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Trump budget plan will not cut Social Security, Medicare: Mnuchin

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WASHINGTON President Donald Trump's first budget proposal will not seek cuts in Social Security, Medicare and other entitlement federal benefits programs, U.S. Treasury Secretary Steven Mnuchin said in an interview broadcast on Sunday.

Record-setting stock rally faces test in Trump speech

NEW YORK U.S. President Donald Trump's planned economic agenda has fanned the flames for Wall Street's record-setting run, but some investors worry that his first major address to Congress next week risks dousing it if his plans look slow to execute or are overly vague.

25 Feb 2017

No debt relief for Greece, Germany's deputy finance minister says

BERLIN Greece must not be granted a "bail in" that would involve creditors taking a loss on their loans, Germany's deputy finance minister said in an interview broadcast on Sunday, reiterating the German government's opposition to debt relief for Athens.

3:42pm IST

Euro zone economy: real recovery or another Sirens' song?

LONDON Over the years, euro zone economic growth has been a bit like the Sirens in Homer's Odyssey: singing a song of promise, only to end up pulling you onto the rocks. Will it be different this time?

5:42pm IST

In Puerto Rico, pensions' decline pits retirees against lenders

As Puerto Rico attempts to sort out its tangled financial web, retirees may face bigger cuts than those in past U.S. municipal insolvencies, due in part to an unconventional debt structure that pits pensioners against the very lenders whose money was supposed to sustain them.

10:25pm IST

Tunisia to accelerate reforms as IMF freezes loan: minister

TUNIS Tunisia is likely to sell stakes in three state-owned banks this year and cut up to 10,000 public sector jobs as part of reforms demanded by the International Monetary Fund (IMF), which has postponed the payment of the second tranche of a loan, the finance minister said.

8:16pm IST
World Markets

BRIEF-Mahindra CIE Automotive Dec-qtr PAT rises about 88 pct

* PAT in Dec quarter last year was 58.1 million rupees as per Ind-AS; total revenue was 4.41 billion rupees Source text: (http://bit.ly/2mb2yPA) Further company coverage:

23 Feb 2017

European stocks catch up with bond market jitters as French, German bluechips slide

LONDON, Feb 24 Europe's stocks benchmark fell more than 1 percent on Friday while German and French indexes slid by their most in nearly 5 months as jitters in the bond markets over political risk looked to have spilled over into equities.

European stocks catch up with bond market jitters as French, German bluechips slide

LONDON, Feb 24 Europe's stocks benchmark fell more than 1 percent on Friday while German and French indexes slid by their most in nearly 5 months as jitters in the bond markets over political risk looked to have spilled over into equities.

Hong Kong stocks slide as resource stocks, weak mainland inflows drag

Feb 24 Hong Kong stocks fell for a second day on Friday, as resource firms were hit by weak commodities markets in China and a sharp drop in money inflows from Shanghai.

24 Feb 2017
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