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Recession

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  • *Spain, Netherlands, France seen in recession in 2013. BRUSSELS, May 3- France will get two more years to meet its budget deficit target because of the country's poor economic outlook within a recession-hit euro zone, the European Commission said on Friday.

  • *France seen in small recession in 2013. *France, Portugal, Italy to cut deficits more slowly. France, Spain, Italy and the Netherlands- four of the five largest euro zone economies- will be in recession through 2013, the Commission's forecasts showed, with only Germany, the largest euro zone economy, managing to eke out growth.

  • SINGAPORE, May 3- U.S. oil futures held above $93 a barrel on Friday, clinging to most of the gains from the previous session when risk appetite got a boost after the European Central Bank cut interest rates and said was open to do more to aid a recession-hit euro zone.

  • SINGAPORE, May 3- U.S. oil futures held above $93 a barrel on Friday, clinging to most of the gains from the previous session when risk appetite got a boost after the European Central Bank cut interest rates and said was open to do more to aid a recession-hit euro zone. was little changed at $93.80 a barrel by 0036 GMT after settling at $93.99 on Thursday.

  • TREASURIES-Bonds mainly steady before payrolls data Thursday, 2 May 2013 | 1:19 PM ET

    *New jobless claims fall to lowest level in more than five years. NEW YORK, May 2- U.S. "Treasuries modestly weakened, consistent with the slightly better tone in risk assets after the ECB rate cut," but "more focus given to the payrolls report tomorrow," said Eric Stein, co-director of global income at Eaton Vance Management in Boston.

  • TREASURIES-Bonds mainly steady before payrolls data Thursday, 2 May 2013 | 1:19 PM ET

    *New jobless claims fall to lowest level in more than five years. NEW YORK, May 2- U.S. "Treasuries modestly weakened, consistent with the slightly better tone in risk assets after the ECB rate cut," but "more focus given to the payrolls report tomorrow," said Eric Stein, co-director of global income at Eaton Vance Management in Boston.

  • UPDATE 5-Oil rebounds above $100 after sell-off Thursday, 2 May 2013 | 8:24 AM ET

    LONDON, May 2- Oil rose above $100 a barrel on Thursday as some investors saw this week's price slide as overdone, although ample supply and concerns about the outlook for demand due to shaky economic growth limited the rally.

  • UPDATE 5-Oil rebounds above $100 after sell-off Thursday, 2 May 2013 | 8:24 AM ET

    LONDON, May 2- Oil rose above $100 a barrel on Thursday as some investors saw this week's price slide as overdone, although ample supply and concerns about the outlook for demand due to shaky economic growth limited the rally.

  • UPDATE 1-Oil rebounds above $100 after sell-off Thursday, 2 May 2013 | 7:45 AM ET

    LONDON, May 2- Oil rose above $100 a barrel on Thursday as some investors saw this week's price slide as overdone, although ample supply and concerns about the outlook for demand due to shaky economic growth limited the rally.

  • PRAGUE, May 2- Czech and Polish manufacturing contracted for the 13th month running in April, putting more pressure on reluctant policymakers to spur their economies.

  • FRANKFURT, May 2- Europe's forward power curve hit new eight-year lows on Thursday in a knock-on effect from tumbling fuel prices on worries about a shaky global economic outlook. Germany's Cal 14 baseload power on the EEX bourse fell by 34 cents from the settlement on Tuesday, the last working day before the May 1 holiday to 38.50 euros a megawatt hour.

  • LONDON, May 2- Oil held near $100 a barrel on Thursday, pressured by ample supplies and by fresh signals of weak global economic growth, which raised concerns about the outlook for demand. China's factory-sector growth eased in April, a survey showed on Thursday, suggesting the euro zone recession and sluggish U.S. demand may be weighing on China's recovery.

  • LONDON, May 2- Oil held near $100 a barrel on Thursday, pressured by ample supplies and by fresh signals of weak global economic growth, which raised concerns about the outlook for demand. China's factory-sector growth eased in April, a survey showed on Thursday, suggesting the euro zone recession and sluggish U.S. demand may be weighing on China's recovery.

  • PRAGUE, May 2- Czech manufacturing contracted for the 13th consecutive month in April, albeit less than in March mainly thanks to a rise in output, a survey by Markit Economics showed on Thursday. PAVEL SOBISEK, CHIEF ECONOMIST, UNICREDIT BANK, PRAGUE. STANISLAVA PRAVDOVA, ANALYST, DANSKE BANK.

  • PRAGUE, May 2- Czech manufacturing contracted for the 13th consecutive month in April, albeit less than in March mainly thanks to a rise in output, a survey by Markit Economics showed on Thursday. STANISLAVA PRAVDOVA, ANALYST, DANSKE BANK.

  • PRAGUE, May 2- Czech manufacturing contracted for the 13th consecutive month in April, albeit less than in March mainly thanks to a rise in output, a survey by Markit Economics showed on Thursday.

  • Reinhart, Rogoff: Austerity Is Not the Only Answer Thursday, 2 May 2013 | 2:32 AM ET
    Carmen Reinhart

    The Harvard economists have responded once again to the ongoing contentious debate over whether tough austerity measures are helpful or harmful.

  • NYMEX-Crude slips for third day on shaky global outlook Wednesday, 1 May 2013 | 9:01 PM ET

    SINGAPORE, May 2- U.S. crude futures dropped for a third session running on Thursday, hurt by weak economic data from top oil consumers China and the United States although the Federal Reserve's commitment to sustain monetary stimulus kept losses in check. *U.S. crude for June delivery was off 16 cents at $90.87 a barrel by 0046 GMT.

  • NYMEX-Crude slips for third day on shaky global outlook Wednesday, 1 May 2013 | 9:01 PM ET

    SINGAPORE, May 2- U.S. crude futures dropped for a third session running on Thursday, hurt by weak economic data from top oil consumers China and the United States although the Federal Reserve's commitment to sustain monetary stimulus kept losses in check. was off 16 cents at $90.87 a barrel by 0046 GMT.

  • WASHINGTON, May 1- The U.S. Federal Reserve stuck to its plan to buy $85 billion in bonds each month to push down borrowing costs and prop up the economy, citing risks to growth from recent budget tightening in Washington.