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German economy ‘in good shape’: Bundesbank chief Jens Weidmann

German economy ‘in good shape’: Bundesbank chief Jens Weidmann waving away suggestions that clouds could be building over Europe’s biggest economy. Speaking at the Bundesbank’s annual news conference, president Jens Weidmann pointed to record high employment last year and falling unemployment. “While wage growth was … Continue reading at economictimes.indiatimes.com ‘Brexit,’ House Prices Loom Over […]

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Consumers ‘winning’ even as oil hurts companies: Jamie Dimon

Consumers ‘winning’ even as oil hurts companies: Jamie Dimon This June 19, 2012 file photo shows JPMorgan Chase CEO Jamie Dimon testifying during a US House Financial Services Committee hearing on Capitol Hill in Washington, DC. (Photo: SAUL LOEB, AFP/Getty Images) NEW YORK — JPMorgan Chase CEO Jamie Dimon gave an … Continue reading at […]

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Saudi Arabia’s oil minister is going face-to-face with the people he’s putting out of business

Saudi Arabia’s oil minister is going face-to-face with the people he’s putting out of business Thomson ReutersFile picture of Saudi Arabian Oil Minister al-Naimi talking to journalists before a meeting of OPEC oil ministers at OPEC’s headquarters in Vienna HOUSTON (Reuters) – This week, Saudi Oil Minister Ali Al-Naimi will for the first time face […]

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U.S. overtakes France to become Germany’s top trading partner

U.S. overtakes France to become Germany’s top trading partner Thomson ReutersA stamp on a toy car reading ‘Made in Germany” is pictured in Dortmund By Rene Wagner BERLIN (Reuters) – The United States became the top destination for German exports last year, overtaking France for the first time since 1961 thanks to an … Continue […]

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10 Clear Signs the Government Is Fibbing About the Economy

10 Clear Signs the Government Is Fibbing About the Economy Listen at charismapodcastnetwork.com. Late last week, financial headlines surrounding the possibility of an impending global recession made for a wild week on Wall Street. CNBC asked, “The health of the global economy has been gnawing at investors … Continue reading at charismanews.com Rand at best […]

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Asia stocks gain after oil rises, US manufacturing improves

Asia stocks gain after oil rises, US manufacturing improves SEOUL, South Korea (AP) — Asian stocks mostly posted strong gains on Thursday as a rebound in the price of oil and solid U.S. manufacturing data boosted European markets and Wall Street. KEEPING SCORE: Japan’s Nikkei 225 jumped 2.3 percent to 16,208.55 … Continue reading at […]

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Asian stocks meander as pact on oil output weighed

Asian stocks meander as pact on oil output weighed TOKYO (AP) — Asian stock markets meandered Wednesday as investors weighed a preliminary agreement between Russia and Saudi Arabia to hold off on further increases in crude oil production, possibly alleviating a growing glut in supply. KEEPING SCORE … Continue reading at wacotrib.com Stock Week Ahead: […]

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One of the world’s biggest mining companies is cutting 5,500 jobs because of the slowdown in China

One of the world’s biggest mining companies is cutting 5,500 jobs because of the slowdown in China Steve Dykes/Getty ImagesCuts are coming. Anglo American is slashing its business to the bone. The mining giant on Tuesday announced a radical reduction in its business, cutting 60% of jobs, selling off huge swathes of assets, and stopping […]

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