Finance & Economics
JPMorgan makes top level changes as Drew resigns
JPMorgan Chase's chief investment officer Ina Drew has resigned after the banking corporation revealed losses of $2billion due to a trade involving derivatives that was intended to lower, or hedge, the bank's risk but which went terribly wrong.
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Greek Political Deadlock Fans Eurozone Worries
World stocks fell sharply Monday as traders voiced new concerns about political uncertainty in Greece. Analysts say failure by the country's politicians to form a coalition government could lead to new elections.
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Slow grind back for Europe
The European Commission has just completed its spring economic forecast, which has suggested the eurozone should make a slow recovery from recession later this year.
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California governor reveals whopping budget deficit
The California governor, Jerry Brown, has announced the state's projected budget deficit has been blown out.
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US$9.67 billion loss for Panasonic
Panasonic Japan has announced a record US$9.67 billion annual loss.
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British economy may be in deeper recession as construction output data is lowered
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Obama urges Congress to act on 'To-Do List' to spur economy
US President Barack Obama Saturday pressed Congress to act on a "To-Do List" to create jobs and help restore economic security for the middle class.
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0.2 per cent drop in April producer price index
Dip in energy and intermediate goods costs helped to drive down U.S. wholesale prices lower in April, indicating easing of inflationary pressures.
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