Asian relief as China's factories top low expectations

SYDNEY - Asian shares recouped early losses on Tuesday while commodities won a break from recent selling pressure after a reading on China's massive factory sector outpaced the market's bleak expectations.

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Plosser, hawkish chief of Philadelphia Fed, to retire in March

- Philadelphia Federal Reserve Bank President Charles Plosser, one of the sharpest internal critics of the central bank's loose monetary policy, will retire next year, in a departure that could ease pressure to raise interest rates more quickly.

22 Sep 2014

Exclusive - Ukraine crisis risks recession for Europe: El-Erian

NEW YORK - Mohamed El-Erian, the chief economic adviser at Allianz SE , warned that global markets do not fully appreciate the risk posed by the Ukrainian crisis, a conflict which could push Europe into recession.

1:08am EDT

U.S. existing home sales fall, investors pulling back

WASHINGTON - U.S. home resales unexpectedly fell in August as investors stepped away from the market, but the decline probably does not signal renewed weakness.

22 Sep 2014

Air France strike crisis deepens as both sides dig in

PARIS - A bitter Air France labor dispute deepened on Monday as management pledged to press ahead with its low-cost airline ambitions and pilots said that an eight day-old strike over the proposals would continue indefinitely as a result.

Airbus, Boeing spar over jet production strategy

ISTANBUL - Airbus and Boeing clashed over jet production on Monday, with the European planemaker questioning the viability of its rival's proposals to hike output and Boeing insisting it will only build the number of jets that its buyers and suppliers can handle.

22 Sep 2014


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