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World News

Cash Allocations Send an Ominous Signal

According to Bank of America, institutional fund managers are sitting on record low cash allocations as they increase their equity holdings. Bank of America believes this is a contrarian indicator warning that a decline could be nearing.…

Oil prices rise 1% in thin pre-holiday trade

By Laila Kearney and Paul Carsten NEW YORK/LONDON (Reuters) -Oil prices rose more than 1% on Tuesday, reversing the prior session's losses on a brightening short-term outlook tied to the prospect of slightly tightening supplies as trade…