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Economy increase industry Labor Day Top News U.S. 

Airline trade group sees 5 percent surge in U.S. Labor Day air travel

August 16, 2017 By Alana Wise NEW YORK (Reuters) – Labor Day air travel will get a boost this year, fueled by affordable ticket prices and higher household wealth, an industry trade group reported on Wednesday. U.S. airlines will carry a projected 16.1 million passengers worldwide between Aug. 30 and Sept. 5, up 5 percent from the 15.4 million passengers carried in last year’s holiday period, according to Airlines for America (A4A). “While we expect a growth in passenger traffic over the Labor Day holiday (Sept. 4), flyers can rest…

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Business consumer increase month spending 

U.S. retail sales post biggest rise in seven months

August 15, 2017 By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles and lifted discretionary spending, suggesting the economy continued to gain momentum early in the third quarter. Retail sales for June and May also were revised higher, which should help to assuage concerns about a slowdown in consumer spending at the start of the year. Tuesday’s upbeat report from the Commerce Department likely keeps the Federal Reserve on course to raise interest rates…

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Economy increase New Zealand North Korea Top News United States 

Swiss franc eases slightly after spiking on North Korea tensions

August 10, 2017 By Masayuki Kitano SINGAPORE (Reuters) – The Swiss franc eased versus the dollar on Thursday, but still held on to the bulk of hefty gains made the previous day as heightened tensions between the United States and North Korea sent investors looking for havens. Against the greenback, the Swiss franc eased about 0.1 percent to 0.9645 per dollar , having surged about 1.1 percent on Wednesday. The Swiss franc had also risen more than 1 percent against the euro on Wednesday, recording one of its largest single-day…

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economic growth Economy increase tax cuts Top News U.S. 

U.S. productivity rises in second quarter, keeps labor costs in check

August 9, 2017 By Lucia Mutikani WASHINGTON (Reuters) – U.S. productivity grew more than expected in the second quarter as hours worked rose at their fastest pace in 1-1/2 years, leading to a modest increase in labor costs that could keep inflation muted in the near term. The trend in productivity, however, remains weak, suggesting robust economic growth will be hard to achieve. President Donald Trump has vowed to boost annual growth to 3 percent through tax cuts, infrastructure spending and regulatory rollbacks. “The economy is aging and the growth…

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Economy increase month series Top News U.S. 

U.S. job openings at record high; labor market tightening

August 8, 2017 By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings jumped to a record high in June, outpacing hiring, the latest indication that companies are having trouble finding qualified workers. The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the Labor Department on Tuesday also underscored labor market strength that will likely encourage the Federal Reserve to continue tightening monetary policy despite benign inflation and concerns about consumer spending. “Companies are running out of workers to hire to do the job or even train to…

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consumer Economy increase PCE spending Top News 

U.S. spending, factory data point to moderate economic growth

August 1, 2017 By Lucia Mutikani WASHINGTON (Reuters) – A gauge of U.S. factory activity slid from a near three-year high in July amid a slowdown in new orders and consumer spending barely rose in the prior month, setting the stage for a moderate economic expansion in the third quarter. That was reinforced by other reports on Tuesday showing motor vehicle sales in July recorded their biggest year-on-year drop in nearly seven years. A plunge in construction spending in June suggested the government could cut its second-quarter GDP growth estimate….

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Economy increase Mannheimer Morgen policy Sabine Lautenschlaeger Top News 

ECB should think about when it wants to wind down bond buys: Lautenschlaeger

July 29, 2017 BERLIN (Reuters) – The European Central Bank should start thinking about how it wants to return to normal monetary policy and when it wants to wind down it bond purchases, governing council member Sabine Lautenschlaeger said in remarks published on Saturday. “The expansionary monetary policy has both advantages and side effects. As time passes, the positive effects get weaker and the risks increase,” she told the Mannheimer Morgen newspaper. “So it’s important to prepare for the exit in good time. What’s crucial in that context is a…

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Bengaluru Editing Business Facebook increase Sruthi Ramakrishnan 

Facebook shares surge as results quash fears of slowing growth

July 27, 2017 By Sweta Singh and Sruthi Ramakrishnan (Reuters) – Shares of Facebook Inc touched a record high on Thursday on the back of overwhelmingly positive quarterly results, adding more than $27 billion to its market value. The world’s biggest online social network posted a 71 percent surge in second-quarter profit and a 50 percent jump in mobile ad sales, allaying investor concerns that ad revenue growth was peaking as it runs out of space to display ads. Shares rose 6 percent to $175 in early trading, adding gains…

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Bengaluru Editing Business increase U.S. 

Verizon quarterly subscriber additions top estimates; shares up

July 27, 2017 By Anjali Athavaley (Reuters) – Verizon Communications Inc reported quarterly revenue that topped expectations on Thursday as the No. 1 U.S. wireless carrier attracted more subscribers with its unlimited data plan. Shares jumped 3.6 percent to $46.01 in premarket trading. In the quarter, Verizon added 614,000 subscribers who pay a monthly bill, including tablet customers, compared to an increase of 615,000 in the year-earlier period. The additions were higher than the JPMorgan estimate of 115,000 and consensus expectations of 70,000, JPMorgan analysts said in a research note…

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China June Economy increase month National Bureau Top News 

China industrial profits jump 19.1 percent year on year, weather higher financing costs

July 27, 2017 BEIJING (Reuters) – Earnings for China’s industrial firms surged 19.1 percent in June from a year earlier, accelerating from May in a sign economic momentum remains solid even as rising borrowing costs have raised concerns about pressure on margins. Profits in June rose to 727.78 billion yuan ($107.83 billion), the National Bureau of Statistics (NBS) said on its website on Thursday. For the first half of the year, the firms notched up profits of 3.63 trillion yuan, a 22.0 percent jump from the same period of last…

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