal Reserve despite a credit squeeze that is pressuring financial markets and forcing central banks to funnel liquidity into the system.
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Credit worries send stocks tumbling

Stocks tumbled on Thursday, with the Dow and S&P down nearly 3 percent, after a French bank froze three funds that invested in U.S. subprime mortgages, prompting central banks to take steps to calm investors. Evidence the U.S. mortgage market crisis was having a global impact and spreading to other markets hammered financial stocks.

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