Category Archives: Economy
Wall Street ticks down ahead of election
(Reuters) – Stocks slipped in low volume on Monday as traders awaited Tuesday’s U.S. election to place bets on sectors seen performing better under one or the other political party. Democratic President Barack Obama and … continue…
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G20 flags U.S. fiscal cliff, Europe’s debt woes
(Reuters) – Finance chiefs of the world’s 20 leading economies are ringing alarm bells over the U.S. fiscal cliff and Europe’s debt woes at a meeting in Mexico this weekend as they look to push … continue…
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StanChart shares tumble on Iranian dealings
(Reuters) – Standard Chartered Plc’s shares fell as much as 20 percent on Tuesday after New York’s top bank regulator threatened to remove its state banking license, saying the British lender hid $250 billion in … continue…
Spyker sues GM for over $3 billion on Saab bankruptcy
(Reuters) – Dutch sportscar maker Spyker NV (SPYKR.AS) is suing General Motors Co (GM.N) for more than $3 billion on behalf of its subsidiary Saab, accusing the U.S. automaker of deliberately bankrupting the Swedish group … continue…
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Fed to signal more easing but stop short of big steps
(Reuters) – The Federal Reserve is likely to show on Wednesday that it is ready to act against a weakening economy but stop short of aggressive measures for now. Economists say the central bank could … continue…
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The worlds most effective translation service is now online
The LowCostTranslator the low cost high service initiative from the Swiss The Translator Group is now online in 5 countries including the US. Before end of year 35 local websites will be rolled our providing … continue…
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China official PMI shows factory sector barely growing
(Reuters) – China’s official factory purchasing managers’ index fell to an eight-month low of 50.1 in July, suggesting the sector is barely growing, while a rival HSBC survey indicated the more market-sensitive private sector is … continue…
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Euro zone crisis heads for September crunch
(Reuters) – Over the past couple of years, Europe has muddled through a long series of crunch moments in its debt crisis, but this September is shaping up as a “make-or-break” month as policymakers run … continue…
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New home sales tumble, but upward trend intact
(Reuters) – New home sales recorded their biggest drop in more than a year in June and prices resumed their downward trend, dealing a setback for the budding housing market recovery. Single family home sales … continue…
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French jobless total close to 13-year high
(Reuters) – The number of jobseekers in France rose for the 14th month in a row in June to hit its highest level in nearly 13 years, adding pressure on the new Socialist government, which … continue…
