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  • US GDP Dips Despite Signs of Economic Pickup

    April 27, 2012 - no Comments

    30According to US Commerce Department figures, US economic activity expanded worse than anticipated.  For the first quarter of 2012, the world’s largest economy expanded at a 2.2% annualized pace, slower

  • Spain Outlook Cut, Euro Plunges

    April 27, 2012 - no Comments

    30For the second time this year, global credit agency Standard and Poor’s has cut Spain’s sovereign credit rating.  Although widely expected, the timing of the announcement took traders a bit