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WRAPUP 2-U.S. jobless claims data hints at strengthening labor market
Reuters* Weekly jobless claims fall 4,000 * Claims lowest in nearly 5-1/2 years * Four-week average of claims lowest since 2007 * Data suggests strengthening labor market conditions By Lucia Mutikani WASHINGTON, May 9 (Reuters) - The number of Americans...Tags: Victoria's Secret, Unemployment, Unemployment Benefits, Consumers, Layoffs and Downsizing
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TREASURIES OUTLOOK-Higher U.S. yields draw buyers
Reuters* U.S. Treasury to auction $16 billion 30-yr bonds on Thursday * New U.S. jobless claims, due Thursday, forecast at 335,000 (Adds information on jobless claims in paragrafs 4 though 6) By Ellen Freilich NEW YORK, May 8 (Reuters) - U.S. Treasuries...Tags: Auction Service, China, Government Debt, Labor Markets, Bonds
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RPT-FED FOCUS-Fed's credibility tested as inflation drifts below target
ReutersBy Pedro Nicolaci da Costa WASHINGTON, May 8 (Reuters) - With the U.S. inflation rate about half of the Federal Reserve's 2.0 percent target, the central bank is facing a major test and some experts wonder whether it will eventually need to ramp up its...Tags: Federal Reserve, Consumer Confidence, Economy, Finance, Market and Exchange
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Tunisia stock market stirs, points to stronger economy
Reuters* Three IPOs so far this year vs two in all of 2012 * Official says 15 in the pipeline * Contrasts with moribund IPO outlook in Egypt * Market regulation still a problem * Outlook unclear for listings of big state firms By Tarek Amara TUNIS, May 8...Tags: Tunisia, Politics, Financing and Stock Offerings, Finance, Egypt
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Sea cucumbers, abalone off the menu in China frugality drive
ReutersBy Kevin Yao and Megha Rajagopalan BEIJING, May 8 (Reuters) - President Xi Jinping's crackdown on Chinese government extravagance has emptied top-end restaurants and dented the sale of expensive food and drink, putting downward pressure on the world's...Tags: Politics, National Government, Xi Jinping, Government, China
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German finance minister softens stance on EU bank union
ReutersBERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble signaled a softer stance on European banking union on Tuesday, saying that rather than waiting for a treaty change, governments should coordinate policies on closing banks. A banking union...Tags: Politics, Credit and Debt, Debt Market, Germany, Public Finance
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IMF: Greece making progress but must do more on taxes
ReutersWASHINGTON (Reuters) - Greece has made progress in reducing government debt and improving its competitiveness, but needs to follow through on structural reforms to ensure its economy recovers, the IMF said on Monday after a mission visit to the country....Tags: Politics, Budgets and Budgeting, National Government, International Organizations, Government
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Latin America falls short in saving commodity boom windfall -IMF
ReutersMEXICO CITY, May 6 (Reuters) - Latin American commodity exporters have largely failed to take full advantage of surging raw material prices to boost savings and a recent deterioration in external accounts bears watching, the International Monetary Fund...Tags: Politics, Peru, International Organizations, Trade Balance, Petroleum Industry
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Slovenia considers privatizations to avoid bailout
ReutersLJUBLJANA (Reuters) - Slovenia is looking to sell its largest telecoms operator and second largest bank, sources said, as it steps up efforts to shore up its finances and avoid an international bailout. The country is racing to convince investors it...Tags: Politics, Budgets and Budgeting, National Government, International Organizations, Public Finance
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FACTBOX-Key facts about Mexico's tax system
ReutersMEXICO CITY, May 6 (Reuters) - Mexico's new government has promised a comprehensive review of its tax system, to be announced in the second half of 2013 along with an overhaul of energy policy. Here are some facts about the country's tax system: *...Tags: Politics, National Government, Government, United Nations, Argentina
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ANALYSIS-Mexico aims to overhaul tax system, raise revenue
ReutersBy Krista Hughes MEXICO CITY, May 6 (Reuters) - Tax breaks for attending "civic values" courses, tax-free sales of second-hand furniture, special treatment for call centers and an informal economy employing six out of 10 workers are all in the line of...Tags: Politics, National Government, Budgets and Budgeting, Germany, Environmental Issues
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GLOBAL ECONOMY-Euro zone slump drags on, Chinese growth sags
Reuters* Euro zone downturn drags on, Chinese growth sags -PMIs * Data suggest global economic growth weakened in April * Euro zone retail sales fall in March By Andy Bruce LONDON, May 6 (Reuters) - Business growth flagged in China, recession dragged on euro...Tags: Germany, ING Group, Finance, Market and Exchange, China
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