How the major stock indexes fared on Wednesday (AP)
August 27th, 2009 | 
Author: AP – Stocks edged higher after zigzagging in a tight range Wednesday.
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- US budget deficit was record high in Feb at US$220.9b, led by a 17% jump in govt spending at US$328.4b, setting a record 17th red mth..
- China's industrial output expanded by 20.7% in Jan-Feb from a year ago; retail sales rose 17.9% and inflation climbed to 2.7% in Feb.
- Any rise in the yuan's exchange rate will be gradual, said China's trade chief in comments
- Europe's economic recovery has stalled. GDP for 16 eurozone nations was a meagre 0.1% in Q4 compared to 0.4% in Q3.
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