Bill Adams News
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Mitt Romney urged voters to reject President Barack Obama and his “job-killing” regulations. Obama’s victory last week shows many Americans aren’t as reflexively anti-Washington as Romney expected.
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China’s growth may have peaked as developers accelerated construction work ahead of government measures to cool the property market, according to research organization The Conference Board.
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The Conference Board will release a monthly leading economic index for China from May 17 that will signal turning points in the world’s fastest-growing major economy, the New York-based research group said.
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A China leading indicator points to a likely moderation in the growth of the world’s second- biggest economy after export demand weakened, the Conference Board said.
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Foreign direct investment in China increased at a faster pace in September, underscoring confidence in the outlook for the fastest-growing major economy and adding to pressures on the nation’s exchange rate.
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Soybeans and corn fell in Chicago as the U.S. harvest neared completion. Wheat slid on speculation that the dollar’s advance may slow demand for U.S. crops.
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An indicator of China’s economic outlook rose for a seventh month, signaling the world’s fastest- growing major economy is withstanding monetary tightening.
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China’s stock market decline shouldn’t be blamed on index futures, China Securities Journal cited Wang Lianzhou , former deputy director of National People’s Congress’ financial and economic committee, as saying.
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China’s economic expansion eased to 10.3 percent in the second quarter and industrial production cooled more than forecast in June, signaling a deeper second- half slowdown that may add to risks for the global economy.
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China’s stocks plunged, driving the benchmark index to the biggest loss since August, on concern government steps to cool the property market and European austerity measures will hurt economic growth.
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