Finance time

U.S. Treasury Secretary Henry Paulson arrived in Moscow on Sunday for economic talks with Russia’s top leaders that some observers say could help shift the focus of a sometimes frosty U.S.-Russia relationship towards the more productive areas of trade and investment.
Paulson, on his first trip to Russia since taking over as Treasury Secretary […]

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Consumer confidence fell more than expected in June, hitting another 28-year low as surging prices and mounting job losses contributed to a bleak outlook, according to a survey released on Friday.
The Reuters/University of Michigan Surveys of Consumers said five-year inflation expectations remained steady at the peak of 3.4 percent reached in May, which […]

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Ford-owned Volvo Cars said Wednesday it has given layoff notices to 1,200 employees in Sweden as part of efforts to reduce costs by around 4 billion kronor (US$662 million).
The company said it has started negotiations with unions representing staff in Goteborg and Olofstrom in the west and southern parts of Sweden. A previously announced […]

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Embedded computer maker RadiSys Corp. told employees Wednesday that 20 of them will be laid off by the end of the year.
Hillsboro-based RadiSys (NASDAQ: RSYS) employs 667 people, up from 625 last year.
The employees that will be leaving RadiSys are all part of the company's new product development operations, which […]

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Confidence among Americans dropped to the lowest level in 16 years and house prices fell the most on record, raising the risk that consumers will cut back on purchases after spending their tax rebates.
The Conference Board's confidence index fell to 50.4 in June, lower than forecast, from 58.1 in May. Home prices in […]

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U.K. house prices declined by the most this year in June as buyers shunned the market, deepening Britain's property slump , Rightmove Plc said.
The average asking price for a home dropped 1.2 percent from May to 239,564 pounds ($473,000), Britain's most-used property Web site said in a statement today. Prices in London declined […]

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China will raise the prices of gasoline, diesel and aviation fuel by 8% beginning Friday, the government’s main economic planning agency announced, in a move that could dampen the booming Asian nation’s oil consumption.
The announcement sent oil prices downward Thursday morning in New York, where light, sweet crude for July delivery fell US$2.80 to […]

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The Bank of Japan is watching the effect of higher commodity prices on global inflation and growth in the world's second-largest economy, meeting minutes show.
Japan faces “considerable downside risks including uncertainty regarding future developments in overseas economies and global financial markets,'' members agreed at their May 19- 20 meeting, according to the minutes […]

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Singapore's economy will probably expand less than initially estimated this year as export growth and private consumption slows, a central bank survey showed.
Gross domestic product in 2008 will increase 5.5 percent, according to a survey of economists by the Monetary Authority of Singapore released today, lower than the 5.6 percent median forecast in […]

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India's inflation accelerated to a seven-year high on soaring commodities and energy prices, stoking speculation the central bank will increase interest rates next month.
Wholesale prices jumped 8.75 percent in the week to May 31, after gaining 8.24 percent in the previous week, the government said in a statement in New Delhi today. That […]

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