In a statement after a two-day meeting, the Fed said it will keep buying billion a month in mortgage bonds and Treasurys. The Fed said that economic activity has “paused in recent months” due to weather and other transitory factors. The Fed did not say how long the bond purchases would last
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Faced with the imminent release of an audit by accountants KPMG that will push the total projected life-cycle costs of the aircraft above billion, the Harper Conservatives have decided to scrap the controversial sole-source program and go back to the drawing board, a source familiar with the decision said.
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MF Global may have mismanaged trades, Corzine’s lawyers admit, but he sure didn’t hide the risks or mislead investors about the firm’s risk appetite or liquidity. Why? Because he was so convinced in the profitability of MFG he bought a whopping 50,000 MF Global shares in the open market two months before the firm collapsed.
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From Sudan to Canada, Chinese energy companies are snapping up assets in order to diversify the country’s resources for hydrocarbons. But those efforts in Canada may be having an unintended “blowback” in the U.S.
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Mexican crude oil to be sold to China without using the US dollar as its trading currency
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Police say at least 19 Japanese government organizations and other institutions’ websites have been hacked since Japan bought the Senkaku Islands last week.
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Why would the National Weather Service need to purchase large quantities of powerful ammo? That’s the question many are asking after the federal agency followed in the footsteps of the Department of Homeland Security in putting out a solicitation for 46,000 rounds of hollow point bullets.
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China’s purchasing lands all over the world is turning into a new meme. after Iceland earlier this week in is now the turn for New Zealands xenofoobs. Besides, in the global grab for land, China is only a minor player.
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The European Commission Friday opened an in-depth investigation of the proposed purchase of British music label EMI Music by Vivendi subsidiary Universal Music Group, over competition concerns.
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Japan is discussing with China possible purchases of Chinese government bonds, Finance Minister Jun Azumi said, a sign the nation is diversifying foreign- exchange holdings by tapping into the world’s second-largest economy.
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