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Dollar, euro slump versus yen on stock losses, China data
ReutersNEW YORK (Reuters) - The dollar was on track for its biggest daily drop in more than five weeks against the yen on Thursday after a sharp slide in Japanese stocks and weak Chinese factory activity data prompted a rush for the safe-haven Japanese currency....Tags: Inventories, Morgan Stanley Dean Witter & Company, Exports, Economic Policy, Stamford
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Global shares end lower in volatile session, dollar falls
ReutersNEW YORK (Reuters) - Stocks prices worldwide fell on Thursday as investors questioned the pace of economic growth and when the U.S. Federal Reserve's stimulus program would end. U.S. shares ended mildly lower after a volatile session, bucking the trend...Tags: Seoul (South Korea), Google Inc., Exports, Sumitomo Corporation, IBM
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Signs of weakness mar UK economic growth
ReutersLONDON (Reuters) - Britain's better-than-expected economic growth in the first quarter turns out to have been boosted by a rise in inventories, while consumer spending was weak and investment fell, raising questions whether the nascent recovery will last....Tags: Inventories, International Monetary Fund, United Kingdom, Money and Monetary Policy, Economic Indicator
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Bernanke's prepared testimony to Joint Economic Committee
ReutersWASHINGTON (Reuters) - Below is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday. Chairman Brady, Vice Chair Klobuchar, and other members of the...Tags: Employment Opportunities, Economy, Finance, Services and Shopping, U.S. Congress
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IMF says Egypt budget gap worrying, urges Yemen to finalize economic program
ReutersDUBAI (Reuters) - Egypt's worsening fiscal gap is a concern but the International Monetary Fund is still ready to continue talks on a $4.8 billion loan once Cairo completes a review of its economic program, a senior IMF official said. "We are ready to...Tags: Finance, International Monetary Fund, Government Debt, Economy, Business and Finance, Hosni Mubarak
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Awaiting rebound in Europe, Poland stifles growth at home
ReutersWARSAW (Reuters) - Poland has turned its back on policies that once made it Europe's growth leader and is flirting with the recession that it alone among its emerging European Union peers has evaded through years of crisis. It weathered the global...Tags: Warsaw (Poland), Labor Legislation, Economy, Finance, Economic Policy
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Ghana hopes to shield economy from African oil curse
Reuters* Economists cite risks of fiscal laxity, Dutch disease * Nigeria saw agricultural sector ravaged, corruption soar * Ghana wants to increase investment in cocoa sector * Ghana has strong democratic institutions, oil wealth funds By Matthew Mpoke...Tags: Conservation, Philosophy, Religion and Belief, Litigation and Regulation, Government
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Preparing for Asia's golden age
ReutersSINGAPORE (Reuters) - There is a new gold rush in the Asia-Pacific: rising incomes and consumer spending by Asia's fast-growing middle classes that is generating unprecedented opportunities for multinational firms. If western firms recognize those...Tags: India, International Trade, Singapore, Emerging Market, Asia
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CORRECTED-ANALYSIS-Little sign Abe can shake up Japan's inbound FDI
Reuters(Corrects third from last paragraph to show Renault took a stake in Nissan) * Japan PM Abe set to compile growth strategy in June * Previous growth strategies have fallen flat * FDI boost could show Abe serious about trying new policies By Stanley...Tags: Long Term Care, Automotive Equipment, United Kingdom, Standard & Poor's Financial Services LLC, Japan
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Analysis: Little sign Abe can shake up Japan's inbound FDI
ReutersTOKYO (Reuters) - Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades. Prime Minister Shinzo Abe pledged to make Japan "the world's easiest country...Tags: Long Term Care, Automotive Equipment, United Kingdom, Standard & Poor's Financial Services LLC, Japan
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Independent Scotland open to Cyprus-style bank risks, says Britain
ReutersLONDON (Reuters) - An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain's finance ministry says. Before a referendum due in September 2014 on whether Scotland...Tags: Finance, Government, Economy, Business and Finance, United Kingdom, Scotland
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Obama budget cuts deficit $1.1 trillion over decade: CBO
ReutersWASHINGTON (Reuters) - Near-term U.S. deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but $1.1 trillion lower than what it estimates over the coming decade, CBO said...Tags: U.S. Senate, White House, Weather, U.S. House of Representatives, Budget Control Act of 2011
May 23, 2013
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May 23, 2013
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May 19, 2013
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May 20, 2013
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May 19, 2013
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May 17, 2013
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