The number of Britons claiming unemployment benefit fell in November for the first time in almost two years, according to official data on Wednesday that showed unexpected resilience in the labour market. The Office for National Statistics said claimant count unemployment fell by 6,300 last month, the first fall since February 2008 and confounding expectations
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The U.S. Federal Reserve is expected to stick to its super loose monetary policy stance on Wednesday as high unemployment constrains policy-makers' enthusiasm about the economy's recent improvement. The Fed began a two-day meeting on Tuesday that is likely to show central bank policymakers are becoming more upbeat about the economy, but not enough to
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The dollar eased from a 2-1/2 month high versus the euro on Wednesday, while global equities, gold and government bonds were steady as investors waited for more clues on when the Federal Reserve might start tightening. Banking shares, however, were in demand after sources said global regulators would give lenders a grace period before forcing
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Stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures down 0.2 percent at 0841 GMT (3:41 a.m. EST). The U.S. Federal Reserve is expected to stick to its super loose monetary policy
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General Electric Co expects to record flat profit across its big industrial units next year, as a sluggish global economy crimps sales for jet engines, electric turbines and other heavy equipment. The largest U.S. conglomerate believes the worst of the financial crisis is behind it and is ready to invest in the core businesses it
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Google Inc executives said the company experienced very strong growth in its display advertising business in the first three quarters of the year and it will continue to invest heavily in advertising initiatives involving online video and mobile Web devices. Speaking to investors and analysts during a webcast on Tuesday, the Internet search giant outlined
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Cyprus and Russia have important prospects to widen their economic cooperation. This was the outcome of a meeting the Cyprus Chamber of Commerce and Industry (KEVE) and the Cyprus – Russian Business Association had with a delegation of Russian journalists that visited Cyprus. During the meeting, the two associations informed the journalists on the performance
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Abu Dhabi's $10 billion financial aid to fellow United Arab Emirates member Dubai to meet debt obligations was in the form of bonds, on similar terms to a $10 billion bond issue to the UAE central bank in February. The February bond issue is for a five years and pays a coupon of four percent
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Shifting views on interest rates in 2010 whipsawed markets on Wednesday, with the Australian dollar tumbling as investors scaled back their bets on aggressive rate hikes, while U.S. Treasuries rose before the last Federal Reserve meeting this year. Asian stocks mainly slid on profit taking, though price action was exaggerated by thin trading volumes heading
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Southwest Airlines topped the list of the 50 best U.S. places to work, based on employee opinions, according to research released on Wednesday. The following are the top 50 companies to work for, according to Glassdoor.com, an online jobs site which collected and compiled reviews from U.S.-based company employees throughout 2009. 1. Southwest Airlines Co
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