Logo of the United States Bureau of Economic Analysis, a part of the Department of Commerce. (Photo credit: Wikipedia). Economic growth is up while jobless claims are down, according to new economic data released Thursday morning.
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image HONG KONG: Asian markets mostly fell on Friday after better-than-forecast US growth data added to expectations the Federal Reserve will start to wind down its stimulus programme as early as this month.
The S&P 500 Index and the Dow Jones Industrial Average both closed last week just below fresh highs hit on Thursday, and the Nasdaq finished out the week at a 13-year high, trading above 4,000 for the first time since September 2000.
Japanese Prime Minister Shinzo Abe called for a summit with Chinese President Xi Jinping to reset relations after an escalation in bilateral tensions, invoking a 2006 visit to Beijing during his first administration.
(Reuters) - The city of Los Angeles has filed a lawsuit against Citigroup (C.N) and Wells Fargo (WFC.N), seeking damages for a loss in tax revenue due to discriminatory mortgage lending to the city's minority communities, a court filing showed.