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News & Updates
China grew at its slowest pace in six years at the start of 2015 and weakness in key sectors suggested the world's second-largest economy was still losing momentum, intensifying Beijing's struggle to find the right policy mix to...
U.S. stocks closed mixed on Tuesday as investors digested the first of the major earnings reports and moderate economic data. Stronger oil and JPMorgan Chase earnings boosted the Dow Jones industrial average and the S&P 500.
April 15, 2015 Oil rises on U.S. production dips, Middle East tensionsSource: Reuters
Crude oil futures rose on Tuesday on signs of falling U.S. oil production, weakness in the dollar and tensions in the Middle East, particularly Yemen
Source: The Guardian
Two of the US’s largest banks released first-quarter results on Tuesday and gave a mixed picture of the state of the banking industry. JP Morgan Chase, the US’s largest bank by assets, announced profits had risen by 12% over the...
April 15, 2015 U.S. Seen Becoming Net Energy Exporter on Shale OutputSource: Bloomberg
The U.S. government said for the first time that the nation will become a net energy exporter within 15 years as the shale boom bolsters crude oil production.
April 15, 2015 Europe shares at 14-year high on central bank largesseSource: Reuters
European shares hit a 14-year high on Wednesday before a meeting at which the European Central Bank is expected to affirm its loose policy stance, as weak data from China raised prospects of monetary easing there too.
April 15, 2015 US retail sales rebound, post largest gain in a yearSource: The Business News
US retail sales rose in March for the first time since late last year as consumers bought automobiles and other goods, bolstering views that a sharp slowdown in economic growth in the first quarter was temporary
April 15, 2015 IMF says currency shifts support global economic growthSource: Reuters
Recent shifts in exchange rates should help the global economy, boosting Japan and Europe in particular, amid increasing divergence in the growth paths of the world's major economies, the International Monetary Fund said on...
April 15, 2015 Fed Beige Book: Economy still growing but slowlySource: USA Today
The economy continued to grow at a stubbornly slow pace in late winter, with significant drag from layoffs in the oil patch, according to the Federal Reserve's Beige book, an anecdotal roundup of business conditions at the 12 Fed...
April 14, 2015 Top 1% pay nearly half of federal income taxesSource: CNBC
The top-earning 1 percent of Americans will pay nearly half of the federal income taxes for 2014, the largest share in at least three years, according to a study.
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