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Author Archives: Top News Editor

UK Budget Deficit Exceeds Official Estimate

The UK budget deficit exceeded the official estimate in May as higher inflation pushed up interest payments on government debt, the Office for National Statistics said Thursday. Public sector net borrowing, excluding public sector banks, declined GBP 4.0 billion from ...

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Dollar Slips Against Major Rivals

The U.S. dollar traded weak against its major counterparts on Wednesday amid a drop in bond yields as treasuries rose on fears that the Fed’s commitment to tackle price pressures by hiking rates sharply is likely to cause a recession. ...

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UK Inflation Strongest Since 1982

UK consumer price inflation rose further in May at the fastest pace in 40 years on rising energy and food prices, deepening the cost of living crisis. Consumer price inflation rose to 9.1 percent in May, in line with expectations, ...

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Australia Leading Index Growth Slows In May

Australia’s leading index growth slowed in May largely due to the deterioration in consumer sentiment, data released by Westpac showed on Wednesday. Nonetheless, the index signaled above trend growth for this year. The six-month annualized growth rate in the Westpac-Melbourne ...

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RBA Chief Lowe Signals More Rate Hikes

Reserve Bank of Australia Governor Philip Lowe said more interest rate increases are likely in the coming months as the central bank will do what is necessary to ensure that inflation returns to the target range over time. Although the ...

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