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UK November Borrowing At Record On Energy Bill Support Payouts, Debt Costs
Despite a rise in tax receipts, British government budget deficit hit the highest November level reflecting disbursements on energy support scheme and high debt servicing cost. Public sector net borrowing, excluding banks, increased by GBP 13.9 billion from last year to GBP 22.0 billion. This was the biggest November deficit since monthly records began in 1993.
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857 days ago
German Consumer Confidence Improves On Easing Energy Price Burden
Germany's consumer confidence is set to improve in January for the third straight month, as their economic, income and purchasing power expectations improved amid government measures to curb rising energy costs, survey results from the market research group GfK showed on Wednesday.
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857 days ago
Pound Drops In Cautious Trade
The pound declined against its major counterparts in European deals on Tuesday, as investors weighed the impact of a surprise policy shift by the Bank of Japan.
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857 days ago
Sensex, Nifty Plunge As COVID Fears Grip Markets; Pharma Stocks Gain
Indian shares fell sharply on Wednesday amid fears emanating from a sharp rise in cases of coronavirus in China, South Korea, U.S. and other countries.
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857 days ago
European Shares Inch Higher Ahead Of Christmas Holidays
European stocks bounced back from a six-week low on Wednesday, with consumer discretionary firms rising heading into the year-end holiday period.
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857 days ago
FTSE 100 Gains In Cautious Trade
U.K. stocks were moving higher on Wednesday, as investors picked up consumer discretionary stocks heading into the festive weekend.
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857 days ago
CAC 40 Rises In Cautious Trade
French stocks advanced on Wednesday, with healthcare and consumer discretionary firms rising heading into the year-end holiday period.
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857 days ago
more news
DAX Rebounds As Consumer Sentiment Improves
German stocks edged higher on Wednesday after a survey showed the country's consumer sentiment is set to improve in January for the third straight month amid government measures to curb rising energy costs.
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857 days ago
Asian Shares Mixed As Recession Worries Persist
Asian shares ended mixed on Wednesday as recession worries persisted, and China continued to grapple with a surge in the number of new COVID-19 cases.
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857 days ago
Elon Musk Says Will Resign As Twitter CEO Once He Finds Replacement
Elon Musk, Twitter Inc.'s new owner and CEO, said he will resign as the company's chief executive as soon as he finds a replacement, but plans to keep running key software & servers teams. In a tweet late Tuesday, Musk said, "I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams."
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857 days ago
Australia Leading Index Signals Weak Growth - Westpac
Australia's leading index signaled a sustained period of below trend growth as the economy faces headwinds from the lagged monetary policy tightening, falling wages and weak property market among other things, Westpac said Wednesday. The six-month annualized growth rate in the Westpac-Melbourne Institute Leading Index fell to -0.92 percent in November from -0.84 percent in October.
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857 days ago
European Shares Set For Steady Start
European stocks may open on a positive note Wednesday after Wall Street closed slightly higher overnight following a four-day selloff.
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857 days ago
European Economics News Preview: UK Public Sector Finance Data Due
Public sector finances from the UK and consumer sentiment survey results from Germany are the top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK public sector finances data for November. Excluding banks, the budget deficit is seen falling to GBP 13 billion from GBP 13.5 billion in October.
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857 days ago
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