News Category : Economy

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Economy
Eurozone economy grows slower at 0.3% as French Economy Flat lines.
NEWS RELEASE Eurozone economy grows slower at 0.3% as French Economy Flat lines.

The first estimate from Eurostat marks a slight slowdown from the 0.4% registered in the first quarter. The statistics agency also announced that inflation in the eurozone was 0.2% in July, unc....

@LubeStudio
2 yearss ago
Economy
For a Third Day Running, China set yuan currency lower to bolster economy
NEWS RELEASE For a Third Day Running, China set yuan currency lower to bolster economy

But Thursday's rate of 1% down against the dollar was a smaller margin than the shock cuts earlier in the week. The bank had on Tuesday announced it would start setting the daily rate based....

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2 yearss ago
Economy
UK jobless total rises by 25,000 compared to previous quarter
NEWS RELEASE UK jobless total rises by 25,000 compared to previous quarter

The jobless total had also risen in the three months to May, and it is the first time in two years that there have been two consecutive rises. The Office for National Statistics (ONS) figures a....

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2 yearss ago
Economy
China's central Bank devalues yuan currency for a second day running
NEWS RELEASE China's central Bank devalues yuan currency for a second day running

The move sent fresh shockwaves through Asian markets, but the bank has sought to calm fears, saying it was not the start of a sustained depreciation. The yuan fell another 1% on Wednesday, mark....

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2 yearss ago
Economy
Greece Agrees bailout deal with creditors 'in principle' the European Commission says
NEWS RELEASE Greece Agrees bailout deal with creditors 'in principle' the European Commission says

The Commission said a technical agreement had been reached with Greece, which now requires political approval. Earlier, Greece's finance minister Euclid Tsakalotos had said "two or thr....

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2 yearss ago
Economy
China’s Central Bank devalues yuan currency to three-year low against the dollar amid a string of weak economic data
NEWS RELEASE China’s Central Bank devalues yuan currency to three-year low against the dollar amid a string of weak economic data

The lender said the move was a "one-off depreciation" of 1.9% in a move to make the exchange rate more market-oriented. It comes in the wake of a string of weak economic data from the....

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2 yearss ago
Economy
China's inflation rate hits annual high of 1.6% in July, despite still missing government target
NEWS RELEASE China's inflation rate hits annual high of 1.6% in July, despite still missing government target

The rate edged up to 1.6% from 1.4% the month before because of rising food prices, the government said. Producer prices, which include wholesale and factory price inflation, fell for the 40th ....

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2 yearss ago
Economy
Robust US economy adds 215,000 jobs in July while unemployment remains at 5.3%
NEWS RELEASE Robust US economy adds 215,000 jobs in July while unemployment remains at 5.3%

The Bureau of Labor Statistics said job gains came in retail trade, health care, professional and technical services, and financial activities. The jobs figures are a seen as a significant gaug....

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2 yearss ago
Economy
'Foolish to pre-announce' rate rise date,  BoE's Deputy Broadbent says
NEWS RELEASE 'Foolish to pre-announce' rate rise date, BoE's Deputy Broadbent says

On Thursday, the Bank's Monetary Policy Committee voted to keep interest rates at their current historic low of 0.5%. Deputy governor Ben Broadbent said the Committee had no specific time i....

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2 yearss ago
Economy
China shares register solid gains amid reports of more funding measures
NEWS RELEASE China shares register solid gains amid reports of more funding measures

The agency tasked with buying stocks to prop up the market is looking for another $322bn (£207bn) in funds, according to Bloomberg. Local reports also said that close to 300 Chinese funds....

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2 yearss ago
Economy
UK interest rates Remain at record low after Bank of England's Monetary Policy Committee Vote
NEWS RELEASE UK interest rates Remain at record low after Bank of England's Monetary Policy Committee Vote

MPC members voted 8-1 to keep rates on hold, with only Ian McCafferty voting to raise rates. The decision marks the 78th consecutive month of record-low interest rates. In its report, it said t....

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2 yearss ago
Economy
Drop in oil, gas and mining production drag UK industrial output down in June
NEWS RELEASE Drop in oil, gas and mining production drag UK industrial output down in June

The ONS blamed part of the fall on maintenance in a major oil field. Compared with a year ago, total production output is estimated to have increased by 1.5%. Output from the manufacturing s....

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2 yearss ago
Economy
Super Thursday News from Bank of England Push Pound Lower following statement
NEWS RELEASE Super Thursday News from Bank of England Push Pound Lower following statement

Policymakers voted 8-1 to hold rates and the Bank said the outlook for inflation was "muted". The pound fell more than a cent against the dollar to $1.5493, and was down one euro cent....

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2 yearss ago
Economy
New Super Thursday of Economic Data Keeps Markets on Alert with all eyes on MPC
NEWS RELEASE New Super Thursday of Economic Data Keeps Markets on Alert with all eyes on MPC

From this Thursday, the monthly rate decision and the minutes of the Bank's Monetary Policy Committee (MPC) meeting will be released together, without the normal fortnightly gap. Many see t....

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2 yearss ago
Economy
Greek bank shares falling sharply on third day in Athens trading continuing the trend since reopening on Monday
NEWS RELEASE Greek bank shares falling sharply on third day in Athens trading continuing the trend since reopening on Monday

The banking sector share index fell 25%, after falling by about 30% on both Monday and Tuesday. Individual shares are not allowed to drop by more than 30% in one day on the Athens market. Ov....

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2 yearss ago
Economy
Global economic growth Set to slow to financial crisis levels of 2008, NIESR predicts
NEWS RELEASE Global economic growth Set to slow to financial crisis levels of 2008, NIESR predicts

The think tank cut its 2015 forecast to 3.0% from the 3.2% it predicted in May. It has cut growth forecasts for the US and many emerging market economies, although its forecast for the eurozone....

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2 yearss ago
Economy
Greek shares forecast to dip 20% as stock exchange reopens following a five-week closure
NEWS RELEASE Greek shares forecast to dip 20% as stock exchange reopens following a five-week closure

The bourse was shut just before the Greek government imposed capital controls at the height of the debt crisis. Traders said they expect sharp losses as a result of pent-up trading and fears ab....

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2 yearss ago
Economy
U.K. Government may begin Sale of Stake in RBS from Monday
NEWS RELEASE U.K. Government may begin Sale of Stake in RBS from Monday

The Treasury could begin the process of selling part of the government's stake in Royal Bank of Scotland from Monday, according to BBC sources. UK Financial Investments, through which the T....

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2 yearss ago
Economy
Swiss central bank takes a 50bn Swiss franc Hit amid soaring value of currency
NEWS RELEASE Swiss central bank takes a 50bn Swiss franc Hit amid soaring value of currency

The bank, which is owned by the Swiss federal government, said the loss could affect its ability to pay a dividend this year. Those dividends are traditionally used to pay for public services. ....

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2 yearss ago
Economy
US economic growth picks up to 2.3% official figures have shown.
NEWS RELEASE US economic growth picks up to 2.3% official figures have shown.

The figure - the first estimate of growth in the second quarter - followed an upwardly revised growth rate of 0.6% in the first three months of the year. The Commerce Department said growth was....

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2 yearss ago
Economy
Strong Bounce back for Chinese shares ending three-day losing streak after state intervention
NEWS RELEASE Strong Bounce back for Chinese shares ending three-day losing streak after state intervention

The benchmark Shanghai Composite closed 3.4% higher at 3,789.17 - ending a three-day slide that included an 8% plunge on Monday. Authorities tried to calm markets with a probe into illegal shar....

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2 yearss ago
Economy
Chinese Government intervention gives no respite as shares continue to slide following massive sell-off
NEWS RELEASE Chinese Government intervention gives no respite as shares continue to slide following massive sell-off

The Shanghai Composite fell a further 1.7% to 3,663.00, having sunk 8.5% on Monday - its biggest drop in eight years. China has tried to calm investors by reassuring it will implement prudent m....

@LubeStudio
2 yearss ago
Economy
UK economic growth accelerates to 0.7% in second quarter driven by big jump in oil and gas production
NEWS RELEASE UK economic growth accelerates to 0.7% in second quarter driven by big jump in oil and gas production

The UK's economy grew by an estimated 0.7% in the April to June period, the Office for National Statistics (ONS) said. That compared with growth of 0.4% in the first quarter of the year. ....

@LubeStudio
2 yearss ago

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