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US Economy Advanced 2 Percent in Third Quarter

Posted October 26th, 2012 at 9:35 am (UTC-5)
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The United States says its economy grew by 2 percent in the July-to-September period, a slightly faster pace than economists had projected. The government said Friday that increased consumer spending, accounting for 70 percent of the world’s largest economy, led the advance. American economists had projected growth of 1.8 percent in the third quarter, up […]

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Japan Approves Emergency Spending Package

Posted October 26th, 2012 at 3:45 am (UTC-5)
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Japan’s cabinet has approved a $5.3 billion stimulus package in an effort to stave off a recession. Friday’s emergency spending package includes more than $3 billion for regions hit hard by last year’s quake-tsunami disasters and nuclear crisis, with most of it going to aid small and medium-sized businesses. Another stimulus package is expected next […]

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Report: US Job Market Gets A Little Better

Posted October 25th, 2012 at 2:35 pm (UTC-5)
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A flurry of reports Thursday show the U.S. job market getting slightly better, business investment slowing down, and home sales growing at a slower pace. The mixed picture shows the number of Americans signing up for unemployment compensation fell by 23,000 last week to a total of 369,000 nationwide. An industry report shows the number […]

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Spain Recession Deepens

Posted October 23rd, 2012 at 10:05 am (UTC-5)
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Spain says its recession is deepening. The Bank of Spain said Tuesday that its economy shrank for the fifth straight quarter in the July-to-September period. The central bank said the country’s economic fortunes dropped four-tenths of a percent, matching the contraction in the second quarter. Job losses have mounted in Spain, with more than a […]

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Eurozone Leaders Praise Greek Austerity Efforts

Posted October 19th, 2012 at 9:35 am (UTC-5)
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Eurozone leaders are praising the efforts of debt-ridden Greece to resolve its financial woes and resume its cost-cutting austerity. Some of the 16 other countries in the euro currency bloc have often attacked Athens for its slow pace in adopting financial reforms, even as the Greek populace has grown increasingly angry at the demands of […]

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Unemployment Benefit Claims Fluctuating in US

Posted October 18th, 2012 at 2:15 pm (UTC-5)
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Weekly claims for unemployment compensation surged in the U.S. last week, but the government said the increase was largely the result of a seasonal correction of the data. A week ago, the government said the initial claims had fallen sharply. But Thursday, the U.S. said the number of initial applications for jobless aid jumped 46,000 […]

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Greek Anti-austerity Protests Turn Violent

Posted October 18th, 2012 at 10:10 am (UTC-5)
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Anti-austerity protests turned violent in Athens on Thursday, with hundreds of youths hurling gasoline bombs and rocks at riot police. Tens of thousands of Greek workers struck and marched to protest demands by the country’s international lenders that Athens impose more austerity measures before they will agree to hand Greece another segment of a bailout […]

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EU to Discuss Strengthening the Euro; Greeks Strike

Posted October 18th, 2012 at 4:40 am (UTC-5)
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Members of the European Union are meeting in Brussels Thursday to discuss how to strengthen the ailing euro currency. Germany is expected to press for the EU to play a stronger role in the economies of its member states, but it faces opposition by some member states reluctant to relinquish control over their finances. The […]

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China’s Economy Slows to 7.4 Percent in Third Quarter

Posted October 18th, 2012 at 2:10 am (UTC-5)
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China’s economy grew by 7.4 percent in the third quarter, missing the government’s target and falling to its slowest rate of growth since the global financial crisis. The figures released by the National Statistics Bureau on Thursday represent the seventh consecutive quarter of easing for the world’s second largest economy. Although 7.4 percent growth would […]

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China’s Economy Slows to 7.4 Percent in Q3

Posted October 18th, 2012 at 12:20 am (UTC-5)
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China’s economy grew by 7.4 percent in the third quarter, missing the government’s target and falling to its slowest rate of growth since the global financial crisis. The figures released by the National Bureau of Statistics on Thursday represent the seventh straight quarter of easing for the world’s second largest economy. Although 7.4 percent growth […]

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