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Global markets are surging in response to positive US economic data and yesterdays policy statement from the US Federal Reserve. The Fed said it would be patient in deciding when to raise interest rates. Most analysts have interpreted this as meaning
And the US economy grew at a slower pace than previously estimated in the three months to the end of September. Revised figures from the US Commerce Department show that gross domestic product grew by two per cent. Now that's half of one per cent low
Finance now, and the US markets continue to lose steam overnight as investors remain very nervous about the debt ceiling vote, which has now been postponed. The Dow has closed down 62 points; the NASDAQ is one point higher; the SP500 is down four. An
Expansion plans are on hold at Fortescue Metals Group as it feels the pain of the slump in commodity prices. Several hundred jobs will be lost as non-essential work is cut back. The company says it will defer some developments until iron ore prices r
And the ratings agency StandardPoor's is warning the odds of the United States slipping back into recession are on the rise. It says there is a 25 per cent chance of another recession in the United States. In February, it said the odds of a double-di
To finance. And the big four banks around the pressure to pass on the latest interest rate cut on in full. The chairman of LJ Hooker Great Palmer says a new housing starts are in the ** and a right cut will help us store confidence.The market general
Let's go to finance news.An oil and gas company Woodside will take another year to decide on its controversial energy project off the northern WA coast.The WA and federal government have agreed to the extension which will also delay the controversial
And Saudi Arbi says speculations are behind the current high oil prices and suppliers are in excess of demand. Petrol prices in Australia are nearing one dollar and sixty a liter.The Saudi Oil Minister says,crude at 125 US dollars a barrel is too hig
China economy has grown at its slowest pace in more than two years. The latest government figures show the country economy grew by 8.9% in the three month to the end of December. That's down slight by from the 9.1% in the previous quarter growth to t
And the US government has begun legal action against StandardPoor's. It's the first time charges have been brought against one of the credit rating agencies, widely blamed for contributing to the global financial crisis. StandardPoor's denies claims
French President Francios Hollande is talking about he'll push ahead with plans to raise the tax rate on the rich. He wants to lift the rate to 75 per cent. A court scuttled the plan last month when it ruled the measure was unconstitutional. Mr Holla
Item eight. Vocabulary. fossil, molecule, hydrogen, carbon, sulfur. Petroleum has been important since ancient times. In Latin, the name means rock oil. Petroleum is a fossil fuel. The liquid comes from the remains of plants and animals that died mil
Street Artists Add Color to Washington, DC Buildings 街头艺术家在华盛顿特区建筑物涂鸦 Welcome to American Mosaic from VOA Learning English. Im Caty Weaver. Washington D.C. has a graffiti problem. That is a problem it shares with many
As Fighting Continues, Libyan Oil Production Remains Volatile 战斗仍在继续,利比亚石油产量仍不稳定 As fighting between rival government forces in Libya continues, the countrys oil production sharply rises and falls. Production was rep
BHP / still plans to spend almost 3 billion dollars on a potash project in Canada despite a 30% fall in its profit. Analyst Tim Floder says investment is important for the mining giant to exploit China's changing market. China is going through reinve
The European Central Bank says it doesn't intend to follow the US Federal Reserve's lead and ease its stimulus measures any time soon. It says inflation is low, but unemployment remains high. However, it's still predicting a recovery later in the yea
Let's go to finance. A new report has found the profits of the world's biggest miners have slumped by half since 2011 as the mining boom peaks. Pricewaterhouse Cooper says higher costs, more writedowns and fluctuating commodity prices hit the foutune
The chief executive officer of Malaysian Airlines says the firm will become an entirely new company. Christoph Mueller took the helm in May and said earlier this month the Airlines was technically bankcrupt and announced restructuring plan involving
Good morning everyone. Well, it's been a bleak end to 2015 financial year on the Australian Stock Exchange. As the financial year ended yesterday, the ASX200 was 1.2% above what it was at the start of July 2014. But that's still one of the worst perf
At least five people are dead following a larger earthquake of the northern coast of Chile. The magnitude 8.2 quake generated a tsunami with waves of more than two meters hitting Chile's coastline. Tens of thousands of people were forced to flee to h