Government

Angela Merkel and Wolfgang Schaeuble

Germans fret over Europe's future but still believe

The battle for Europe will be won or lost in Germany. On some days recently, it has looked like it might be lost. But that is to underestimate the deep German commitment to the success of European integration based on the rule of law.

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Brokerage house

China central bank official sees downward pressure on economy persisting: paper

Downward pressure on China's economy will persist in the second half of the year as growth in infrastructure spending and exports is unlikely to pick up, a senior central bank official was quoted as saying.

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Chinese workers

China July factory growth unexpectedly stalls: official PMI survey

Growth at China's big manufacturing companies unexpectedly stalled in July as demand at home and abroad weakened, an official survey showed on Saturday, reinforcing views that the economy needs more stimulus as it faces fresh risks from a stock market slump.

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Workers

U.S. wage growth brakes in second-quarter; consumer sentiment slips

U.S. labor costs in the second quarter recorded their smallest increase in 33 years as workers earned less in commissions and bonuses, in what appeared to be a temporary wage growth setback against the backdrop of diminishing labor market slack.

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Trans-Pacific Partnership

Pacific Rim free trade talks fall short of deal

Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs.

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Wolfgang Schaeuble

Germany's Schaeuble wants to rebalance EU Commission's role

Germany's finance minister wants to correct the balance between the European Commission's political role and its regulatory powers, reflecting concern in Berlin over the EU executive's neutrality as its political clout grows.

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China

China says needs to ensure economic risks don't turn into social risks

China needs to ensure that risks presented by a slowing economy do not morph into social risks, the state planner said on Friday, acknowledging the problems the country faces should unemployment rise.

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Jack Lew

Creditworthiness of US at stake; Will cash-strapped US raise debt ceiling?

The creditworthiness of the world's largest economy seems to be drenched as US treasury has stopped issuing further debt citing reasons for reaching the borrowing ceiling.

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European and Greek flag

All eyes on talks over bailout plan for Greece

The delayed talks over a third 85 billion euro bailout plan is set to take place on Tuesday. Syriza government led by Prime Minister Alexis Tsipras will hold negotiations with European troika, the tripartite committee led by the European Commission (Eurogroup), European Central Bank (ECB) and International Monetary Fund (IMF).

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Brokerage house

China state-owned margin lender returns market-steadying funds early

The China Securities Financial Corporation (CSFC) has returned ahead of schedule some of the funds it borrowed from commercial banks to stabilize the stock market, three people in the banking industry with direct knowledge told Reuters.

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OPM data breach

US Senate expands Department of Homeland Security powers after data breach

Senators from both the Republican and Democrat sides of the US Senate have come together to enact legislation that will enhance the powers of the US Department of Homeland Security in order to protect government Internet addresses.

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Greece

Greek banks reopen after three-week closure

Greek depositors lined up outside banks Monday as banks reopened three weeks after closing their doors. But while people can now withdraw money, restrictions remain and, with new taxes, they will have to shell out more for goods and services.

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Pensioner

Study reveals the U.S. Pension System is short by $1 Trillion

The states of Illinois, Kentucky and Connecticut, according to a study by Pew Charitable Trust, have been found underfunded by at least $1 trillion.

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Greece-Russia relationship

Russia offers energy pipelines to Greece - a very expensive lifeline, skeptics say

Russia's offer to support Greece wouldn't be a surprise considering the close ties between these two countries. However, some experts have an interesting view of the impending scenario.

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European Union flag

EU steps up pressure for rapid deal to revive asset-backed debt

European Union reform of the securitized debt market to help to revive the region's economy is likely to be binding on member countries to speed up change, a senior official from the bloc's executive body said on Tuesday.

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