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    • CA-BUSINESS Summary Reuters - 41 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 …

    • Japan's Prime Minister Shinzo Abe attends a meeting hosted by Japan Akademeia in Tokyo
      Analysis: Little sign Abe can shake up Japan's inbound FDI Stanley White - Reuters - 41 mins ago

      By Stanley White TOKYO (Reuters) - Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it … More »Analysis: Little sign Abe can shake up Japan's inbound FDI

      Japan's Prime Minister Shinzo Abe attends a meeting hosted by Japan Akademeia in Tokyo

      By Stanley White TOKYO (Reuters) - Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades. Prime Minister Shinzo Abe pledged to make Japan "the world's easiest country for companies to do business in" as part of his economic …

    • Obama tries to bounce back after tough week Steve Holland - Reuters - 2 hrs 41 mins ago

      By Steve Holland ATLANTA (Reuters) - President Barack Obama complained on Sunday that partisan battles in Washington are holding back stronger U.S. economic growth as … More »Obama tries to bounce back after tough week

      By Steve Holland ATLANTA (Reuters) - President Barack Obama complained on Sunday that partisan battles in Washington are holding back stronger U.S. economic growth as he tried to recover from one of the most difficult weeks of his presidency. On a trip to Atlanta, Obama did not specifically mention the three controversies …

    • Exclusive: South Africa's NUM seeks 15-60 percent wage rises from gold, coal producers Ed Stoddard - Reuters - 3 hrs ago

      By Ed Stoddard JOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers said it would seek pay rises of up to 60 percent from gold and coal producers, raising … More »Exclusive: South Africa's NUM seeks 15-60 percent wage rises from gold, coal producers

      By Ed Stoddard JOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers said it would seek pay rises of up to 60 percent from gold and coal producers, raising the prospect of fresh strikes as firms battle higher costs and falling prices in an already heated labor climate. Africa's biggest economy is hoping …

    • (Blank Headline Received)
      Sudan to sell stakes in four sugar plants-state media Reuters - 8 hrs ago

      KHARTOUM (Reuters) - Sudan, struggling with economic crisis and a budget deficit, plans to sell stakes in four state-owned sugar plants to attract partners, the official … More »Sudan to sell stakes in four sugar plants-state media

      (Blank Headline Received)

      KHARTOUM (Reuters) - Sudan, struggling with economic crisis and a budget deficit, plans to sell stakes in four state-owned sugar plants to attract partners, the official news agency SUNA said. The African country has been trying to boost its sugar output to offset the loss of most oil production, the main export product, …

    • Germany's Vice Chancellor and FDP Chairman Roesler attends an extraordinary FDP Party meeting in Nuremberg
      German minister calls EU move on China solar 'grave mistake' Reuters - 9 hrs ago

      BERLIN (Reuters) - German Economy Minister Philipp Roesler said the European Commission made a "grave mistake" by agreeing to impose punitive import duties on solar panels … More »German minister calls EU move on China solar 'grave mistake'

      Germany's Vice Chancellor and FDP Chairman Roesler attends an extraordinary FDP Party meeting in Nuremberg

      BERLIN (Reuters) - German Economy Minister Philipp Roesler said the European Commission made a "grave mistake" by agreeing to impose punitive import duties on solar panels from China and urged the Commission to work to prevent the eruption of a trade conflict. "It's a grave mistake," Roesler told Welt am Sonntag newspaper …

    • Man walks outside of Hellenic Postbank's headquarters in Athens
      Greece to sell Postbank, Proton in July, stress-test big banks Reuters - 9 hrs ago

      ATHENS (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans … More »Greece to sell Postbank, Proton in July, stress-test big banks

      Man walks outside of Hellenic Postbank's headquarters in Athens

      ATHENS (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an inspection review. Greece is recapitalizing its four big banks and winding down …

    • Chairman of the Federal Reserve Bank Bernanke attends the Treasury Department's Financial Stability Oversight Council in Washington
      Job market gains could lead Fed to taper QE3 early Ann Saphir and Jonathan Spicer - Reuters - 10 hrs ago

      By Ann Saphir and Jonathan Spicer (Reuters) - The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think … More »Job market gains could lead Fed to taper QE3 early

      Chairman of the Federal Reserve Bank Bernanke attends the Treasury Department's Financial Stability Oversight Council in Washington

      By Ann Saphir and Jonathan Spicer (Reuters) - The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting. Much will depend on how economic data, which has given mixed signals for growth prospects, …

    • Bank of England Governor Mervyn King speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury
      BoE's King sends message to successor Carney William Schomberg - Reuters - 10 hrs ago

      By William Schomberg LONDON (Reuters) - Bank of England Governor Mervyn King has urged successor Mark Carney not to bring to Britain his trademark policy of spelling … More »BoE's King sends message to successor Carney

      Bank of England Governor Mervyn King speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury

      By William Schomberg LONDON (Reuters) - Bank of England Governor Mervyn King has urged successor Mark Carney not to bring to Britain his trademark policy of spelling out how long interest rates will remain low. King also said the bank could not be run as "a one-man show," a sign of concern at high expectations that the …

    • Bank of England Governor Mervyn King speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury
      Bank of England's King sends message to successor Carney William Schomberg - Reuters - 10 hrs ago

      By William Schomberg LONDON (Reuters) - Bank of England Governor Mervyn King has urged successor Mark Carney not to bring to Britain his trademark policy of spelling … More »Bank of England's King sends message to successor Carney

      Bank of England Governor Mervyn King speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury

      By William Schomberg LONDON (Reuters) - Bank of England Governor Mervyn King has urged successor Mark Carney not to bring to Britain his trademark policy of spelling out how long interest rates will remain low. King also said the bank could not be run as "a one-man show," a sign of concern at high expectations that 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 - 11 hrs 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 - Sat, May 18, 2013

      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 - Sat, May 18, 2013

      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 …

     

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