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WRAPUP 2-Germany ekes out growth, France slides into recession
Reuters* Germany returns to anaemic growth * France shrinks 0.2 percent * Euro zone likely to remain in recession * Italy suffers seventh quarter of decline By Sarah Marsh and Ingrid Melander BERLIN/PARIS, May 15 (Reuters) - Germany's economy crept back...Tags: Germany, Foreign Exchange Market, Czech Republic, Economy, Business and Finance, France
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France slips into shallow recession
ReutersPARIS (Reuters) - France entered a shallow recession in the first three months of the year as the economy contracted by 0.2 percent because of weak exports, investment and household spending, preliminary data from the INSEE statistics agency showed on...Tags: Francois Hollande, France
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Rising revenues to shrink deficit rapidly through 2015: CBO
ReutersWASHINGTON (Reuters) - The deficit is shrinking considerably more quickly than previously thought, the Congressional Budget Office said on Tuesday in a report that could sap Congress' sense of urgency to find further budget savings. In one fell swoop,...Tags: Fannie Mae, U.S. Congress, Government Health Care, Gross Domestic Product, Personal Income
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Indian shares jump over 2 pct; RBI governor sparks rate cut hopes
Reuters* BSE index gains 2.49 pct; NSE ends 2.52 pct higher * Banks rally on rate cut hopes * Bond yields drop as much as 39 bps since RBI's review on May 3 By Abhishek Vishnoi MUMBAI, May 15 (Reuters) - Indian shares rose more than 2 percent on Wednesday to...Tags: Money and Monetary Policy, Economy, Business and Finance, ICICI Bank Limited, Inflation and Deflation, Novelis Incorporated
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Federal deficit shrinks at surprising rate
WASHINGTON — The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the Congressional Budget Office said Tuesday in a report that could strengthen the Obama...
Tags: Elections, Eric Cantor, Government Health Care, Gross Domestic Product, Government Debt
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TREASURIES-Prices rise as manufacturing, inflation data weak
Reuters* NY Fed manufacturing shrinks, despite expectations for growth * Producer price index shows biggest decline in three years * Euro zone posts sixth straight quarter of contraction By Luciana Lopez NEW YORK, May 15 (Reuters) - Prices for U.S. Treasuries...Tags: Unemployment Rate, Employment Opportunities, Employment, Career and Workplace, Labor Markets
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Prices rise as manufacturing, inflation data weak
ReutersNEW YORK (Reuters) - Prices for Treasuries rose on Wednesday after a week of losses, as poor data on manufacturing pointed to lingering weakness in the economy and price pressures remained subdued. The New York Fed manufacturing index unexpectedly shrank...Tags: Central Bank, Federal Reserve, Unemployment Rate, Employment Opportunities, Employment
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Exclusive: Ghana plans up to $1 billion Eurobond in 2013
ReutersACCRA (Reuters) - Ghana plans a Eurobond worth up to $1 billion to refinance debt and fund infrastructure projects, its vice president said, adding to the list of developing countries tapping yield-hungry investors to bolster their economies. "We are...Tags: New Products, Nigeria, Zambia, Government Debt, Economy, Business and Finance
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Bank of England's King offers parting optimism on UK economy
ReutersLONDON (Reuters) - Bank of England Governor Mervyn King offered some rare good news for Britain's economy on Wednesday when he presented his final set of economic forecasts before stepping down after more than 20 years at the bank. For the first time...Tags: Economy, Money and Monetary Policy, Economy, Business and Finance, Credit and Debt, Inflation and Deflation
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WRAPUP 1-Canadian April home sales edge up from March, down on year
Reuters* Home sales up 0.6 percent in April from March, down 3.1 percent on year * Price index rose 2.2 percent in April * Economist sees stabilization in housing market By Andrea Hopkins TORONTO, May 15 (Reuters) - Canadian home sales rose in April, the...Tags: Canada, Real Estate Sales, Services and Shopping, Homes, Real Estate
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Latin America tax revenue cut by evasion, write-offs -IADB
ReutersMEXICO CITY, May 14 (Reuters) - Latin American countries do not tax the rich enough, offer too many tax breaks and fail to punish rampant tax evasion, meaning they are unable to raise enough revenue to properly combat poverty and boost development, the...Tags: Politics, Gross Domestic Product, Personal Income, Taxation, Carlos Slim
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Kazakhstan's GDP growth slows to 4.6 pct in Q1 yr/yr
ReutersALMATY, May 15 (Reuters) - Kazakhstan's gross domestic product growth slowed to 4.6 percent in year-on-year terms in the first quarter of this year from a 5.6 percent rise in the same period of 2012, the State Statistics Agency said on Wednesday. Central...Tags: Kazakhstan
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