Des Moines News
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Investors are more confident in a Japanese leader than any time since at least September 2010, with optimism about Prime Minister Shinzo Abe’s policies exceeding that for counterparts in the U.S., Europe and China.
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Patriot Majority USA, a social welfare nonprofit, told the Internal Revenue Service that its mission is “to encourage a discussion of economic issues.” In exchange for keeping its donors private and paying fewer taxes, it must limit its involvement in politics.
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Apple Inc., the world’s most valuable technology company, has lost its edge among investors, according to the latest Bloomberg Global Poll.
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The U.S. economy will continue to recover until at least 2015 without tumbling into a recession, achieving the sustained growth that has eluded it since the last slump ended four years ago, according to a Bloomberg poll.
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International investors are the most bullish they’ve been on the U.S. and Japanese markets in more than 3-1/2 years as both countries’ economies are seen as improving, according to the latest Bloomberg Global Poll.
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Federal Reserve Vice Chairman Janet Yellen is seen by a third of international investors as the most likely to take the helm of the central bank when Ben S. Bernanke’s term ends in January.
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Ethanol weakened against gasoline on concern that the highest returns for making the biofuel from corn since 2011 will raise production rates.
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Hog futures advanced on signs of increasing domestic demand for U.S. pork. Cattle prices were little changed.
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Corn futures tumbled, capping the biggest weekly loss in more than a month, after the government said U.S. inventories will double as farms recover from the drought in 2012 to produce the biggest crop ever.
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Ethanol’s discount to gasoline narrowed on concern that tight corn supplies before this year’s harvest will curtail production of the biofuel.
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