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    • CA-BUSINESS Summary Reuters - 25 mins ago

      TSX rises as gold miners lone sore spot TORONTO (Reuters) - Canada's main stock index rose on Friday as robust economic data helped drive gains in energy stocks and financial … More »CA-BUSINESS Summary

      TSX rises as gold miners lone sore spot TORONTO (Reuters) - Canada's main stock index rose on Friday as robust economic data helped drive gains in energy stocks and financial shares, offsetting weakness in gold producers. The materials sector, a major component of the S&P/TSX composite which includes gold miners, was the …

    • Governor of the Bank of England Mervyn King speaks to employees during the opening of the Prudential Regulation Authority in central London
      BoE governor King warns of euro risk to British recovery Reuters - 58 mins ago

      LONDON (Reuters) - The single biggest risk to Britain's nascent economic recovery is continued eurozone weakness, the Bank of England's outgoing governor Mervyn King … More »BoE governor King warns of euro risk to British recovery

      Governor of the Bank of England Mervyn King speaks to employees during the opening of the Prudential Regulation Authority in central London

      LONDON (Reuters) - The single biggest risk to Britain's nascent economic recovery is continued eurozone weakness, the Bank of England's outgoing governor Mervyn King said in a television interview on Sunday. He called for a "credible medium term plan" to get the economy back on track and said automatic economic stabilizers …

    • Pope Francis gestures as he talks to German Chancellor Angela Merkel during a private audience at the Vatican
      Germany's Merkel visits Pope, urges tougher market controls James Mackenzie - Reuters - 19 hrs ago

      By James Mackenzie VATICAN CITY (Reuters) - German Chancellor Angela Merkel met Pope Francis on Saturday and, apparently responding to his criticism of a heartless "dictatorship … More »Germany's Merkel visits Pope, urges tougher market controls

      Pope Francis gestures as he talks to German Chancellor Angela Merkel during a private audience at the Vatican

      By James Mackenzie VATICAN CITY (Reuters) - German Chancellor Angela Merkel met Pope Francis on Saturday and, apparently responding to his criticism of a heartless "dictatorship of the economy", called for stronger regulation of financial markets. On Thursday, Francis appealed in a speech for world financial reform, saying …

    • U.S. Federal Reserve Chairman Bernanke attends the G20 finance ministers meeting during the Spring Meeting of the IMF and World Bank in Washington
      Bernanke upbeat on innovation outlook in commencement address Reuters - 20 hrs ago

      WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards, delivering … More »Bernanke upbeat on innovation outlook in commencement address

      U.S. Federal Reserve Chairman Bernanke attends the G20 finance ministers meeting during the Spring Meeting of the IMF and World Bank in Washington

      WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards, delivering a sweeping look at the last 100 years that included memories of his 1963 South Carolina home. Bernanke made no reference to monetary policy or the immediate …

    • Poland's Prime Minister Donald Tusk speaks to the media during a news conference at the Prime Minister's Chancellery in Warsaw
      Polish conservative opposition leads opinion poll Reuters - Sat, May 18, 2013

      WARSAW (Reuters) - Poland's opposition Law and Justice (PiS) party has overtaken the ruling Civic Platform in an opinion poll released on Saturday, showing the government … More »Polish conservative opposition leads opinion poll

      Poland's Prime Minister Donald Tusk speaks to the media during a news conference at the Prime Minister's Chancellery in Warsaw

      WARSAW (Reuters) - Poland's opposition Law and Justice (PiS) party has overtaken the ruling Civic Platform in an opinion poll released on Saturday, showing the government may be increasingly vulnerable to the economic downturn. The center-right Civic Platform, led by Prime Minister Donald Tusk won 40 percent of the vote …

    • A salesperson talks to a customer behind models of a residential compound at a real estate exhibition in Wuxi
      China April housing inflation quickens to two year high Xiaoyi Shao and Michael Martina - Reuters - Sat, May 18, 2013

      By Xiaoyi Shao and Michael Martina BEIJING (Reuters) - China's housing inflation accelerated to its fastest pace in April in two years, driven by a jump in prices in … More »China April housing inflation quickens to two year high

      A salesperson talks to a customer behind models of a residential compound at a real estate exhibition in Wuxi

      By Xiaoyi Shao and Michael Martina BEIJING (Reuters) - China's housing inflation accelerated to its fastest pace in April in two years, driven by a jump in prices in Beijing and Shanghai, complicating the task of policymakers trying to cool the property sector while supporting economic expansion. Average new home prices …

    • EU Trade Commissioner Karel de Gucht stands for a portrait while visiting Reuters in New York
      Exclusive: EU cites Chinese telecoms Huawei and ZTE for trade violations Daniel Bases - Reuters - Sat, May 18, 2013

      By Daniel Bases NEW YORK (Reuters) - Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers … More »Exclusive: EU cites Chinese telecoms Huawei and ZTE for trade violations

      EU Trade Commissioner Karel de Gucht stands for a portrait while visiting Reuters in New York

      By Daniel Bases NEW YORK (Reuters) - Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines. European Union Trade Commissioner Karel De Gucht said he was prepared to launch …

    • FILE - In this Thursday, May 2, 2013, file photo, Trader Kevin Lodewick works on the floor of the New York Stock Exchange. World stock markets were mixed Friday May 17, 2013 as investors digested a slew of disappointing data from the U.S. ahead of the release of a key measurement of the country's economic outlook.  (AP Photo/Richard Drew)
      Stocks rise on hopeful signs for the US economy STEVE ROTHWELL - AP - Fri, May 17, 2013

      NEW YORK (AP) — Encouraging news about the U.S. economy extended the stock market's rally Friday. More »Stocks rise on hopeful signs for the US economy

      FILE - In this Thursday, May 2, 2013, file photo, Trader Kevin Lodewick works on the floor of the New York Stock Exchange. World stock markets were mixed Friday May 17, 2013 as investors digested a slew of disappointing data from the U.S. ahead of the release of a key measurement of the country's economic outlook.  (AP Photo/Richard Drew)

      NEW YORK (AP) — Encouraging news about the U.S. economy extended the stock market's rally Friday.

    • U.S. President Barack Obama talks with pre-kindergarten students in Baltimore
      After tough week, Obama tries to change the subject to jobs Roberta Rampton and Mark Felsenthal - Reuters - Fri, May 17, 2013

      By Roberta Rampton and Mark Felsenthal BALTIMORE (Reuters) - President Barack Obama on Friday sought to turn the spotlight from controversies threatening to swamp his … More »After tough week, Obama tries to change the subject to jobs

      U.S. President Barack Obama talks with pre-kindergarten students in Baltimore

      By Roberta Rampton and Mark Felsenthal BALTIMORE (Reuters) - President Barack Obama on Friday sought to turn the spotlight from controversies threatening to swamp his agenda back to his top priority - the economy - and announced he will try to cut in half the time it takes to get federal approval for large job-creating …

    • Traders work on the floor at the New York Stock Exchange
      Dow, S&P end at records, stocks mark fourth week of gains Leah Schnurr - Reuters - Fri, May 17, 2013

      By Leah Schnurr NEW YORK (Reuters) - Stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic … More »Dow, S&P end at records, stocks mark fourth week of gains

      Traders work on the floor at the New York Stock Exchange

      By Leah Schnurr NEW YORK (Reuters) - Stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies. The Dow and the S&P 500 finished at fresh record highs, driven by gains in energy and industrial …

    • Kerry to attend Syria talks on May 22, visit Mideast, Africa Reuters - Fri, May 17, 2013

      WASHINGTON (Reuters) - U.S. Secretary of State John Kerry will attend talks on Syria in Amman on Wednesday, the State Department said, as major powers try to bring the … More »Kerry to attend Syria talks on May 22, visit Mideast, Africa

      WASHINGTON (Reuters) - U.S. Secretary of State John Kerry will attend talks on Syria in Amman on Wednesday, the State Department said, as major powers try to bring the Syrian government and opposition to peace talks in June. Kerry's visit is part of a one-week trip that begins in Oman on Tuesday and includes talks about …

    • A general view of the TSX (Toronto Stock Exchange) Broadcast Centre in Toronto
      TSX rises as gold miners lone sore spot Alastair Sharp - Reuters - Fri, May 17, 2013

      By Alastair Sharp TORONTO (Reuters) - Canada's main stock index rose on Friday as robust economic data helped drive gains in energy stocks and financial shares, offsetting … More »TSX rises as gold miners lone sore spot

      A general view of the TSX (Toronto Stock Exchange) Broadcast Centre in Toronto

      By Alastair Sharp TORONTO (Reuters) - Canada's main stock index rose on Friday as robust economic data helped drive gains in energy stocks and financial shares, offsetting weakness in gold producers. The materials sector, a major component of the S&P/TSX composite which includes gold miners, was the lone sector to finish …

    • Mexico cuts growth outlook from 3.5 to 3.1 percent AP - Fri, May 17, 2013

      MEXICO CITY (AP) — The Mexican government says it has cut its economic growth forecast for 2013 from 3.5 percent to 3.1 after exports stagnated and first-quarter GDP … More »Mexico cuts growth outlook from 3.5 to 3.1 percent

      MEXICO CITY (AP) — The Mexican government says it has cut its economic growth forecast for 2013 from 3.5 percent to 3.1 after exports stagnated and first-quarter GDP figures came in weak.

    • House votes for more scrutiny of economic impact of SEC rules Sarah N. Lynch - Reuters - Fri, May 17, 2013

      By Sarah N. Lynch WASHINGTON (Reuters) - A divided House of Representatives on Friday passed a Republican-sponsored bill that would force federal securities regulators … More »House votes for more scrutiny of economic impact of SEC rules

      By Sarah N. Lynch WASHINGTON (Reuters) - A divided House of Representatives on Friday passed a Republican-sponsored bill that would force federal securities regulators to conduct more economic analysis before adopting rules for Wall Street. The bill, which is not expected to make it to the Democrat-controlled Senate floor …

    • Brazil approves law to modernize ports STAN LEHMAN - AP - Fri, May 17, 2013

      SAO PAULO (AP) — Brazil plans to modernize and expand its overcrowded ports, attract private investments to the sector and make it easier for companies to hire skilled … More »Brazil approves law to modernize ports

      SAO PAULO (AP) — Brazil plans to modernize and expand its overcrowded ports, attract private investments to the sector and make it easier for companies to hire skilled foreign workers, in a bid to spur economic growth,

    • Minneapolis Federal Reserve Bank President Narayana Kocherlakota speaks at a macro-finance conference hosted by the Boston Federal Reserve Bank and Boston University in Boston
      Fed has not lowered interest rates enough: Kocherlakota Ann Saphir - Reuters - Fri, May 17, 2013

      By Ann Saphir CHICAGO (Reuters) - The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing … More »Fed has not lowered interest rates enough: Kocherlakota

      Minneapolis Federal Reserve Bank President Narayana Kocherlakota speaks at a macro-finance conference hosted by the Boston Federal Reserve Bank and Boston University in Boston

      By Ann Saphir CHICAGO (Reuters) - The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low inflation and overly high unemployment over the next two to three years. Since the Great Recession, workers and businesses …

    • Mexico cuts growth outlet from 3.5 to 3.1 percent AP - Fri, May 17, 2013

      MEXICO CITY (AP) — The Mexican government says it has cut its economic growth forecast for 2013 from 3.5 percent to 3.1 after exports stagnated and first-quarter GDP … More »Mexico cuts growth outlet from 3.5 to 3.1 percent

      MEXICO CITY (AP) — The Mexican government says it has cut its economic growth forecast for 2013 from 3.5 percent to 3.1 after exports stagnated and first-quarter GDP figures came in weak.

    • Italian Cabinet passes first economic measures AP - Fri, May 17, 2013

      ROME (AP) — Italy's new cross-party government has adopted its first measures to help the economy. They include suspending a tax on primary residences and allocating … More »Italian Cabinet passes first economic measures

      ROME (AP) — Italy's new cross-party government has adopted its first measures to help the economy. They include suspending a tax on primary residences and allocating funds to extend a short-term layoff scheme.

    • Fitch downgrades Slovenia amid banking concerns AP - Fri, May 17, 2013

      LONDON (AP) — Fitch Ratings agency has downgraded Slovenia's credit grade by one notch, citing a weak economic outlook and a frail banking system. More »Fitch downgrades Slovenia amid banking concerns

      LONDON (AP) — Fitch Ratings agency has downgraded Slovenia's credit grade by one notch, citing a weak economic outlook and a frail banking system.

    • A woman watches an electronic stock board of a securities firm in Tokyo, Thursday, May 16, 2013. Asian stock markets were mixed Thursday following dour European economic data that dampened hopes of a recovery there anytime soon. However, losses were limited by another record session on Wall Street. (AP Photo/Koji Sasahara)
      World stocks strong into the weekend TOBY STERLING - AP - Fri, May 17, 2013

      AMSTERDAM (AP) — World stock markets rose steadily on Friday after two key indicators suggested the U.S. economic expansion will continue. More »World stocks strong into the weekend

      A woman watches an electronic stock board of a securities firm in Tokyo, Thursday, May 16, 2013. Asian stock markets were mixed Thursday following dour European economic data that dampened hopes of a recovery there anytime soon. However, losses were limited by another record session on Wall Street. (AP Photo/Koji Sasahara)

      AMSTERDAM (AP) — World stock markets rose steadily on Friday after two key indicators suggested the U.S. economic expansion will continue.

    • People shop in a shopping district in Hatay
      Analysis: Upgrade crowns Turkey's peaceful rise but pitfalls loom Paul Taylor - Reuters - Fri, May 17, 2013

      By Paul Taylor PARIS (Reuters) - Turkey's achievement of investment-grade status crowns a decade of rapid growth, financial stability and political reform by a "tiger" … More »Analysis: Upgrade crowns Turkey's peaceful rise but pitfalls loom

      People shop in a shopping district in Hatay

      By Paul Taylor PARIS (Reuters) - Turkey's achievement of investment-grade status crowns a decade of rapid growth, financial stability and political reform by a "tiger" economy on the seam of Europe and Asia, but the rising power still faces pitfalls in a dangerous neighborhood. Moody's Investors Service raised its rating …

    • File photo of shopper walking down aisle in newly opened Walmart Neighborhood Market in Chicago
      May consumer sentiment highest in nearly six years Leah Schnurr - Reuters - Fri, May 17, 2013

      By Leah Schnurr NEW YORK (Reuters) - Americans felt better about their economic and financial prospects in early May as consumer sentiment rose to the highest level in … More »May consumer sentiment highest in nearly six years

      File photo of shopper walking down aisle in newly opened Walmart Neighborhood Market in Chicago

      By Leah Schnurr NEW YORK (Reuters) - Americans felt better about their economic and financial prospects in early May as consumer sentiment rose to the highest level in nearly six years, an encouraging sign after other recent data had suggested broader U.S. growth is cooling. A gauge of future economic activity released …

    • In this Wednesday, April 3, 2013, photo,  construction is underway in Piscataway, N.J. The private Conference Board issues its April index of leading indicators on Friday, May 17, 2013. (AP Photo/Mel Evans)
      Gauge of US economy's future health up in April MARTIN CRUTSINGER - AP - Fri, May 17, 2013

      WASHINGTON (AP) — A measure of the U.S. economy's future health rose solidly in April, buoyed by a sharp rise in applications to build homes and a better job market. More »Gauge of US economy's future health up in April

      In this Wednesday, April 3, 2013, photo,  construction is underway in Piscataway, N.J. The private Conference Board issues its April index of leading indicators on Friday, May 17, 2013. (AP Photo/Mel Evans)

      WASHINGTON (AP) — A measure of the U.S. economy's future health rose solidly in April, buoyed by a sharp rise in applications to build homes and a better job market.

    • IMF says Cyprus at risk of even deeper recession MARJORIE OLSTER - AP - Fri, May 17, 2013

      WASHINGTON (AP) — The International Monetary Fund said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international … More »IMF says Cyprus at risk of even deeper recession

      WASHINGTON (AP) — The International Monetary Fund said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at averting a debt default.

    • Economic growth gauge eased last week: ECRI Reuters - Fri, May 17, 2013

      NEW YORK (Reuters) - A measure of future U.S. economic growth dipped last week, while the annualized growth rate also pulled back, a research group said on Friday. The … More »Economic growth gauge eased last week: ECRI

      NEW YORK (Reuters) - A measure of future U.S. economic growth dipped last week, while the annualized growth rate also pulled back, a research group said on Friday. The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index fell to 130.2 in the week ended May 10 from …

     

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