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The Federal Reserve Bank
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Worldsteel Expects Apparent Steel Consumption in The US to Deliver a Return to Growth
Apr 15, 2014The World Steel Association (worldsteel) expects apparent steel consumption in the US to deliver a return to growth and recovery in 2014-2015, after a decrease of 0.6 percent in 2013, according to its short range outlook. Worldsteel ...
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The Unrelenting Winter of 2014 Delivered Another Massive Storm Last Week
Feb 17, 2014The unrelenting winter of 2014 delivered another massive storm last week, bringing with it more economic uncertainty and higher fuel prices. For the second time in less than a month, much of the southeastern United States battled a major ...
Tags: Transportation, Logistics
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Manufacturing Activity Expanded in January to The Highest Level in More Than a Year
Jan 15, 2014Manufacturing activity in the New York region expanded in January to the highest level in more than a year, the Federal Reserve Bank of New York said Jan. 15. The "Empire State Index," generally the first economic indicator in a given ...
Tags: Transportation
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For Centuries, Trading with Raw Material Has Been an Integral Part of Economic Life.
Aug 27, 2013For centuries, trading with raw material has been an integral part of economic life. Stock exchanges started everywhere and eventually developed into the stock exchanges that exist today, dealing with shares, too. The first stock exchange ...
Tags: Raw Material, Textile
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Oil Prices Went up Thursday as Unrest in Egypt Bolstered Concerns That Oil Supplies
Aug 21, 2013Oil prices went up Thursday as unrest in Egypt bolstered concerns that oil supplies from Middle East may be disrupted. The Middle East accounted for 35 percent of global oil output, according to the International Energy Agency. Egypt ...
Tags: Oil, Metallurgy, Mineral, Energy
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McCarthy Building Cos. Might Soon Reach a Negotiated Settlement in Their Dispute
Aug 19, 2013The Federal Reserve Bank of St. Louis and McCarthy Building Cos. might soon reach a negotiated settlement in their dispute over the allegedly defective windows the building contractor had installed five years ago. The Federal Reserve Bank ...
Tags: McCarthy Building
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Growth in Home Sales and Prices Contributes to a Broader Improvement in Overall Economy
May 20, 2013Growth in home sales and prices is contributing to a broader improvement in the overall economy, aided in part by current homeownership tax treatment, according to presentations at a residential real estate forum during the Realtors Midyear ...
Tags: Housing, Economy, Construction&Decoration, mortgage interest
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Texas' Petrochemical Industry Will Export 33% More Ethylene and Finished Plastics Overseas
Jan 4, 2013Fueled by cheap natural gas liquids from the Eagle Ford Shale -- primarily ethane -- Texas' petrochemical industry will export 33% more ethylene and more finished plastics overseas by 2017, a report by the Federal Reserve Bank of Dallas ...
Tags: natural gas liquids, Texas, petrochemical industry, natural gas stream
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Avery Dennison BOD Is Appointed by Anthony Anderson
Dec 10, 2012Avery Dennison Corporation announced that its board of directors has elected Anthony K.Anderson a director,effective December 6,2012. Anderson,57,joins the Avery Dennison board after a 35-year career with Ernst&Young LLP,the global ...
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AIG Is Likely to Purchase $5bn of The Stock at The Initial Public Offering Price
Dec 6, 2012The US Department of the Treasury has launched an underwritten public offering of $18bn of its American International Group (AIG) common stock, of which AIG is likely to purchase $5bn of the stock at the initial public offering price. The ...
Tags: Treasury, American International Group, underwriters, sale of securities
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New York Fed Has Completed The Sale of The Remaining Securities in The Maiden Lane III
Dec 4, 2012The Federal Reserve Bank of New York (New York Fed) has completed the sale of the remaining securities in the Maiden Lane III (ML III) portfolio. The apex banking regulator said that it garnered a net gain for the benefit of the public of ...
Tags: New York Fed, remaining securities, Maiden Lane III, finance
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New York Life Insurance Appointed Money Management Executive Gerald Smith as a New Member
Dec 3, 2012New York Life Insurance Company has appointed money management executive Gerald Smith as a new member of the company’s board of directors, effective from 1 November 2012. Smith currently serves as chairman and CEO at his co-founded ...
Tags: New York Life Insurance, money management executive, Gerald Smith
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Bids Will Be Accepted by The Federal Bank for Securities in Collateralized Debt Obligation
Dec 3, 2012The Federal Reserve Bank of New York is all set to dispose more than $7bn in face value of “toxic” securities related to the government bailout of American International Group (AIG). The central bank of the US has planned to ...
Tags: NY Fed, face value, government bailout, insurance, AIG
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The Bank of Israel Is Using Google Search Data to Find Clues
Aug 3, 2012The Bank of Israel is using Google search data to find clues to the state of the Israeli economy,analysing keyword counts reported by Google,before it releases its own official statistics. And the Bank of England,the Federal Reserve in ...
Tags: central bank, Google, economy
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New York Has Sold Over $4bn of Packaged Mortgage Debt
Jun 27, 2012The Federal Reserve Bank of New York has sold over $4bn of packaged mortgage debt, further reducing a portfolio of assets associated with the bailout of Dutch insurer American International Group (AIG). Since the sales of the securities ...