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BERLIN (Reuters) - The impact of a Greek exit from the euro zone would be substantial but "manageable", Germany's Bundesbank said on Wednesday, raising pressure on Athens to keep its painful economic reforms on track.
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MADRID (Reuters) - Spain may say on Wednesday how it will plug a hole of at least 8 billion euros ($10.21 billion) at Bankia, part of an effort to clean up a banking sector laden with bad debts and stop the country sinking further into the...(more)
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BRUSSELS (Reuters) - Euro zone officials have agreed that each euro zone country must prepare an individual contingency plan in the eventuality that Greece decides to leave the single currency area, two eurozone officials said on Wednesday. The agreement was reached during a teleconference of the...(more)
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submitted by Robby for team staff news 1 day 28 minutes ago
LONDON (AP) -- Retail sales fell sharply in Britain during the wettest April in a century, official data showed Wednesday, a piece of bad economic news which analysts say could help prod the Bank of England to approve more monetary stimulus....
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LONDON (Reuters) - Investors fleeing the euro zone to seek safety in British government bonds may be taking a riskier bet than they think: The ultra-low interest rates the shrinking UK economy is paying look unlikely to last.
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LONDON (AP) -- Skepticism that European Union leaders will be able to cobble together a plan to kick-start the region's faltering economy and deal with its crippling debt crisis hit stock markets hard Wednesday....
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submitted by Robby for team staff news 1 day 3 hours 28 minutes ago
WASHINGTON (AP) -- Oklahoma oil billionaire Harold Hamm didn't wait long to make a nearly $1 million donation to a group supporting Republican presidential candidate Mitt Romney after he became one of Romney's top energy advisers in March. Just weeks after Hamm joined the Romney campaign,...(more)
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submitted by Robby for team staff news 1 day 3 hours 28 minutes ago
Workers at one of California's largest oil refineries, in Martinez, may go on strike after rejecting a contract offer from the plant's owner, raising the possibility of another gasoline price hike in the state.... Presented By: Amplify Your Brand During Small Business Week for a Buck...(more)
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submitted by Robby for team staff news 1 day 4 hours 28 minutes ago
The Indian rupee continues its downward slide of the past few days and hits an all-time low against the dollar.
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submitted by Robby for team staff news 1 day 7 hours 28 minutes ago
WASHINGTON (AP) -- Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading....
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submitted by Robby for team staff news 1 day 8 hours 28 minutes ago
Would the issuance of euro bonds help to solve the Continent’s debt crisis, or simply spread the pain to the stronger nations like Germany?
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submitted by Robby for team staff news 1 day 9 hours 28 minutes ago
BEIJING (Reuters) - The World Bank cut its economic growth forecast for China this year to 8.2 percent from 8.4 percent on Wednesday and urged the country to rely on easier fiscal policy that boosts consumption rather than state investment to lift activity.
