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Many American Households Are Still Struggling Financially, Fed Survey Says
A new Federal Reserve survey found that a quarter of American households say they are just getting by or struggling financially. On Thursday, the Fed issued the …
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Highest Sensex Close in 14 Months on Diesel
The BSE index Sensex increased by over 2 percent to attain its highest close ever since the month of July in the previous year following the diesel price hike of the government as well the economic stimulus provided by the Federal Reserve which led to a broad-based rally in blue chips like ICICI Bank and Reliance Industries.
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Onset of Fed QE3 Sees Subdued Stocks, Slide in Dollar Value
The slide in US dollar value reached its crux as the US dollar hit its lowest level since the early half of May while markets dealing in stocks and bonds curbed a fair share of their revived inclination for risk on Thursday as investors took their time to check whether the Federal Reserve of the US would announce a new round of printing of currency.
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FTSE Moves Higher Slowly after Rallying Miners
he FTSE inched its way upwards on Thursday, finally managing to settle its position following intense drops in the course of the last session, supported by a recovery among heavyweight miners who hope for a new wave of international stimulus methods from the central banks.
London mining stock prices were keen on tracking the more stable copper prices, which were experiencing a gain of 1 percent at a 1-month high, as the overall demand scenario with respect to metals showed considerable improvement based on the expectation of stimulus.
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Rise in Asian Shares Due to Federal Minutes Slowed Down by China
Asian shares witnessed a considerable increase on Thursday following the minutes of the Federal Reserve which managed to raise market anticipation for further financial stimulus. But any gains generated were trimmed by a less than satisfactory reading from a survey conducted on Chinese manufacturing operations.
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Ben Bernanke Cautions on Slow Growth of Job Market
The recovery of U.S. from the brutal recession has been uneven and modest, and has been hampered by a depressed housing market, tight credit for borrowers, budget-leashed governments and uncertainties in resolving the eurozone debt crisis. The job market is far from normal. Continued improvement is likely to require stronger growth in final demand and production.
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Further Easing, QE3, possible; Federal Reserve Chief Ben Bernanke
Federal Reserve Chairman Ben Bernanke indicated yesterday that a third round of easing is an option if economic conditions worsen further, after a meeting …
