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China's Xi will meet Obama earlier than expected

Submitted by Fox First at Ten on May 21st

BEIJING (AP) - China's new leader Xi Jinping will confer with President Barack Obama next month in California, months earlier than their expected first meeting, as both sides seek to stem a drift in relations, troubled by issues from cyberspying to North Korea. The June 7-8 meeting at a retreat

Asian stocks rise on signs of steady US recovery

Submitted by Fox First at Ten on May 20th

By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - Evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday. A gauge of future economic activity issued Friday rose more than expected, a sign that the world's biggest economy is improving. Consumer

IMF says Cyprus at risk of even deeper recession

Submitted by Fox First at Ten on May 17th

By MARJORIE OLSTERAssociated Press WASHINGTON (AP) - The International Monetary Fund said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at averting a debt default. A new IMF report predicted a deep recession in Cyprus

IMF says Cyprus at risk of even deeper recession

Submitted by Fox First at Ten on May 17th

EU Commission sees Greek recovery but few jobs

Submitted by Fox First at Ten on May 17th

ATHENS, Greece (AP) - Greece's deep, six-year recession is likely to end in 2014, but unemployment will remain above 20 percent for another three years, the European Commission said Friday in a report. Greece has been dependent on rescue loans from other European countries that use the euro and

Futures rebound ahead of Conference Board report

Submitted by Fox First at Ten on May 17th

NEW YORK (AP) - U.S. stock futures are rising with markets headed for a positive week overall, as investors shrug off some unsettling reports from retailers this week. Dow Jones industrial futures are up 40 points to 15,252. S&P futures have added 4.6 points to 1,652.70. Nasdaq futures are up 6

Oil gains to near $96 as investors eye US economy

Submitted by Fox First at Ten on May 17th

By PABLO GORONDIAssociated Press The price of oil rose to near $96 a barrel on Friday ahead of the release of Conference Board's index of leading indicators for the U.S. economy. By early afternoon in Europe, benchmark oil for June delivery was up 45 cents to $95.61 a barrel in electronic

'Like Hell': Texas Tornadoes Kill At Least Six

Submitted by Fox First at Ten on May 16th

NBCNEWS.COM - North Texas residents began to take in the devastation on Thursday wreaked by a series of tornadoes that killed six and injured dozens more in what Hood County Sheriff Roger Deeds described as a "nightmare" scenario. Seven of 14 people who had previously been unaccounted for

US rate on 30-year mortgage rises to 3.51 pct.

Submitted by Fox First at Ten on May 16th

By The Associated Press WASHINGTON (AP) - Average U.S. rates on fixed mortgages rose this week but stayed near their historic lows. Cheaper mortgages have helped the economy by spurring more home-buying and refinancing. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year

Asia stocks mixed as holidays thin trade

Submitted by Fox First at Ten on May 16th

By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - Asian stock markets were mixed in holiday-thinned trading Friday as investors digested a slew of disappointing economic data and corporate results from the U.S. Applications for unemployment benefits jumped to their highest level in six weeks, the