Source Match Local News
Azavea Among ICIC and FORTUNE's 2013 Inner City 100 Winners
S.Africa's central bank leaves repo rate steady at 5 percent
PRETORIA (Reuters) - South Africa's Reserve Bank left its repo
rate unchanged as expected at 5 percent on Thursday, citing
concerns about a lower rand exchange rate and weak economic growth.
All but one of 25 economists polled by Reuters last week expected
the Bank would keep rates on hold, with the majority forecasting
steady rates throughout 2013.
Fed not "that close" to winding down stimulus: Bullard
By Marc Jones LONDON (Reuters) - A senior central banker sought
to give reassurance on Thursday that the Fed is in no hurry to
start winding down its economic stimulus after comments by chairman
Ben Bernanke sent stock markets tumbling. James Bullard, president
of the Federal Reserve Bank of St. Louis, said on Thursday he did
not think the Fed was "that close" to starting the process of
winding down its support although it was the likely next step if
the economy continued to improve and inflation picks up. ...
City Council holds public budget meeting
Ralph Lauren's 4Q profit rises 35 pct
TSX may open lower on Bernanke's comments
(Reuters) - Canada's main stock index looked set to open lower
on Thursday as comments from Federal Reserve Chairman Ben Bernanke
raised fears the U.S. central bank would end its bond-buying
program sooner-than-expected. TOP STORIES Toronto-Dominion Bank
quarterly profit rose 2 percent, driven by stronger wholesale
banking income, it said. The European Central Bank is looking into
expanding its range of policy tools, while the U.S. central bank is
mulling scaling back its support measures, highlighting the
contrasting fortunes between the world's two biggest economic
blocs. ...
Need small scale tapering of bond buys when it starts: Fed's Bullard
Va. landmark Natural Bridge up for sale
Threat of North Dakota dam failure may be easing
Feds investigate after plane parts hit Ga. home
Oil down to near $93 on Chinese recovery concerns
Oil down to near $93 on Chinese recovery concerns
Exclusive :China urbanization plan hits roadblock over spending fears - sources
By Kevin Yao BEIJING (Reuters) - China's plan to spend $6.5
trillion on urbanization to bolster the economy is running into
snags, sources close to the government said, as top leaders fear
another spending binge could push up local debt levels and inflate
a property bubble. Premier Li Keqiang has rejected an urbanization
proposal drafted by the National Development and Reform Commission
(NDRC), seeking changes to put more emphasis on economic reform,
according to the sources, who are familiar with the matter. ...
ECB seeks new tools while Fed toys with exit
By Leigh Thomas and Jason Lange PARIS/WASHINGTON (Reuters) -
The European Central Bank is looking into expanding its range of
policy tools, while the U.S. central bank is mulling scaling back
its support measures, highlighting the contrasting fortunes between
the world's two biggest economic blocs. ECB Executive Board member
Peter Praet said late on Wednesday that the central bank could try
new policies if needed to battle deflation risks, adding that the
central bank was also weighing measures to encourage more lending
in the euro zone. ...
Senator: Assaults let military culture continue
Hofstra suspect won praise from parole panel
Survey shows China manufacturing contracting
S.Africa's labour strife could lead to job losses: Zuma
CAPE TOWN (Reuters) - South African President Jacob Zuma said
on Thursday labour strikes could cause major problems and job
losses in Africa's biggest economy. "We are likely to run the
economy of the country into a serious problem and therefore there
will be more people unemployed and there will be therefore an
extension of poverty," Zuma said during an address to traditional
leaders in parliament.
Ohio kidnap case hero gets burgers for life
Warning signs for China, Fed hints at curbing stimulus
By Andy Bruce LONDON (Reuters) - Chinese factory activity
shrank in May for the first time in seven months, overshadowing
signs that the euro zone's downturn tempered slightly in May,
business surveys showed on Thursday. World stock markets tumbled
after the Chinese data and also in response to U.S. Federal Reserve
Chairman Ben Bernanke, who hinted on Wednesday the Fed could soon
pare back its bond-buying with new money if the economy maintains
momentum. China's flash HSBC Purchasing Managers' Index (PMI)
entrenched fears recovery in the world's No. ...
Kenya sees economy growing 6 pct in 2013
NAIROBI (Reuters) - Kenya's economy is expected to expand by
about 6 percent in 2013, up from a growth rate of 4.6 percent last
year, driven by a pick-up in sectors like agriculture, the planning
minister said on Thursday. Optimism around the prospects for east
Africa's biggest economy has risen after the country held a
peaceful presidential poll in March, in contrast with the
violence-riddled election of five years ago. ...
Lawyers in Colorado shooting case to challenge insanity defense law
By Keith Coffman DENVER (Reuters) - Public defenders
representing James Holmes, accused of killing 12 moviegoers in
Colorado last summer, will return to court on Thursday to challenge
the state's insanity defense law in a bid to try to avoid the death
penalty for their client. Lawyers representing Holmes, 25, are
challenging Colorado's capital punishment statute on several
fronts, and on Thursday are arguing that it unconstitutionally bars
him from calling his own mental health experts at sentencing if he
refuses to cooperate with court-appointed psychiatrists. ...
FBI arrests suspect in Wash. state ricin case
Global shares sink on U.S. stimulus pullback, Chinese growth fears
By Richard Hubbard LONDON (Reuters) - Share markets fell
sharply on Thursday as investors piled back into safer assets,
unnerved by the twin setbacks of unexpected weakness in China's
economy and signals that the U.S. central bank may soon scale back
its stimulus program. The yen bounced sharply off recent lows and
German Bunds rose, gaining support from a shift in sentiment that
followed Fed Chairman Ben Bernanke's comment that the bank may trim
its bond purchases at one of its next policy meetings. ...
10 things Washington (and you) could do to make college more affordable
Who makes money off your student loans? You might be surprised
Oil falls below $93 as China manufacturing weakens
Oil falls below $93 as China manufacturing weakens
Japan stocks dive as benchmark bond yield spikes
BANGKOK (AP) — Japanese stocks plummeted Thursday after a spike
in government bond yields and unexpectedly weak Chinese
manufacturing spooked investors sitting atop months of massive
gains in share prices. The Nikkei 225 in Tokyo nosedived 7.3
percent to close at 14,483.98, its worst drop since the 2011
tsunami.