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What might make the Fed flinch?
Sunday, September 5, 2010 1:54:49 PM CST
WASHINGTON (Reuters) - The U.S. economy appears to be trudging along, neither booming nor busting, growing steadily enough to diminish double-dip recession fears but not quickly enough to bring down unemployment.
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IMF's Lipsky says moderate world recovery underway
Saturday, September 4, 2010 11:07:07 PM CST
GWANGJU, South Korea (Reuters) - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.
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China allows insurers to invest in private equity, real estate
Sunday, September 5, 2010 6:45:39 PM CST
SHANGHAI (Reuters) - China will allow insurers to broaden investment channels into private equity and real estate, a move that could unleash as much as $100 billion worth of fresh funding into unlisted firms and the property sector.
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BP restarts sale of Alaskan assets: report
Sunday, September 5, 2010 6:54:06 PM CST
LONDON (Reuters) - BP has revived the sale of its Alaskan assets after failing to offload them to U.S. oil and gas company Apache in July, the Financial Times reported on Monday.
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Taxpayers may face initial loss on GM IPO: sources
Sunday, September 5, 2010 9:00:05 AM CST
NEW YORK/DETROIT (Reuters) - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.
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Obama says his economic policies halted "bleeding"
Saturday, September 4, 2010 8:12:06 PM CST
WASHINGTON (Reuters) - President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said "have stopped the bleeding" and put the middle class on the road to recovery.
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Debt levels should fall after pre-crisis jump: BIS
Sunday, September 5, 2010 1:03:17 PM CST
LONDON (Reuters) - Debt levels that ran up ahead of the financial crisis have shown only a modest decline since and are likely to fall sharply in the coming years, a study said.
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China may relax capital rules for QDII funds: report
Sunday, September 5, 2010 7:46:27 PM CST
SHANGHAI (Reuters) - China plans to relax rules to allow smaller fund houses to launch overseas investment products, the Securities Times reported on Monday, citing an unnamed source.
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Stocks rally as jobs data spurs optimism
Friday, September 3, 2010 6:07:23 PM CST
NEW YORK (Reuters) - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
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Venezuela OKs payment for French retailer Casino
Saturday, September 4, 2010 3:09:56 PM CST
CARACAS (Reuters) - Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday.