WASHINGTON - The U.S. economy grew faster than initially estimated in the third quarter but weak demand and a pile-up in business inventories buoyed the case for the Federal Reserve to keep up its bond-buying stimulus for now.
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BUENOS AIRES - Argentina's recent Cabinet shuffle has smoothed trade friction between South America's two largest economies and clears the way for a united proposal for free trade with the European Union, Brazilian Trade Minister Fernando Pimentel said on Thursday.
LONDON - Finance minister George Osborne celebrated a sharp turnaround in Britain's economy as vindication of his austerity push on Thursday, but said he would not relax his grip on public spending in the years ahead. | Video
CARACAS - President Nicolas Maduro's socialist government issued a decree on Thursday regulating the prices of used and new cars in the latest move to control the highest inflation rate in the Americas.
- Hedge fund Hayman Capital Management LP sold all its shares in J.C. Penney but still holds the ailing retailer's debt, fund manager Kyle Bass told Bloomberg TV on Thursday.
Corporate issuers seem to take Presidents' Day, or at least family ski vacations, quite seriously.
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