SYDNEY, Aug 28- The euro clung onto modest gains early on Thursday, having snapped three straight sessions of declines as feverish speculation of an imminent round of easing by the European Central Bank cooled. That prompted investors to trim very bearish euro positions, pushing the common currency briefly above $1.3200 from a near one-year low of $1.3152.» Read More
WASHINGTON— Figures on government spending and debt.
WASHINGTON, Aug 27- Conservatives in the U.S. Congress who object to President Barack Obama's immigration policies are threatening to tie a must-pass budget bill to the issue, making for a possible showdown in September and raising the specter of a government shutdown. One year ago, Congress faced a similar task.
ANCHORAGE, Alaska— Alaska voters have retained a new petroleum production tax system that offers hope of increased investment and jobs but drew criticism as a giveaway to already profitable oil companies. The state Division of Elections counted 17,721 absentee and early votes Tuesday, giving repeal opponents the victory.
The economy's improving so what's not to like? In a nutshell, there are two big problems with the job market, says Michael Farr.
*Months of calm in markets may be about to end. LONDON, Aug 27- Months of dead calm in financial markets that have crushed trading volumes and hit bank profits may be drawing to a close as currency investors gear up for volatility triggered by monetary policy shifts in major economies.
WASHINGTON— Federal regulators on Wednesday voted to require financial firms that sell securities backed by loans, like the kind that fueled the 2008 financial crisis, to give investors details on borrowers' credit records and income. The Securities and Exchange Commission adopted the rules for securities linked to mortgages and auto loans on a 5-0 vote.
HILLSBORO, Ore.— Local officials have approved a tax break for Intel Corp. that could be worth about $2 billion during its expansion in Washington County west of Portland.
NEW YORK, Aug 27- The dollar softened on Wednesday as traders focused on riskier currencies, while the battered euro hit a 19- month low against the Swiss franc amid speculation the European Central Bank will resort to quantitative easing.
Citing lower-than-expected corporate taxes, the CBO projected a slight increase over previous budget deficit estimations.
WASHINGTON, Aug 27- The U.S. budget deficit for fiscal year 2014 will be an estimated $506 billion, a slight increase from the $492 billion projected in April, based on lower-than-expected corporate tax receipts, the Congressional Budget Office said on Wednesday.
WASHINGTON— The Congressional Budget Office on Wednesday forecast that the U.S. economy will grow by just 1.5 percent in 2014, undermined by a poor performance during the first three months of the year.
LOS ANGELES— USC: Cornerback Josh Shaw suspended after admitting story about rescuing nephew was a lie.
BUDGET DEFICIT AT $506 BLN VS PREVIOUS ESTIMATE OF $492 BLN DUE TO LOWER CORPORATE TAX RECEIPTS.
JERUSALEM, Aug 27- The Bank of Israel warned the government on Wednesday that the budget deficit would reach at least 3.5 percent of gross domestic product in 2015 if taxes aren't raised and state spending is not reduced.
The plan has faced a "cool reception" from many major business groups worried about costs, according to the L.A. Times.
*Euro hits lowest since January 2013 against Swiss franc. LONDON, Aug 27- The euro fell broadly on Wednesday, hitting a 19- month low against the Swiss franc, as speculation that the European Central Bank will resort to quantitative easing was fuelled by yet more bad news from the euro zone.
U.S. medical device maker Medtronic is building stronger ties to Europe, a couple months after announcing a $42.9 billion acquisition that involves moving its main executive offices across the Atlantic, where it can get a better tax deal.
LONDON, Aug 27- The euro edged off its lowest point in almost a year on Wednesday as Germany's finance minister played down speculation over more European Central Bank monetary policy easing in the coming months.
SYDNEY/ SINGAPORE, Aug 27- The dollar hit a 13- month peak against a basket of major currencies on Wednesday, with the euro still struggling amid expectations of further policy easing from the European Central Bank.
Patrick Chovanec, Chief Strategist at Silvercrest Asset Management, says improvements in corporate earnings will lay the foundation for Wall Street to climb higher.
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