UNITED STATES

Obama: 2012 Budget is 'down payment,' long term challenges loom

U.S. President Barack Obama speaks about the budget during his visit to Parkville Middle School and Center of Technology in Parkville, Maryland February 14, 2011. At right is OMB Director Jack Lew.
Seeking to balance cuts while maintaining U.S. competitiveness and facing pressure from Republicans seeking even bigger reductions, President Barack Obama said on Monday his proposed 2012 budget was a down payment, on reducing the federal budget deficit, but said more work was needed to address long term challenges.

Egypt army delivers ultimatum to Tahrir protesters

An Egyptian soldier tries to calm opposition supporters outside the Interior Ministry near Tahrir Square in Cairo
Egypt's military delivered an ultimatum on Monday to dozens of committed protesters in Tahrir Square, nerve centre of a movement that toppled Hosni Mubarak, to leave and let life return to normal or face arrest.
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Obama budget to cut deficit by $1.1 trillion

President Barack Obama proposed a budget on Monday that would cut the U.S. deficit by $1.1 trillion over 10 years, setting the stage for a bitter fight with Republicans who vow even tougher spending controls.
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Wall St falls after strong run

U.S. stocks fell on Monday after posting two straight weeks of gains that drove indexes to new multi-year, although a recent pattern of buying on market declines was likely to continue.
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Wall Street set to dip after strong run

U.S. stocks were set to dip on Monday after posting two straight weeks of gains that drove indexes to new multi-year highs and some investors worried the market was overextended.
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Japan economy shrinks but exports may fuel recovery

Japan's economy shrank slightly in the final quarter of 2010 but analysts expect a recovery this year as stronger exports to China and other parts of fast-growing Asia offset persistently weak domestic demand.

China trade surplus shrinks, supports government's G20 case

China's trade surplus fell to its lowest in nine months in January after imports surged, supporting the government's case ahead of a G20 meeting that it is doing enough to spur domestic demand without speeding up currency appreciation.
Traders work on the floor of the New York Stock Exchange

Wall Street set for mixed open

Futures on major U.S. stock indices point to a mixed opening on Monday, after indices recorded a second straight week of gains on Friday.
Chinese 100 yuan banknotes are seen in this picture illustration taken in Shanghai

China’s January trade surplus plummets

China’s trade surplus fell 53.5 percent to $6.45 billion in January, as both exports and imports increased sharply ahead of the Lunar New Year holidays in the country, the General Administration of Customs said on Monday.
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China trade surplus shrinks, supports government's G20 case

China's trade surplus fell to its lowest in nine months in January after imports surged, supporting the government's case ahead of a G20 meeting that it is doing enough to spur domestic demand without speeding up currency appreciation.
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China trade surplus shrinks after import surge

China's trade surplus fell to its lowest in nine months in January after imports surged, supporting the government's case ahead of a G20 meeting that it is doing enough to spur domestic demand without speeding up currency appreciation.
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World stocks rise on China data

World stocks edged toward last week's 30-month high on Monday as China's shrinking trade surplus underscored its robust domestic demand and talk of slower-than-expected inflation eased policy tightening concerns.
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Asian stocks shine, China inflation data eyed

Asian stocks rallied on Monday, snapping five straight sessions of losses, as talk of slower-than-expected Chinese inflation helped drive Shanghai's main share index to its best level in seven weeks.
Sanaa

Yemeni police block protesters' march on palace

Hundreds of anti-government protesters, inspired by the mass uprising in Egypt, clashed with police blocking them from marching to Yemen's presidential palace in Sanaa on Sunday, witnesses said.

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