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U.S. expects accelerating job creation

The Obama administration expects U.S. job creation to quicken but economic recovery has a long way to go despite improved trends, White House officials said on Sunday.

Summers expects acceleration of job creation

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The Obama administration expects job creation to accelerate and Congress to approve financial reform legislation, White House economic adviser Lawrence Summers said on Sunday.

U.S. delays decision on China yuan manipulation

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U.S. Treasury Secretary Timothy Geithner said on Saturday he was delaying an April 15 report on whether China manipulates its currency but pledged to press for a more flexible Chinese currency policy.
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Geithner eyes improved odds on China yuan rise

Treasury Secretary Timothy Geithner said on Friday the Obama administration wants to maximize the chances that China will quickly lift the value of its yuan currency and expressed confidence Beijing would decide doing so was in its interest.
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March auto sales jump 24 percent, Toyota rebounds

U.S. auto sales jumped 24.3 percent in March, the strongest result in months, led by a rebound at recall-hit Toyota Motor Corp , which offered record incentives aimed at putting the crisis behind it.
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Japan car sales jump on stimulus, Hyundai soars

Japanese auto sales jumped by a quarter in March to cap a business year that relied heavily on government incentives, while South Korea's Hyundai Motor continued to rack up impressive sales growth, sending its shares to a record high.
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Factories crank up output as demand rises

Factories in the United States, Europe and Asia cranked up production last month, suggesting recovery from a deep recession was taking root in economies around the globe.
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Wall St gains after jobless claims, factory data

Stocks rose on Thursday as positive jobs and manufacturing data fueled optimism that a sustained recovery was on track, prompting investors to snap up riskier assets like equities and commodities.
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No boom, only doom awaits gold!

A few months ago I had written about the gold's love for tragedies. Gold always thrived on disasters like recession and rising inflation rates. So when the world is looking rosy and there are no immediate financial dangers lurking in the backyard of countries, what will the much-sought-after yellow metal do? If you want to know this, just have a look at the movements of gold prices in the recent past when World Bank and International Monetary Fund predicted that the global economy is back on tra...
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Wall St set for higher open after jobless claims

Wall Street was poised for a higher open on Thursday as U.S. weekly jobless claims fell last week and upbeat data from China and Europe fueled optimism the global economy is on track for growth.
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Asian, European manufacturing picks up

Factories across Europe and Asia cranked up production in March, business surveys showed on Thursday, showing a strong recovery in fast-growing emerging markets taking root in the developed West.
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Hyundai March sales jump as U.S. sales hit record

March auto sales at Hyundai Motor Co jumped more than a third, thanks to new model launches and strong shipments from plants in China and India, it said on Thursday, sending its shares to a three-month high.
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China factories crank up as demand rises

Factories in China and India cranked up production in March and Japanese business morale rose to its highest in more than a year on signs of improving global demand, boosting hopes for a sustainable economic recovery.
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Stock futures signal gains; eyes on RIM

Stock index futures pointed to a higher open on Wall Street on Thursday for the first session of the quarter, with futures for the S&P 500 up 0.54 percent, Dow Jones futures up 0.49 percent and Nasdaq 100 futures up 0.52 percent at 3.41 a.m. ET.
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Asian stocks in solid Q2 start, technology leads

Asian stocks made a solid start to the second quarter on Thursday inching closer to two-month highs as China's manufacturing sector picked up and foreign buying boosted tech shares in Taiwan and South Korea.
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Forex - Treasury's Geithner says US economy slowly on mend

The U.S. economy is still in a tough spot but is gradually regaining its balance after a series of policy mistakes that made the country weaker and less secure, Treasury Secretary Timothy Geithner said on Wednesday. We are coming back, and we are coming back faster and stronger than most people predicted -- faster and stronger than Europe and Japan, Geithner said after meeting with steel executives and union leaders here.
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Geithner confident China will move on currency

PITTSBURGH, March 31 (Reuters) - U.S. Treasury Secretary Timothy Geithner expressed confidence on Wednesday that China will decide it is in its interest to make its yuan currency more flexible, but did not say when that might happen.

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