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ECB needs to come to euro zone's rescue again - OECD
Reuters* ECB should try U.S.-style asset purchases, OECD says * Euro zone economy to shrink 0.6 percent in 2013 * OECD cuts forecasts for France, Greece, Italy, Portugal By Robin Emmott BRUSSELS, May 29 (Reuters) - The European Central Bank, which shored...Tags: Central Bank, Portugal, Economy, Economy, Business and Finance, Federal Reserve
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Possibility of Grexit is now "remote", Greek cenbank says
ReutersATHENS (Reuters) - Fears that Greece may exit the euro zone are now remote but its economy will stay in recession for a sixth straight year in 2013 and unemployment will rise further before recovery sets in next year, the country's central bank said on...Tags: Central Bank, Weather Reports, Money and Monetary Policy, Weather, Prices
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AFRICA INVESTMENT-South Africa labour strife creating vicious cycle
ReutersBy Ed Stoddard JOHANNESBURG, May 29 (Reuters) - Labour unrest in South Africa's mines, which threatens to spread to bigger sectors like manufacturing, is plunging the economy into a vicious cycle that may spiral into stagflation, disinvestment and more...Tags: Metal and Mineral, Career and Workplace, Labor Markets, Anglo American Platinum Limited, Africa
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EU urges France to revamp pensions, rein in spending
ReutersBRUSSELS/PARIS (Reuters) - France must this year start to reform its pension system, rein in public spending and further cut labor costs in return for getting two more years to bring its budget deficit back in line, the European Commission said on...Tags: Career and Workplace, Public Finance, Labor Markets, European Union, Government Debt
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Wall Street posts first weekly loss since mid-April on Fed angst
ReutersNEW YORK (Reuters) - The S&P 500 declined for a third day on Friday, with the three major stock indexes posting their first negative week since mid-April on lingering concern that the central bank may scale back its stimulus measures to support the...Tags: Elan Corporation Plc, Deere and Company, U.S. Department of Energy, Skin Cancer, Sony Corp.
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Special Report: The deeper agenda behind "Abenomics"
ReutersTOKYO (Reuters) - When ill health and political gridlock forced Shinzo Abe to quit after one dismal year as Japan's prime minister, his pride was dented and his self-confidence battered. One thing, however, was intact: his commitment to a controversial...Tags: Shinzo Abe, Government, Services and Shopping, Prices, Brookings Institution
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Fed officials stress no rush to exit, not on 'autopilot'
Reuters(Reuters) - The Federal Reserve will not hastily withdraw its policy stimulus for the economy, a senior central banker said on Thursday, while another stressed that it could adjust the pace of bond purchases both up or down according to the data. Seeking...Tags: Ben Bernanke, Labor Markets, Career and Workplace, Central Bank, Bloomberg L.P.
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Need inflation pick-up before starting policy taper- Fed's Bullard
ReutersBy Marc Jones LONDON, May 23 (Reuters) - Federal Reserve policymaker James Bullard said on Thursday that while the U.S. economy was improving, he would like to be sure inflation was heading back towards target before the bank started winding down its...Tags: Federal Reserve
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INTERVIEW-IMF sees Ethiopia's economic growth slowing as private sector struggles
Reuters* GDP growth seen slowing to 6.5 pct in 2012/13 from 8.5 pct * Inflation seen steady in single digits * Huge public spending crowding out the private sector * Reforms needed to lure more foreign investment By Richard Lough ADDIS ABABA, May 23...Tags: International Monetary Fund, Renewable Energy, Agriculture, Government, Ethiopia
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WRAPUP 1-ECB seeks new tools while Fed toys with exit
Reuters* Praet says ECB could expand its instruments * Noyer: ECB mulls measures to ease financial fragmentation * Nowotny says ECB support still needed * Bernanke says Fed could start tapering off bond buys By Leigh Thomas and Jason Lange PARIS/WASHINGTON,...Tags: Ben Bernanke, Federal Reserve, U.S. Congress, Finance, Central Bank
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REUTERS SUMMIT-Venezuela business group sees dire economy in 2013
Reuters* Fedecamaras' head says lack of hard currency crimps growth * Sees most companies' 2013 billing falling at least 40 pct * Maduro's slim election victory shows need for dialogue By Brian Ellsworth CARACAS, May 23 (Reuters) - Venezuela is slipping into...Tags: Venezuela, Commodity Markets, Environmental Issues, Petroleum Industry, Business
May 28, 2013
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May 29, 2013
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May 29, 2013
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May 24, 2013
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May 23, 2013
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May 23, 2013
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