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Thursday, September 18, 2014

Business Today: Dollar hits six-year peak versus yen, ECB loan demand disappoints

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09/18/2014
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Dollar hits six-year peak versus yen, ECB loan demand disappoints
LONDON (Reuters) - Lackluster demand for the ECB's new ultra-cheap loans on Thursday boosted bets it will have to overcome reservations about sovereign bond buying, and left markets eyeing the widening policy divergence from the United States.
U.S. jobless claims fall, continuing claims lowest since 2007
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting that a sharp slowdown in job growth last month was probably an aberration.
Rite Aid, Pier 1 slide; futures rise on Fed support
NEW YORK (Reuters) - Shares of Rite Aid Corp were falling early Thursday, in the highest volume so far on the New York Stock Exchange, after it cut its full-year profit forecast for a second time this year and lowered the top end of its sales forecast.
Alibaba set to price IPO shares amid investor frenzy
(Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd is set to sell some $22 billion of shares on Thursday, capping a two-week road show that drew frenzied interest from investors worldwide and may be the world's largest ever initial public offering.
Alibaba cash could fund small spending spree at Yahoo
SAN FRANCISCO/BOSTON (Reuters) - Alibaba Group Holding Ltd's upcoming public offering will give Yahoo Inc billions of dollars for a potential shopping spree that investors hope will jumpstart its comeback.
Yellen doesn't comment on policy at conference on savings
WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen did not comment on the central bank's most recent policy decisions or the U.S. economy in pre-recorded remarks to a conference on savings among low-income families on Thursday.
U.S. housing starts fall; prior month's data revised higher
WASHINGTON (Reuters) - U.S. housing starts and permits fell in August, but upward revisions to the prior month's data suggested the housing market continued to gradually improve.
Apple's iPhone 6 gets one Chinese license, needs another before sales begin
BEIJING (Reuters) - Apple Inc's iPhone 6 received regulatory approval for use on domestic frequencies but still requires one more critical licence before it may be sold in the country, the official Xinhua news agency reported on Thursday.
As growth stalls, G20 seeks closure on regulations
SYDNEY (Reuters) - G20 host Australia is leading a push to draw a line under the global financial crisis, urging the group of top economies to swiftly finalize regulations aimed at preventing a repeat of the crash and focus on measures to revive sputtering global growth.
Low take-up for cheap bank credit raises pressure on ECB
FRANKFURT (Reuters) - The European Central Bank saw far less demand than expected on Thursday for its new four-year loans to banks, raising doubts about a stimulus package it hopes will stave off deflation and revive the euro zone economy.
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