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    • A money trader works under a screen indicating the U.S. dollar is traded at 103.08 yen at a foreign exchange company in Tokyo, Thursday, May 23, 2013.  The dollar fell to 103 yen level. (AP Photo/Shizuo Kambayashi)
      Asia stocks slide as China factory output slips PAMELA SAMPSON - AP - 33 mins ago

      BANGKOK (AP) — Asian stock markets slid Thursday, pulled down by a contraction in China's manufacturing that adds to signs that the shaky recovery in the world's No. … More »Asia stocks slide as China factory output slips

      A money trader works under a screen indicating the U.S. dollar is traded at 103.08 yen at a foreign exchange company in Tokyo, Thursday, May 23, 2013.  The dollar fell to 103 yen level. (AP Photo/Shizuo Kambayashi)

      BANGKOK (AP) — Asian stock markets slid Thursday, pulled down by a contraction in China's manufacturing that adds to signs that the shaky recovery in the world's No. 2 economy is slowing.

    • Survey shows China manufacturing contracting JOE McDONALD - AP - 39 mins ago

      BEIJING (AP) — A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's No. 2 economy is slowing. More »Survey shows China manufacturing contracting

      BEIJING (AP) — A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's No. 2 economy is slowing.

    • Employees of the Tokyo Stock Exchange work at the bourse in Tokyo
      JGB yields surge, markets spooked by Bernanke remarks Masayuki Kitano and Hideyuki Sano - Reuters - 55 mins ago

      By Masayuki Kitano and Hideyuki Sano SINGAPORE (Reuters) - Japanese government bonds plunged on Thursday, taking yields to their highest in a year and leading a selloff … More »JGB yields surge, markets spooked by Bernanke remarks

      Employees of the Tokyo Stock Exchange work at the bourse in Tokyo

      By Masayuki Kitano and Hideyuki Sano SINGAPORE (Reuters) - Japanese government bonds plunged on Thursday, taking yields to their highest in a year and leading a selloff in bonds globally after Federal Reserve Chairman Ben Bernanke's remarks sparked worries of a reduction in U.S. monetary stimulus. Bernanke's comments, suggesting …

    • A worker walks on the roof of an office building construction site near a lake in Hefei
      China HSBC flash PMI hits seven-month low, fans growth fears Aileen Wang and Koh Gui Qing - Reuters - 1 hr 10 mins ago

      By Aileen Wang and Koh Gui Qing BEIJING (Reuters) - China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey … More »China HSBC flash PMI hits seven-month low, fans growth fears

      A worker walks on the roof of an office building construction site near a lake in Hefei

      By Aileen Wang and Koh Gui Qing BEIJING (Reuters) - China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world's second-largest economy is sputtering. The flash HSBC Purchasing Managers' …

    • High costs, currency push Ford out of Australia car manufacturing Rob Taylor and Lincoln Feast - Reuters - 1 hr 32 mins ago

      By Rob Taylor and Lincoln Feast CANBERRA (Reuters) - Ford Motor Co will shut its two Australian auto plants in October 2016, blaming a strong currency and costs that … More »High costs, currency push Ford out of Australia car manufacturing

      By Rob Taylor and Lincoln Feast CANBERRA (Reuters) - Ford Motor Co will shut its two Australian auto plants in October 2016, blaming a strong currency and costs that are hitting manufacturers just as the country looks for other sectors of its economy to cushion the end of a mining boom. Ford Australia will close its engine …

    • A visitor takes a picture of an electronic stock board on the Tokyo Stock Exchange in Tokyo, Wednesday, May 22, 2013. Asian stock markets were mostly higher Wednesday after investor confidence was boosted by a Federal Reserve official's comments that the U.S. central bank should stick with its super-easy monetary policy. (AP Photo/Itsuo Inouye)
      Asia stocks down as China factory output slips PAMELA SAMPSON - AP - 2 hrs 18 mins ago

      BANGKOK (AP) — Asian stock markets fell Thursday, weighed down by a contraction in China's manufacturing that adds to signs a shaky recovery in the world's No. 2 economy … More »Asia stocks down as China factory output slips

      A visitor takes a picture of an electronic stock board on the Tokyo Stock Exchange in Tokyo, Wednesday, May 22, 2013. Asian stock markets were mostly higher Wednesday after investor confidence was boosted by a Federal Reserve official's comments that the U.S. central bank should stick with its super-easy monetary policy. (AP Photo/Itsuo Inouye)

      BANGKOK (AP) — Asian stock markets fell Thursday, weighed down by a contraction in China's manufacturing that adds to signs a shaky recovery in the world's No. 2 economy is slowing.

    • Los Angeles mayoral candidate Garcetti gestures while speaking during an election night party in Hollywood
      Los Angeles mayor-elect vows to put recession in rear-view mirror Alex Dobuzinskis - Reuters - 5 hrs ago

      By Alex Dobuzinskis LOS ANGELES (Reuters) - Los Angeles Councilman Eric Garcetti declared victory Wednesday in his bid to become the next mayor and vowed to put the city's … More »Los Angeles mayor-elect vows to put recession in rear-view mirror

      Los Angeles mayoral candidate Garcetti gestures while speaking during an election night party in Hollywood

      By Alex Dobuzinskis LOS ANGELES (Reuters) - Los Angeles Councilman Eric Garcetti declared victory Wednesday in his bid to become the next mayor and vowed to put the city's economic slump "in the rear-view mirror," capping a race shaped by dire fiscal forecasts and questions about the political clout of organized labor. …

    • World Bank proposes $150 million loan to help Jordan with refugees Lesley Wroughton - Reuters - 6 hrs ago

      By Lesley Wroughton WASHINGTON (Reuters) - The World Bank has proposed a $150 million loan for Jordan to help it with the cost of thousands of Syrian refugees fleeing … More »World Bank proposes $150 million loan to help Jordan with refugees

      By Lesley Wroughton WASHINGTON (Reuters) - The World Bank has proposed a $150 million loan for Jordan to help it with the cost of thousands of Syrian refugees fleeing the civil war in Syria, Jordanian and World Bank board sources said on Wednesday. "The (World Bank) board should act on it in June," one source told Reuters. …

    • Federal Reserve Chairman Ben Bernanke listens as he testifies on Capitol Hill in Washington, Wednesday, May 22, 2013, before the Joint Economic Committee hearing on "The Economic Outlook" .  Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.  (AP Photo/Manuel Balce Ceneta)
      A divided Fed wrestles with when to slow bond buys MARTIN CRUTSINGER - AP - 7 hrs ago

      WASHINGTON (AP) — The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy. More »A divided Fed wrestles with when to slow bond buys

      Federal Reserve Chairman Ben Bernanke listens as he testifies on Capitol Hill in Washington, Wednesday, May 22, 2013, before the Joint Economic Committee hearing on "The Economic Outlook" .  Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.  (AP Photo/Manuel Balce Ceneta)

      WASHINGTON (AP) — The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy.

    • Federal Reserve Board Chairman Bernanke testifies before the Joint Economic Committee in Washington
      Bernanke says more progress needed before stimulus pullback Pedro da Costa and Alister Bull - Reuters - 7 hrs ago

      By Pedro da Costa and Alister Bull WASHINGTON (Reuters) - The Federal Reserve's monetary stimulus is helping the economy recover but the central bank needs to see further … More »Bernanke says more progress needed before stimulus pullback

      Federal Reserve Board Chairman Bernanke testifies before the Joint Economic Committee in Washington

      By Pedro da Costa and Alister Bull WASHINGTON (Reuters) - The Federal Reserve's monetary stimulus is helping the economy recover but the central bank needs to see further signs of traction before taking its foot off the gas pedal, Fed Chairman Ben Bernanke said on Wednesday. A decision to scale back the $85 billion in bonds …

    • Britain's Chancellor of the Exchequer George Osborne speaks at the Confederation of British Industry (CBI) annual dinner in London
      IMF urges UK to spend more to fund investment William Schomberg and David Milliken - Reuters - 8 hrs ago

      By William Schomberg and David Milliken LONDON (Reuters) - Britain's government should spend more now to fund investment and steer its economy back to recovery, the International … More »IMF urges UK to spend more to fund investment

      Britain's Chancellor of the Exchequer George Osborne speaks at the Confederation of British Industry (CBI) annual dinner in London

      By William Schomberg and David Milliken LONDON (Reuters) - Britain's government should spend more now to fund investment and steer its economy back to recovery, the International Monetary Fund said on Wednesday, a call unlikely to be heeded by Chancellor George Osborne. Economic data earlier on Wednesday highlighted the …

    • Single family home is shown with a sale pending in Encinitas
      Home sales close in on three-and-a-half year high Lucia Mutikani - Reuters - 8 hrs ago

      By Lucia Mutikani WASHINGTON (Reuters) - Home resales rose in April to the highest level in nearly 3-1/2 years and prices surged, offering the economy a buffer from the … More »Home sales close in on three-and-a-half year high

      Single family home is shown with a sale pending in Encinitas

      By Lucia Mutikani WASHINGTON (Reuters) - Home resales rose in April to the highest level in nearly 3-1/2 years and prices surged, offering the economy a buffer from the stiff headwinds posed by belt-tightening by Washington. The National Association of Realtors said on Wednesday existing home sales advanced 0.6 percent …

    • A view shows the Federal Reserve building in Washington
      Fed officials want more progress before bond tapering: minutes Reuters - 10 hrs ago

      WASHINGTON (Reuters) - Many Federal Reserve officials earlier this month wanted to see more evidence that the economy was recovering before shifting toward a tapering … More »Fed officials want more progress before bond tapering: minutes

      A view shows the Federal Reserve building in Washington

      WASHINGTON (Reuters) - Many Federal Reserve officials earlier this month wanted to see more evidence that the economy was recovering before shifting toward a tapering of their bond purchase program, the Fed said on Wednesday. "Most observed that the outlook for the labor market had shown progress since the program was started …

    • Fed weighed slowing its pace of bond purchases MARTIN CRUTSINGER - AP - 10 hrs ago

      WASHINGTON (AP) — Several Federal Reserve policymakers this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as June — … More »Fed weighed slowing its pace of bond purchases

      WASHINGTON (AP) — Several Federal Reserve policymakers this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as June — if the economy showed strong and sustained growth. But those officials appeared at odds over what evidence would demonstrate such gains.

    • A man walks through the lobby of the London Stock Exchange
      Bernanke spurs stock volatility, dollar gains Ryan Vlastelica - Reuters - 11 hrs ago

      By Ryan Vlastelica NEW YORK (Reuters) - Stocks, bonds and currencies took a wild ride on Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank's … More »Bernanke spurs stock volatility, dollar gains

      A man walks through the lobby of the London Stock Exchange

      By Ryan Vlastelica NEW YORK (Reuters) - Stocks, bonds and currencies took a wild ride on Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank's massive bond-buying program would remain in place for now, even as the Fed considers cutting back stimulus in coming months. Wall Street stocks jumped …

    • ECB Peter Praet gives a speech during a meeting in Brussels
      Praet says ECB can expand its tools to fight crisis Reuters - 11 hrs ago

      WASHINGTON (Reuters) - The European Central Bank could expand its monetary policy toolkit if needed to respond to threats to price stability, and must ensure the euro … More »Praet says ECB can expand its tools to fight crisis

      ECB Peter Praet gives a speech during a meeting in Brussels

      WASHINGTON (Reuters) - The European Central Bank could expand its monetary policy toolkit if needed to respond to threats to price stability, and must ensure the euro zone economy does not enter a downward spiral, ECB Executive Board member Peter Praet said on Wednesday. "We have an objective: price stability," Praet, who …

    • In this Aug. 11, 2010 photo, specialist John Urbanowicz, left, talks with a colleague on the floor of the New York Stock Exchange. Stocks are opening Wednesday, May 22, 2013, slightly higher as investors watch for the latest moves from the Federal Reserve.  (AP Photo/Richard Drew)
      Stocks rise on Fed stimulus hopes, home sales BERNARD CONDON - AP - 12 hrs ago

      NEW YORK (AP) — Stocks are moving higher Wednesday after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its economic … More »Stocks rise on Fed stimulus hopes, home sales

      In this Aug. 11, 2010 photo, specialist John Urbanowicz, left, talks with a colleague on the floor of the New York Stock Exchange. Stocks are opening Wednesday, May 22, 2013, slightly higher as investors watch for the latest moves from the Federal Reserve.  (AP Photo/Richard Drew)

      NEW YORK (AP) — Stocks are moving higher Wednesday after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its economic stimulus programs.

    • Bernanke's Q&A testimony to congressional panel Reuters - 13 hrs ago

      WASHINGTON (Reuters) - Below are highlights of the question and answer session of Federal Reserve Chairman Ben Bernanke's testimony on the U.S. economy to the congressional … More »Bernanke's Q&A testimony to congressional panel

      WASHINGTON (Reuters) - Below are highlights of the question and answer session of Federal Reserve Chairman Ben Bernanke's testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday. BERNANKE ON WHETHER HE WOULD SERVE A THIRD TERM: "I am not prepared to answer that question now." BERNANKE ON …

    • Analysis: As economy strengthens, a bonds sell-off may beckon Ellen Freilich - Reuters - 13 hrs ago

      By Ellen Freilich NEW YORK (Reuters) - The U.S. government bond market has weakened in recent weeks but some investment strategists fear that this may only be the beginning … More »Analysis: As economy strengthens, a bonds sell-off may beckon

      By Ellen Freilich NEW YORK (Reuters) - The U.S. government bond market has weakened in recent weeks but some investment strategists fear that this may only be the beginning of an extended sell-off. They point to the relative strength of the U.S. economy with the labor market stronger than anticipated, retail sales rising …

    • Britain's Chancellor of the Exchequer George Osborne, center, accompanied by India's Finance Minister Palaniappan Chidambaram, right, tour the Pudding Mill Lane Crossrail construction site, in east London, Thursday, May 16, 2013. (AP Photo/Lefteris Pitarakis, Pool)
      IMF calls on Britain to do more for growth DANICA KIRKA - AP - 13 hrs ago

      LONDON (AP) — The International Monetary Fund has called on Britain to do more to support the economic recovery, urging the government Wednesday to speed up investment … More »IMF calls on Britain to do more for growth

      Britain's Chancellor of the Exchequer George Osborne, center, accompanied by India's Finance Minister Palaniappan Chidambaram, right, tour the Pudding Mill Lane Crossrail construction site, in east London, Thursday, May 16, 2013. (AP Photo/Lefteris Pitarakis, Pool)

      LONDON (AP) — The International Monetary Fund has called on Britain to do more to support the economic recovery, urging the government Wednesday to speed up investment in infrastructure and come up with a plan to privatize its bailed out banks.

    • Bernanke's prepared testimony to Joint Economic Committee Reuters - 15 hrs ago

      WASHINGTON (Reuters) - Below is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee … More »Bernanke's prepared testimony to Joint Economic Committee

      WASHINGTON (Reuters) - Below is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday. Chairman Brady, Vice Chair Klobuchar, and other members of the Committee, I appreciate this opportunity to discuss the economic outlook and …

    • (Blank Headline Received)
      Ghana central bank raises prime rate to 16 pct Reuters - 15 hrs ago

      ACCRA (Reuters) - Ghana's central bank raised its prime interest rate by one percentage point to 16 percent on Wednesday, citing potential inflation risks from a weakening … More »Ghana central bank raises prime rate to 16 pct

      (Blank Headline Received)

      ACCRA (Reuters) - Ghana's central bank raised its prime interest rate by one percentage point to 16 percent on Wednesday, citing potential inflation risks from a weakening cedi currency and high government spending. Central Bank Governor Henry Kofi Wampah said Wednesday's monetary policy committee also discussed risks to …

    • A family leaves the Staples store in Broomfield
      Staples results miss estimates on overseas weakness Dhanya Skariachan - Reuters - 16 hrs ago

      By Dhanya Skariachan (Reuters) - Staples Inc missed analyst estimates for profit and sales in the first quarter, hurt by a stronger dollar and weak sales in Europe and … More »Staples results miss estimates on overseas weakness

      A family leaves the Staples store in Broomfield

      By Dhanya Skariachan (Reuters) - Staples Inc missed analyst estimates for profit and sales in the first quarter, hurt by a stronger dollar and weak sales in Europe and Australia. The lackluster numbers from the largest U.S. office supply chain came after rivals Office Depot Inc and OfficeMax Inc also reported weaker-than-expected …

    • Oil stays near $96 before crude stocks report, Fed PABLO GORONDI - AP - 17 hrs ago

      The price of oil was little changed above $96 a barrel Wednesday as investors waited confirmation of a rise in U.S. crude stocks and the Federal Reserve's latest views … More »Oil stays near $96 before crude stocks report, Fed

      The price of oil was little changed above $96 a barrel Wednesday as investors waited confirmation of a rise in U.S. crude stocks and the Federal Reserve's latest views on the U.S. economy.

    • Highlights - IMF urges Britain to do more to boost growth Reuters - 17 hrs ago

      LONDON (Reuters) - The International Monetary Fund called on Britain's government on Wednesday to do more to speed up slow economic recovery, hinting that the country … More »Highlights - IMF urges Britain to do more to boost growth

      LONDON (Reuters) - The International Monetary Fund called on Britain's government on Wednesday to do more to speed up slow economic recovery, hinting that the country might be able to afford to borrow more to fund investment. Following are the highlights of remarks made at a press conference by IMF First Deputy Managing …

     

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