Business and Finance news

Federal Reserve Bank of Chicago President Charles Evans said the central bank needs a clear low- rate commitment or a third round of purchases of Treasuries and mortgage bonds to further stimulate a still struggling economy.
People outside the Fed have

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Restrained spending by consumers held growth in the U.S. economy to a 2.8% annual pace in the fourth quarter, slower than economists forecast while still the fastest pace in more than a year.
Gross domestic product, the value of all goods and services produced, climbed at a 2.8 percent annual pace following a 1.8 percent […]

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Britain

Greece is confident a debt relief deal with private creditors that is crucial to avoid default can be reached “very soon,” a government spokesman said Friday.
Prime Minister Lucas Papademos met for a third day with negotiators from the Institute of International Finance, which represents the private creditors who are being asked to take a loss […]

Home sales and construction will improve this year, contributing

Fewer Americans filed claims for unemployment insurance payments last week, showing the labor market is starting 2012 on better footing than a year earlier.
Applications for jobless benefits (INJCJC) decreased 15,000 in the week ended Dec. 31 to 372,000, Labor Department figures showed today. The median estimate of 38 economists in a Bloomberg News survey […]

SPREAD THE REGION: Sandy Weber, VP and district director with US Bank, has been elected to a one-year term as chairwoman of North County Inc., a regional development organization.
Weber succeeds Patty Gould, the Pattonville School District’s school and business partnership director, who was chair of the board for 2011.
In announcing Weber’s appointment, Gould said Weber […]

The U.K. is home to this year

Japan is poised to unveil a currency-swap line with India in its second international financial agreement with top Asian powers this week.
Finance Minister Jun Azumi told reporters today in Tokyo that Japan is negotiating an agreement with India, the third- largest economy in Asia behind China and Japan. The deal is likely to be […]

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