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Original post by FeedZilla
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Original post by FeedZilla
NEW YORK (MarketWatch) — U.S. stocks will continue to fall next week, in continuation of a sell-off that saw the Dow Jones Industrial Average experience its worst week in over four years, due to nervousness that the easy-money binge of the last few years has come to an end.
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In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of July 23-27:
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NEW YORK (MarketWatch) - U.S. stocks accelerated their losses into Friday’s close, capping the Dow Jones Industrial Average’s worst week in more than four years, as ongoing worries about deal-financing overshadowed largely positive economic data.
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DARNESTOWN, MD (MarketWatch) — We have had a soft spot in our heart for Subarus for many, many years. In the late 70’s a move to bucolic Bradford, N.H., brought a Brat into our driveway.
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Dana Gas has postponed the pricing of its convertible sukuk issue due to the recent volatility in international credit markets. Dana Gas was advised by Barclays Capital and Citi, the joint lead managers and bookrunners, to delay the pricing until September. The issue was announced earlier this month.
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The Qatar Real Estate Investment Company’s $300m sukuk has been priced despite the fact that several other issuances out of the GCC have been cancelled or delayed due to volatile international market conditions. The final pricing of US dollar Libor plus 73 basis points is inside the initial price guidance of plus 75bps. The Middle East accounted for 70% of the issue, Europe 27% and Asia 3%.
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The privatisation of some of the Kuwait Petroleum Corporation’s sectors has been delayed until the National Assembly approves the privatisation law, according to the firm’s Deputy Chairman and CEO Saad Al Shuwayib and cited by the KUNA. Al Shuwayib said the process had been halted to allow guarantees for a sizeable national workforce to be established. The Higher Petroleum Council will decide the next step once the law is approved.
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This drop feels catastrophic, but the long overdue pullback will soon present a good buying opportunity
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Wall Street extended its steep decline Friday, propelling the Dow Jones industrials down more than 500 points over two days after investors gave in to mounting concerns that borrowing costs would climb for both companies and homeowners.
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