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While you were sleeping Weak US manufacturing, housing data before Fed meets
Oct. 29 (BusinessDesk) – US manufacturing production rose just 0.1 percent last month while contracts to buy existing homes posted their biggest drop in 3 ½ years, suggesting the federal shutdown helped take some air out of the world’s biggest economy. US manufacturing output wa...
World Week Ahead Fed in the limelight
By Margreet Dietz Oct. 28 (BusinessDesk) – Federal Reserve policy makers will draw the limelight as they start a two-day meeting on Tuesday after which they are expected to signal ongoing stimulus to help the US economy get over the speed bump created by lawmakers’ fiscal battl...
Supreme Court grants Lombard Four leave to appeal sentences, but not convictions
Oct. 25 (BusinessDesk) - The Supreme Court has granted the four former directors of failed lender Lombard Finance & Investments leave to appeal their sentences on issues of fact, but turned down the application to have their convictions overturned. The country’s top court today...