A benchmark Treasury yield neared an all-time low Thursday as worries over Europe and a weak report on the U.S. economy send traders into the safety of U.S. government bonds.
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A benchmark Treasury yield neared an all-time low Thursday as worries over Europe and a weak report on the U.S. economy send traders into the safety of U.S. government bonds.
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OTTAWA (Reuters) – A drop in Canada’s year-on-year inflation rate to an 18-month low in March will not delay interest rate hikes by the Bank of Canada, which is paying closer attention to economic growth, analysts said on Friday. Statistics Canada said the annual inflation rate fell to 1.9 percent in March from 2.6...
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GERMAN JOBS: Germany’s unemployment rate slipped to 7.2 percent in March thanks to a traditional springtime upturn, while the underlying downward trend picked up speed despite a spell of economic weakness, official figures showed.
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The Massachusetts economy grew at a slower rate last year than originally estimated, according to a group that monitors economic trends in the state.
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Reuters – The U.S. economy would have to strengthen to ensure that the unacceptably high jobless rate keeps dropping, Federal Reserve Chairman Ben Bernanke said on Wednesday, suggesting the option of further Fed bond buying remains on the table.
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AP – Official data show that Germany’s unemployment rate edged up to 7.4 percent in February, due to a spell of bitterly cold weather.
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AP – The city of Stockton in California’s crop-abundant Central Valley has the second-highest foreclosure rate in the nation and one of the highest crime and unemployment rates. It was named America’s most miserable city in a national magazine mdash; twice.
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The number of deaths from breast cancer has gone down, but the rate of new cases remains about the same. One family has had three generations of women survive the disease. A two-time survivor in that family sometimes hears, “There’s so much money that’s given all the time, why can’t they find a cure?”...
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AP – Official figures show Britain’s inflation rate fell to 3.6 percent in the year to January from 4.2 percent a month ago mdash; but remains above the Bank of England’s target.
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Reuters – President Barack Obama will forecast a U.S. unemployment rate averaging 8.9 percent in 2012 in his annual budget on Monday – but before the document was even released a top aide called the projection stale and said it should be lower.
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pimg style=float:right; src=http://static5.businessinsider.com/image/4d39e511cadcbb7b782a0000/sumo.jpg border=0 alt=sumo //ppIn 1991, former MIT dean Lester Thurow wrote that If one looks at the last 20 years, Japan would have to be considered the betting favorite to win the economy honors of owning the 21st century./p pHe wasn’t alone. The standard view of the 1980s held that Japan’s sway...
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AP – In an effort to cut the unemployment rate among veterans, President Barack Obama is calling for a new conservation program that would put veterans to work rebuilding trails, roads and levees on public lands.
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