MONEY: China Slashes Rare Earth Exports AGAIN By 35%

December 30, 2010

Jobless claims lowest in more than two years

Reuters – 1 hr 24 mins ago WASHINGTON (Reuters) – New claims for unemployment benefits dropped more than expected last week to their lowest level in more than two years, suggesting the labor market recovery was gaining strength. Full Story »

  • China defends rare earth quotas as in line with WTO

    Reuters – Thu Dec 30, 5:49 am ET

    BEIJING (Reuters) – China defended its export controls on rare earth minerals on Thursday, saying that they were in line with World Trade Organization rules, after a government move to slash export quotas on rare earths sparked trade concerns. Full Story »

Gregory White | Dec. 30, 2010,

Here’s what you need to know:

  • The Carlyle Group has sold a $860 million portion of its position in China Pacific Insurance Group. The firm has made a significant profit on its original investment.
  • Ivory Coast’s crisis worsened overnight with the President’s supporters threatening to take over the base of his opposition on January 1. The UN now says the country, a key cocoa supplier, could be on the brink of genocide.
  • Bonus: Denise Richards was seen leaving a movie theater with her now boyfriend Nikki Sixx, of Motley Crue, last night.

Read more:

Pinafore Acquisitions Limited Tender Offer for Notes
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MARKET SNAPSHOT: U.S. Stocks Drop After Jobless, Manufacturing Data
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UPDATE: Carrefour Opens First Wholesale Store In India
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UPDATE: Chile Sept-Nov Unemployment 7.1% Vs 7.6% In Aug-Oct
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US Online Holiday Sales So Far Rise 13%: ComScore
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India Cabinet OKs Infusion Of INR12 Billion Equity Into Air India
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CIT To Redeem $500 Million Of Notes As It Continues Efforts To Cut Debt
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UPDATE: Airbus 2010 Order Intake At Least 50% Above Initial Forecast
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DATA SNAP: US Weekly Jobless Claims Hit Lowest Level Since July ’08
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Capital Shopping Shareholders Trim Stakes Below Simon Offer
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WPP Digital Buys US Digital Agency Blue State Digital
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CONSUMER FINANCE: Whether Mom Works Or Not, The Kids Are OK
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Chile Sept-Nov Unemployment Falls To 7.1% Vs 7.6% In Aug-Oct
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UK’s John Lewis Says Sales Off To A Strong Start
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Industrial Cos See Acquisitions As Hedge Against Slower ’11 Growth
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Denmark Terrorist Attack Suspects To Be Held For A Month
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Hungary Media Law Should Only Be Criticized On Abuse-Official
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Bomb Explodes Near Greek Embassy In Argentina
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Read more:

Read more:

  • WASHINGTON (Reuters) – A two-speed global recovery will extend into 2011, with growth slow in developed countries while emerging-market economies power ahead, the International Monetary Fund’s chief economist predicted on Thursday. Full Story »

  • FTSE opens higher after holiday break

    AFP – Wed Dec 29, 3:47 am ET

    London's leading stocks rose at the start of trading on Wednesday... AFP/File

    LONDON (AFP) – London’s leading stocks rose at the start of trading on Wednesday after the extended festive holiday. Full Story »

  • Spain reins in debt issuance ambitions in 2011

    Reuters – Wed Dec 29, 10:49 am ET

    MADRID (Reuters) – Spain aims to sell far less debt in 2011 than it did in 2010, keeping a lid on new issuance as it looks to balance deficit-reduction goals and a market seeking high returns to invest in peripheral euro zone economies. Full Story »

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