NEW YORK, Nov 24 (Reuters) - U.S. stocks trimmed declines on Tuesday, with the S&P 500 turning positive as minutes showing Federal Reserve officials are confident the recovery is sustainable offset an earlier report that the economy grew at a slower-than-expected pace. More »
China's Economy News
US STOCKS SNAPSHOT-Wall St falters as data offsets Fed minutes
Reuters - Wednesday, November 25
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ADR Report-Foreign shares slip after economic data
Reuters - Wednesday, November 25NEW YORK, Nov 24 (Reuters) - Overseas shares traded in the United States fell on Tuesday after data showed the U.S. economy grew more slowly in the third quarter than first thought, suggesting the economic recovery will be slow.
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Fed sanguine about U.S. recovery, worried on jobs
Reuters - Wednesday, November 25WASHINGTON (Reuters) - Federal Reserve officials are increasingly confident in a durable recovery for the U.S. economy, even though they do not see employment picking up soon, according to minutes from their November meeting released on Tuesday.
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NJ businesses pessimistic over economic turnaround
AP - Wednesday, November 25Business owners in New Jersey are not bullish about the economy in the coming year.
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Zale posts wider 1Q loss but beats Street forecast
AP - Wednesday, November 25Zale Corp. reported a bigger fiscal first-quarter loss on Tuesday, hurt by a 10 percent drop in revenue as demand for jewelry remained soft in the weak economy, and a tax benefit helped results a year ago.
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European shares close lower; U.S. data weighs
Reuters - Wednesday, November 25LONDON, Nov 24 (Reuters) - European shares closed lower on Tuesday after data showed the U.S. economy grew at a slower rate than forecast in the third quarter and home prices in the United States rose less than expected in September.
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Safe-haven dollar higher on consumer, economy data
AP - Wednesday, November 25The dollar ticked higher Tuesday as a survey signaled the continued anxiety of U.S. consumers and the government dialed down its reading of third-quarter economic growth.
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US STOCKS-GDP, Case/Shiller muddy recovery hopes
Reuters - Wednesday, November 25* U.S. economy grows 2.8 pct in Q3, less than expected
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Consumer confidence improves slightly in November
AP - Wednesday, November 25Americans' confidence in the economy improved slightly in November from October, but shoppers remain gloomy heading into the traditional start of the holiday shopping season amid a weak job market, according to a monthly survey.
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Reports on consumer confidence, GDP tug on stocks
AP - Wednesday, November 25A lackluster report on consumer confidence is adding to the market's uneasiness about the economy.
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US STOCKS SNAPSHOT-Wall St opens down after Case-Shiller, GDP
Reuters - Wednesday, November 25NEW YORK, Nov 24 (Reuters) - Wall Street opened lower on Tuesday after data showed home prices rose but at a more sluggish pace and the economy grew more slowly than initially thought in the third quarter.
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Ahead of the Bell: Analog Devices
AP - Wednesday, November 25Shares of Analog Devices Inc. rose Tuesday after the chip maker forecast a 20 percent increase in revenue for the first quarter and higher-than-expected earnings as the economy gradually recovers.
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UPDATE 1-Manulife to buy China fund manager stake
Reuters - Wednesday, November 25(Corrects day of the week in first paragraph)
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European shares turn negative after US GDP data
Reuters - Wednesday, November 25LONDON, Nov 24 (Reuters) - European shares turned negative in afternoon trading on Tuesday after U.S. GDP data showed the economy grew more slowly than initially thought in the third quarter.
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Dollar extends losses vs yen after U.S. Q3 GDP data
Reuters - Wednesday, November 25NEW YORK, Nov 24 (Reuters) - The dollar edged lower against yen on Tuesday after preliminary data showed the U.S. economy in the third quarter grew at a slower pace than previously thought.
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China, EU to discuss protectionism, climate change
AP - Wednesday, November 25China hopes to forge a common stance with Europe against protectionism and discuss ways to tackle climate change at a summit next week, a senior diplomat said Tuesday.
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EU: climate deal hinges on US, China
AP - Wednesday, November 25Global warming cannot be reversed unless the United States and China commit to meaningful cuts in their greenhouse gas emissions, the EU said Tuesday.
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NEWSMAKER-China's BYD boss in fast lane after Buffett buy
Reuters - Wednesday, November 25By Doug Young
