AP – Official figures show that the 17-nation eurozone economy contracted by 0.3 percent in the final three months of 2011 as many countries slipped back into recession.
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Eurozone economy shrinks by 0.3 percent in Q4 (AP)
Obama to tout American manufacturing in Wis. visit (AP)
AP – President Barack Obama will try to use his Wednesday visit to a Milwaukee padlock manufacturer to highlight an improving economy and showcase companies that are bringing jobs back to the U.S., even though the Wisconsin company’s success isn’t reflective of the state.
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Oil demand and forecasts: getting it wrong again in 2012 (Reuters)
Reuters – Trying to forecast world oil demand growth is a tricky job at the best of times. This year abnormal levels of uncertainty about the global economy are making the job even more difficult.
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Japan economy shrinks more than expected in Q4 (Reuters)
Reuters – Japan’s economy shrank more-than-expected in the fourth quarter, hurt by slowing global growth, Thai floods and a strong yen, casting doubt on hopes for a pick up in activity in the first months of 2012.
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Oil below $99 as US crude demand lags economy (AP)
AP – Oil prices hovered below $99 a barrel Thursday in Asia as U.S. crude demand lags the overall improvement in the world’s biggest economy.
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Disney earnings beat despite shaky economy (Reuters)
Reuters – Walt Disney Co’s quarterly revenue fell short of Wall Street’s expectations after the movie studio put in a poor showing, but profit grew at a faster-than-expected 12 percent clip as media networks and theme parks held strong in an uncertain economy.
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Analysis: Iran economy could limp along under sanctions (Reuters)
Reuters – Tightening international sanctions against Iran look set to shrink its economy, push up inflation and further erode its currency, but they may fail to deliver a knock-out blow that forces Tehran to compromise on its nuclear ambitions.
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Dealer group sees higher US auto sales and prices (AP)
AP – Car buyers will likely pay more for new and used cars this year as the economy improves.
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After 70 years, right-to-work impact still unclear (AP)
AP – The battle over the right-to-work issue may be reaching a conclusion in Indiana as the state prepares to adopt its law, but the argument over exactly what the measure means for a state’s economy is likely to rage on, unresolved, as it has for 70 years.
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Economy likely ended 2011 with strong growth (AP)
AP – A weak year for the economy likely ended on a hopeful note.
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Obama to take on economy in State of the Union (AP)
AP – President Barack Obama is ready to reclaim the spotlight with a plea for economic fairness in a State of Union address that opposition Republicans panned in advance as a rehash of old ideas.
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Swiss econony minister sees franc weakening midterm: paper (Reuters)
Reuters – Switzerland’s economy minister Johann Schneider-Ammann expects the Swiss franc to weaken to about 1.40 francs per euro in the medium term, he told a Swiss newspaper on Sunday.
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