Latest and Breaking Economics News and Top Stories - July 7
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It was only two weeks ago when Bed Bath and Beyond reported earnings that missed across the top and bottom line. And while the company has little control over contracting revenues, one reason it may have missed on the EPS (at $0.93 vs $0...
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Be careful what you wish for. As the Fed imbibes a sense of confidence in its ability to manage any bumps in the road on its perpetual bubble-blowing mission through the use of macro-prudential policies (big words that truly mean nothing...
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With GM recalling virtually every car it has made since emerging from bankruptcy, another maker of flaming paperweights has quietly managed to slip through the cracks of public attention. So it was perhaps well-timed, if only for GM, tha...
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Trio of ministers travel to United Arab Emirates in bid to boost foreign investment in Egypt.
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Bond Anxiety in $1.6 Trillion Repo Market as Failures Soar ( BBG ), as reported first by Zero Hedge As Food Prices Rise, Fed Keeps a Watchful Eye ( WSJ ) Yellen’s Economy Echoes Arthur Burns More Than Greenspan ( BBG ) Draghi’s $1.4 Tril...
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The five Brics nations have reached a broad consensus on their $100bn development bank though some differences remain, a senior Chinese diplomat says.
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Outsourcing under fire, but coalition government increases value of contracts to near £88bn.
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According to C Rangarajan's poverty estimation report, poverty level in urban areas increased more than rural areas
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According to the statement, EPFO showed a stellar performance in the grievance redressal area, and by the month (June) end only 4,450 grievances were pending and more than 100 offices of EPFO have been able to report nil pendency of grie...
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First it was Treasurys to fill the NFP gap, and then, a little after 4am, it was the USDJPY's turn which - despite all talk of an imminent upside breakout - promptly tumbled by nearly 30 pips well below 102, to 101.9 thus also returning ...
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HSBC EM index jumps to 52.3 in June from 50.6 in May 2014.
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The DA is calling for e-tolling to be reviewed in Parliament, adding that it is an economic burden putting pressure on the strained finances of South Africans.
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Alex Salmond said the UK Prime Minister is playing a game of roulette with Scotland's future
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But Killik & Co says the figure excludes all the extra costs of providing uniforms and school trips.
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Chancellor, hoping to attract millions from Indian firms, says new PM has created 'real excitement' over hopes for reform George Osborne has praised the controversial new Indian prime minister Narendra Modi for creating a mood of change ...
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Of the total 328 coal blocks identified for allocation for captive purposes, the government has so far allocated 218 and deallocated 80 coal blocks.
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There are no easy answers to solve Europe's public and private debt crisis - what worked for Germany hasn't worked for Spain Eurozone leaders continue to debate how best to reinvigorate economic growth, with French and Italian leaders no...
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Haruhiko Kuroda says moderate recovery is taking hold but that era of ultra-loose monetary policy is far from over
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The local poultry industry says it is a relief that anti-dumping duties have been applied to imports of frozen chicken from the Netherlands, Germany and the UK.
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Though it is not always possible to estimate revenues and expenditures for the year ahead, we have taken a policy decision to present future budgets, starting with the one to be presented in February 2015, based on the accrual system. Th...
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Spanish Wi-Fi provider Gowex files for bankruptcy after CEO and founder admitted fiddling accounts.
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Karl 'Chip' Case created the Case-Shiller home price indexes. He's worried about the U.S. housing market and says consumers should only buy for the long haul.
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BEIJING (Reuters) - China and the United States will discuss the yuan's value as well as the impact of U.S. monetary policy at a meeting this week, Chinese Vice Finance Minister Zhu Guangyao said on...
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Local authorities across England and Wales are calling for plans to build half a million new homes before the end of the decade.
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Private alternatives to traditional Medicare are attracting more people, as a new generation with different expectations enters retirement.
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TOKYO (Reuters) - The Bank of Japan kept its upbeat assessment for all of the country's nine regions, saying a moderate recovery was taking hold and bolstering views the economy is on track to meet...
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With the growth in passenger earnings declining, railways is likley to spell out its strategy to earn additional revenue to reach the target in the current fiscal. While many unviable projects may be scrapped, Gowda will also announce so...
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Poverty standards as per new benchmarks are being criticised for making "neither common sense nor economic sense."
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Russian consumer confidence rebounded slightly in June from a record low the previous month.
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Land banks are public entities created to revive vacant or tax-foreclosed properties. The small city of Newburgh on the Hudson River has been trying to revitalize itself using a land bank.
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German premier landed in Chengdu yesterday with a delegation of German companies.
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Egypt has raised the sales tax on cigarettes by up to 120% and doubled the tax on alcohol, as part of a bid to curb the budget deficit and reform the economy.
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BERLIN (Reuters) - Germany's industrial output fell 1.8 percent on the month in May, its biggest drop in more than two years, as holiday days ate into working hours, construction slumped and...
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The government announces £6bn of funding for local governments designed to boost local economies.
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If Numsa continues muscling employers into deals they can't afford, it would hasten the decline and eventual destruction of the industry, says an employers' body.
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Grantham Institute study says climate legislation has not harmed UK businesses, reports BusinessGreen The UK's climate change policies have not damaged business competitiveness, leading economists will say today. A new report by Samuela ...
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Final year students' confidence in the job market is at its highest for more than a decade.
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German industrial production has posted its biggest fall in nearly two years, adding to signs that global tensions have weighed on Europe's largest economy.
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Germany says industrial output fell at fastest pace for two years during May.
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German industrial production sees its biggest drop in two years in May, weighed down by sharp falls in the construction and manufacturing sectors.
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Some £6bn of funding to local governments has been announced with more to follow over next six years.
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BERLIN (Reuters) - Sentiment in the euro zone showed a surprise improvement in July with investor optimism boosted by the European Central Bank's growth measures and improved expectations for the...
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Prasad Koparka, Senior Director, CRISIL Research said overall revenue growth should improve going forward with gross NPAs of banks likely to trend in range of 4-4.5%.
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The Dow breached 17,000 points on 3 July before the US markets closed for Independence Day
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South Africa's net gold and foreign exchange reserves were slightly higher at $44.828bn in June from $44.506bn in May, data from the Reserve Bank shows.
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Consumer spending rose 0.6% on year in June, rounding off fastest growing quarter since mid-2010.
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Impala Platinum says workers are continuing with a wildcat strike over wages at its Marula mine.
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BEIJING (Reuters) - China's economy probably steadied in the second quarter with annual growth holding firm at 7.4 percent, a Reuters poll showed, suggesting that a recovery is taking hold as a...
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Latin American ambassadors to the United Nations (UN) and Uruguay's Vice-president Danilo Astori showed their support to Argentina in its dispute against holdout hedge funds. They agreed that the so-called 'vulture funds' are a risk to d...
