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Recession over says economic think tank

posted by annie 863 days ago in GBP, GDP

The first indications that the UK economy emerged out of the recession at the end of last year, a respected economic think-tank said yesterday.

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US unemployment still at 10%

posted by annie 868 days ago in USD, Employment made popular 867 days ago

The US job market saw a shocking 85000 job losses last week, against the 20000 plus drop expected by most of the analysts. But the rate of unemployment has remained at the 10% mark due to many people moving out of the working class.

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Aussie Dollar dips ahead of US jobs data

posted by annie 870 days ago in USD, AUD, Employment made popular 869 days ago

The Australian dollar closed lower after Japan signalled it would weaken its currency, boosting the US dollar ahead of key American employment data.

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House prices up 1.1% in 2009

posted by annie 870 days ago in GBP, Housing made popular 870 days ago

Average UK property prices rose by 1% in December, bringing the annual increase for the while year to 1.1%, according to the Halifax House Price Index.

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Bank of England set to keep interest rates at record lows

posted by annie 873 days ago in GBP, Inflation made popular 873 days ago

The Bank of England is set to keep interest rates at record lows this week as policymakers grapple with “exceptional uncertainties” over inflation and growth.

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Gold bounces back on seasonal demand

posted by annie 875 days ago in Gold, Retail Sales

Gold staged a sharp come-back by gaining Rs 135 to reach Rs 16,950 per 10 gm here on Saturday on a pick up in demand by retailers for the marriage season.

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The Worst May Not Be Over for Europe

posted by annie 876 days ago in EUR

Day by day, fears are growing that Greece or another weak country may default on its sovereign debt obligations, forcing the richer countries in Europe to ride to the rescue or risk having one or more of its most vulnerable members leave the 16-n

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U.K. Delay in Deficit Curbs May Hurt the Pound

posted by annie 877 days ago in GBP, Trade

Richard Lambert, a former Bank of England policy maker now leading the Confederation of British Industry, said any delay in curbing the government’s budget deficit may lift interest rates and depress the pound.

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Five economic reasons why 2010 will be greener

posted by annie 877 days ago in Special

Here are five economic reasons for the
world to become slightly greener in the coming year

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Dollar Weaker on New Home Sales

posted by annie 881 days ago in USD, Housing made popular 881 days ago

Gains after gaining in earlier this week as traders took some weak data from the housing sector to book profits on their positions heading into the Christmas holiday.

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Scarcity of buyers breaks the back of Britain’s housing

posted by annie 881 days ago in GBP, Housing made popular 881 days ago

A lack of new buyers caused a significant setback for the housing market this month, raising the prospect of further falls in house prices next year, according to Hometrack, the property data company.

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Inflation, global factors hold the key

posted by annie 882 days ago in USD, GDP, Inflation made popular 882 days ago

The year 2009 witnessed a major and rather unforeseen recovery in the equity markets. The stock markets have doubled from their March lows, backed by signs of economic recovery globally, the election results, improved industrial production number

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