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The NYSE and Nasdaq trading will be halted for trading today, for the first time in 27 years due to Hurricane Sandy. Evacuation orders have been put in place in low lying coastal areas on the North East of the United States due to the risk of flooding. The NYSE has revised its initial release that it was to close physical floor trading, to cease all trading on Monday and possibly Tuesday. Headlines Bank of England’s Spencer Dale has warned that Britain is heading into a sha…

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It came to light after the European close, the tax payer backed bank Royal Bank of Scotland (RBS) is in talks with the Abu Dhabi sovereign wealth to purchase a stake. Though these are high level talks, it has been announced that they are inpreliminarystages and the deal is not imminent. The coverage of the deal has been met with mixed reviews, the average purchase price of the government share of 82% was at roughly 49.9p and the share closed at 27.75p yesterday. The treasury does need to beg…

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