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‘Weak and uneven’: IMF cuts global growth forecast

‘Weak and uneven’: IMF cuts global growth forecast | EconMatters | Scoop.it
The IMF has downgraded its global growth forecast for both this year and next, as a divergence emerges between economies.
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Brent Oil Falls to 27-Month Low Amid Ample Supply

Brent Oil Falls to 27-Month Low Amid Ample Supply | EconMatters | Scoop.it
Brent crude fell to a 27-month low on signs that global production growth is outpacing demand. West Texas Intermediate oil dropped in New York.
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Hewlett-Packard Breaks Into Two Units to Stay Competitive

Hewlett-Packard Breaks Into Two Units to Stay Competitive | EconMatters | Scoop.it
Hewlett-Packard Co. is splitting into two companies, using a breakup to become nimbler after failing to keep up with the shift away from the printing and personal- computing businesses it pioneered.
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Electronic-Record Gap Allowed Ebola Patient to Leave Hospital

Electronic-Record Gap Allowed Ebola Patient to Leave Hospital | EconMatters | Scoop.it
A flaw in an electronic health records system is being blamed for the release of a man with Ebola into the Dallas area, because notes from nurses aren’t automatically sent on to doctors
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JPMorgan Says Data Breach Affected 76 Million Households

JPMorgan Says Data Breach Affected 76 Million Households | EconMatters | Scoop.it
JPMorgan Chase & Co., the biggest U.S. bank, said a previously disclosed data breach of its systems affected 76 million households and 7 million small businesses.
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Islamic State Leads Mideast Into Warlord Era as Nations Dissolve

Islamic State Leads Mideast Into Warlord Era as Nations Dissolve | EconMatters | Scoop.it
The Middle East may be sliding toward a warlord era, with nation-states increasingly struggling to control all their territory and millions living under the rule of emergent local chiefs and movements.
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Putin Not Big Enough Threat to Undermine Europe, Norway Says

Putin Not Big Enough Threat to Undermine Europe, Norway Says | EconMatters | Scoop.it
Europe shouldn’t fear the economic fallout of deteriorating ties with Russian President Vladimir Putin, Norway’s Prime Minister Erna Solberg said.
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How Ebola Patient Flew to U.S. From Liberia via Belgium

How Ebola Patient Flew to U.S. From Liberia via Belgium | EconMatters | Scoop.it
The first Ebola patient diagnosed in the U.S. arrived in Texas on a United Airlines jet to cap a journey among four airports spread across three continents.
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Hong Kong Government’s Strategy on Protesters: Wait Them Out

Hong Kong Government’s Strategy on Protesters: Wait Them Out | EconMatters | Scoop.it
The city’s top leader and his aides are said to hope that the disruption will eventually turn the public against the pro-democracy protests, which swelled further on Wednesday.
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Hong Kong Protesters Step up Pressure on Leung to Quit

Hong Kong Protesters Step up Pressure on Leung to Quit | EconMatters | Scoop.it
Hong Kong’s pro-democracy protests swelled for a sixth day as student leaders renewed an ultimatum for Leung Chun-ying to resign after jeering the city’s top official at a ceremony to mark China’s National Day.
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U.S. Crude Futures Slide Most in 17 Months; Brent Falls

U.S. Crude Futures Slide Most in 17 Months; Brent Falls | EconMatters | Scoop.it
West Texas Intermediate crude slid the most in 17 months, while Brent had its steepest drop in a year, as ample supply shielded the market from the risk of disruption due to the conflict in the Middle East.
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Russia Weighs Capital Controls If Net Outflows Intensify

Russia Weighs Capital Controls If Net Outflows Intensify | EconMatters | Scoop.it
Russia’s central bank is weighing the introduction of temporary capital controls if the flow of money out of the country intensifies, according to two officials with direct knowledge of the discussions.
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Wall St. Bankrolls Ex-Executive as He Sues Over A.I.G. Bailout

Wall St. Bankrolls Ex-Executive as He Sues Over A.I.G. Bailout | EconMatters | Scoop.it
Maurice R. Greenberg, the former chief of A.I.G., has now raised several million dollars from three Wall Street investors to help cover the cost of the case.
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Hong Kong Government Agrees Formal Talks With Protesters

Hong Kong Government Agrees Formal Talks With Protesters | EconMatters | Scoop.it
Hong Kong’s government and pro- democracy protesters agreed to start formal talks as demonstrations that shut roads and offices in the city showed signs of winding down.
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Hilton to Sell NYC’s Waldorf Astoria to Chinese Insurer for $1.95 Billion

Hilton to Sell NYC’s Waldorf Astoria to Chinese Insurer for $1.95 Billion | EconMatters | Scoop.it
Hilton Worldwide Holdings Inc., the world’s largest publicly traded hotel operator, agreed to sell the luxury Waldorf Astoria hotel in Manhattan to Beijing-based Anbang Insurance Group Co. for $1.95 billion.
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Brent Crude Heads For Bear Market Amid Swelling Supply

Brent Crude Heads For Bear Market Amid Swelling Supply | EconMatters | Scoop.it
Brent crude headed for a bear market on speculation rising global supplies will be more than enough to meet slowing demand.
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JPMorgan Password Leads Hackers to 76 Million Households

JPMorgan Password Leads Hackers to 76 Million Households | EconMatters | Scoop.it
Hackers exploited an employee password to crack a JPMorgan Chase & Co. server and ultimately pull off one of the largest cyber-attacks ever, accessing data on 76 million households and 7 million small businesses.
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You Know It’s a Tough Market When Ben Bernanke Can’t Refinance

You Know It’s a Tough Market When Ben Bernanke Can’t Refinance | EconMatters | Scoop.it
Ben S. Bernanke said the mortgage market is still so tight that he’s having a hard time refinancing his own home loan.
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Sources: Alleged FAA saboteur high when he started Chicago fire

Sources: Alleged FAA saboteur high when he started Chicago fire | EconMatters | Scoop.it
FAA control tower worker Brian Howard is accused of torching the flight control center and causing thousands of flight delays
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WTI Oil Falls Below $90 First Time in 17 Months on Supply

WTI Oil Falls Below $90 First Time in 17 Months on Supply | EconMatters | Scoop.it
West Texas Intermediate oil dropped below $90 for the first time in 17 months amid signs that global supplies are outstripping demand. Brent, Europe’s benchmark, headed for a bear market.
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Beijing just sent a chilling message to Hong Kong’s umbrella revolution

Beijing just sent a chilling message to Hong Kong’s umbrella revolution | EconMatters | Scoop.it
HONG KONG—Beijing has a harshly worded message for Hong Kong's pro-democracy movement. Not only is Beijing unwilling to reconsider the August decision to allow only Communist Party-approved candidates to run for Hong Kong's highest office, but Hong Kongers who continue to participate in the protests should expect dire consequences, an editorial in the People's Daily newspaper warned...
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BlackRock Bond ETF Gets Most Inflows After Gross Exit

BlackRock Bond ETF Gets Most Inflows After Gross Exit | EconMatters | Scoop.it
Investors are sinking the most cash ever into a BlackRock Inc. exchange-traded bond fund amid withdrawals from a similar ETF at Pacific Investment Management Co. that Bill Gross ran before quitting the firm he co-founded.
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Gross Exposes $42 Trillion Bond Market’s Key Flaw in Exit

Gross Exposes $42 Trillion Bond Market’s Key Flaw in Exit | EconMatters | Scoop.it
One man shook a $42 trillion bond market last week, highlighting just how vulnerable bond prices are to shocks.
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EBay to Split Off PayPal as Mobile Payments Gain Ground

EBay to Split Off PayPal as Mobile Payments Gain Ground | EconMatters | Scoop.it
EBay Inc. is splitting off its PayPal division, throwing the business into direct competition with Apple Inc. and Google Inc. as consumers step up the use of smartphones and computers to pay for goods and services.
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Hong Kong Protests Grow at Start of Two Day Holiday

Hong Kong Protests Grow at Start of Two Day Holiday | EconMatters | Scoop.it
Pro-democracy protests swelled in Hong Kong on the eve of a two-day holiday that may bring record numbers to rallies spreading throughout the city as organizers pressed demands for free elections.
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