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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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US stocks up in advance of earnings season
New York - US stocks regained ground on Monday ahead of third-quarter earnings reports set to begin later this week. The markets ended a four-day losing streak, prompted by ongoing concerns about unemployment. A government report Friday showed a net ...
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US (Business) ]
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Economy top of in-tray for Greece's Papandreou - Feature
Athens - Greece's newly-elected Socialist Prime Minister, George Papandreou, began the major task of putting together a cabinet on Monday in an effort to pull the country from the brink of recession. Faced with high unemployment, low budget revenues ...
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Europe (World) ]
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US stocks fall despite housing gains
New York - US stocks fell on Tuesday amid a drop in consumer confidence and concerns about unemployment, even as data showed housing prices soared in July by the most in four years. Consumer confidence dropped fell to 53.1 points from a revised 54.5 ...
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US (Business) ]
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US unemployment rate rises again - Update
Washington - The US economy continued to shed jobs in the construction, manufacturing, retail and government branches, with the unemployment rate rising to 9.8 per cent, the US government said Friday. The rate compared to 9.7 per cent unemployment in...
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US (Business) ]
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Tokyo stocks down on strong yen, weak job data - Summary
Tokyo - Japanese stocks lost ground Friday as a drop in the country's unemployment rate failed to offset discouraging reports from the US job market and the yen further strengthened against the dollar. The Nikkei 225 Stock Average lost 246.77 points,...
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Business ]
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Asia leads recovery, but painful transition ahead
Istanbul - Asia may be leading the global economic recovery, but it could face a period of slower growth and rising unemployment in coming years as it transitions from exports to domestic demand, the International Monetary Fund (IMF) said Sunday. Gov...
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Business ]
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Surprise fall in unemployment signals economic improvement
Sydney - Australia's jobless rate fell 0.1 per cent in September in a move that surprised economists and signaled a recovery in the Australian economy. Economists had expected the September figures to show unemployment rise from 5.8 per cent to 6 per...
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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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Europe faces sluggish recovery in 2010, warns IMF
Istanbul - The worst may be over, but Europe will still face a sluggish recovery in coming years that is underlined by high unemployment, the International Monetary Fund said Thursday. In its semi-annual World Economic Outlook, the IMF revised upward...
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Business ]
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German unemployment posts surprise fall - Update
Berlin - German unemployment fell for the second consecutive month in September, the nation's labour office said Wednesday. The numbers out of work in Europe's biggest economy dropped by 12,000 to 3.46 million this month, the Nuremberg-based labour o...
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Business ]
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