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UK October Budget Deficit Biggest For Month In 3 Years

The UK budget deficit in October far exceeded expectations and was the biggest for the month in three years, raising the likelihood of the government missing its borrowing target for the fiscal year, official data showed on Wednesday. The public sector net borrowing, or PSNB, excluding state banks was GBP 8.8 billion in October, which…

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U.S. Weekly Jobless Claims Unexpectedly Edge Higher

A day earlier than usual due to the Thanksgiving Day holiday on Thursday, the Labor Department released a report on Wednesday showing first-time claims for U.S. unemployment benefits unexpectedly edged higher in the week ended November 17th. The report said initial jobless claims rose to 224,000, an increase of 3,000 from the previous week’s upwardly…

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OECD Says Global Growth Slowing Amid Rising Trade Risks

Global economic growth has peaked and is now slowing as the world faces risks from rising trade tensions and tightening financial conditions, the Organization for Economic Co-operation and Development said Wednesday. The Paris-based think tank trimmed its global growth projection for next year to 3.5 percent from 3.7 percent predicted in May, in its latest…

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Japan October Nationwide CPI Climbs 1.4% On Year

Overall nationwide consumer prices in Japan were up 1.4 percent on year in October, the Ministry of Internal Affairs and Communications said on Thursday. That was in line with expectations and up from 1.2 percent in September. Core consumer prices, which exclude volatile food prices, advanced an annual 1.0 percent. That was in line with…

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U.S. Weekly Jobless Claims Unexpectedly Inch Up To 224,000

A day earlier than usual due to the Thanksgiving Day holiday on Thursday, the Labor Department released a report on Wednesday showing first-time claims for U.S. unemployment benefits unexpectedly edged higher in the week ended November 17th. The report said initial jobless claims rose to 224,000, an increase of 3,000 from the previous week’s upwardly…