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UK retail sales grew significantly in January

UK retail sales

UK retail sales grew significantly in January, representing the biggest jump in two years, driven by demand for clothes and computers. The increase of 2.3% MoM in sales volume is nearly three times higher than the average forecast of analysts. National Statistical Service indicate that growth is helped by reductions ...

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Russia has no plans to reduce oil production

Russia reduce oil production

Russia has no plans to reduce oil production, although it is ready to freeze it, according to the first deputy energy minister. During the week, a signal of agreement between Saudi Arabia and Russia to limit oil production led to recovery of markets. The price of European Brent crude briefly ...

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Greek Government plan special pension reform for farmers

greek farmers pension reform

Greek Government plan special pension reform for farmers. The proposed changes come a few weeks before increasing insurance and change the way of calculating pensions. This will reduce pensions, which will be granted after the adoption of the reform. Against this idea, and against changes in taxation, however, said the ...

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Wall Street recorded first three-day winning streak for 2016

Wall Street

Leading indices on Wall Street closed the session with gains supported by more expensive oil and better data on the development of the US economy. In addition, investors were disappointed by the minutes of the last meeting of the Federal Reserve. So Wall Street managed to record their first three-day ...

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Orders in German manufacturing sector declined in December

manufacturing sector

New orders in the manufacturing sector in Germany decreased by 0.7% mom in December, according to seasonally adjusted. In November there was an increase of 1.5% In the last month of 2015 orders in the domestic market decreased by 2.5%, while those from abroad increased by 0.6% compared to the ...

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Reserve Bank of Australia forecast accelerated economic growth

Bank of Australia

Reserve Bank of Australia maintained its forecast for accelerating economic growth because of the flexible course of monetary policy, although the risks around its major trading partner China cast a shadow over prospects for the regional economy. The financial institution lowered its inflation forecast for the year to June 2016 ...

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