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CompareCC News Archive Listing for Economy during 2010-07.
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Business confidence in Japan at 2-year high
 
AP - Major Japanese manufacturers — riding high from a booming Asia — haven't felt this good in two years.
Obama to announce Recovery Act awards Friday
 
AP - President Barack Obama is announcing on Friday new Recovery Act awards aimed at creating jobs and driving economic growth.
European bank stress test results due on July 23
 
Reuters - The result of tests designed to show that Europe's banks are able to cope with further economic and other shocks will be published on July 23, French Economy Minister Christine Lagarde said on Sunday.
Reforms in focus after Komorowski wins Polish election
 
Reuters - Moderate conservative Bronislaw Komorowski has narrowly won Poland's presidential election, raising pressure on the government of Prime Minister Donald Tusk to deliver on economic reforms.
Australian government under attack over mine tax revenue
 
Reuters - Australia's government came under political attack on Tuesday over a potential A$4.5 billion ($3.8 billion) loss in revenue from a new mine tax, months before elections in which economic management will be a major issue.
China won't dump U.S. Treasuries or pile into gold
 
Reuters - China on Wednesday ruled out the 'nuclear' option of dumping its vast holdings of U.S. Treasury securities but called on Washington to be a responsible guardian of the dollar.
IMF lifts 2010 world GDP view but flags Europe debt risk
 
Reuters - The International Monetary Fund upgraded its 2010 global growth forecast on Thursday on the back of robust expansion in Asia and renewed U.S. private demand, but warned the euro area's debt crisis posed a big risk to recovery.
ECB's Trichet: budget cuts won't lead to new slump
 
Reuters - European Central Bank President Jean-Claude Trichet dismissed warnings that drastic and simultaneous spending cuts planned by euro zone governments could send the 16-country bloc back into recession.
Economists see U.S. recovery weakening: survey
 
Reuters - The U.S. economy will lose steam as the year progresses but will not slide back into recession, even though unemployment is unlikely to fall significantly, according to a survey released on Saturday.
China likely to buck trend of stable inflation
 
FT.com - Inflation figures are set to dominate the week's economic releases, with June price statistics published in several countries, including the US, the eurozone states and the UK.
State governors face fiscal strain
 
Reuters - State governors meeting in Boston this weekend had plenty on their minds, from the Gulf oil spill to Arizona's border security controversy. But the economy -- and another year of fiscal pain -- topped the bill.
Infosys Q1 disappoints and Europe woes dampen outlook
 
Reuters - Infosys Technologies edged up its forecast on a revival in outsourcing demand from its mainstay financial clients, but its shares fell as markets worried a weak European economy could curb orders.
Eurozone industrial output up for 3rd month in May
 
AP - Industrial output in the 16 countries that use the euro rose for the third month running in May, official figures showed Wednesday, but the increase was slightly lower than anticipated by the markets.
GE CEO Immelt sees slow U.S. and European crisis exit: report
 
Reuters - The United States and Europe are slowly pulling out of the economic crisis, General Electric Co chairman and chief executive Jeffrey Immelt told la Repubblica daily in an interview on Thursday.
Buffet warns Obama: US economy only '40, 50 pct back'
 
AFP - US President Barack Obama said he received a warning from billionaire investor Warren Buffet, who told him the United States is only 40 to 50 percent recovered from its withering recession.
CFM engine maker upbeat on commercial recovery
 
Reuters - Emerging markets and low-cost carriers are driving a rebound in commercial aviation -- where opportunities now outweigh the risks as economies recover, the head of the world's top engine firm said.
Obamas wrap up weekend Maine getaway
 
AP - President Barack Obama and his family managed to make it through a couple of days of family vacation time without a crisis forcing a change in plans.
Firms plan to hire but service sector lags: survey
 
Reuters - Plans by U.S. firms to increase payrolls over the next six months have risen to the highest level since January 2008, but some service sector companies still see layoffs, according to a survey released on Monday.
China downcast on exports as EU debt woes bite
 
Reuters - China sounded a gloomy note on Tuesday about its export prospects, warning in particular that belt-tightening by deeply indebted European Union governments would dampen demand for the country's goods.
Fed chief focused on keeping recovery alive
 
AP - Federal Reserve Chairman Ben Bernanke heads to Congress Wednesday with a message of reassurance: The Fed stands ready to take new steps to bolster the recovery if the economy worsens.
Midterm politicking hovers over economic decisions
 
AP - Midterm politics are distorting economic decision-making as leaders of both parties spin rival views of the road ahead, offering visions based on questionable economics.
UK GDP up unexpectedly strong 1.1 pct in Q2
 
AP - Britain's economy grew by 1.1 percent in the second quarter, the Office for National Statistics said Friday, surprising markets that had expected more modest expansion.
Obama praises Wall Street reforms
 
AFP - US President Barack Obama Saturday praised a Wall Street reform law enacted this week and rejected a Republican plan to jump-start the economy, saying it will take the country backward.
No double dip recession: US Treasury Secretary
 
AFP - The US economy is not headed for a double dip recession but should gradually strengthen over the next year or two, US Treasury Secretary Timothy Geithner said in an interview aired Sunday.
Japan export growth slows; yen rise may hurt ahead
 
Reuters - Japanese exports rose more than expected in June from a year earlier but the pace of increase slowed for the fourth straight month, a sign the economic recovery may lose steam on moderating overseas demand.
German consumer confidence up strongly
 
AP - German consumer confidence is up strongly, boosted by expectations that a quicker economic recovery will keep unemployment in check and by cheer over the football World Cup and sunny weather, a survey showed Tuesday.
IMF gives ground on yuan exchange rate debate
 
Reuters - The International Monetary Fund has chosen not to call the yuan 'substantially' undervalued, a move that recognizes China's efforts to free up its exchange rate and avoids friction with an increasingly influential shareholder.
Oil hovers near $77 on US economy, crude demand
 
AP - Oil prices hovered near $77 barrel Thursday in Asia amid signs of a slowing U.S. economy and weak demand for crude.
IMF backs more stimulus to help slow US recovery
 
AFP - The International Monetary Fund on Friday said more stimulus spending might be needed to aid a slow US economic recovery, wading into a toughly-fought political debate in Washington.
When Double Dippers become economic party poopers
 
AP - They're a minority, but a vocal one, and they're hovering like storm clouds over a brittle recovery.

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