Economy News
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The U.S. may be on the cusp of a recession for the first time in more than two years.
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New Jersey resident Chris Walsh is making a 20-hour trek to the Rugby World Cup in New Zealand this month. With the kiwi dollar near a record, he’s had to leave some friends behind.
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Russian companies were shut out of eastern European markets after the fall of the Iron Curtain. The debt crisis is now offering them a new opportunity to break back into the region.
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The cost of insuring Japan’s largest lenders’ bonds is falling more than for any domestic company after the Moody’s Investors Service downgrade of the nation’s credit rating sent bank credit-default swaps to a record.
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