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November 23, 2006

Gov’t to partially keep tax break for capital gains on stocks

TOKYO — The Japanese government plans to partially retain a tax break for capital gains on stock trading for individual investors beyond its scheduled expiration in December 2007 to help prevent any sharp fall in stock prices, the Nihon Keizai Shimbun said in its Wednesday evening edition.

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Bank of New York Mellon is attractive play: Barron's

Bank of New York Mellon's lack of substantial credit exposure could make it an attractive core holding for investors and its stock should appreciate at a faster pace than its annual earnings growth, Barron's said on Sunday.

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LSE director: Re-introduce short-selling

Malaysia should re-introduce short-selling in stock trading because it is an important element in capital market flexibility, said London School of Economics director Sir Howard Davies.

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Fraud scam targets online stock trading

Online brokerage accounts have been looted to the tune of tens of millions of dollars in a fast-growing fraud that targets unsuspecting hotel guests and Internet café patrons.

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