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Indian government slashes fuel price first time in 3 years
Indian government slashes fuel price first time in 3 years Indian government has lowered fuel price b 2.22 rupees (0.044 U.S. dollar) per liter starting Wednesday, for the first time in nearly three years, after meeting protests from opposition parties, according to local media reports. The move came ahead of the winter session of Parliament [...]
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Australian wages rise slower than expected in September quarter
Australian wages rise slower than expected in September quarter Wages for Australian workers rose 0. 8 percent in the September quarter, slightly less than market forecasts, official data showed on Wednesday. The Australian Bureau of Statistics (ABS) reported on Wednesday total hourly rates of pay, excluding bonuses, rose 0.8 percent in the September quarter. The [...]
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Austrian economic growth drops significantly in Q3
Austrian economic growth drops significantly in Q3 Economic growth in Austria has slowed significantly in the third quarter of this year, the Austrian Institute of Economic Research (WIFO) said Tuesday. The real increase in the country’s gross domestic product (GDP) declined to 0.3 percent from 0.5 percent in the previous quarter. On the year-on-year basis, [...]
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Romania reports highest growth rate in EU in Q3
Romania reports highest growth rate in EU in Q3 Romania reported the highest quarterly economic growth rate among the European Union (EU) member states in the third quarter of 2011, according to preliminary estimates released Tuesday by the Eurostat official statistics office of the EU. Romania’s Gross Domestic Product (GDP) advanced 1.9 percent in Q3 [...]
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Australian economy grows in line with trend
Australian economy grows in line with trend The Australian economy is growing at an annual pace close to the projected long-term trend, according to a survey released on Wednesday by Westpac Banking Corporation and the Melbourne Institute. The annualized growth rate of the WestpacMelbourne Institute Leading Index, which indicates the likely pace of economic activity [...]
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Don’t overstate European debt crisis
Don’t overstate European debt crisis Europe’s chronic debt problem has caught plenty of attention recently, creating jitters and even panic worldwide. However, the debt crisis shouldn’t be overstated, and for good reason. For the several eurozone countries currently mired in debt woes, their respective circumstances are different. Greece, where the crisis started, has a very [...]
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German economic growth pick up amidst escalating crisis
German economic growth pick up amidst escalating crisis German economy registered a 0.5-percent growth in the third quarter of this year compared with the previous three months, as the eurozone’s economic powerhouse managed to regain some strength. The gross domestic product (GDP) grew from July through September by 0.5 percent compared to the previous quarter [...]
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Greek economy shrinks in the third quarter
Greek economy shrinks in the third quarter The contraction of Greek national economy continued in the third quarter this year by 5.2 percent on an annual basis, the Greek Statistical Authority (ELSTAT) announced on Tuesday. The decline eased compared to the negative rate of 7.4 percent of GDP in the second quarter and 8.3 percent [...]
