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Despite raids, Macau pawn shops still help flout currency rules

* Five Macau pawn shops raided by police this week * Gamblers use the shops to skirt China's currency export caps * Despite raids, pawn shops still letting people exceed caps * Estimated HK$1.57 tln a year channelled through Macau HONG KONG, Aug 30 (Reuters) - Just days after authorities raided five pawn shops in the Chinese territory Macau, many of the neon-lit stores in the world's biggest ...
Source: Reuters | By: Farah Master
UPDATE 1-Poll lead for Greece's Syriza narrows as Tsipras presses for new mandate

mandate@ * Leftist party just 1.5 points ahead - Alco poll * Lead over conservatives has shrunk in recent polls * Two thirds believe Tsipras was wrong to call snap polls * IMF's Lagarde says debt restructure may suffice (Adds latest polls, Tsipras quote) ATHENS, Aug 29 (Reuters) - Former Greek premier Alexis Tsipras urged supporters on Saturday to give him a fresh mandate to complete the ...
Source: Reuters | By: as much as 15.2 percentage points in May. But the gap has
After legal battle, Utah town to allow chain restaurants

SALT LAKE CITY (AP) - A small Utah town outside Zion National Park has repealed a ban on chain restaurants, clearing the way for one of the country's biggest fast food chains to open amid Springdale's mom-and-pop restaurants. Resident Jack Fotheringham and his business partners have been trying to open a Subway sandwich shop since 2006, all while fighting with the town over a law passed that ...
Source: The Associated Press | By: By MICHELLE L. PRICE, Associated Press
Fed Vice Chair Fischer keeps open possibility of Sept. hike

WASHINGTON (AP) - Federal Reserve Vice Chairman Stanley Fischer left the door open Saturday for a Fed rate increase in September, saying the factors that have kept inflation below the central bank's target level have likely begun to fade. Fischer said there's "good reason to believe that inflation will move higher as the forces holding down inflation dissipate further." He said, for example, ...
Source: The Associated Press | By: By MARTIN CRUTSINGER, AP Economics Writer
Algae drives down property values on Lake Champlain

GEORGIA, Vt. (AP) - The two cottages on the shore of Lake Champlain will someday be passed down to her children but Enid Letourneau worries the algae that turns the shoreline pea-soup green each August means they won't amount to much of an inheritance. "Would you go swimming in that? Would you let your grandchildren go swimming in there?" Letourneau said, pointing to the water around her dock ...
Source: The Associated Press | By: By LISA RATHKE, Associated Press
Is Europe's migrant crisis getting out of hand?

Death and desperation mounted in Europe's migrant crisis Friday as Austrian police said 71 people appeared to have suffocated in the back of an abandoned truck, while an estimated 200 people were feared drowned off Libya when two overloaded boats capsized. More than 300,000 people have sought to cross the Mediterranean Sea so far in 2015, up from 219,000 in all of last year, as European ...
Source: The Associated Press
DIARY- Top Economic Events to Sept 12

Aug 29 (Reuters) - For other diaries, please see: U.S. Federal Reserve Polling unit diary Today in Washington Political and general news Index of all diaries Major central bank events ** This Diary is filed daily ** ----------------------------------------------------------- SATURDAY, AUGUST 29 JACKSON HOLE - Federal Reserve Vice Chair Stanley Fischer participates in "U.S. Inflation ...
Source: Reuters
Cramer Remix: The fastest growing company on Earth

Jim Cramer knows that it is very tempting after the recent rally this week for investors to want to sell FANG, Cramer's acronym for Facebook (NASDAQ: FB), Amazon (NASDAQ: AMZN), Netflix (NASDAQ: NFLX) and Google (NASDAQ: GOOGL). FANG has been the leader of the market but took a nosedive with the rest of stocks in this week's selloff. So, now that they have bounced back, Cramer can see ...
Source: CNBC.com | By: Abigail Stevenson
Traders gear up for volatility, big jobs Friday

Traders emerging from one of the most turbulent weeks for stocks in history will likely need to brace for more volatility as the Street gears up for next week's jobs report. While stocks Friday traded within a relatively tight range and ended just around the flatline, the VIX held little changed near 26. "You can see these futures are being pulled higher with the cash," said Daniel Deming, ...
Source: CNBC.com | By: Evelyn Cheng
Cramer: Big lessons from this week's flash crash

Some may think that since the market has settled down nothing really happened this week. Jim Cramer disagreed, calling it one of the most monumental weeks in years. It was a week that displayed unprecedented volatility and the eye-popping frailty of equities. "We traveled about 10,000 Dow (Dow Jones Global Indexes: .DJI) points up and down for the week in total-a roller coaster that simply ...
Source: CNBC.com | By: Abigail Stevenson