(Reuters) – When Jennifer Anderson’s family could no longer afford their mortgage and lost their home, she expected many years to pass before they would again become property owners. But less than two years later, … continue…
German economy powers on, French growth evaporates
(Reuters) – Germany’s economy confounded expectations by posting robust growth in the first quarter of the year while France could summon up none at all and Italy slid further into recession, data showed on Tuesday. … continue…
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China January-April FDI inflow at $37.9 billion, outlook dark
(Reuters) – China’s foreign direct investment inflows dropped 2.4 percent in the first four months of 2012 versus last year, the longest period of declining inflows since the depths of the global financial crisis and … continue…
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Output falling, Euro zone heads for recession
(Reuters) – Output at factories in the euro zone unexpectedly fell in March, the latest in a series of disappointing numbers signaling that the bloc’s recession may not be as mild as policymakers hope. Industrial … continue…
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Global shares fall as deepening Greek turmoil weighs
(Reuters) – Asian shares fell on Monday after weekend talks to form a new Greek government failed and China’s latest move to loosen monetary policy highlighted concerns its economy is faltering, prompting investors to further … continue…
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Fears over Spain linger despite banking plan
(Reuters) – Spain’s clean-up plan for its troubled banks lacks some of the key ingredients that helped other governments restore faith in their financial sectors, restructuring experts said, pointing to a potential need for heavier … continue…
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East Asian powers set to push trade pact talks
(Reuters) – China, Japan and South Korea will set in motion formal talks for a three-way free trade pact and unveil an accompanying investment treaty at a summit in Beijing on Sunday. The three nations … continue…
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Norwegian, the Oslo based Low Service Airline facing hard times
As a result of new EU-legislation airlines can no longer, as have been the practice among the low service airlines, employ their crews in shady tax shelters in order to avoid paying social security and … continue…
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China acts to boost loans, bolster flagging economy
(Reuters) – China’s central bank cut the amount of cash that banks must hold as reserves on Saturday, freeing an estimated 400 billion yuan ($63.5 billion) for lending to head-off the risk of a sudden … continue…
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Porsche CEO drops plan for entry-level model
(Reuters) – German sports car maker Porsche (VOWG_p.DE)(PSHG_p.DE) has dropped plans to build a two-seater vehicle which would have been smaller and cheaper than its Boxster model, Stuttgarter Zeitung reported on Saturday, citing Chief Executive … continue…
