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May factory output seen at three-month low of 1.6 per cent
The median forecast of 23 economists showed output at factories, mines and utilities grew an annual 1.6 per cent in May, after an upwardly revised 2.3 per cent in April.
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Jobless claims data brightens US jobs picture
Bahrain Telecommunications Co (Batelco) is in talks with Reliance Communications to buy a stake in the Indian operator's enterprise business unit, the former monopoly said on Thursday.
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Superstorm Sandy may cause damages worth US$ 50 billion
Superstorm Sandy will end up causing about $20 billion in property damages and $10 billion to $30 billion more in lost business, according to IHS Global Insight, a forecasting firm.
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India's diesel price dilemma - making the rich pay more
The government is under pressure to cut runaway spending on fuel subsidies.
-
Americans' credit card usage jump to highest in 5 years
Most of the gains have been driven by auto and student loans, which rose to a record $1.7 trillion in May.
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Bernanke signals no imminent steps to aid economy
The Federal Reserve chief sent no signals that the Fed will take further steps soon to aid the economy.
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US April hiring slows, jobless rate falls to 8.1%
Employers added 115,000 workers to their payrolls last month, the Labor Department said on Friday.
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China's April factory purchasing index at 13-month high
China's official purchasing managers' index (PMI) rose to a 13-month high in April, signalling the economy has found a footing and may be recovering from a first-quarter trough, but smaller factories are still struggling. The improvement in manufacturing likely reflected restocking after a slow winter.
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Greek debt swap could be short-lived reprieve
Greece's deep recession and unpredictable elections threaten to turn the biggest debt restructuring in history into yet another short-lived reprieve, although the existential threat posed to the euro zone is not what it was.
-
Stronger US economy may strain to top expectations
The U.S. economy has been outrunning everyone's expectations; but it might get harder to do so next time
-
May factory output seen at three-month low of 1.6 per cent
The median forecast of 23 economists showed output at factories, mines and utilities grew an annual 1.6 per cent in May, after an upwardly revised 2.3 per cent in April.
-
Jobless claims data brightens US jobs picture
Bahrain Telecommunications Co (Batelco) is in talks with Reliance Communications to buy a stake in the Indian operator's enterprise business unit, the former monopoly said on Thursday.
-
Superstorm Sandy may cause damages worth US$ 50 billion
Superstorm Sandy will end up causing about $20 billion in property damages and $10 billion to $30 billion more in lost business, according to IHS Global Insight, a forecasting firm.
-
India's diesel price dilemma - making the rich pay more
The government is under pressure to cut runaway spending on fuel subsidies.
-
Americans' credit card usage jump to highest in 5 years
Most of the gains have been driven by auto and student loans, which rose to a record $1.7 trillion in May.
-
Bernanke signals no imminent steps to aid economy
The Federal Reserve chief sent no signals that the Fed will take further steps soon to aid the economy.
-
US April hiring slows, jobless rate falls to 8.1%
Employers added 115,000 workers to their payrolls last month, the Labor Department said on Friday.
-
China's April factory purchasing index at 13-month high
China's official purchasing managers' index (PMI) rose to a 13-month high in April, signalling the economy has found a footing and may be recovering from a first-quarter trough, but smaller factories are still struggling. The improvement in manufacturing likely reflected restocking after a slow winter.
-
Greek debt swap could be short-lived reprieve
Greece's deep recession and unpredictable elections threaten to turn the biggest debt restructuring in history into yet another short-lived reprieve, although the existential threat posed to the euro zone is not what it was.
-
Stronger US economy may strain to top expectations
The U.S. economy has been outrunning everyone's expectations; but it might get harder to do so next time
