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US Unemployment Rate Rises above 10% – Dollar Falls against Euro and Yen
06/11/2009 | 22:13 GMT+5:30 | nvs The US Labor Department has released October figures, according to which the unemployment rate rose to 10.2% in October, the highest rate since April 1983 as per BBC....
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British Airways to cut 1,200 jobs amid losses
BBC NEWS | 06/11/2009 | 17:10:45 GMT British Airways says it plans to cut a further 1,200 jobs after reporting a first-half loss for the first time. The job loss announcement means the airline will...
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Banks Thwarting Feinberg Pay Model by Changing Bonus Formulas
Bloomberg | November 6, 2009 | 00:01 EST Global leaders and regulators trying to rein in banker pay are proposing everything from clamping down on guaranteed bonuses to recouping compensation from...
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Britain urges divided G20 to reach climate deal
Reuters | St. Andrews, Scotland | Sat Nov 7, 2009 | 7:26pm IST British finance Minister Alistair Darling urged his G20 counterparts on Saturday to work toward a $100 billion deal to tackle climate...
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Geithner Brown Split on Tobin Tax at G-20 Meeting
Bloomberg November 8, 2009 03:24 EST Group of 20 governments split on whether to tax financial trading as part of a broader strategy to ensure the global economy’s expansion is less crisis-prone. U.K....
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The 2009 Jobless Recovery
CalculatedRisk | 11/09/2009 | 11:11:00 AM The following graph shows the maximum number of net jobs lost after the end of several official recessions (both in numbers and as a percent of peak employment...
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China production and retail rise
BBC News | Shanghai | 06:33 GMT, Wednesday, 11 November 2009 The latest economic data from China suggests that industrial production grew year on year at a level faster than expected. Retail sales also...
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Rising Unemployment is a threat to ‘World Free Trade’
12/11/2009 | 13:19 GMT+5:30 | nvs WTO Director General Pascal Lamy, who is attending a meeting of ‘Asia-Pacific trade and finance ministers in Singapore, told CNBC that the rising unemployment is the...
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Japan’s economy continues growing
BBC NEWS |2009/11/16 | 06:48:02 GMT Figures released by the Japanese government show that the country’s economy has grown for a second successive quarter. The world’s second biggest economy grew by...
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Stronger Yuan Needed for Global Rebalancing – IMF Chief
Reuters | 15 Nov 2009 | 9:48 PM ET A stronger Chinese Yuan is part of the reforms that Beijing needs to implement to increase domestic consumption and help ease global imbalances, the head of the...
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World Out of Balance –Paul Krugman
PAUL KRUGMAN | NYT | November 16, 2009 International travel by world leaders is mainly about making symbolic gestures. Nobody expects President Obama to come back from China with major new agreements,...
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Goldman Sachs Apologizes, Gives Back
ABC NEWS Business Unit | Nov. 18, 2009 The Wall Street firm that has arguably taken the most heat for its multibillion-dollar employee compensation will donate $500 million for a new program to help...
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Surprise fall in US home building
BBC NEWS | 2009/11/18 | 14:21:13 GMT The construction of new homes and apartments in the US showed a surprise fall in October. New US housing starts tumbled 10.6% to an annual rate of 529,000 homes –...
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Struggling in a recovering economy
BBC NEWS | 2009/10/29 | 00:03:07 GMT America slowly appears to be emerging from recession, rebounding from its worst slump in decades. For many Americans the pain is still dragging on. More than 200...
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UK Economy Shrank Less Than Previously Estimated
Bloomberg | November 25, 2009 | 05:12 EST The U.K. economy shrank less than previously estimated in the third quarter as consumer spending stopped falling and the service industries slump eased,...
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Recovery or Bubble?
C.P. Chandrasekhar | MRzine.org | 06.12.2009 Fears of a new speculative boom on which the global recovery rides are being expressed in different circles. There are as many aspects to these fears as...
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As Slump Hits Home, Cities Downsize Their Ambitions
The police department in this city of 470,000 has lost about 50 officers, and is hiring lower-paid civilians to do investigative work. The Little League has to pay the city $15 an hour to turn on...
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Time to Buy Dollars as Euro Economies Reach Limits of Austerity
Time to Buy Dollars as Euro Economies Reach Limits of Austerity – Bloomberg 02/08/2010 FX Concepts LLC, the hedge fund that bought the euro in June just as it began a 9.7 percent surge against the...
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India, China seen leading robust Asian recovery
Reuters | Aug 19, 2010 | 7:28pm IST Asian economies are likely to show robust growth this year supported by China and India, though growth could slow in the second half, the Asian Development Bank...
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ECB to hold fire, Fed loads second stimulus round
Yahoo | AFP | 31/10/2010 The European Central Bank governing council meets this week after European leaders moved to shore up eurozone stability and as the US Federal Reserve mulls a second round of...
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