Norwegian central bank raises rate to 1.50 per cent
Oslo - Norway's central bank on Wednesday raised its benchmark interest rate by 0.25 percentage points to 1.50 per cent, citing slightly higher inflation and signs of economic recovery. Unemployment is considerably lower than previously projected. T...
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Finance (General) ]
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New Zealand's unemployment rate climbs to 6.5 per cent
Wellington - New Zealand's unemployment rate, which has been rising steadily for nearly two years, reached 6.5 per cent in the September quarter, according to official figures released Thursday. A rise of 12,000 in the jobless total to 150,000 means ...
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Business ]
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US stocks fall slightly as consumer confidence falls
New York - Most US stocks fell Tuesday as consumer confidence dropped for the second straight month. The private Conference Board's index stood at 47.7 in October, down 5.7 points from the previous month. Rising unemployment played a major role in t...
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US (Business) ]
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ANALYSIS: Double-digit unemployment puts pressure on Obama
Washington - US President Barack Obama on Friday signed legislation that extended unemployment benefits for the millions of Americans who can't find work. But US households may need much more help than that, after government figures showed the countr...
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US (World) ]
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US stocks climb slightly despite double-digit jobless rate
New York - US stocks posted mild gains Friday to end the week as investors shrugged off government figures that put the unemployment rate above 10 per cent. The Labour Department said the jobless rate hit 10.2 per cent in the month of October, the hi...
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US (Business) ]
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British unemployment rises to just under 2.5 million
London - Unemployment in Britain rose by 30,000 to a total of 2.46 million over the three months to the end of September, official figures showed Wednesday. The unemployment rate remained unchanged at 7.8 per cent. The figures by the Office for Natio...
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UK (Business) ]
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Afghans consider poverty main cause of conflict, says Oxfam
London- The overwhelming majority of Aghans believe that poverty and unemployment resulting from 30 years of unrelenting horror are the major causes behind the enduring conflict in their country, the aid organization Oxfam said in a report released...
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UK (World) ]
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EXTRA: US central bank issues rosier outlook on economy
Washington - The Federal Reserve Tuesday raised its growth forecasts for the US economy, but warned that unemployment in the United States will remain for some time at its highest levels in a generation. The US central bank projected the world's larg...
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US (Business) ]
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German unemployment down in October - Summary
Nuremberg, Germany - German unemployment fell for the third consecutive month in October, the Federal Labour Agency said Thursday, raising hopes that economic recovery could gather pace in the months ahead. The number out of work in Europe's biggest ...
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Business ]
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US jobless rate jumps to 10.2 per cent
Washington - The US unemployment rate surged to 10.2 per cent in October as another 190,000 people lost their jobs, according to US Labour Department figures released Friday. The jobless rate stood at 9.8 per cent in September. Unemployment had been ...
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US (Business) ]
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Merkel: Economic crisis will get worse before it gets better
Berlin - German Chancellor Angela Merkel said Tuesday that she expects the country's economic situation and the consequences of the global economic crisis to worsen in the coming year. Citing the prospect of rising unemployment, Merkel said The prob...
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Business ]
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APEC warns of fragile recovery, sees unemployment as challenge
Singapore - Ministers of the Asia-Pacific Economic Cooperation (APEC) forum on Thursday said the recovery of the global economy was still shaky and expected to be uneven while warning of still-high unemployment rates in some nations. The global econ...
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Business ]
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Singapore prime minister warns of dampened growth, unemployment
Singapore - Prime Minister Lee Hsien Loong on Tuesday warned Singaporeans to brace themselves for dampened growth next year and a stagnant unemployment rate although the city-state has pulled out of the deepest recession in its history. We are now p...
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Business ]
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Hong Kong's economy predicted to rebound next year
Hong Kong- Hong Kong's economy will shrink by 2 per cent this year but rebound next year to grow by 5 per cent, the International Monetary Fund (IMF) said Tuesday. The IMF said the city's economy was on the road to recovery with unemployment expected...
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Business ]
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German unemployment down in October
Nuremberg, Germany - German unemployment fell for the third consecutive month in October, the country's labour agency said Thursday. The number out of work in Europe's biggest economy dropped by 118,000 to 3.22 million, the labour office said. Analys...
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Business ]
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Brown urges 'new European compact' for jobs and growth
London - The European Union (EU) risks facing a decade of retrenchment and high unemployment unless 10 million new jobs are created by 2014, British Prime Minister Gordon Brown has warned. In a letter to Fredrik Reinfeldt, the current EU Council pr...
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Business ]
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Unemployment falls in Japan
Tokyo - Japan's unemployment rate fell to 5.3 per cent in September from 5.5 per cent in August, the government said on Friday. It was the second month in a row that unemployment had decreased. ...
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Business ]
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Job losses loom as German mail-order unit Quelle set to close
Berlin - Thousands of workers face unemployment after bankruptcy administrators decided to close German mail-order company Quelle, a union official said Tuesday. It you take everything into consideration, more than 6,000 jobs are at stake, said Joh...
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Business ]
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