World Week Ahead: Stocks power higher

Sun, 23 Nov 2014

By Margreet Dietz Nov. 24 (BusinessDesk) - Wall Street begins a holiday-shortened week at record highs as investors eye a meeting of the world’s top oil exporters to see whether they will curb production amid an extended slump in the commodity’s price. Helping bolster the mood on markets worldwide on Friday, China unexpectedly lowered interest rates for the first time since July 2012, while European Central Bank President Mario Draghi pledged that policy makers “will do what we must to raise inflation and inflation expectations as fast a...

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