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US Labour Department News

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"Infosys fully cooperated with the (Department of Labor) in this activity," the company told Reuters in a statement, noting the company was confident from the start that it had complied with US immigration laws.
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The Fed`s preferred inflation measure, the personal consumption expenditures price index, rose 0.3 percent in March year-over-year, while the core PCE price index was up a modest 1.3 percent.
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Tokyo`s Nikkei jumped 1.3 percent, while Hong Kong shares rose 0.3 percent, as pro-democracy activists scaled down protests.
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The Labor Department said on Wednesday its Consumer Price Index dropped 0.2 percent last month as a broad decline in energy prices offset increases in food and shelter costs. 
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The US Labor Department said on Thursday that initial jobless claims totaled 312,000 in the week ending June 21.
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US Treasuries` prices fell on the CPI data, which analysts said may give the Fed more confidence in quickening an end of its extremely low interest rate regime.






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