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U.S. Economy

5 Factors that Could Lead to a Slow-Growth U.S. Economy

It's a scenario that many Americans, if not most, probably do not want to hear about: the United States enters an era called a new normal slow-growth economy -- perhaps for as long as a decade. What are the factors likely to cause it? And is there anything that can prevent it?
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Silvercorp Shares Extend Losses

Shares of China-focused Silvercorp Metals slipped again on Wednesday, a day after more short-sellers publicized a string of allegations against the company.
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Stock futures up after comments on new euro bonds

Stock index futures rose on Wednesday, recovering from earlier losses, after the head of the European Commission said it will present options for joint euro zone bonds, a tool that might help resolve the region's debt crisis.
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China urges U.S. not to resort to protectionism

China's Foreign Ministry urged U.S. lawmakers on Wednesday not to resort to excuses for trade protectionism after U.S. Senate Democratic Leader Harry Reid pushed for legislation aimed at forcing China to loosen controls on its currency.
General view of a the logo outside a branch of French bank Societe Generale in Paris

Moody's Cuts French Banks' Ratings as Euro Crisis Deepens

Moody's Investors Service cut the credit ratings of France's Credit Agricole SA and Societe Generale on Wednesday, citing their exposure to Greece's debt, a fresh blow to euro area leaders struggling to restore confidence in the region.
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Asia corporate sentiment slides on global worries

Sentiment at Asia's top companies fell in the third quarter, hitting its lowest level since the fourth quarter of 2009 as doubts about the strength of the global economy weighed, a Reuters survey showed.
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Cisco slashes sales outlook, enters new era

Cisco Systems Inc slashed its long-term forecasts, acknowledging an end to an era of scorching growth after cutting thousands of jobs in a sweeping four-month reorganization.

Counting the cost if EMU fails

Greece's exit from the euro zone would inflict untold damage on Europe's economy, further burnish the attractiveness of a rising Asia and hasten the emergence of China's yuan as a global currency.
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Cisco reassures Wall St on post-revamp earnings

Networking giant Cisco Systems Inc slashed its long-term forecasts, acknowledging that it will find it harder to drive growth even after cutting thousands of jobs in a sweeping reorganization.
Cocaine from Britain's largest ever cocaine seizure is seen on display in London

UN: Cocaine Usage On the Rise Globally, Stemming From Australia

A report released Tuesday by the United Nation's Office on Drugs and Crime (UNODC) showed that seizures of cocaine and amphetamine-type stimulants such as ecstasy and meth, have increased dramatically, with 592 kilograms confiscated in 2008-09 compared with 179.5 kilograms just six years prior to the federal findings.
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Fiat-Chrysler CEO: euro system could derail

The euro single-currency system could be derailed unless European leaders resolve the debt crisis, a situation that has already prompted Fiat SpA and its affiliate Chrysler Group LLC to examine the timing of vehicle introductions, Fiat's CEO said on Tuesday.
Oil

Tullow's key Uganda deal in final stages: minister

London-based explorer Tullow Oil's long-running deal to bring France's Total and China's CNOOC into a $10 billion oil project in Uganda is near its conclusion, the east African country's energy minister said.
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Dell cautiously optimistic on Europe and Asia

Dell Inc, the world's second-largest computer maker, is cautiously optimistic that its strong performance in Europe and Asia will continue, but is concerned about U.S. government spending, an executive said.

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