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G20 MEETING Dollar losses unevenly distributed - IMF's Strauss-Kahn ...
18 Nov 2007 source: iii.co.uk

KLEINMOND, South Africa (Thomson Financial) - The IMF's managing director Dominique Strauss-Kahn think the dollar's losses over recent months have not been distributed evenly in currency markets. Speaking on the sidelines of this weekend's G20 meeting of finance ministers and central bankers, Strauss-Kahn said the dollar's fall is a perfectly natural response given the US' economic performance an ...


Gold up on oil price rises, dollar weakness; but falls expected before year-end ...
14 Nov 2007 source: iii.co.uk

LONDON (Thomson Financial) - Gold prices moved higher, benefiting from higher oil prices, which increase the risk of inflation, and more investment flows as a result of the softer US dollar. Gold moves in line with energy prices, as investors hedge against inflation, and the precious metal moves in the opposite direction to the dollar as it is seen as an alternative asset. At 12.49 pm, spot gold ...


Forex - Pound steadies out at weaker levels after BoE inflation report ...
14 Nov 2007 source: iii.co.uk

LONDON (Thomson Financial) - The pound steadied out at significantly weaker levels against major currencies following a dovish Bank of England inflation report, which gave a clear hint UK interest rates will need to fall. The euro, meanwhile, was supported by buoyant growth figures that backed up recent firm inflation data, supporting the view that euro zone interest rates -- unlike those in the  ...


DATAWATCH Hungary central bank faces tough choice as GDP growth worsens ...
14 Nov 2007 source: iii.co.uk

BUDAPEST (Thomson Financial) - Hungary's central bank will have to choose between fighting growing inflation or boosting a flagging local economy when it decides later this month whether to lower the country's high financing costs. Hungary's economy growth slowed to an 11-year low of 1.0 pct growth in annual terms in the third quarter, down from 1.2 pct in the second quarter and below expectation ...


Polish Oct inflation jumps to 3 pct, in line with finance ministry forecast ...
14 Nov 2007 source: iii.co.uk

WARSAW (Thomson Financial) - Polish consumer price inflation jumped to 3.0 pct year-on-year in October from 2.3 pct a month earlier, just above market expectations of 2.9 pct but in line with a finance ministry forecast, statistics office data showed today. The office said consumer prices rose 0.6 pct month-on-month. The office's data also showed prices of cigarettes, food and non-alcoholic drin ...


US Fed will make 4 economic forecasts per year, add overall inflation to outlook ...
14 Nov 2007 source: iii.co.uk

WASHINGTON (Thomson Financial) - The Federal Reserve will make four economic forecasts each year, up from the current two, and expand the content of those forecasts to include overall inflation, Fed chairman Ben Bernanke said today. The goal is for Fed officials to "provide the public with greater and more timely insight into the Federal Open Market Committee's views of the economic outlook  ...


Fed to beef up its economic forecasts
14 Nov 2007 source: iii.co.uk

WASHINGTON (AP) - The Federal Reserve will issue more economic forecasts each year, provide more information in them and take other steps to improve the central bank's communications with Wall Street and Main Street, Fed Chairman Ben Bernanke announced Wednesday. Specifically, the Fed's economic projections will be released four times a year, rather than the current twice a year. The projection h ...


Retail sales up only 0.2 percent
14 Nov 2007 source: iii.co.uk

WASHINGTON (AP) - Retail sales managed a small increase in October as consumers struggled with a steep slump in housing, tighter credit conditions and soaring energy costs. The Commerce Department reported Wednesday that retail sales edged up 0.2 percent in October compared to the previous month. It was the weakest showing since a 0.1 percent rise in August and represented a significant slowd ...


Credit card hike complaints reap rewards
14 Nov 2007 source: thisismoney.co.uk

Guy Anker, Daily Mail14 November 2007 Chat | Vote | Guide | Calculate Credit card firms continue to increase interest rates for borrowers who have never put a foot wrong. WANT TO KNOW MORE? Don't get caught by the credit card crunch Credit card charges soar as firms tighten the screw Shock rises in credit card fees POLL: Should there be a limit on the interest rate lenders can charge ...


UK unemployment total increases
14 Nov 2007 source: bbc.co.uk

The number of unemployed people in the UK increased by 6,000 between July and September to 1.67 million, official figures have shown. But the number of people claiming unemployment benefit fell by 9,900 in October to 824,800, the Office for National Statistics said. The fall in the claimant count was more than forecast by analysts. Average earnings rose 4.1% in the three months to September compared with a year ago, the fastest pace since March. The rise in average earnings, including bonuse ...


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