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Business : Page 1346

WTO rules against China on rare earth export restrictions
Rare earthMarch 27, 2014 ET
The World Trade Organization Wednesday ruled against China, finding its export restrictions on rare earth materials to be "inconsistent" with WTO rules, a decision that favored the case made by the United States, the European Union and Japan.
Governor Quinn calls for $6 billion increase in classroom spending
Pat QuinnMarch 26, 2014 ET
Governor Pat Quinn proposed his Fiscal Year 2015 Budget "Securing Illinois' Financial Future." The state's discretionary spending is below 2008 levels and Governor Quinn turned to long-term future.
Employment increased in 286 of the 334 largest U.S. counties
U.S. employmentMarch 26, 2014 ET
From September 2012 to September 2013, employment increased in 286 of the 334 largest U.S. counties, the U.S. Bureau of Labor Statistics reported. Fort Bend, Texas, had the largest increase, with a gain of 6 percent over the year, compared with national job growth of 1.7 percent.
Emerging market M&A deal volume at record low
Mergers and acquisitionsMarch 26, 2014 ET
Mergers and acquisitions (M&S) activity among developed and emerging markets fell to a record low in 2013, dropping 17.3 percent versus the prior year due to still fragile economic growth and rising political unrest, a new KPMG survey showed.
China's manufacturing contracted in March
ChinaMarch 26, 2014 ET
China's manufacturing sector showed further contraction in March, according to a report which mainly tracks activity in smaller factories. The HSBC Purchasing Managers' Index (PMI) gave a reading of 48.1 for March, compared to 48.5 in February.
Brazilian trade balance shows deficit again
BrazilMarch 26, 2014 ET
After showing a surplus of $401 million in the first eight weekdays in March, Brazilian trade balance was again in deficit last week, according to the Ministry of Development, Industry and Foreign Trade (MDIC).
Iraq's economy made progress
Iraq economyMarch 26, 2014 ET
Despite a decline in oil output, Iraq grew in 2013, kept inflation at bay, and raised its U.S. dollar foreign exchange, according to a report by a mission of the International Monetary Fund (IMF).
Austria records higher unemployment rate in 2013
Austria unemploymentMarch 26, 2014 ET
The Austrian unemployment rate increased 0.6 percent in 2013, with a corresponding rise in part-time employment, Statistics Austria revealed in a press release.
Central Bank: Brazil reacts to challenges
BrazilMarch 26, 2014 ET
Brazil has responded to the challenges at an international level in a classical and sturdy way, said the Central Bank (BC), in reply to the lowering of Brazil's ratings by the credit ratings agency Standard and Poor's (S&P).
The largest investment in The Illinois Tollway's history
Illinois TollwayMarch 25, 2014 ET
The Illinois Tollway will invest $1.4 billion in transportation improvements in 2014, the largest one-year infrastructure investment in the agency's history.
Governor Dayton enacts $508 million in tax cuts
MinnesotaMarch 25, 2014 ET
Governor Mark Dayton signed legislation cutting taxes for middle class Minnesotans and businesses. Because the Legislature acted quickly to pass the bill, many Minnesotans will see immediate tax savings during the current tax filing season.
Construction recovery beginning to accelerate
Construction industryMarch 25, 2014 ET
The construction industry believes that the construction market recovery that picked up pace in 2013 will continue to show meaningful gains, according to a survey in the Engineering News-Record (ENR) magazine and the website McGraw Hill Construction.

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