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GE sees LatAm, Middle East outpacing Asia in 2012

By Jeb Blount / Reuters RIO DE JANEIRO: General Electric Co expects its sales growth in resource-rich countries in Latin America and the Middle East to outpace that in China and Asia, which has been a major focus for the largest US conglomerate. The world’s biggest maker of jet engines and electric turbines has stepped up …

DNE

G20 alert to economic threat from rising oil prices

By Michael O’Boyle and Glenn Somerville / Reuters MEXICO CITY: The world’s leading economies said on Sunday they were “alert to the risks of higher oil prices” and discussed at length the impact that sanctions on Iran will have on crude supplies and global growth. Finance ministers and central bankers from the Group of 20 said in …

DNE

IMF sounds warning for global economy on rising oil

By Reuters MEXICO CITY: The International Monetary Fund flagged higher oil prices as a rising threat to the global economy on Friday, urging policymakers to keep a close eye on western tensions with Iran, which is facing punitive measures against its crude supplies. Looming US sanctions on Iran’s oil buyers, as well as an impending …

DNE

Good and bad deficits

By Robert Skidelsky LONDON: “Deficits are always bad,” thunder fiscal hawks. Not so, replies strategic investment analyst H. Wood Brock in an interesting new book, The American Gridlock. A proper assessment, Brock argues, depends on the “composition and quality of total government spending.” Government deficits incurred on current spending for services or transfers are bad, because …

DNE

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