U.S.

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Jobless claims fell by 6,000 last week

New claims for U.S. jobless aid fell by a slightly more-than-expected 6,000 last week, Labor Department data showed on Thursday, and remained at levels suggesting a stable jobs market.

Slowing housing may cut into Street bond bonanza

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Fixed income is likely to be less of an engine for profit growth for Wall Street firms as the United States housing market growth shows signs of slowing after two years of Federal Reserve interest rate hikes.
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U.S. group prods China to open life insurance sector

A U.S. industry group called on China on Tuesday to streamline licensing requirements for foreign-invested life insurers seeking to expand their operations and to do away with restrictions on foreign ownership.
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Aberdeen hit by drop in dollar

Aberdeen Asset Management's assets under management fell by 3.9 percent over the five months to the end of August, primarily as a result of a fall in the value of the U.S. dollar.
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US existing home sales slip in August

Sales of US existing homes in the last month likely fell to the lowest level in more than two years, according to a Reuters poll and National Association of Realtors data.
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U.S., China Differ on Timing, Not Goals: Paulson

The United States and China differ on how quickly they can resolve their economic disagreements, but not on the general goals, U.S. Treasury Secretary Henry Paulson said on Friday after meeting China's top two leaders.
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Shell and BP royalties deal close

The United States will not seek $1.3 billion (683 million pounds) in back oil royalties on some Gulf of Mexico drilling leases but is negotiating a deal with BP and Shell to make payments on those offshore tracts in the future
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Nissan to Enter U.S. Light Commercial Market

Nissan Motor Co Ltd will start selling light commercial vehicles in North America soon, aiming for a market share at least as great as taken by the Japanese group's passenger cars.
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BAE profits jump on U.S. deals

BAE Systems said on Wednesday its core first half earnings rose by 39 percent helped its U.S. operations, including a one off accounting gain there.
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Bernanke wants to depersonalize the Fed: WSJ

New U.S. Federal Reserve chairman Ben Bernanke is trying to depersonalize the Fed by making its decision-making more democratic and easier to understand, The Wall Street Journal reported on Friday.
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New IBM supercomputer aiming for petaflop

IBM will build a next-generation supercomputer for the U.S. Energy Department with the potential to achieve a sustained speed of 1,000 trillion calculations per second
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BP hit by U.S. lawsuit

A new lawsuit lodged against BP claims the oil giant manipulated crude oil prices by refusing to allow traders access to U.S. storage facilities
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Consumers gloomy, Fed minutes show less gloom

U.S. consumer confidence slipped to a nine-month low in August on inflation and job worries, while minutes of the Federal Reserve's policy meeting showed most officials thought inflation would ease in the months ahead.
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Durable goods orders fell 2.4 percent in July

New orders for U.S.-made durable goods excluding the volatile transportation sector rose more than expected in July and the number of workers seeking jobless benefits fell slightly last week, government reports showed on Thursday.
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Mortgage applications up: MBA

U.S. mortgage applications rose for a third straight week as homeowners with adjustable loans took advantage of falling interest rates, data from the industry's main trade group showed on Wednesday.
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Bush huddles with economic team as growth slows

President George W. Bush will wrap up conferring with his economic team on Friday on ways to keep the economy growing against a backdrop of higher interest rates, mixed data and fears of rising inflation.
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Russia Could Cut U.S. Meat Preferences

Russia's economic minister said on Thursday that the country would cut preferences given to U.S. meat imports if Washington fails to allow Russia to join the World Trade Organization.
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Most Japanese Companies Skeptical about US Beef

Only one of major food chain in Japan has decided to use U.S. beef, which came back to the market last week, according to a survey by the Consumers Union of Japan and Food Safety Citizens' Watch.
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US mulls change in key inflation gauge: WSJ

The Bureau of Labor Statistics is contemplating a change in the consumer price index that may have an impact on how markets and policymakers interpret inflation data, the Wall Street Journal reported on Monday, citing a government official.

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