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Federal Reserve chairman Ben Bernanke said Tuesday that economic recovery hinges on stabilizing the financial system, and proposed new policies aimed at absorbing financial shocks in the future.
"Until we stabilize the financial system, a sustainable eco..
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SAO PAULO (AP) -- Latin America's largest economy shrank in the fourth quarter of last year compared to the previous quarter as the economic crisis gripped the world and put a halt to Brazil's business boom, the government said Tuesday.
The economy contr..
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A look at economic developments and stock market activity around the world Monday:
TOKYO -- Japanese shares, already among Asia's worst performing this year, fell sharply to a 26-year closing low on the news that the world's second-largest economy posted..
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NEW YORK (AP) -- The weekly calendar holds little meaning on Wall Street these days.
Traders and investors who normally plot their course around expected economic figures and corporate announcements are trying to hang on in a market that isn't being corr..
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President Obama told Americans on Saturday that ending the economic crisis will not be "easy," but the nation will emerge "more prosperous" through swift and bold actions.
Speaking in his weekly radio and Internet address from the White House, Obama made..
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U.S. recession has not hit bottom
A measure of future economic activity slipped to a 14-year low of 105.2 for the week ended Feb. 27 from 105.5 in the prior week, suggesting the end of this recession has "yet to start taking shape," according to the Econ..
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WASHINGTON (Reuters) - U.S. economic conditions worsened in January and February and businesses do not expect improvement until late this year or early 2010, a Federal Reserve survey published on Wednesday said.
"National economic conditions deteriorated..
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WASHINGTON (AP) -- The country spiraled deeper into recession to start 2009, forcing widespread cutbacks and layoffs among everyone from blue-collar workers who once churned out construction equipment to white-collar professionals like business consultant..
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WASHINGTON (AP) -- The United States spiraled deeper into recession to start 2009, forcing widespread cutbacks and layoffs among everyone from blue-collar workers who once churned out construction equipment to white-collar professionals like business cons..
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WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke told Congress Tuesday that any hope for an economic recovery will hinge on the government's ability to prop up shaky financial markets.
The effectiveness of a string of radical actions taken by the..
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WARSAW, Poland (AP) -- Poland's economic growth slowed sharply to 2.9 percent in last year's fourth quarter as the global crisis began to take its toll on the country, preliminary figures showed Monday.
The estimated year-on-year increase in gross domest..
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NEW YORK (AP) -- Amid all the gloomy economic data, this week has brought one piece of good news for the U.S. government: Appetite for its debt is still holding up.
The Treasury Department managed to auction a record $94 billion in new long-term debt thi..
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CHA-AM, Thailand (AP) -- Southeast Asian economic ministers signed two pacts on trade and investment Thursday and plan to ink a free trade pact with Australia and New Zealand at an annual summit, where they have vowed to resist protectionism amid the glob..
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Major business events and economic events scheduled for Thursday:
WASHINGTON -- Labor Department releases weekly jobless claims, 8:30 a.m.
WASHINGTON -- Commerce Department releases durable goods for January, 8:30 a.m.
WASHINGTON -- Commerce Department..
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A look at economic developments and stock market activity around the world Tuesday:
LONDON -- Britain is poised for a step into the unknown as the Bank of England prepares to boost the amount of money in the economy to fight recession, a member of the Ba..
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NEW YORK (AP) -- Americans' already battered confidence in the economy went into free fall in February, sinking to new lows as consumers grow more fearful over massive job cuts and shrinking retirement accounts.
Fresh economic news out Tuesday likely wil..
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NEW YORK (AP) -- Wall Street signaled a moderate rebound Tuesday as investors awaited economic readings and Federal Reserve Chairman Ben Bernanke's testimony on monetary policy.
The data on the economy follow another sharp drop in the market Monday that..
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BANGKOK (AP) -- Asian finance ministers pledged Sunday to uphold free trade and investment in the midst of the global economic slowdown and said they would allocate an additional $40 billion to protect falling currencies.
The ministers from 10 Southeast..
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By Matt Falloon
BERLIN (Reuters) - European leaders sought on Sunday to overhaul global financial rules and hammer out a common approach to the economic downturn at a meeting in Berlin.
They are under pressure to deliver on pledges made at the November..
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WASHINGTON (AP) -- In sheer size, the economic measures announced by President Barack Obama to address "a crisis unlike we've ever known" are remarkable, rivaling and in many cases dwarfing the New Deal programs that Franklin D. Roosevelt famously created..
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