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    • Employees of TSE work at the bourse in Tokyo
      End to Fed stimulus, China slowdown spark world sell-off

      By Richard Hubbard LONDON (Reuters) - The clear signal from the U.S. Federal Reserve that it will soon stop pumping money into the global economy and data pointing to Chinese growth slowing sparked sharp … More »End to Fed stimulus, China slowdown spark world sell-off

      Employees of TSE work at the bourse in Tokyo

      By Richard Hubbard LONDON (Reuters) - The clear signal from the U.S. Federal Reserve that it will soon stop pumping money into the global economy and data pointing to Chinese growth slowing sparked sharp falls in bonds, shares and commodities on Thursday. Emerging markets, many of which have been primed by the cheap Fed …

    • Traders work on the floor at the New York Stock Exchange
      Wall St. drops after Bernanke hints at slowing stimulus

      By Ryan Vlastelica NEW YORK (Reuters) - Stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later … More »Wall St. drops after Bernanke hints at slowing stimulus

      Traders work on the floor at the New York Stock Exchange

      By Ryan Vlastelica NEW YORK (Reuters) - Stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough. Equities have been closely tethered to ultra-loose monetary policy, which has …

    • Doug Parker and Gary Kennedy testify before the U.S. Senate Commerce, Science, and Transportation Aviation Operations, Safety and Security Subcommittee hearing in Washington
      US Airways chief warns lawmakers of potential service cuts

      By Diane Bartz WASHINGTON (Reuters) - Forcing a combined American Airlines and US Airways Group to surrender slots at Reagan National Airport would risk fewer flights to small and medium-sized cities, … More »US Airways chief warns lawmakers of potential service cuts

      Doug Parker and Gary Kennedy testify before the U.S. Senate Commerce, Science, and Transportation Aviation Operations, Safety and Security Subcommittee hearing in Washington

      By Diane Bartz WASHINGTON (Reuters) - Forcing a combined American Airlines and US Airways Group to surrender slots at Reagan National Airport would risk fewer flights to small and medium-sized cities, US Airways CEO Doug Parker told lawmakers on Wednesday. Parker was testifying to a Senate subcommittee on the impact of …

    • Swiss Finance Minister Widmer-Schlumpf speaks during a debate on the Swiss - US tax agreement in Bern
      Switzerland buries U.S. tax law, banks seen at risk

      By Ruben Sprich BERNE (Reuters) - Swiss lawmakers dealt a death blow on Wednesday to a draft law which aimed to protect the country's banks from criminal charges in the United States for helping wealthy … More »Switzerland buries U.S. tax law, banks seen at risk

      Swiss Finance Minister Widmer-Schlumpf speaks during a debate on the Swiss - US tax agreement in Bern

      By Ruben Sprich BERNE (Reuters) - Swiss lawmakers dealt a death blow on Wednesday to a draft law which aimed to protect the country's banks from criminal charges in the United States for helping wealthy Americans evade tax. The Swiss government has warned that the bill's failure could prompt impatient U.S. prosecutors to …

    • President and CEO of Boeing Commercial Airplanes Conner and Ryanair Chief Executive O'Leary pose during a signing ceremony at the 50th Paris Air Show near Paris
      Orders top $100 billion as Ryanair gives Boeing a boost

      By Alwyn Scott and Maria Sheahan PARIS (Reuters) - Orders at the Paris Airshow surpassed $100 billion on Wednesday, as planemakers Boeing and Airbus cashed in on demand for fuel-efficient jets and growth … More »Orders top $100 billion as Ryanair gives Boeing a boost

      President and CEO of Boeing Commercial Airplanes Conner and Ryanair Chief Executive O'Leary pose during a signing ceremony at the 50th Paris Air Show near Paris

      By Alwyn Scott and Maria Sheahan PARIS (Reuters) - Orders at the Paris Airshow surpassed $100 billion on Wednesday, as planemakers Boeing and Airbus cashed in on demand for fuel-efficient jets and growth in both budget carriers and emerging markets. Ryanair, Europe's biggest low-cost airline, finalized an order for 175 …

    • An illustration picture shows a woman holding her Apple Ipad which displays a tactile keyboard under the Google home page in Bordeaux
      French watchdog tells Google to change privacy policy

      By Natalie Huet PARIS (Reuters) - France's data protection watchdog ordered Google on Thursday to change its privacy policy or face fines, leading a Europe-wide push to get the Internet giant to clarify … More »French watchdog tells Google to change privacy policy

      An illustration picture shows a woman holding her Apple Ipad which displays a tactile keyboard under the Google home page in Bordeaux

      By Natalie Huet PARIS (Reuters) - France's data protection watchdog ordered Google on Thursday to change its privacy policy or face fines, leading a Europe-wide push to get the Internet giant to clarify its intentions and methods for collecting user data. France's regulator, the CNIL, said Google's privacy policy violated …

    • The new Airbus A350 flies over Toulouse-Blagnac airport during its maiden flight in southwestern France
      Airbus pieces together air show order finale

      PARIS (Reuters) - European planemaker Airbus sought to finalize a flurry of orders on Thursday to avoid a rare defeat to U.S. arch-rival Boeing at its domestic Paris Airshow. As of Wednesday, Airbus lagged … More »Airbus pieces together air show order finale

      The new Airbus A350 flies over Toulouse-Blagnac airport during its maiden flight in southwestern France

      PARIS (Reuters) - European planemaker Airbus sought to finalize a flurry of orders on Thursday to avoid a rare defeat to U.S. arch-rival Boeing at its domestic Paris Airshow. As of Wednesday, Airbus lagged its competitor with 211 firm orders against 265 for Boeing. Airbus had commitments for a further 165 jets, compared …

    • Men's Wearhouse ousts founder Zimmer

      (Reuters) - Apparel retailer Men's Wearhouse ousted Executive Chairman George Zimmer, the face of the company founded 40 years ago, sending its shares down as much as 6 percent. The company, which gave … More »Men's Wearhouse ousts founder Zimmer

      (Reuters) - Apparel retailer Men's Wearhouse ousted Executive Chairman George Zimmer, the face of the company founded 40 years ago, sending its shares down as much as 6 percent. The company, which gave no reason for the dismissal, also postponed its annual shareholder meeting scheduled for later on Wednesday in order to …

    • U.S.Federal Reserve Chairman Bernanke speaks to the press following the Fed's two-day policy meeting at the Federal Reserve in Washington
      Bernanke says Fed likely to reduce bond buying this year

      By Alister Bull and Pedro da Costa WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the … More »Bernanke says Fed likely to reduce bond buying this year

      U.S.Federal Reserve Chairman Bernanke speaks to the press following the Fed's two-day policy meeting at the Federal Reserve in Washington

      By Alister Bull and Pedro da Costa WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year. Bernanke's confirmation that the Fed is getting closer to pulling back …

    • Boeing company's chairman and CEO, McNerney and Conner, President and CEO of Boeing commercial airplanes, pose with a 787-10 model during the 50th Paris Air Show, at the Le Bourget airport
      Boeing launches 787-10 with $30 billion of orders

      PARIS (Reuters) - Boeing launched the 787-10 version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday with 102 provisional orders worth nearly $30 billion at list prices. The news came … More »Boeing launches 787-10 with $30 billion of orders

      Boeing company's chairman and CEO, McNerney and Conner, President and CEO of Boeing commercial airplanes, pose with a 787-10 model during the 50th Paris Air Show, at the Le Bourget airport

      PARIS (Reuters) - Boeing launched the 787-10 version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday with 102 provisional orders worth nearly $30 billion at list prices. The news came after rival Airbus clinched an $11.5 billion order from UK budget airline easyJet for 135 A320neos, including 35 current-generation …

    • A vacant home for sale is pictured in Yonkers
      Mortgage applications tumble as rates rise further: MBA

      NEW YORK (Reuters) - Interest rates on home mortgages rose last week to hit their highest level in over a year, sapping demand from potential homeowners, data from an industry group showed on Wednesday. … More »Mortgage applications tumble as rates rise further: MBA

      A vacant home for sale is pictured in Yonkers

      NEW YORK (Reuters) - Interest rates on home mortgages rose last week to hit their highest level in over a year, sapping demand from potential homeowners, data from an industry group showed on Wednesday. Rates climbed 2 basis points to average 4.17 in the week ended June 14, according to the Mortgage Bankers Association. …

    • A woman holds a one-kilogram gold bar at the headquarters of the Australian Bullion Company in Sydney
      Gold tumbles after Fed signals end to easy money

      By Jan Harvey LONDON (Reuters) - Gold prices tumbled to their lowest in more than 2-1/2 years on Thursday, and silver fell more than 6 percent after the U.S. Federal Reserve gave its most explicit signal … More »Gold tumbles after Fed signals end to easy money

      A woman holds a one-kilogram gold bar at the headquarters of the Australian Bullion Company in Sydney

      By Jan Harvey LONDON (Reuters) - Gold prices tumbled to their lowest in more than 2-1/2 years on Thursday, and silver fell more than 6 percent after the U.S. Federal Reserve gave its most explicit signal yet that it plans to bring the era of easy money to an end. Gold plunged after Fed Chairman Ben Bernanke said on Wednesday …

    • Italian designers Dolce & Gabbana acknowledge audience at the end of their Spring/Summer 2013 collection at Milan Fashion Week
      Italian designers Dolce and Gabbana convicted of tax evasion

      By Manuela D'Alessandro MILAN (Reuters) - Fashion designers Domenico Dolce and Stefano Gabbana were handed a 20-month suspended prison sentence and a heavy fine on Wednesday for hiding hundreds of millions … More »Italian designers Dolce and Gabbana convicted of tax evasion

      Italian designers Dolce & Gabbana acknowledge audience at the end of their Spring/Summer 2013 collection at Milan Fashion Week

      By Manuela D'Alessandro MILAN (Reuters) - Fashion designers Domenico Dolce and Stefano Gabbana were handed a 20-month suspended prison sentence and a heavy fine on Wednesday for hiding hundreds of millions of euros from the Italian tax authorities. The design duo, who are nearly as famous as the stars they dress, were not …

    • Workers build a booth for Dish, a satellite TV provider, as they prepare for the International CES show at the Las Vegas Convention Center in Las Vegas
      Softbank closer to acquiring Sprint after Dish abandons bid for now

      By Sophie Knight and Sinead Carew TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp … More »Softbank closer to acquiring Sprint after Dish abandons bid for now

      Workers build a booth for Dish, a satellite TV provider, as they prepare for the International CES show at the Las Vegas Convention Center in Las Vegas

      By Sophie Knight and Sinead Carew TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp declined to make a new offer after SoftBank sweetened its own bid last week. SoftBank Chief Executive Masayoshi Son …

    • File photo of employees working inside a Shuanghui factory in Zhengzhou
      China factory activity hits nine month low, policy action eyed

      By Kevin Yao BEIJING (Reuters) - China's factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening the risk of a sharper second quarter slowdown … More »China factory activity hits nine month low, policy action eyed

      File photo of employees working inside a Shuanghui factory in Zhengzhou

      By Kevin Yao BEIJING (Reuters) - China's factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening the risk of a sharper second quarter slowdown and increasing the heat on the central bank to loosen policy. China's economy grew at its slowest pace for 13 years in …

     

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