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It's unprecedented the Federal Reserve has given the green light to three Chinese banks to buy American ones.
Kind of biggest bank the industrial and commerce bank of China now has approval to buy the bank and East Asia USA which is based right here in New York.
The bank of China can expand its US operations to Chicago and agricultural bank of China can establish a branch in New York as well how -- well.
The Fed sent officials in teens and bank supervisors to China to assess the health of the regulatory system and China agreed to let -- control up to a 49%.
Stake in its brokerages.
The US economic front some good news for job seekers applications for weekly unemployment benefits fell last week to 367000.
After rising for most of April may is off to a decent start suggesting employers are laying off fewer workers and -- even start hiring them.
Meanwhile the US trade deficit with the rest of the world -- ended march to 51 point eight billion dollars that's the fastest rate in ten months.
Imported goods hit a record high because Americans want -- more foreign oil cars cell phones and close.
And this exports to you -- up.
Reached an all time high despite the region's debt crisis.
Thanks for more on the job market -- on foxbusiness.com.
In New York -- amenity.
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