Budget Deficit News
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Updated 15 minutes ago
The euro weakened and German bunds gained, while U.S. stocks were little changed, as Spain raised its budget-deficit target for 2012 and German retail sales unexpectedly declined. Bond risk rose and oil declined.
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Updated 26 minutes ago
U.K. stocks fell as Spain raised its budget deficit target above the limit committed to the European Union.
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Updated 24 minutes ago
Mexico’s peso fell the most in a week after Spain raised its budget deficit target for 2012, fueling concern a slowdown in the euro-region will damp global expansion.
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Updated 14 minutes ago
U.S. stocks fell on speculation that a rally in the Standard & Poor’s 500 Index to an almost four- year high may have gone too far amid global growth concern.
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Updated 1 hour, 8 minutes ago
German stocks were little changed as Spain raised its budget deficit target and a report showed German retail sales dropped in January.
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Updated 1 hour, 7 minutes ago
Italy’s budget deficit narrowed more than economists forecast last year as spending cuts and tax increases helped shore up public finances even as the economy slipped into recession.
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Updated 36 minutes ago
Restaurant owner Bernardo Van der Vyver is thrilled by the Mobile World Congress in Barcelona, Spain’s second-largest city. And he isn’t a techie.
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European Union leaders signaled Spain must stick to its target for narrowing the budget deficit this year amid a weaker economy, highlighting Prime Minister Mariano Rajoy’s limited room to escape tougher EU rules.
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Updated 2 hours, 40 minutes ago
German 10-year bonds rose, snapping two days of declines, after the nation’s retail sales unexpectedly fell, stoking concern that the sovereign debt crisis is weighing on the region’s economic recovery.
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Italy’s budget deficit narrowed more than economists forecast last year as spending cuts and tax increases helped shore up public finances even with the economy slipping into a recession.
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