INFLATION

Zimbabwe's Econet H1 earnings up 16 pct

Bill Shock
Zimbabwe's Econet Wireless, the country's largest mobile phone operator, has reported a 16 percent increase in half-year earnings, mainly driven by subscriber growth.

Gold Headed for Biggest 1-Day Gain in Nearly a Month

Gold bars
Gold headed for its largest one-day rise in nearly a month on Monday and silver climbed almost 5 percent after Greece warned it will miss deficit targets set to avoid bankruptcy, unleashing a sell-off in equities and commodities.
An employee works on circuit boards at an electronic component factory in Hefei

China Factory Activity Quickens, Export Orders Recover

China's factory activity picked up in September for the second month in a row and export orders strengthened, offering some reassurance that the world's second-largest economy can weather the global economic turmoil.
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China's inflation fight remains top priority

China will keep monetary conditions tight in its effort to rein in stubborn inflation, the country's central bank said on Friday, adding that containing domestic price pressures remains its priority.
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Jobless claims, GDP data ease economic fears

The chances of the U.S. economy averting a new recession got a boost on Thursday with claims for jobless benefits falling to a five-month low last week and growth a touch stronger in the second quarter than previously estimated.
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Wall St rises on economic data

Stocks rose on Thursday on stronger-than-expected economic data and German lawmakers' approval of new powers for the euro zone's crisis fund.
Philadelphia Federal Reserve President Charles Plosser

Fed's Plosser: Twist Will do Little for Growth

The Federal Reserve's move last week to further lower borrowing costs was risky and won't significantly speed up a painfully protracted recovery, one of the officials who dissented against the decision said on Thursday.
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Stock futures rise on German vote

Stock index futures rose on Thursday after Germany approved new powers for the euro zone's crisis fund and before the government releases data on U.S. economic growth and the labor market.
Traders work on the floor of the New York Stock Exchange

Stock Futures Rise After German Vote

Stock index futures rose on Thursday after a German vote approving new powers for the euro zone's crisis fund was approved and before data on U.S. economic growth and the labor market.
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China's runaway bosses spotlight underground loan market

A string of Chinese entrepreneurs have gone into hiding to avoid repaying loans, according to state media reports, highlighting a credit squeeze on private firms and the dangers of steep interest rates in China's vast and growing informal lending market.
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High Energy Prices Limit India Monetary Policy - RBI Deputy Gov

Global energy prices that have remained steadily high restrict the elbow room for monetary policy response, deputy governor of the Reserve Bank of India said, highlighting the uphill task the bank faces in its fight against stubbornly high inflation.
U.S. Economy

Jobs Bill: 5 Reasons Why the U.S. Economy Needs More Fiscal Stimulus

Due to the lingering government debt crisis in Europe and a 9.1 percent U.S. unemployment rate, key economic statistics are pointing to slow-growth conditions in the U.S. for the next two quarters, and a double-dip recession is possible. Is there anything Congress can do to create jobs and get the U.S. economy moving again?
Gill Marcus

S.Africa holds repo rate flat, rand slides

South Africa's Reserve Bank left its repo rate unchanged on Thursday and struck a dovish note as it balanced its concerns for domestic economic growth with an expected increase in inflation stemming from a sharply weaker rand.

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