Government

Returns on US Public Pensions drop to worst since 2012

The US State and Local government pension funds registered worst performance since 2012 following the bleak performance in global stock markets and bonds.

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Greek government says discussing draft of third bailout deal

Greek government officials discussed a draft of the country's third bailout agreement drawn up on the basis of discussions with EU/IMF lenders, a government official said on Saturday, boosting hopes a deal could be wrapped up in days.

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Greek stock market plunges sharply after re-opening

A black Monday for Greece's stock market. Its benchmark Athens Stock Exchange Index ended the day 16% lower after it re-opened for the first time in five weeks.

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Trouble in the North: Canada's economy continues to shrink

Canada is now facing its worst dilemma - a mild contraction, according to Stephen Poloz, governor of the Bank of Canada.

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IMF review recommends delaying currency basket adoption of yuan

The International Monetary Fund should put off any move to add the yuan to its Special Drawing Rights currency basket until September 2016, an IMF staff report said, a move that would effectively end the Chinese currency's chances of an early inclusion.

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Mexican government hikes dollar auction by almost 4 folds; holds rates

The continuous fall of peso currency is giving jitters to the Mexican economy. The second largest economy in Latin America is making all the possible efforts to prevent the arrest of its falling peso. It increased dollar auction level by almost four times to support the weakening peso.

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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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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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China July factory growth unexpectedly stalls: official PMI survey

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

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Pacific Rim free trade talks fall short of deal

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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 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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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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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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