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Dollar on firm footing; awaits data, Fed comments

The dollar nudged up against the euro and yen on Monday, after rebounding last week following a series of comments from U.S. Federal Reserve officials who supported the case for more interest rate hikes. The remarks such as those from St. Louis President James Bullard raised prospects of more rate …

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Dollar, North Asia stocks firm on positive U.S. GDP data

The dollar firmed on Monday and stocks in North Asia rose after fairly strong consumer spending led to an upward revision in U.S. economic growth in the fourth quarter, helping to underpin investor sentiment. “As long as the U.S. economic recovery is continuing, I would think the rally in global …

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U.S. court to hear Argentine debt injunction appeal on April 13

A U.S. appeals court will hold a hearing on April 13 to analyze the possible lifting of injunctions that have restricted Argentina from paying off some of its debts, according to an order issued by the court late on Friday. On Thursday, the U.S. government asked the 2nd U.S. Circuit …

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World Bank warns Lebanon of dangers of political paralysis

The head of the World Bank expressed frustration at Lebanon’s political paralysis on Friday during a joint visit with the U.N. Secretary-General, warning that good governance now was essential to prevent future conflict. Hampered by sectarian tensions, Lebanon has not passed a budget since 2005 and has been without a …

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Consumers prop up U.S. economy, but profits under pressure

U.S. economic growth slowed in the fourth quarter, but not as sharply as previously estimated, with fairly strong consumer spending offsetting the drag from efforts by businesses to reduce an inventory overhang. Gross domestic product increased at a 1.4 percent annual rate instead of the previously reported 1.0 percent pace, …

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U.S. oil falls after big jump in stockpiles

U.S. oil prices fell in Asian trading on Thursday, adding to a slump in the previous session, after stockpiles rose for the sixth week to another record, sapping the strength of a two-month rally in prices. U.S. crude futures CLc1 were down 10 cents at $39.69 a barrel at 0302 …

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Asian shares resilient as economic optimism offsets terrorism concerns

Asian shares slipped on Wednesday, but held near 3 1/2 month highs hit earlier this week as investors took comfort from a brightening global economic picture, as they absorbed the shock of the suspected Islamic State suicide bomb attacks in Brussels. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS …

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Puerto Rico takes restructuring law to U.S. high court

Puerto Rico will ask the U.S. Supreme Court on Tuesday to validate a law that could let it cut billions of dollars from what it owes in debt at some public agencies, a key test in the island’s efforts to weather a massive fiscal crisis.  The U.S. territory, facing what …

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U.S. to offer China’s ZTE ‘temporary relief’ on export curbs: official

The U.S. Department of Commerce is expected this week to lift export curbs it imposed on Chinese telecom equipment and smartphone maker ZTE Corp (0763.HK) for alleged Iran sanctions violations. “The relief would be temporary in nature and would be maintained only if ZTE is abiding by its commitments to …

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