Economic Regions
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BRUSSELS, March 15- European Central Bank President Mario Draghi gave EU leaders a crash course in macroeconomics late on Thursday, emphasising his concerns about low productivity and high labour costs hurting the euro zone's prospects, officials said.
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FRANKFURT, March 12- Germany's economy is still shaken by the euro zone crisis and the bloc's woes pose the biggest risk to the outlook, Bundesbank chief Jens Weidmann said on Tuesday, adding growth should pick up later this year.
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FRANKFURT, Feb 18- German banks' use of European Central Bank crisis funding dropped by a third in January from the previous month, a further sign that banks in the heart of the euro zone are returning to money markets after last year's credit squeeze.
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DUBAI, Feb 12- Bahrain's economic growth is expected to pick up sharply this year on the back of a stronger oil sector, large industrial investments and a robust regional economy, the government said on Tuesday.
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*Greenlight's Einhorn sues Apple, seeks bigger payout; Apple shares up 1 pct. The euro sank after European Central Bank President Mario Draghi said the exchange rate was important to growth and price stability, which investors took as a sign the bank is concerned about the euro's advance in recent days.
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LONDON, Feb 6- The euro dipped on Wednesday as investors waited to see if the European Central Bank would respond to the currency's recent jump which threatens to delay any regional economic recovery.
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*Govt Pension Investment Fund to review allocation model. TOKYO, Feb 5- Japanese government bonds rose on Tuesday, with the benchmark yield backing off a three-week high hit in the previous session amid fears about the impact of political woes in Italy and Spain.
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SINGAPORE, Feb 4- Brent crude steadied above $116 per barrel on Monday, holding near a more than four-month high, as data from top consumers China and the United States reinforced a view that the global economy was headed for a modest uptick this year.
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SINGAPORE, Feb 4- Brent crude steadied above $116 per barrel on Monday, holding near a more than four-month high, as data from top consumers United States and China reinforced a view that the global economy was headed for a modest uptick this year.
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*ECB's Asmussen says Cyprus is systemically relevant. *Says it is obvious Cyprus will default without assistance. BRUSSELS, Jan 22- Financial problems of Cyprus could still derail fragile confidence in the euro zone that the bloc fought hard to regain in 2012, European Central Bank board member Joerg Asmussen said on Tuesday.
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DUBAI, Jan 2- When U.S. banking giant Citigroup Inc moved one of its top bankers, Alberto Verme, to Dubai in 2008, it was a sign of international banks' ambitions to tap economic growth in the oil-rich region.
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OTTAWA, Dec 4- Canada's central bank was unwavering on Tuesday in its view that it may need to hike interest rates, not cut them, even as the country's economy shows signs of slowing and uncertainty over the U.S. fiscal cliff shakes North American economic confidence.
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SINGAPORE, Dec 3- U.S. crude steadied near $89 per barrel on Monday, supported by supply worries stemming from tensions in the Middle East, although concerns a sluggish global economy would dent demand growth kept a lid on gains. *U.S. crude inched down 1 cent to $88.90 by 0031 GMT while Brent rose 7 cents to $111.30 per barrel.
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*Egypt, Syria crises continue to support oil prices. NEW YORK, Nov 29- Oil prices rose on Thursday for the first time this week on optimism that U.S. lawmakers will resolve a budget fight to avert an economic slowdown and on increasing Middle East tensions that stoked fear about disruptions to oil supplies.
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*Egypt, Syria crises continue to support oil prices. NEW YORK, Nov 29- Oil prices rose on Thursday for the first time this week on optimism that U.S. lawmakers will resolve a budget fight to avert an economic slowdown and on increasing Middle East tensions that stoked fear about disruptions to oil supplies.
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NEW YORK, Nov 29- Oil prices rose on Thursday on optimism that U.S. lawmakers can resolve a budget fight and avert an economic slowdown caused by mandated tax increases and spending cuts and on increasing Middle East tensions reinforcing fears of supply disruptions.
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WASHINGTON, Nov 28- The U.S. economy trucked along at a "measured" pace in recent weeks and hiring remained modest, according to a Federal Reserve report that did little to calm concerns about slow growth and high unemployment. Details from the manufacturing sector were mixed, the Fed said in its Beige Book report on Wednesday.
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WASHINGTON, Nov 28- The U.S. economy trucked along at a "measured" pace in recent weeks and hiring remained modest, according to a Federal Reserve report that did little to calm concerns about slow growth and high unemployment. Details from the manufacturing sector were mixed, the Fed said in its Beige Book report on Wednesday.
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Michael McCarthy, Chief Market Strategist, CMC Markets says that the current market pull-back is an opportunity to buy stocks. But investors should practice caution.
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China’s economic slowdown is not good for the U.S., as exports to China create jobs for Americans. And economists doubt that China will return to its previous growth rates, the Fiscal Times reports.