Latest and Breaking Economics News and Top Stories - July 3
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No change... no change. Draghi's back and, just like RBA's Stevens last night, is ready to talk (but not jawbone) his currency down; explaining that any day now we might - just might - unleash a treaty-busting monetization of more debt t...
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While up until now the virtual war between Saudi Arabia, openly calling for the ouster of Iraq's Maliki (whose words in retaliation were just as harsh ) was primarily of words, things appear to be escalating on that front too following a...
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A change in EU rules allowed Ireland to revise up last year's disappointing economic performance.
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Growth follows solid figures for manufacturing and construction industries and suggests economic recovery is speeding up Britain's service sector is gearing up for a strong second half to the year following a surge in new orders last mon...
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Courtesy of RanSquawk , here is a summary of what the Street expects will happen today. Keep in mind, following yesterday's ADP blowout number (always wrong, yet still somehow having credibility), the whisper number is about 30-40K highe...
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Rising house prices are a problem that has spread in the UK, the risk they pose to the economy grows greater the more they outpace incomes.
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The Alliance for Rural Democracy says the government has not budgeted enough money to deal with the expected number of new land claims.
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The Economic Freedom Fighters has no intention of forming its own trade union and is encouraging its members to join union Amcu, says leader Julius Malema.
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Unleashing of pent up demand and overall bullish business sentiments driving growth.
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Rolling coverage of Labour's Inclusive Prosperity conference, hosted by Policy Network, including Ed Miliband's speech 12.54pm BST Sajid Javid , the Conservative culture secretary, has put out this statement about Ed Miliband's speech. I...
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It adds that Scotland will struggle with heavy debt and dwindling oil revenues
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Unlike a month ago, this time there are no NIRP announcement fireworks from the ECB which just announced it kept all rates unchanged, with the main refinancing operation rate flat at 0.15%, while the deposit facility continues its existe...
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The European Central Bank (ECB) leaves interest rates unchanged, a month after it cut rates as part of measures aimed at stimulating the eurozone economy.
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Obama Decries Big Bonuses at Bank Trading Desks as Risky ( BBG ) India central bank seeks to swap gold to improve reserves quality ( Reuters ) There goes Q3 GDP: Arthur Strengthens to Become First Atlantic Hurricane ( BBG ) Airport...
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Big data has incredible power. It also has limitations not everyone understands. (Try our Twitter quiz and see.)
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There is far less on the ECB table today compared to a month ago when expectations were massive and Draghi didn't fail to satisfy (with the usual set of half-baked, non-existant programs a la the OMT which still doesn't technically exist...
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Once again, US equity futures are roughly unchanged (while Treasurys have seen a surprising overnight bid coming out of Asia) ahead of an avalanche of macroeconomic news both in Europe, where the ECB will deliver its monthly message, and...
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(Reuters) - A faster rise in house prices than in income poses a risk for Britain's financial system, a top Bank of England policymaker said on Thursday. When asked what the biggest risk to the financial system was at the moment, Jon Cun...
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Russian fast food chain offering Czar cheeseburger to open branch in Crimea capital.
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Attention will turn to the details of the European Central Bank's new stimulus measures when the ECB meets, as the dust settles.
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Mineral Resources Minister Ngoako Ramatlhodi has issued a warning that mines found guilty of non-compliance risk losing their licences.
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LONDON (Reuters) - Euro zone firms expanded at their slowest rate in six months in June while cutting the prices they charge, surveys showed, signalling business conditions remain tricky as monetary...
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UK chancellor asked: what's seven times eight? But declines to answer.
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Markit's PMI readings for the single currency in June show slowest growth since last year
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The problem is the basic tax exemption limit of Rs 2 lakh - when distilled on a per head basis in a family of five - is hardly higher than the daily wage a NREGA wage earner gets. This is, of course, assuming there is only one taxpayer/e...
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Obama worked for minimum wage or close to it, scooping ice cream and waiting tables. These eight former Presidents also started at the bottom before they took the highest office.
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Workers' wages peak in their late 30s, official data shows, unlike the mid-1970s when people were paid the most when they were aged in their late 20s.
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There seems to be a difference this 'strike season' in that workers seem more determined to win their demands, says Terry Bell in his weekly Labour Wrap.
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Those who joined the workforce in 1975 have suffered the biggest wage falls during the financial crisis People who started work in Britain in the 1970s have fared worse in pay terms over their careers than those starting out in the 1990s...
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IN THE run-up to the financial crisis, some of the most prescient warnings came from Bill White, the economist at the Bank for International Settlements. The BIS is sounding the alarm bells today, and once again its message is unwelcome....
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Five years after the Great Recession ended, most states still haven't regained all the jobs they lost, even though the nation as a whole has.
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The UK service sector continued to grow at a steady pace in June, a survey suggests, with employment rising at a record rate.
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HSBC/Markit services PMI bounces back indicating gathering momentum in economy.
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Another solid PMI reading for UK service sector suggests GDP to hit all-time-high.
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Gazprom said gas flows to Europe steady on Thursday.
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Employment growth at record high, suggesting UK economy on course to record another strong quarter of growth
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The report comes out a day earlier than normal because of the July 4 holiday. The job market has been racking up healthy gains this year, and the latest report is expected to show continued growth.
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Raising interest rates is the Bank of England's last line of defence against asset price bubbles, says its chief economist, Andy Haldane.
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WASHINGTON (Reuters) - U.S. employment growth is expected to have continued at a solid clip in June, which would further dispel fears about the economy's health and underscore its momentum heading...
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Weak monsoon so far this year and dim forecasts increase inflation and growth concerns in India.
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An interim agreement set in November will expire on July 20.
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The Social Market Foundation says educational achievement is a major contributor to the difference.
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Libyan rebels return Ras Lanuf and Es Sider oil terminals to government after year-long standoff.
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The German parliament approves the country's first minimum wage, in a vote in the Bundestag on Thursday
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Eurozone business expanded at the slowest rate in six months in June, but new orders poured in at the fastest pace in over three years, a survey shows.
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South Africa's private sector has contracted slightly in June, reflecting the impact of a protracted strike in the mining sector.
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The SA National Roads Agency Limited is blaming Gauteng Premier David Makhura for the lack of interest from investors in its bond auction, a report says.
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Germany's lower house of parliament is set to approve a controversial nationwide minimum wage despite last-minute disputes.
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The Business Secretary Vince Cable says creative industries play a key role in the UK economy.
