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Oil price probe widens, senator wants Justice Department help
ReutersLONDON/WASHINGTON (Reuters) - A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands, while a key U.S. senator on Friday called for the Justice Department to join the...Tags: Eric Holder, Commodity Markets, Royal Dutch Shell Plc, International Organizations, McGraw-Hill Incorporated
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Burbank's new mayor looking forward to a great year
As I begin my term as mayor, I want to take this opportunity to thank my colleagues on the council for giving me the honor to serve our community in this role. While I feel a sense of both pride and humility, my strongest feeling is a sense of urgency....Tags: Economy, Business and Finance, Finance, Financial Planning
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Glance: A look at the key institutions involved in the European Union's economy
Following the chaotic bailout of Cyprus, top European Union officials are saying it's time to rethink how the region manages its crisis — and who should be involved. Here is a look at the key institutions involved in Europe's economic policymaking:...Tags: European Union, Economy, Business and Finance, International Organizations, Christine Lagarde, Finance
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PRECIOUS-Gold hits 1-month low as Fed pressured to end stimulus
Reuters* US gold futures down 1.6 pct, down 5 pct on week * Traders see more losses, could take market to 2010 level * Fed officials pressure for stimulus end, driving dollar up * Strong US consumer data, stock market weigh on gold * Palladium, platinum...Tags: Consumers, Federal Reserve, Economy, Business and Finance, Car Safety Tips and Advice, Stock Market
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Investors dump Double B names as rates spike higher
ReutersBy Danielle Robinson and Joy Ferguson NEW YORK, May 17 (IFR) - If anyone needed evidence that parts of the high-yield bond market no longer offer protection against rising interest rates, then they received it this week, when the highest quality, longest...Tags: Univision (tv network), Federal Reserve, Economy, Business and Finance, The Bon-Ton Stores Inc., Finance
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Fed has not lowered interest rates enough: Kocherlakota
ReutersCHICAGO (Reuters) - The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low inflation and overly high unemployment over the next two to three...Tags: Economy, Business and Finance, Federal Reserve, Finance, Unemployment, Career and Workplace
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Yuan ends up vs dollar, PBOC signals further appreciation
Reuters* PBOC guides yuan higher with strong midpoint fixing * Traders raise yuan appreciation target to 6.0/dollar * SAFE data shows continued oversupply of dollars * Yuan REER up for 7th straight month in April - BIS data By Lu Jianxin and Pete Sweeney...Tags: Car Safety Tips and Advice, Weather, Weather Reports, Foreign Exchange Market, People's Bank
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Turkey welcomes Moody's upgrade, bond yields tumble
Reuters* Upgrade stamps approval on decade of reform * Move expected to boost investment flows * Bond yields hit record lows, Turkish lira weakens * Minister warns of lira appreciation pressure By Daren Butler ISTANBUL, May 17 (Reuters) - Turkey hailed...Tags: Economy, Business and Finance, European Union, Standard & Poor's Financial Services LLC, Turkey, Emerging Market
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US STOCKS-Futures advance with UMich data, leading indicators due
Reuters* University of Michigan consumer sentiment data, leading indicators on tap * J.C. Penney dips after earnings * Kansas City Southern to join S&P 500 * Futures up: Dow 39 pts, S&P 4.4 pts, Nasdaq 5.75 pts By Chuck Mikolajczak NEW YORK, May 17...Tags: Consumers, Credit Ratings, NASDAQ, JC Penney Company Inc., Stock Market
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GLOBAL MARKETS-Shares bounce off lows after talk of Fed QE exit
Reuters* Fed officials urge bank to begin stimulus withdrawal * Dollar rises to near 10-month highs * Bund future surges on talk ECB edging towards negative rates * European shares recover as investors buy the dips * Copper up for 2nd day after China data By...Tags: Federal Reserve, European Central Bank, Credit Ratings, Foreign Exchange Market, China
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ECB to keep monetary policy loose for as long as needed
ReutersORLEANS, France (Reuters) - The European Central Bank will keep its loose and growth-supportive monetary policy stance in place for "quite a long time", ECB executive board members said on Friday. With the euro zone economy stuck in recession, the ECB...Tags: Economy, Business and Finance, Finance, European Central Bank, Economic Policy, Foreign Exchange Market
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UPDATE 3-Mine union threatens to bring South Africa to "standstill"
Reuters* Mineworkers union leader demands meeting with Zuma * ANC deputy president says hard to tell what is going on * Rand slides to four-year low against dollar By Xola Potelwa RUSTENBURG, South Africa, May 17 (Reuters) - The leader of South Africa's...Tags: Lonmin Plc, Mining, Work Relations, Career and Workplace, Jacob Zuma
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