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Euro falls to 4-1/2 year low against dollar after ECB chief hints at stimulus

LONDON - The euro slid to a 4-1/2 year low against the dollar on Friday after the head of the European Central Bank hinted at plans to fight alarmingly low inflation across Europe.
FDIC suit says 16 big banks rigged key rate

The Federal Deposit Insurance Corp. has sued 16 big banks that set a key global interest rate, accusing them of fraud and conspiring to keep the rate low to enrich themselves.
Jobs report to help show whether US economy is for real

...the holiday shopping season."The momentum looks strong," said Chris Rupkey, the chief economist at the Bank of Tokyo-Mitsubishi.Encouraging as the latest figures are, hopes for a robust finish to 2013 hinge on strong hiring. And that...
Fed considers tightening credit

...this year.The minutes don't identify what the individual Fed policymakers said.Economist Chris Rupkey at Bank of Tokyo-Mitsubishi UFJ said the Fed could start boosting interest rates near the end of this year. Fed policymakers "are back...
Economy is looking up as year ends

...months should be the best."Things are looking up," says Chris Rupkey, chief financial economist at the Bank of Tokyo-Mitsubishi UFJ.When The Associated Press surveyed 43 economists in August, they pegged the likelihood of another recession...
Report eases worries of slide

...At the moment, we can rule out a double-dip for the economy," Chris Rupkey, the chief economist at Bank of Tokyo-Mitsubishi, said Thursday. "Things look better than they have in several weeks, and there is no danger of a new downturn...
Economy adds jobs at fastest pace in 3 years

...encouraged and starting to look for work."This recovery is for real," said Chris Rupkey, the economist at the Bank of Tokyo-Mitsubishi.The economy added 162,000 jobs for the month. About a third of the gains came from the census, with much...
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American, partners boost JAL support offer reports. Transport minister Seiji Maehara met Tuesday with JAL's major creditor banks, including the Bank of Tokyo-Mitsubishi UFJ Ltd. and Sumitomo Mitsui Banking Corp., and said they intend to cooperate with the rehabilitation plan...
Scandal-plagued Mitsubishi Motors carries out pay cuts

TOKYO -- Shaken by a cover-up scandal and a spate of recalls, Mitsubishi Motors Corp. on Wednesday said it will slash paychecks and reduce other costs to make up for an expected plunge in car sales.
Retailers aim to limit discounting this holiday season warm weather that has made winter apparel less appealing, according to Michael Niemira, vice president of Bank of Tokyo-Mitsubishi Ltd. In fact, stores worried about the sales pace are entering the season with inventories that average 7 percent...