Oil prices slip as inventories rise and demand eyed
Prices dipped briefly below 53 dollars a barrel after the U S government reported a 5.4 million barrel rise in crude stockpiles to 314.7 million, with gasoline and distillate supplies shifting. Brent and Nymex futures eased while refinery runs hovered around 91 percent and imports averaged 10.2 million barrels daily.
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U.S
OPEC
New York Mercantile Exchange
International Petroleum Exchange
London
U.S. Energy Department
Carl Larry
Barclays Capital
New York
Larry
Economy ends 2004 with momentum boosting job outlook
The 2004 GDP grew 3.8 percent in Q4, matching prior estimates and signaling a solid finish to the year. Wall Street rallied as investors welcomed steadier growth, while economists forecast stronger job gains in early 2005. Bush policy aims and Fed rate moves frame inflation risks, with 1.7 percent Q4 inflation.
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Washington
Wall Street
Commerce Department
United States
Anthony Chan
JP Morgan Asset Management
Dow
Ken Mayland
ClearView Economics
Bush
Federal Reserve
Fed
Regulators Seek Guidance Over Money Services Banking Access
Federal regulators voiced concern that check cashers money transmitters and other money services firms are losing banking access due to scrutiny and fear of regulation. A joint statement by Fed FDIC FinCEN OCC OTS and NCUA said guidance will be issued soon to address the issue with a date possibly by late April.
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Washington
Federal
The
Federal Reserve
Federal Deposit Insurance Corp
Financial Crimes Enforcement Network
Office of the Comptroller of the Currency
Office of Thrift Supervision
National Credit Union Administration
John Byrne
American Bankers Association
Center For Regulatory Compliance
Bush seeks two year extension of fast track trade authority
President Bush asks Congress to extend the fast track authority for two more years through July 1 2007 to wrap up several U S trade deals and a 148 nation pact. The extension would auto renew unless Congress rejects it amid debates over deficits and free trade policy.
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Congress
Washington
U.S
Capitol Hill
House
Senate
World Trade Organization
U.S. cites nations for unfair trade barriers report
The Bush administration named 61 countries and groups in a 672 page study led by China Japan and the European Union alleging substantial trade barriers harming U.S. manufacturers and farmers. It urges negotiations and possible World Trade Organization action to correct practices including China’s IP theft and currency linkage.
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Washington
China
Japan
European Union
Bush
U.S
World Trade Organization
United States
WTO
Peter Allgeier
Congress
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