Post Tagged with: "economy"

Fed tapering concerns dominate markets

November 25, 2013 9:18 AM0 comments
Fed tapering concerns dominate markets

LONDON — Concerns that the U.S. Federal Reserve will cut its monetary stimulus kept European and Asian markets in check Thursday, but U.S. stocks recouped previous losses. On Wednesday, U.S. investors were spooked by the minutes to the last Fed policy meeting and that caution carried through into the Asian […]

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How fast food poverty costs America billions

October 17, 2013 11:01 AM0 comments
How fast food poverty costs America billions

While fast food corporations reap vast fortunes, taxpayers finance $7 billion in public assistance for the workers. Twin studies released at noon Tuesday estimate that the majority of families of front-line fast food workers use public assistance, at a taxpayer cost of nearly $7 billion a year, while seven publicly-traded […]

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eMediaWorld.com Reports Markets drift after mixed US retail sales data

September 14, 2013 9:56 AM0 comments
eMediaWorld.com Reports Markets drift after mixed US retail sales data

LONDON — A mixed set of U.S. retail sales data did little to alter the cautious mood in markets Friday as investors geared up for next week’s crucial meeting of the U.S. Federal Reserve. Ongoing uncertainty over Syria also kept a lid on sentiment. Though retail sales in August rose […]

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eMediaWorld Markets ending volatile week on steady note

August 24, 2013 4:50 AM0 comments
eMediaWorld Markets ending volatile week on steady note

LONDON — Stocks made some modest gains Friday at the end of a week that’s been dominated by speculation over when the U.S. Federal Reserve will start reducing its stimulus. Aside from a whopping 13 percent fall in U.S. new home sales in July, there’s been little economic news to […]

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eMediaWorld Dutch gov’t to reprivatize ABN Amro via listing

4:46 AM0 comments
eMediaWorld Dutch gov’t to reprivatize ABN Amro via listing

AMSTERDAM — The Dutch government plans to re-privatize ABN Amro NV, the bank that was nationalized five years ago to help prevent a meltdown of the financial system, via a stock market listing that will happen next year at the earliest, Prime Minister Mark Rutte said Friday. “Our conclusion is […]

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eMediaWorld.com Reports Sanctions biting but Iran not budging

August 23, 2013 10:52 AM0 comments
eMediaWorld.com Reports Sanctions biting but Iran not budging

WASHINGTON — New signs are emerging that international sanctions are taking a deepening toll on Iran’s economy — putting billions of dollars in oil money out of the government’s reach. Yet there is no indication the distress is achieving the West’s ultimate goal of forcing the Islamic Republic to halt […]

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eMediaWorld.com Emerging markets take brunt of Fed tapering fears

August 20, 2013 3:59 AM0 comments
eMediaWorld.com Emerging markets take brunt of Fed tapering fears

LONDON — Shares around the world, particularly those in emerging economies, fell Tuesday as investors braced for the phasing out of a U.S. central bank stimulus program that has shored up markets for the past few years. Stock benchmarks and currencies in developing countries such as India and Indonesia have […]

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eMediaWorld.com: Forecast-busting US jobless claims data hit stocks

August 15, 2013 9:45 AM0 comments
eMediaWorld.com: Forecast-busting US jobless claims data hit stocks

LONDON — A fall in weekly U.S. jobless claims to a near six-year low Thursday reinforced expectations that the Federal Reserve will start to reduce its monetary stimulus next month, sending stocks sharply lower and the dollar up. The Labor Department reported that weekly claims slid 15,000 last week to […]

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eMediaWorld.com – BoE gov gives ‘forward guidance’ on interest rates

August 7, 2013 3:45 PM0 comments
eMediaWorld.com – BoE gov gives ‘forward guidance’ on interest rates

LONDON — The Bank of England’s new Gov. Mark Carney sought to spur Britain’s sluggish recovery Wednesday when he said the central bank will not consider raising its record low interest rate until unemployment falls below 7 percent. In a significant change of policy for the Bank of England, Carney […]

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Global stock markets buoyed ahead of Fed statement

July 31, 2013 8:05 AM0 comments
Global stock markets buoyed ahead of Fed statement

MILAN — Strong eurozone unemployment data combined with better-than-expected U.S. jobs and economy figures to give a modest boost to stock markets on Wednesday. Eurostat figures showed the number of unemployed across the 17 European Union nations fell for the first time since April 2011, providing further hope that the […]

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