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Greece Gets EU Support, but Strikes Continue

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b2b news - On Monday, as Greek officials expressed relief at European support over the country's debt crisis, labor unions stepped up strikes because of the recent wage cuts and sales tax increases.

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Singapore Expects 2010 GDP to increase up to 6.5%

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b2b news - Singapore's forecast for 2010 GDP has been raised and they now expects the city-state's economy to grow as much as 6.5% after contracting last year.

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Beijing's Treasury Holdings Down

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b2b news - A decline in China's declared holdings of U.S. Treasury bills comes as it is trying to diversify its foreign assets. But analysts say Washington's debt still remains the only asset big enough to absorb the trade-fueled flood of cash Beijing needs to invest, and it might be adding to its hoard with secret purchases through banks abroad.

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Financial Times and Stock Exchange Down Due to Greek Debt

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b2b news - On Friday, the London stock market closed lower as recovery stalled in the eurozone and the Greek debt saga weighed on the markets.

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No More Stimulus

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b2b news - Federal Reserve Chairman Ben Bernanke's plans to dismantle the central bank's economic supports disappointed investors. On Wednesday, the Dow Jones industrial average fell 60 points after jumping 150 a day earlier when hopes grew that Greece would get a bailout from its financial troubles.

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Hopes for Greece Lift Stocks

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b2b news - Stocks surged Tuesday on hope that the European Union will help Greece manage its growing debt burden.The Dow Jones industrial average climbed back above 10,000 after closing below that threshold Monday for the first time in three months. European markets rose in afternoon trading.

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EU to Rule on Greek Budget Plan

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b2b news - Friday, the European Union's executive said that it would rule next week on Greece's program to reduce a ballooning budget deficit, but refused to comment on reports that a bailout plan is under discussion.
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German Unemployment Rising

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b2b news - On Thursday, data showed that this month, German unemployment rose, and though the economy has fared better than others, the outlook for 2010 is uncertain, analysts say.
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