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Economy

US declines to label China currency manipulator
The Obama administration on Friday declined to label China a currency manipulator, although it said that China's currency remains significantly ...
Oil falls 2 percent, gas prices to keep dropping
Signs that the global economy isn't strong enough to quickly burn through the world's ample supplies of oil and gasoline sank crude oil prices for a ...
Stocks end a four-day advance as energy slides
A four-day surge in the stock market came to an end on Friday as falling commodity prices brought down energy and mining companies. Signs of a slowing ...
Cyprus president to ask EU for more help
Cyprus' president said Friday he will ask the European Union to provide more help for the crisis-hit country, which has to pay for most of its ...
Gold plunges to $1,500, lowest since 2011
Gold futures have notched their biggest one-day fall in more than a year. Gold for June delivery plunged $63.50 to close at $1,501.40 an ounce Friday, ...
US retail sales fall 0.4 percent in March
Sales at U.S. retailers fell in March from February, indicating that higher taxes and weak hiring likely made some consumers more cautious about ...
Billions taken by Tunisia ex-dictator missing
Officials trying to right Tunisia's ailing economy shouldn't count on an estimated $20 billion still to be recovered from the family of the deposed ...
EU to extend loan repayments for Ireland, Portugal
European Union finance ministers agreed Friday to grant Ireland and Portugal seven years more years to pay their bailout loans, easing the burden on ...
US retail sales drop keeps markets in check
More disappointing U.S. economic figures weighed on markets Friday after a solid run that's seen the two main U.S. stock indexes strike a series of ...
US businesses boosted stockpiles only 0.1 pct.
U.S. companies restocked their shelves at a much slower pace in February than January, a sign they expected consumer and business spending to weaken.
Dutch government puts austerity plans on hold
The Dutch government has temporarily abandoned austerity measures it previously said were needed to bring the country's budget deficit within European ...
Bailed-out Portugal to unveil more cuts next week
Portugal's prime minister says his government will announce new spending cuts worth 1.2 billion euros ($1.6 billion) next week to compensate for ...
Weak start for stocks on Wall Street; banks slide
The stock market is heading lower in early trading after a four-day rise as bank shares weaken. Wells Fargo and JPMorgan fell after reporting revenue ...
Suu Kyi visit highlights Japan's Myanmar push
Japan's long-deferred aspirations for a larger role in Myanmar are getting a boost this coming week with a visit by Nobel Peace Prize laureate and ...
Wholesale prices drop 0.6 percent in March
A measure of wholesale prices fell in March by the largest amount in 10 months, reflecting a big drop in gasoline prices. The producer price index ...
Barrick suffering big setbacks in Latin America
A Chilean court's halt to construction of Barrick Gold Corp.'s $8 billion, border-straddling mine on the high spine of the Andes is only the latest ...
Price surge for tomatoes has Brazilians up in arms
The tomato has long been a near-obligatory garnishing for just about any Brazilian dish, yet it's becoming the country's apple of discord.
Infosys profit down, shares slide on outlook
Indian outsourcing giant Infosys reported lower quarterly profit and forecast subdued revenue growth on Friday due to fragile business confidence in ...
Asian stock markets mixed as gains cashed up
Asian stock markets were mixed Friday as investors turned cautious and took profits from recent rallies in spite of evidence pointing to an improving ...
Ex-KPMG partner hit with civil, criminal charges
It has shades of a Hollywood crime story. An accountant and a jeweler are longtime friends and golf partners. But then the down-on-his-luck jeweler ...
Cold March keeps shoppers' spending tepid
So much for new spring shorts and T-shirts. As cold weather lingered across most of the country, Americans shopped modestly in March. U.S.
Lew says budget deal with Congress can be reached
Treasury Secretary Jacob Lew told Congress on Thursday that the Obama administration is optimistic about a budget deal, but he urged lawmakers to ...
Cyprus bailout swells to $30 billion
The cost of bailing out Cyprus has swollen to 23 billion euros ($30 billion), with the crisis-hit country having to take on the lion's share of the ...