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Economy News

May U.S. consumer sentiment rises to highest in nearly 6 years

May U.S. consumer sentiment rises to highest in nearly 6 years

U.S. consumer sentiment rebounded in early May to the highest level in nearly six years as Americans felt better about their financial and economic prospects, particularly among...
Leah Schnurr, Reuters
Posted on 5-17-2013 at 10:27 AM
ECB to keep monetary policy loose for as long as needed

ECB to keep monetary policy loose for as long as needed

The European Central Bank will keep its loose and growth-supportive monetary policy stance in place for "quite a long time", ECB executive board members said on Friday.
Ingrid Melander, Reuters
Posted on 5-17-2013 at 8:13 AM
CPPIB notches 10% return, eyes infrastructure, private equity deals

CPPIB notches 10% return, eyes infrastructure, private equity deals

The Canada Pension Plan Investment Board, one of the world's biggest dealmakers, said a glut of cheap capital may mean it makes fewer big purchases in 2014, but it sees big opportunities in...
Andrea Hopkins, Reuters
Posted on 5-16-2013 at 2:26 PM
Emanuella Enenajor, Economist, CIBC World Marketsplay

Bank of Canada sees unorthodox-policy benefits outweighing risks

The risks of unconventional policies pursued by major central banks since the financial crisis appear to be minor compared with the benefits, Bank of Canada researchers said on Thursday.
Louise Egan, Reuters
Posted on 5-16-2013 at 1:49 PM
Fed hawks push for move away from housing-linked stimulus

Fed hawks push for move away from housing-linked stimulus

A trio of hawkish regional Federal Reserve officials are calling for the U.S. central bank to stop buying mortgage-backed bonds, citing recent improvement in the housing market.
Kristen Hays and Francesca Landini, Reuters
Posted on 5-16-2013 at 1:30 PM
Mihir Dange, Metals Options Trader, Amarok Capitalplay

Gold slides to 4-week low as investors sidestep bullion

Gold hit a four-week low on Thursday, declining for a sixth straight day for the first time in more than four years, as investors spooked by recent price falls favoured other assets.
Jan Harvey and Clara Denina, Reuters
Posted on 5-16-2013 at 2:01 PM
U.S. CPI falls on gasoline; biggest drop in 4 years

U.S. CPI falls on gasoline; biggest drop in 4 years

A sharp drop in gasoline costs led U.S. consumer prices to tumble in April by the most in over four years, while a gauge of underlying inflation was so weak it could worry the U.S. Federal...
Reuters
Posted on 5-16-2013 at 8:35 AM
Ashok Kumar, Senior Technology Analyst, Maxim Group play

Dell's profit dives as billionaire battle rages on

Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales...
Poornima Gupta, Reuters
Posted on 5-16-2013 at 4:47 PM

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