Category Archives: Economy
China industrial output lowest in nearly three years
(Reuters) – Chinese industrial production weakened sharply in April as investment slowed to its lowest level in nearly a decade, showing an economy that is surprisingly vulnerable to a global slowdown and a credit crunch … continue…
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Sterling hits all-time low vs yen
(Reuters) – Sterling hit an all-time low versus the yen on Thursday after concerns about a slowdown in the U.S. economy prompted investors to dump higher-risk currencies, including the pound, versus perceived safe havens. The … continue…
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SAS was the world’s most punctual airline in April
Scandinavian Airlines was once again the world’s most punctual airline, this time for the month of April. SAS was the only major airline worldwide to achieve a punctuality higher than 90% last month, with the … continue…
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ECB holds rates; calls for action
European Central Bank President Mario Draghi urged euro zone governments to agree a growth strategy to go hand in hand with fiscal discipline, but as thousands of Spaniards protested in the streets he gave no … continue…
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Loonie hits $1.02 US
The Canadian dollar climbed above the $1.02 US level for the first time in seven months on Friday as the currency continued to rally following the Bank of Canada’s recent shift to a more hawkish … continue…
