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Brown 'an optimist' over UK economy - PA
- 5 Hours ago
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Gordon Brown has brushed aside gloomy economic news, insisting he remained an 'optimist' over the future of the country's finances. The Prime Minister, speaking as the Cabinet met in Nottingham on its
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EAC common market protocol to spur economic growth
- 77 Minutes ago
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NAIROBI, Nov. 20 (Xinhua) -- The signing of the East Africa Community (EAC) protocol in Arusha on Friday is expected to spur economic growth in the region. The Common Market which shall be managed in
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Mexico pulls out of deep recession in 3rd quarter
- 90 Minutes ago
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(Adds economist's comment, details on service sector) MEXICO CITY (Reuters) - Mexico marked the end of one of the world's deepest recessions in the third quarter, growing for the first time in a year
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BOJ keeps rates low, is upbeat
- 81 Minutes ago
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The Bank of Japan held interest rates near zero amid mounting government pressure for it to fight deflation that could stunt the recovery from the country's worst postwar recession. Gov. Masaaki Shirakawa
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India to release green GDP data from 2015
- 95 Minutes ago
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New Delhi: In a bid to bring environmental concerns into mainstream growth accounting, the government plans to release green GDP data from 2015, environment minister Jairam Ramesh said on Friday. Green
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State, local budget cuts a 'time bomb' for U.S. jobs
- 74 Minutes ago
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State and local governments will have to raise taxes and cut spending in the current and next two fiscal years to cover shortfalls totaling $469 billion, according to an Economic Policy Institute report.
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Protect children from economic crisis: UN agency
- 82 Minutes ago
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UNITED NATIONS: UN officials on Thursday urged cash-strapped governments not to cut back spending on health and education, warning it could drive millions of children and families into the poverty trap.
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Local interest rates likely to rise in 2nd half of 2010
- 91 Minutes ago
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Local interest rates are likely to edge up by 25-50 basis points in the second half of next year due to the expected improvement in the countrys economic conditions, according to a top Bangkok commercial
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OECD Urges Caution as Countries Seek to Reduce Deficits
- 92 Minutes ago
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The OECD has issued its Economic Outlook 86, in which it finds a fragile recovery in the global economy and warns governments of spending and tax measures that might harm potential growth. In the report,
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Senate panel to mull Bernanke nomination on Dec. 3
- 5 Hours ago
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President Barack Obama nominated Bernanke to another four-year term in August. The nomination requires Senate approval. Bernanke has drawn both praise and criticism for his creative thinking and unconventional
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Senate sets hearing on Bernanke's renomination
- 3 Hours ago
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WASHINGTON (Reuters) - The Senate Banking Committee will hold a confirmation hearing on Federal Reserve Chairman Ben Bernanke's nomination to a second term as chief of the U.S. central bank December 3,
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Credit Markets on Edge About When Fed Will Raise Rates
- 117 Minutes ago
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A deep-seated anxiety about how soon the Federal Reserve will raise rates has caused the widest chasm between short- and long-dated Treasury yields in 20 years, despite the Fed's assurances low rates
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Japan's Latest Economic Ailment: Deflation
- 14 Hours ago
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During his Nov. 13 visit to Tokyo, U.S. President Barack Obama emphasized that Japan, as the world's second-largest economy, has a special role in the global marketplace. One week later, it's becoming
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When In Doubt, Blame Bernanke
- 21 Hours ago
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'The continuous depreciation in the dollar and the that, in order to resume growth and maintain public confidence, it basically won't raise interest rates for the coming 12 to 18 months, has led to massive
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Fed sees little risk of inflation in weak economy
- 11/20/2009
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WASHINGTON/PARIS (Reuters) - Senior U.S. Federal Reserve officials said on Thursday inflation is not an immediate threat as a weak economic recovery and a grim outlook for jobs keep price pressures in
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Croatia to cut budget gap in 2010 to 2.5 pct of GDP
- 6 Hours ago
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ZAGREB, Nov 20 (Reuters) - Croatia will slightly reduce its budget deficit in 2010 from some 3 percent of gross domestic product targeted this year, state television reported on Friday. The government
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Mexico recession ends with Q3 gdp growth of 2.93 pct
- 5 Hours ago
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MEXICO CITY, Nov 20 (Reuters) - Mexico's year-long recession ended during the third quarter, when the economy grew 2.93 percent, although output was still 8.1 percent less than in the same quarter last
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Wall Street lower on Dell's earnings, Trichet remark
- 100 Minutes ago
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NEW YORK, Nov. 20 (Xinhua) -- Wall Street continued the previous decline Friday, after the technology giant Dell posted disappointing earnings and European Central Bank (ECB) President Jean-Claude Trichet
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World Bank Raises Growth Forecast for Korean Economy
- 110 Minutes ago
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The World Bank has lifted Korea's economic growth forecast to a decline of 0.7 percent for this year and expansion of 3.7 percent next year. This is a huge improvement from predictions made in June of
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IMF Expects Korean Economy to Grow Fastest Among G20
- 110 Minutes ago
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The International Monetary Fund (IMF) has increased its 2009 economic growth forecast for Korea by the largest amount among G20 nations. According to the Finance Ministry, the IMF predicted in its October
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Postmortem: Did the bailout work?
- 102 Minutes ago
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WASHINGTON (CNNMoney.com) -- As the Obama administration considers how to approach the next phase of the $700 billion financial bailout, questions are being raised on Capitol Hill about whether it is
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Bini Smaghi-Markets should not mix signals on ECB exit
- 9 Hours ago
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FRANKFURT, Nov 20 (Reuters) - Financial markets should not assume that by removing some of its crisis measures, the European Central Bank is preparing to raise interest rates, Executive Board member Lorenzo
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