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Obama promises to create 2.5 million jobs in next two years

posted by ceronueve 1280 days ago in USD, Employment made popular 1279 days ago

US president-elect Barack Obama has promised to create 2.5 million jobs in the next two years.

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Recession threatens 60,000 Scottish jobs

posted by ceronueve 1281 days ago in GBP, Fundamental made popular 1281 days ago

Scotland will face a recession so severe that it could claim up to 60,000 jobs, according to a new report.

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Why buy now if prices are plummeting?

posted by ceronueve 1281 days ago in GBP, Fundamental, Inflation made popular 1281 days ago

Even as recently as August, we were being told by the Bank of England that the real economic risk was inflation, with oil touching $150 a barrel, energy and food bills hitting new heights and commodities charting a similar path.

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Only drastic action now will save us, says Gordon Brown

posted by ceronueve 1281 days ago in GBP, Fundamental made popular 1280 days ago

Britain would face an even more severe recession without the multi-billion-pound tax cut and spending package that will be unveiled on Monday, Gordon Brown said yesterday.

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Europe Stocks Dip to Five-Year Low This Week

posted by ceronueve 1281 days ago in EUR, GBP, Employment made popular 1281 days ago

European stocks had their second- worst week this year as concern deepened that a worsening economy is stifling profits. The region's Dow Jones Stoxx 600 Index slumped 12 percent to a five-year low.

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UK October budget deficit widens

posted by ceronueve 1281 days ago in GBP, Fundamental made popular 1281 days ago

Public sector net borrowing increased in October by £1.4bn in a further sign of deteriorating government finances.

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Sterling suffers, but UK intervention unlikely

posted by ceronueve 1282 days ago in GBP made popular 1282 days ago

By some measures, sterling's recent slide is even greater than the fall in late 1992 when it was ejected from a group of European currencies, but the chances of a repeat rescue attempt from the Bank of England are minimal.

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Fed considers even more rate cuts

posted by ceronueve 1283 days ago in USD, Fundamental, Inflation made popular 1282 days ago

The Fed has lowered its forecasts for economic growth this year as well as the next and has signaled that more rate cuts may be needed.

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UK Real Retail Sales Deflationary Trend Continues

posted by ceronueve 1283 days ago in GBP, Fundamental, Retail Sales made popular 1282 days ago

UK Real Retail Sales Deflationary Trend Continues

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Swiss Trade Surplus Increases In October

posted by ceronueve 1283 days ago in CHF, Trade made popular 1283 days ago

The Swiss trade surplus rose to CHF1.83 billion in October from CHF1.46 billion in September, the Federal Customs Administration announced Thursday. In real terms, exports dropped 8.1% on a yearly basis, while imports slid 4.8%.

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Bank of England gets out machete

posted by ceronueve 1284 days ago in GBP, Fundamental, Inflation made popular 1283 days ago

The benchmark interest rate might have to be cut by more than 2 percentage points, the Bank of England said yesterday, after its forecasts pointed to a deepening recession.

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CBI announces manufacturing confidence at 30 year low

posted by ceronueve 1284 days ago in GBP made popular 1283 days ago

Today's announcement that confidence in the UK manufacturing industry is at a 30 year low is yet another knock for an industry which has been under pressure for over a decade.

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