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World - S.Africa at `turning point` says minister, cutting growth view


Cape Town (AFP) - South Africa`s economy is at a `turning point` and the government must cap spending and raise taxes to tackle its soaring deficit in the face of stalling growth, the finance minister said Wednesday.


Wednesday, October 22, 2014  14:25

Yahoo

World - S.Africa minister cuts growth, says economy at `turning point`


Cape Town (AFP) - South Africa`s economy is at a `turning point,` forcing the government to cap spending and raise taxes in the face of slumping growth and soaring deficits, the finance minister said Wednesday.


Wednesday, October 22, 2014  14:25

Yahoo

Business - U.S. consumer prices barely rise as energy costs fall


WASHINGTON (Reuters) - U.S. consumer prices rose marginally in September as energy costs fell broadly, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month after declining 0.2 percent in August. Economists polled by Reuters had forecast consumer prices being flat in September. The CPI increased 1.7 percent in the 12 months through September after a similar rise in August. ...


Wednesday, October 22, 2014  13:48

Yahoo

World - EU`s Juncker promises tough stance on arbitration in U.S. talks


STRASBOURG France (Reuters) - The European Commission`s incoming president promised on Wednesday a tough stance on the most divisive part of a proposed EU-U.S. free-trade deal, appointing his deputy to ensure the final deal limits the power of multinationals. Investment protection has emerged as a highly sensitive issue in talks toward the world`s biggest trade deal and EU lawmakers say they will reject an agreement that contains a clause allowing companies to bring claims against a government seen to breach the trade treaty. ...


Wednesday, October 22, 2014  13:11

Yahoo

World - J&J to spend up to $200M on Ebola vaccine program


NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson will start safety testing in early January on a vaccine combination that could protect people from a strain of the deadly Ebola virus.


Wednesday, October 22, 2014  13:11

Yahoo

World - Big utilities pushing into booming home solar market


By Nichola Groom (Reuters) - For years, the utilities responsible for providing electricity to the nation have treated residential solar systems as a threat. Now, they want a piece of the action, and they are having to fight for the chance. If utilities embrace home solar, their deep pockets and access to customers could transform what has been a fast-growing, but niche industry. Solar powers only half a million U.S. homes and businesses, according to solar market research firm GTM Research. ...


Wednesday, October 22, 2014  12:34

Yahoo

World - Factbox: Who`s who on the new EU executive


(Reuters) - The European Parliament votes on Wednesday in Strasbourg on whether to confirm in office the new European Commission, the EU executive to be led by Jean-Claude Juncker. Each of the 28 member states nominates a commissioner. All have passed individual confirmation hearings in the legislature. The line-up proposed by Juncker is as follows: PRESIDENT JEAN-CLAUDE JUNCKER Luxembourg, center-right, 59. Prime minister for 19 years. Confirmed in office by parliament after nomination by national leaders in July over strong British objections. ...


Wednesday, October 22, 2014  11:39

Yahoo

Business - Austria`s Erste denies report it has failed stress tests


MADRID/VIENNA (Reuters) - Austria`s Erste Bank rejected a report that it was one of at least 11 banks that had failed the European Central Bank`s landmark health check, while other banks named by Spanish newswire Efe did not comment. Efe said Erste, along with banks from Italy, Belgium, Cyprus, Portugal and Greece, had failed the ECB review based on preliminary data, but gave no details of the size of the capital holes at the banks. The ECB said it could not comment on individual institutions or on speculation. ...


Wednesday, October 22, 2014  11:03

Yahoo

Business - Dow Chemical profit beats as plastics sales rise


(Reuters) - Dow Chemical Co , the No. 1 U.S. chemical maker by sales, reported a better-than-expected quarterly profit for the fourth time in a row, helped by higher sales in its plastics and performance materials business units. The company`s shares rose nearly 6 percent before the bell. Dow`s performance plastics unit, which makes products for toy manufacturers, builders and car makers, has benefited from access to relatively cheap natural gas, thanks to the shale boom in the United States. ...


Wednesday, October 22, 2014  13:30

Yahoo

Business - Big Tech winning battle with `patent trolls`


By Andrew Chung and Dan Levine (Reuters) - For two decades, companies that buy software patents to sue technology giants have been the scourge of Silicon Valley. Reviled as patent trolls, they have attacked everything from Google`s online ads to Apple`s iPhone features, sometimes winning hundreds of millions of dollars. But now the trolls are in retreat from the tech titans, interviews and data reviewed by Reuters show. In the wake of several changes in U.S. ...


Wednesday, October 22, 2014  13:30

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