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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.

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Airbus Group CEO says not ready for retirement: report

PARIS - Airbus Group Chief Executive Tom Enders has given the strongest hint yet that he may seek a new term as head of Europe's largest aerospace company, telling a French newspaper he does not feel ready for retirement when his mandate expires next year.

28 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

Hyundai recalls more than 200,000 Elantras over steering problem

WASHINGTON - Hyundai Corp is recalling 204,768 Elantras because of a power steering defect that might cause the cars to suddenly revert to manual steering, the company said Saturday in a report filed with U.S. auto safety regulators.

28 Feb 2015

Dudley, top U.S. economists urge later Fed rate hike

NEW YORK - Raising interest rates too late is safer than acting too early, an influential Federal Reserve official said on Friday, endorsing a high-profile research paper that argues the U.S. economy, given time, can rebound to the strong growth rate to which Americans are accustomed.

27 Feb 2015

Wall Street ends down after data; posts strong gains for month

NEW YORK - The S&P 500 posted its best monthly gain since October 2011 on Friday, but U.S. stocks ended lower for the day as U.S. economic growth slowed more sharply than initially thought in the fourth quarter.

27 Feb 2015

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