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ECB braces for QE as others shift rates

BRUSSELS - Greek funding and quantitative easing in Europe, an expected rate cut in Australia and the buoyant U.S. labor market are set to be the focus of an economic week dominated by a host of central bank meetings.

Recent Business News

Iraq minister sees oil at $64 to $65 per barrel

BAGHDAD - Iraq's Oil Minister Adel Abdel Mehdi said on Sunday world oil prices were gradually rebounding and he expected to see a barrel of crude selling at around $65.

10:41am EST

Herbalife cuts pay of CEO Johnson 36 percent after missed targets

BOSTON - Herbalife Ltd cut the pay of Chief Executive Michael Johnson 36 percent for 2014 after the nutrition and weight loss company failed to meet performance goals set for him and other top executives, according to a securities filing on Friday.

28 Feb 2015

Schaeuble expects Germany to boost spending on defense, security

BERLIN - Germany will spend more on defense in coming years in response to growing global instability, Finance Minister Wolfgang Schaeuble said in an interview published on Sunday.

7:18am EST

Jobs report may test market's complacency

NEW YORK - The U.S. stock market has been quiet this week - too quiet.

27 Feb 2015

U.S. economy slowed in fourth quarter, but growth outlook still favorable

WASHINGTON - U.S. economic growth braked more sharply than initially thought in the fourth quarter amid a moderate increase in business inventories and a wider trade deficit, but strong domestic demand brightened the outlook.

27 Feb 2015

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