Reuters – The euro zone economy is heading into its second recession in just three years and the wider European Union will stagnate, the EU’s executive said on Thursday, warning that the currency area has yet to break its vicious cycle of debt.
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Euro zone economy set to shrink in 2012, deficits in focus
(Reuters)
Reuters – Worldwide shipments of business jets and other private aircraft fell again last year, but billings rose modestly in a sign of improvement in a tough economy.
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Private jet shipments slip, but improvement seen
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Reuters – The new U.S. Consumer Financial Protection Bureau is weighing a crackdown on checking account overdraft fees charged by banks, saying the charges can “inflict serious economic harm” on consumers.
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U.S. consumer agency to examine bank overdraft fees
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Reuters – The new U.S. Consumer Financial Protection Bureau is weighing a crackdown on checking account overdraft fees charged by banks, saying the charges can “inflict serious economic harm” on consumers.
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U.S. consumer agency to examine bank overdraft fees
(Reuters)
Reuters – European Union leaders will call at a summit next week for the world’s 20 biggest economies (G20) to agree in April to substantially boost funds available to the International Monetary Fund, draft conclusions of the meeting showed.
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EU leaders to ask G20 to back higher IMF funds
(Reuters)
Reuters – President Barack Obama’s re-election campaign regularly rips Republican presidential frontrunner Mitt Romney for his economic policies. On Tuesday, it added former Senator Rick Santorum to its list of top targets.
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In shift, Obama campaign targets Santorum on economy
(Reuters)
Reuters – U.S. Senators said in Cairo on Monday they hoped for a swift end to a row over U.S. pro-democracy activists accused of working illegally in Egypt and said they were committed to help Egypt nurture its democratic institutions and rebuild its economy.
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U.S. Senators in Cairo want swift end to NGO case
(Reuters)
Reuters – China’s leader-in-waiting Xi Jinping on Friday swiped away fears that his country’s economic growth could stumble, and turned to courting American companies, film-makers and governors hungry for a slice of that growth on the final day of his U.S. visit.
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China’s Xi sells U.S. trade elixir, personal chemistry
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Reuters – The number of Americans filing for new unemployment benefits unexpectedly fell to a near four-year low last week, suggesting the labor market recovery was quickening.
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Jobs, factory data strengthen growth outlook
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Reuters – Former U.S. Vice President Al Gore wants to end the default practice of quarterly earnings guidance and explore issuing loyalty-driven securities as part of an overhaul of capitalism which he says has turned many of the world’s largest economies into hotbeds of irresponsible short-term investment.
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Al Gore takes aim at "unsustainable" capitalism
(Reuters)