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US economy barely expands in Q4The US economy barely grew in the fourth quarter although a slightly better performance in exports and fewer imports led the government to scratch an earlier estimate that showed an economic contraction. More… |
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US business spending plans hit 13-month highA gauge of planned US business spending recorded its largest increase in more than a year in January, suggesting growing confidence in the durability of the economic recovery. The case for the economy's resilience was further More… |
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US economy shows some muscleThe US economy grew faster than previously thought in the third quarter, helped by exports and government spending, but a sluggish global demand and belt-tightening by Washington looks set to put on the brakes again. More… |
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The waiting game for US economy is overPresident Barack Obama's re-election is good news for the world economy and financial markets. Of course a victory by Mitt Romney, unlikely though it was, might have been even better news, which is perhaps why stock markets More… |
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Gold set for first 3-week drop in over a yearSpot gold prices eked out small gains on Friday after data showed U.S. economic growth picked up in the third quarter, but the metal was heading for its first three-week loss in more than a year on uncertainty over the future of the U.S. Federal More… |
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Brent below $108, set to fall for 2nd weekBrent futures fell more than $1 on Friday to slip below $108 a barrel, as investors waited for key US economic data to gauge the demand growth outlook for oil, with rising supplies weighing on prices. The world's biggest econo More… |
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Fed bets big in new push to rescue US economyThe Federal Reserve launched another aggressive stimulus program on Thursday, saying it would pump $40 billion into the US economy each month until it saw a sustained upturn in the weak jobs market. More… |
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Obama seeks to rebuild economyUS President Barack Obama said yesterday the US needed to do more than just reclaim jobs lost to the recession, as he called for rebuilding the economy to make it secure for future generations. 'Our mission isn't just to put people More… |
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Spring optimism: Is it different this time?Call it spring fever. For the third year in a row, optimism is spreading that growth in the US could be poised to accelerate and drive the economy into sunnier pastures. Claims for first-time jobless benefits dipped to a four-year low last More… |
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Dollar hits 11-month high versus yen, euro slipsThe dollar hit an 11-month high against the yen and hovered near a seven-week high versus a basket of currencies on Tuesday, backed by expectations of a US economic revival. The dollar recouped knee-jerk losses against the yen made a More… |
