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Property Stocks In China Are Stumbling Due To Tax Concerns And Other Signals Of Instability

Property stocks in China slumped today as Beijing pressed ahead with plans for a property tax and new evidence of real estate market weakness emerged. However, the central bank’s efforts to assuage worries over China Evergrande Group’s (3333.HK) debt troubles, as well as Chinese developer Kaisa Group’s (1638.HK) coupon payment for a dollar bond, helping to …

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In The Firm’s Best Year So Far, Goldman Sachs Traders Achieve An Unexpected Profit Jump

Goldman Sachs Group Inc (GS.N) outshone the superlatives on Friday, reporting third-quarter revenues and profits that exceeded expectations across the board. Goldman Sachs Group Inc. reported a surprising increase in trading revenue, capping off a strong quarter for Wall Street’s major banks. The bank earned $5.28 billion, rising from $3.23 billion one year ago, capping …

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Stocks Rise As Inflation Fears Subside, But The Dollar Falls

Key point: Treasury bond yields straightens; dollar rise stops  Fed speakers, U.S. bank results, and PPI data to be released  China manufacturing sector inflation reaches new highs  Oil and gas prices are rising once more The stock markets around the world are rising. World markets remained focused on increasing inflation as tech stocks revived global …

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JP Morgan Chase Smashes Third-Quarter Profit Projections As Its Investment Banking Division Achieves New Highs

JP Morgan Chase announced third-quarter results on Wednesday exceeded forecasts thanks to a $1.5 billion boost from lower-than-expected loan losses. Advisory fees for mergers and acquisitions nearly tripled during the time, helping to boost quarterly net revenue to $11.7 billion. JP Morgan Chase surpassed analyst estimates for the third quarter on Wednesday, due to strong …

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According To The Bank Of England’s Deputy Governor, A Cryptocurrency Crash Is ‘Plausible,’ And Market Regulation Is Sorely Needed

Deputy Governor of the Bank of England Jon Cunliffe believes that a cryptocurrency market crash is “quite likely,” and that regulators around the world should seek crypto legislation “immediately.” While cryptocurrencies do not presently present a risk to the country’s financial stability, the deputy governor believes there are some “quite solid reasons” to believe this …

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