News with Tags "economy"

Why a grim US economic picture is brightening

Posted on Wednesday, June 25, 2014 - 07:41 am

WASHINGTON (AP) — When the government updates its estimate Wednesday of how the U.S. economy fared last quarter, the number is pretty sure to be ugly. Horrible even.


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Posted by on Wednesday, June 25, 2014 - 07:41 am.
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Senate panel to consider $9 billion highway fund infusion

Posted on Wednesday, June 25, 2014 - 03:40 am

By David Lawder

WASHINGTON (Reuters) – Senate Finance Committee Chairman Ron Wyden on Tuesday proposed a $ 9 billion infusion into the Highway Trust Fund as part of a stop-gap effort to keep federal money flowing to highway construction projects through the end of 2014.


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Posted by on Wednesday, June 25, 2014 - 03:40 am.
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Japan PM urges businesses to mobilize women power for economy

Posted on Tuesday, June 24, 2014 - 14:01 pm

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe urged the nation’s business leaders on Tuesday to do more to boost the role of working women, a key plank of a new growth strategy he was set to unveil later in the day.


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Posted by on Tuesday, June 24, 2014 - 14:01 pm.
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Britain to consider east-west high-speed rail link – Osborne

Posted on Monday, June 23, 2014 - 06:40 am

By Kylie MacLellan

LONDON (Reuters) – Britain will consider building an east-west high-speed railway between cities in northern England to help boost economic growth outside London, finance minister George Osborne will say on Monday.


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Posted by on Monday, June 23, 2014 - 06:40 am.
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EU eyes simpler fiscal rules as pressure grows to boost economy

Posted on Saturday, June 21, 2014 - 18:41 pm

By Ingrid Melander and Martin Santa

LUXEMBOURG (Reuters) – The European Union will review its fiscal rules at the end of this year to see if they can be made simpler and more efficiently used to encourage growth and jobs after years of budget consolidation.


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Posted by on Saturday, June 21, 2014 - 18:41 pm.
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Protest in India over steep rail fare hike

Posted on Saturday, June 21, 2014 - 15:40 pm

Angry demonstrators blocked a railway track in northern India Saturday in protest against a steep hike in rail fares announced by the government in its first tough step aimed at reforming a sluggish economy.


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Posted by on Saturday, June 21, 2014 - 15:40 pm.
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EU eyes simpler fiscal rules as pressure grows to boost economy

Posted on Friday, June 20, 2014 - 20:01 pm

LUXEMBOURG (Reuters) – The European Union will review its fiscal rules at the end of this year to see if they can be made simpler and more efficiently used to encourage growth and jobs after years of budget consolidation.


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Posted by on Friday, June 20, 2014 - 20:01 pm.
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Jobs, factory data point to strengthening economy

Posted on Thursday, June 19, 2014 - 22:01 pm

WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits fell last week and factory activity in the mid-Atlantic region accelerated in June, more evidence the economy was strengthening after a disastrous first quarter.


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Posted by on Thursday, June 19, 2014 - 22:01 pm.
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Fed optimism lift Asia stocks, dollar struggles

Posted on Thursday, June 19, 2014 - 10:05 am

By Shinichi Saoshiro

TOKYO (Reuters) – Tokyo shares led Asia higher on Thursday, riding on Wall Street’s optimism after the U.S. Federal Reserve gave a positive assessment of the economy and committed to retaining accommodative monetary policy.


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Posted by on Thursday, June 19, 2014 - 10:05 am.
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Thailand holds interest rate after army takeover

Posted on Thursday, June 19, 2014 - 00:40 am

Thailand’s central bank held its key interest rate Wednesday, in its first monetary policy decision since the army toppled a civilian government whose spending plans were hamstrung by months of political turmoil.


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Posted by on Thursday, June 19, 2014 - 00:40 am.
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World stocks muted as investors await Fed

Posted on Wednesday, June 18, 2014 - 16:41 pm

HONG KONG (AP) — World stocks were muted as investors awaited an update on the U.S. economy later Wednesday from the Federal Reserve following its two-day policy meeting, while Japanese markets rose on a weaker yen.


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Posted by on Wednesday, June 18, 2014 - 16:41 pm.
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Asian stocks drift lower as investors await Fed

Posted on Wednesday, June 18, 2014 - 11:42 am

HONG KONG (AP) — Asian stocks drifted lower as investors awaited an update on the U.S. economy later Wednesday from the Federal Reserve following its two-day policy meeting, while Japanese markets rose on a weaker yen.


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Posted by on Wednesday, June 18, 2014 - 11:42 am.
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South Africa’s Zuma under pressure in major policy speech

Posted on Tuesday, June 17, 2014 - 20:41 pm

CAPE TOWN (Reuters) – South African President Jacob Zuma delivers the first State of the Nation address of his second term on Tuesday, under pressure to outline plans for reviving growth and creating much-needed jobs in Africa’s most advanced economy.


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Posted by on Tuesday, June 17, 2014 - 20:41 pm.
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U.S. economy: Not looking so good

Posted on Tuesday, June 17, 2014 - 10:43 am

slow economy


When it comes to the U.S. economy, the glass just went from half full to half empty.

At the start of the year, economists were optimistic. Perhaps the economy would grow 3% this year, they said, instead of the measly 2% pace it’s been stuck at for the prior three years.


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Posted by on Tuesday, June 17, 2014 - 10:43 am.
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Obama’s economic focus seeks to unify Democrats

Posted on Tuesday, June 17, 2014 - 05:41 am

WASHINGTON (AP) — This was the year President Obama would go all in on the economy, elevating the struggles of the poor and the middle class to the top of his agenda. But that focus has been sporadic, overshadowed by foreign policy hot spots in Ukraine and Iraq and controversies like the swap for a U.S. prisoner in Afghanistan.


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Posted by on Tuesday, June 17, 2014 - 05:41 am.
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Iraq crisis keeps a lid on stocks

Posted on Monday, June 16, 2014 - 22:43 pm

Dow 1115AM


The deepening turmoil in Iraq is spilling into the global financial markets.

Stocks ticked lower on Monday as fears the violence in the Middle East could fuel a spike in energy prices overshadowed enthusiasm for a flurry of M&A activity.


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Posted by on Monday, June 16, 2014 - 22:43 pm.
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US factory output rebounded in May after April dip

Posted on Monday, June 16, 2014 - 22:41 pm

WASHINGTON (AP) — U.S. manufacturing output rose in May at a solid pace, boosting hopes that the economy is expanding briskly after a dismal first three months of the year.


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Posted by on Monday, June 16, 2014 - 22:41 pm.
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Japanese central bank chief sticks his neck out, pressures PM Abe for action

Posted on Monday, June 16, 2014 - 07:41 am

By Leika Kihara

TOKYO (Reuters) – Bank of Japan (BOJ) Governor Haruhiko Kuroda has a simple message for Prime Minister Shinzo Abe: It’s time to fire the ‘third arrow’ of reform or risk squandering the efforts of the past 18 months to revive the Japanese economy.


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Posted by on Monday, June 16, 2014 - 07:41 am.
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Japanese central bank chief sticks his neck out, pressures PM Abe for action

Posted on Monday, June 16, 2014 - 04:01 am

TOKYO (Reuters) – Bank of Japan (BOJ) Governor Haruhiko Kuroda has a simple message for Prime Minister Shinzo Abe: It’s time to fire the ‘third arrow’ of reform or risk squandering the efforts of the past 18 months to revive the Japanese economy.


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Posted by on Monday, June 16, 2014 - 04:01 am.
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Nationalist tone, protectionist promises, dominate Indonesia presidential debate

Posted on Monday, June 16, 2014 - 01:41 am

By Fransiska Nangoy and Jonathan Thatcher

JAKARTA (Reuters) – Indonesia’s two presidential candidates traded nationalist rhetoric on Sunday in a debate ahead of July’s election, with the front-runner suggesting he would make Southeast Asia’s biggest economy more protectionist.


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Posted by on Monday, June 16, 2014 - 01:41 am.
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