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Skittishness in global finance about the Federal Reserve's intention to start “tapering” its asset purchases has been joined by rising angst about a credit crunch in China.
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Low-interest rates and extra liquidity from central banks may have bought economies across the globe some time since the financial crisis, but this monetary policy now needs to end to ensure a return to growth, a new report by the Bank for International ...
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By Richard Hubbard. LONDON | Mon Jun 24, 2013 3:52am EDT. LONDON (Reuters) - The U.S. central bank's plans to scale back its stimulus and fears Chinese policy may be tightening sent the dollar sharply higher on Monday, while world shares extended ...
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By Kate Holton and Harro Ten Wolde. LONDON/FRANKFURT | Mon Jun 24, 2013 3:59am EDT. LONDON/FRANKFURT (Reuters) - Vodafone (VOD.L) has agreed to buy Germany's largest cable operator Kabel Deutschland (KD8Gn.
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All major U.S. stock indexes fell by roughly 2% last week, though this comes after equity markets have marched up by well over 10% over the past few months.
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Japanese shares fell, led by companies that do business in China, amid concern about the growth outlook for Asia's biggest economy.
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A widespread power outage darkened a swath of California's Central Coast, affecting approximately 145,000 Pacific Gas and Electric Company customers late Sunday, the utility said.
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The Girl Scouts of the USA faces an array of problems at present. Here's a summary of major issues, and what the organization had to say about them in a statement to The Associated Press: ———.
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German business confidence increased in June for a second month amid speculation that a recovery in Europe's largest economy is gathering pace.
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(CNN) -- A United Airlines 787 Dreamliner was diverted early Sunday due to a mechanical problem, the second such incident for the plane in a week.
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European stocks fell for a fifth day, erasing their gains for this year, as Goldman Sachs Group Inc. cut China's growth forecast amid concern banks at the world's second-largest economy face a cash crunch.
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Fresno, Calif. (KFSN) -- Hostess is betting on a sweet comeback for its most popular dessert when it returns to store shelves next month.
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Jacob Frenkel, chairman of JPMorgan Chase (JPM) International, will return to head the Bank of Israel, replacing Stanley Fischer in the governor's job he left 13 years ago.
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FILE - In this May 24, 1976 photo an Air France Concorde SST lands at Dulles International Airport to inaugurate commercial passenger service between Paris and Washington.
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HONG KONG, June 24 | Mon Jun 24, 2013 4:10am EDT. HONG KONG, June 24 (Reuters) - Hong Kong shares dived on Monday, rocked by steep losses in mainland markets with Chinese financials hammered on fears that the central bank would keep money ...
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TOKYO | Mon Jun 24, 2013 2:23am EDT. TOKYO (Reuters) - Japan's Suntory Beverage and Food Ltd (2587.T) will offer its shares at 3,100 yen each, valuing its initial public offering at 388 billion yen ($4 billion), the company said in a regulatory filing on ...
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Rio Tinto Group, the world's second-largest mining company, will keep its diamond businesses after failing to find a buyer and deciding not to pursue an initial public offering of the unit.
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The consulting firm that a New York State investigative panel said had charged “exorbitant” fees for its services to the Long Island Power Authority responded on Sunday, saying it had been unaware of the commission's claims before Saturday.
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For all the talk about rate shock—next year's Obamacare-induced spike in health insurance prices—there are a few states where you'd think rate shock shouldn't happen.
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CHATTANOOGA, Tennessee - Volkswagen calls its Chattanooga plant a global model for energy conservation and efficient production. But executives remain tightlipped about whether the facility is in line to produce a new crossover SUV for the German ...
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