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Myanmar's kyat currency slumps as imports flood in
ReutersBy Aung Hla Tun and Jared Ferrie YANGON, May 24 (Reuters) - Myanmar's currency has plunged more than 7 percent over the past month to the lowest since it was floated last year, raising concern about economic stability in Asia's newest democracy. The...Tags: Science and Technology, Electronics, Burma, Drugs and Medicines, Politics
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Nikkei recoups some of Thursday's 7.3 percent dive, bull run seen intact
ReutersTOKYO (Reuters) - The Nikkei share average regained ground on Friday after a 7.3-percent dive in the previous session, which most market watchers said marked a long-overdue correction and didn't presage the end of a remarkable six-month bull-run....Tags: Japan, Thomson Corporation, Tokyo (Japan), Economy, Business and Finance, Mitsubishi UFJ Financial Group Incorporated
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Special Report: The deeper agenda behind "Abenomics"
ReutersTOKYO (Reuters) - When ill health and political gridlock forced Shinzo Abe to quit after one dismal year as Japan's prime minister, his pride was dented and his self-confidence battered. One thing, however, was intact: his commitment to a controversial...Tags: Photography and Video, Avalanches and Landslides, Tokyo (Japan), European Central Bank, Parties and Movements
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GLOBAL MARKETS-Shares end lower in volatile session, dollar falls
Reuters* U.S. shares recover, but growth outlook still uncertain * Japan, Europe tumble after weak data from China, euro zone * Dollar index lower, yen gains against dollar By Ryan Vlastelica NEW YORK, May 23 (Reuters) - Stocks prices worldwide fell on...Tags: Ben Bernanke, S&P 500, Japan, Economy, Business and Finance, Stock Activities
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U.S. jobless claims lower than expected
ReutersThe number of Americans filing new unemployment claims, dropped last week by 23,000 to 340,000, more than expected, the Labor Department said Thursday. The drop in the seasonally adjusted to a point below 350,000 claims, figure points to resilience...Tags: Ben Bernanke, Labor Markets, Employment Opportunities, Budgets and Budgeting, Unemployment Rate
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ECB can't solve euro zone crisis alone: Weidmann
ReutersPARIS (Reuters) - Bundesbank chief Jens Weidmann said on Thursday it was not up to the European Central Bank to solve the euro zone crisis, resisting pressure from other ECB policymakers for the bank to widen its range of policy tools. Speaking in Paris,...Tags: Ben Bernanke, Public Finance, Japan, Economy, Business and Finance, Inflation and Deflation
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Bank of Israel may cut rates for second time in a month
ReutersJERUSALEM (Reuters) - The Bank of Israel could lower short-term interest rates for the second time this month next week to further weaken the shekel and support exports, although it's a close call, according to a Reuters poll. Of 13 economists surveyed,...Tags: Energy Resources, Petroleum Industry, Economy, Business and Finance, Inflation and Deflation, Israel
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COLUMN - The many interpretations of Ben Bernanke: Kaletsky
ReutersBy Anatole Kaletsky May 23 (Reuters) - On Wednesday in Washington, Federal Reserve Chairman Ben Bernanke presented congressional testimony that repeated, virtually word for word, statements about U.S. monetary policy he has been making since last...Tags: Stock Market, S&P 500, Ben Bernanke, Lobbying, Economy, Business and Finance
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U.S.-based Japanese stock funds up $1.5 billion in record inflow streak: Lipper
ReutersNEW YORK (Reuters) - Investors in funds based in the United States poured $1.51 billion into Japanese stock funds in the latest week, marking the longest streak of weekly inflows into the funds on record, data from Thomson Reuters' Lipper service showed...Tags: Ben Bernanke, S&P 500, Japan, Thomson Corporation, Economy, Business and Finance
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Jobs, housing data show economy has some muscle
ReutersWASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, pointing to resilience in the labor market despite belt-tightening by Washington. The improving employment picture is helping to prop up housing,...Tags: Labor Markets, Real Estate, Unemployment, Dwayne Johnson, Stock Market
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Column: The many interpretations of Ben Bernanke
Reuters(Anatole Kaletsky is a Reuters columnist but his opinions are his own.) (Reuters) - On Wednesday in Washington, Federal Reserve Chairman Ben Bernanke presented congressional testimony that repeated, virtually word for word, statements about U.S. monetary...Tags: S&P 500, Ben Bernanke, Lobbying, Economy, Business and Finance, Mutual Funds
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Fed officials stress no rush to exit, not on 'autopilot'
Reuters(Reuters) - The Federal Reserve will not hastily withdraw its policy stimulus for the economy, a senior central banker said on Thursday, while another stressed that it could adjust the pace of bond purchases both up or down according to the data. Seeking...Tags: Ben Bernanke, Labor Markets, Economy, Business and Finance, Inflation and Deflation, European Central Bank
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