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Norway's Trade Surplus Increases In August

Norway’s trade surplus increased in August reflecting a double-digit growth in exports, Statistics Norway said Monday. Exports advanced 11.3 percent on a monthly basis taking the annual growth to 28.1 percent in August. At the same time, imports climbed 3 percent on month and 2.6 percent annually. The trade surplus increased to NOK 31.8 billion…

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IMF Warns UK Against Severe Impact Of 'No Deal' Brexit

The UK economy will suffer substantial costs if the country leaves the European Union without a deal, the International Monetary Fund warned on Monday. Though the UK and the EU have reached agreement in principle on a 21-month implementation period, the “fundamental questions-such as the future economic relationship between the two and the closely-related question…

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IMF Warns 'No-deal' Brexit To Inflict Substantial Costs On UK

The International Monetary Fund urged UK Prime Minister Theresa May to strike a deal with the European Union, warning that a “no-deal” Brexit would most likely be disorderly and carry substantial costs for the British economy. “Overcoming differences and reaching a deal with the EU will be crucial to avoid a no-deal Brexit, which would…

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Italy's Trade Surplus At 1-Year High

Italy’s trade surplus reached one-year high in July, the statistical office Istat reported Monday. The trade surplus rose to EUR 5.67 billion from EUR 5.17 billion in June. This was the highest since last July, when surplus totaled EUR 6.56 billion. The annual growth in exports came in at 6.8 percent versus 6.9 percent in…

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IMF Warns 'No-deal' Brexit To Inflict Substantial Costs For UK

The International Monetary Fund urged UK Prime Minister Theresa May to strike a deal with the European Union, warning that a “no-deal” Brexit would most likely be disorderly and carry substantial costs for the British economy. “Overcoming differences and reaching a deal with the EU will be crucial to avoid a no-deal Brexit, which would…

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Cyprus HICP Inflation Rises In August

Cyprus’ EU measure of inflation accelerated in August after easing in the previous month, data from the statistical service showed Monday. The harmonized index of consumer prices, or HICP, rose 1.7 percent year-on-year following 1.4 percent increase in July. In June, inflation was 1.7 percent. Prices strongly rose in the food and non-alcoholic beverages, transport…

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Loonie Little Changed After Canada Existing Home Sales

At 9:00 am ET Monday, Canada existing home sales for August have been released. After the data, the loonie changed little against its major rivals. The loonie was worth 86.03 against the yen, 1.5211 against the euro, 0.9356 against the aussie and 1.3020 against the greenback around 9:05 am ET. The material has been provided…