330-billion

Fed’s Kaplan urges ‘slow, gradual, careful’ approach on rates

Global headwinds are undercutting the Federal Reserve's efforts to boost the U.S. economy, making low interest rates not nearly as stimulative as they were when the rest of the world economy was growing faster, a top Fed official said on Wednesday. A “slow, gradual, careful” approach to raising interest rates is therefore appropriate as the U.S. central bank deals with this new world of slower growth, Dallas Fed President Robert Kaplan said in a …

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Fed’s Kaplan urges ‘slow, gradual, careful’ approach on rates

330-billion

Teva says Allergan deal to close ‘any time’, expects U.S. antitrust clearance

NEW YORK/TEL AVIV (Reuters) – Teva Pharmaceutical Industries Ltd said on Wednesday it expected its $40 billion deal to buy Allergan Plc's generics business to close “at any time,” even as the companies extended the deadline for completing the transaction to October to allow more time for the U.S. antitrust review. “We …

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Teva says Allergan deal to close ‘any time’, expects U.S. antitrust clearance

330-billion

U.S. posts $6 billion budget surplus in June

The U.S. federal government posted a budget surplus of $6 billion in June, compared with a surplus of $50 billion in the same month a year earlier, the Treasury Department said on Wednesday. Receipts last month totaled $330 billion, while outlays were at $323 billion.

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U.S. posts $6 billion budget surplus in June