US newspaper round-up: Boeing, Jobless claims, Rue21...
Thu 23 May 2013
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Chinese regulators has cleared the way for Boeing's 787 aircrafts to begin commercial service in the country, following the grounding enforced in January after issues with batteries overheating onboard, The Wall Street Journal reports.
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Grexit no longer as likely, says Citi economist
Thu 23 May 2013
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Citigroup Chief Economist Willem Buiter has changed his mind and no longer expects Greece to exit the euro imminently.
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Spanish hotel stays take a hit in April
Thu 23 May 2013
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Overnight stays in hotel estabilishments in Spain have fallen 11 percent on a year-on-year basis for the month of April, the country's national statistics office (INE) has reported.
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Spain sees borrowing costs tick higher at bond auction
Thu 23 May 2013
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The Spanish Treasury has returned to the sovereign debt market and found that its borrowing costs have ticked higher on lower demand for the first time since early February.
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ECB needs to do more as PMI signals Q2 Eurozone recession, says Markit
Thu 23 May 2013
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Eurozone private sector activity hit a three-month high in May, but still remained “deep in contraction territory”, according to a report published on Thursday by Markit.
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Germany's PMI data threatens Q2 GDP rebound
Thu 23 May 2013
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Though Germany's PMI (purchasing managers' index) data showed a sluggish advance in May, new orders continued to decline, putting a forecast rebound in growth during the second quarter at risk.
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Chinese manufacturing sector slips back into contraction
Thu 23 May 2013
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Factory activity growth in China moved backed into negative territory in May sparking worries over the recovery as the world's second-largest economy stagnates.
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Fed Chairman warns against premature QE exit
Wed 22 May 2013
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In remarks to the United States Congressional Joint Economic Committee on Wednesday, Federal Reserve Chairman Ben Bernanke warned against a pre-mature tightening of monetary policy.
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OPINION: “Job market is weak,” Greenspan says
Wed 22 May 2013
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Speaking on Wednesday afternoon to Congress US Federal Reserve Chairman Ben S. Bernanke has called attention to the still weak labour market, one of the weaknesses which, in the past, the central bank has highlighted must be addressed before it can proceed to modify its monetary policy.
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US newspaper round-up: Federal Reserve, Ford, JPMorgan...
Wed 22 May 2013
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William Dudley, the head of the New York Federal Reserve said that the a decision on scaling back the central bank’s asset purchase programme is still three to four months away, writes the Los Angeles Times.
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Incoming BoE chief Carney points to deep challenges Europe faces
Wed 22 May 2013
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Current Bank of Canada Governor and soon-to-be head of the Bank of England (BoE) Mark Carney pointed out the deep challenges facing Europe due to austerity, a lack of confidence and tight credit. He suggested that the region could learn lessons from Japan on not following through with solid policy.
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Bank of Japan holds policy unchanged, ups outlook
Wed 22 May 2013
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The Bank of Japan (BoJ) left its monetary policy unchanged as expected on Wednesday while upping its assessment of the economy based on an improved outlook.
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European summit to discuss more union but no conclusions expected
Wed 22 May 2013
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The European Council is set to hold yet another summit and unsurprisingly make little definitive progress as European Union heads of state meet on Wednesday in Brussels.
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US newspaper round-up: JPMorgan Chase, Sprint Nextel, United Airlines...
Tue 21 May 2013
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The New York Times says: “Jamie Dimon, the nation’s most powerful banker, appears set to hold onto his title of chairman after JPMorgan Chase’s shareholders defeated a proposal to split the two top jobs, according to people who have seen the preliminary tallies.” The paper pointed out that the margin of victory is still unclear.
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OECD first-quarter growth picks up
Tue 21 May 2013
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A report published on Tuesday by the Organization for Economic Coorperation and Development (OECD) showed that overall growth amidst its members improved during the first quarter.
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Spain sells short-term debt at higher costs
Tue 21 May 2013
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Spain managed to sell more short-term sovereign debt that it had originally predicted today but with mixed results on both demand and financing costs.
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Former Italian PM says crisis largely over
Tue 21 May 2013
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Italy's former technocrat Prime Minister Mario Monti said that the worst of the European crisis has passed and that the current Italian government would remain unchanged in the short-term.
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Germany attempts to speed up EU decision making, side-step UK
Tue 21 May 2013
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Germany is working on minor changes to European Union (EU) treaties in the hopes of speeding up the decision-making process, while at the same time avoiding an overhaul that might result in the repatriation of powers from Brussels to the UK.
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US newspaper round-up: Actavis, JPMorgan, Yahoo...
Mon 20 May 2013
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Actavis, the New York-listed generic drugmaker, is to buy Warner Chilcott in a stock-swap deal that values the latter at five billion dollars, writes The Wall Street Journal. The deal will be completed before the end of 2013 with the new company being led by the current Actavis team.
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Italy still stronger than Spain, says Moody's
Mon 20 May 2013
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Moody's Investors Service still sustains that Rome's stronger public finances are one of the key reasons for maintaining Italy's 'Baa2' sovereign rating one notch above Spain's 'Baa3'.
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