Finance & Economics

Retail sales boom in UK warm weather

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Surprise warm weather in March gave a boost to non-food retail sales particularly clothing, footwear and garden...

Rally in investor interest to see gold reach $2,000 mark

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Resurfacing fears over Eurozone sovereign debt, particularly Spain's creditworthiness, is expected to see investors...

Dip in small business sentiments in March

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Small business owners in the US have expressed a dip in sentiments and outlook that could result in fewer job...

Strong possibility of commodity prices falling, warns IMF

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Given the fragile global economy, there is a strong possibility of a significant fall in commodity prices over 2012-...

March inflation in China rises more than expected to 3.6 per cent

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As food prices remained volatile and fuel prices rose, China's consumer price index, a main gauge of inflation,...

EGYPT: Fuel shortage threatens bread supplies

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Customers buy subsidized bread at a Cairo bakery

China becomes world's largest food market

China is now the world's largest food and grocery market, having overtaken the US in terms of sales in 2011, a market research firm said.

Myanmar government allows tax concessions

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Myanmar has decided to exempt rice, pulses, corn, sesame, rubber, freshwater and saltwater products and some animal...

US offers Pak financial aid against re-opening of NATO supply routes ahead of budget

The United States has offered a lucrative monetary offering to the Pakistan Peoples' Party (PPP) government for the budget 2012-13 in exchange for re-opening NATO supply routes that have been closed since the deadly November 26 airstrike.

US unemployment level falls to 8.2 percent in March

The United States Labor Department has said that the country's mployers have added 120,000 jobs in March, leading to the unemployment rate to fall to 8.2 ercent.