Asia stocks near 1-month high; euro dips after WSJ
By Kevin Yao
SINGAPORE (Reuters) - Asian stocks hovered near one-month highs on Tuesday as investors awaited Chinese data, while the euro took a hit after a newspaper report rekindled fears about the weakness...
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Greek PM reshuffles cabinet, stays fiscal course
By Dina Kyriakidou
ATHENS (Reuters) - Greek Prime Minister George Papandreou reshuffled his cabinet early on Tuesday to try to better deal with the debt crisis and signaled he would stay the fiscal course...
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Obama kicks off campaign with infrastructure plan
By Steve Holland
MILWAUKEE (Reuters) - President Barack Obama, scrambling to jump-start job creation in a sluggish economy, proposed a six-year plan on Monday to rebuild aging roads, railways and runways with an initial...
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Obama kicks off campaign with $50 bln jobs plan
By Steve Holland
MILWAUKEE (Reuters) - President Barack Obama, scrambling to jump-start job creation in a sluggish U.S. economy, announced on Monday a six-year plan to revamp aging roads, railways and airport runways with...
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Obama kicks off campaign with $50 billion jobs plan
By Steve Holland
WASHINGTON (Reuters) - President Barack Obama, scrambling to jump-start job creation in a sluggish U.S. economy, will announce on Monday a six-year plan to revamp aging roads, railways and airport runways...
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EU finmins want budget rule offenders rapped swiftly
By Marcin Grajewski and Paul Carrel
BRUSSELS (Reuters) - European Union finance ministers sought on Monday to make sanctions for EU budget rule breakers more automatic, but put off potentially difficult talks on a...
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Fed should not set limit on economy aid: Kohn
WASHINGTON (Reuters) - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said.
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Growth hopes boost global equities
By Jeremy Gaunt, European Investment Correspondent
LONDON (Reuters) - World stocks rose on Monday on hopes the U.S. economy can avoid slipping back into recession, although the International Monetary Fund's chief economist warned of...
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Obama to announce $50 bln infrastructure job plan
By Steve Holland
WASHINGTON (Reuters) - President Barack Obama will announce on Monday a six-year plan to revamp the United States' aging roads, railways and runways with a $50 billion up-front investment to jump-start...
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Russia Medvedev forecasts early grain ban removal
By Denis Dyomkin
VORONEZH, Russia (Reuters) - Moscow on Monday gave another mixed signal about the duration of a grain export ban set initially from August 15 to December 31, but European Union grain...
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Russia's Medvedev forecasts early removal of grain ban
By Denis Dyomkin
VORONEZH, Russia (Reuters) - President Dmitry Medvedev signaled on Monday Russia's ban on grain exports may be lifted earlier than December 31 this year and state grain stocks may be insufficient...
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Nowotny says no ECB exit discussions before December: report
FRANKFURT (Reuters) - The European Central Bank will not discuss its exit from unlimited liquidity provision before December, the central bank's Governing Council member Ewald Nowotny was quoted as saying on Monday.
"We certainly...
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Obama to announce $50 billion infrastructure job plan
WASHINGTON (Reuters) - President Barack Obama will announce on Monday a six-year infrastructure revamp plan with an initial investment of $50 billion to jump-start job creation, a white house official said.
Obama is committed...
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Jobs data continues to lift global equities
By Jeremy Gaunt, European Investment Correspondent
LONDON (Reuters) - Encouraging news about the U.S. employment picture continued to spill over onto financial markets on Monday, lifting world stocks on hopes that a slip back...
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Asia stocks hit 1-month high
By Koh Gui Qing
SYDNEY (Reuters) - Asian stocks touched one-month highs on Monday and European bourses extended last week's rally, as investors bet a recent run of better-than-expected economic data meant the world...
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Hon Hai shares fall after reports on sales target cut
TAIPEI (Reuters) - Shares in Hon Hai Group <2317.TW>, maker of Apple's <AAPL.O> iPhones, fell as much as 4 percent on Monday after its chairman was quoted as saying in a report that the group will halve its long-term sales growth target to 15 percent annually.
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Obama launches big week on economy
By Steve Holland
WASHINGTON (Reuters) - President Barack Obama launches several economic initiatives this week aimed at generating some desperately needed U.S. job growth and limiting predicted Democratic losses in November 2 congressional elections.
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Australia's Macquarie warns on profit
By Narayanan Somasundaram
SYDNEY (Reuters) - Australia's top investment bank Macquarie Group Ltd <MQG.AX> warned investors it would miss profit forecasts after weak markets took a toll on its trading and advisory business, sending...
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What might make the Fed flinch?
By Emily Kaiser
WASHINGTON (Reuters) - The U.S. economy appears to be trudging along, neither booming nor busting, growing steadily enough to diminish double-dip recession fears but not quickly enough to bring down unemployment.
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IMF's Lipsky says moderate world recovery underway
GWANGJU, South Korea (Reuters) - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.
"They...
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Anglo Irish Bank to be "decommissioned": minister
DUBLIN (Reuters) - Nationalized Anglo Irish Bank <ANGIB.UL> will be "decommissioned," with a decision on its fate expected within a few weeks, a junior government minister was quoted on Saturday as saying.
The comments...
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Obama says his economic policies halted "bleeding"
By Steve Holland
WASHINGTON (Reuters) - President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said "have stopped the bleeding" and put the middle...
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