Dutch king talks return to Chicago

By Meghan Morris

THE HAGUE, the Netherlands — The Dutch king–who attended Northwestern University–is looking forward to meeting with Chicago leaders, he said in an interview Wednesday. Continue reading

Experts: Recent Spikes in Stocks to Further Boost Interest in China Funds

By Lucy Ren

Despite recent slowdowns in the Chinese economy’s growth rate and persisting market vulnerability, the Chinese stock market has rallied to a seven-year high. Market experts anticipate greater momentum for growth and interest in the Chinese market despite its irrational nature.

In May the Shanghai Stock Exchange Composite Index bounded up 8.3 percent to 4657.6, the highest level since December 2007. The Hong Kong benchmark Hang Seng Index soared almost 13 percent in April, marking the largest monthly gain since April 2009. By contrast, the Hong Kong index experenced just moderate fluctuation in May, closing at 27992.8 on Friday.

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VIDEO: Wallabies to run on Soldier Field

By Brian MacIver

Justin Biggs remembers the All Blacks November visit to Chicago.

“Euphoria. Everyone knew this was the first time in a very long time that this had happened. It was just a buzzing. Everyone singing, dancing, having a few drinks. Just having a genuinely good time.”

The Australian consulate employee will get to chance to cheer on his home country’s rugby team as the Australian Wallabies, one of the world’s best rugby clubs, will come to Soldier Field on Sept. 5 to play the USA Eagles.

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High profile “spoofing” cases put traders on edge

By Lucy Ren

Traders are on notice and looking for ways to avoid even the appearance of being market manipulators as prosecutors and regulators crack down on spoofing, an illegal practice that was blamed in part for setting off a “flash crash” in 2010.

Spoofing involves pushing a market price in one direction by entering large numbers of orders, then quickly canceling them. This tricks other investors into buying or selling at artificially high or low prices.

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Analysts see opportunity in Macy’s shares

By Siyuan Du

Macy’s Inc. struggled with falling sales and slim profits in the first quarter, but analysts see opportunity in the shares.

Since reporting quarterly earnings that fell short of Wall Street estimates and an unexpected 0.7 percent drop in sales last week, shares of the department store retailer have climbed 7 percent to $68.11 at Friday’s close.

Over the past year, Macy’s stock has risen 20.7 percent, compared with a 13.5 percent increase for the Standard & Poor’s 500 index.

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