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  • The crisis surrounding Ukraine shows that global governance is in a mess, but events there are merely a symptom of something larger. My visit to Washington for the spring meetings of the International Monetary Fund and World Bank set me wondering whether western democracies are much guiltier than we are prepared to …

  • FOREX-Yen at 10-day low vs dlr after Ukraine talks, U.S. data Reuters - UK Focus - Fri, Apr 18, 2014 01:55 BST

    * Safe-haven bids on yen unwound on hopes for Ukraine initiative * Euro capped as ECB officials warn against its strength TOKYO, April 18 (Reuters) - The yen slipped to 10-day lows against the dollar on Friday after speculators unwound some safe-haven trades following upbeat U.S. economic data and on hopes for a diplomatic …

  • U.S. jobless claims, factory data put some shine on economy Reuters - UK Focus - Thu, Apr 17, 2014 18:38 BST

    * Weekly jobless claims up, but remain near pre-recession levels Coming on the heels of fairly bullish data on retail sales and industrial production, Thursday's reports also hinted job growth may be picking up slightly. "The data add further evidence to the notion that the economy has exerted positive momentum at the …

  • QE has boosted UK growth by 3pc, says Martin Weale Telegraph - Thu, Apr 17, 2014 18:36 BST

    Quantitative easing has raised growth by around £50bn, Bank of England working paper finds, but has also stoked inflation by more than previously estimated

  • Italy asks EU for more time to meet deficit target AFP - Thu, Apr 17, 2014 18:23 BST
    Italy asks EU for more time to meet deficit target

    Italian Economy and Finance Minister Pier Carlo Padoan attends a press conference held at the end of the cabinet meeting in Rome on March 12, 2014

  • Sterling index settles near highest since 2008 Reuters - UK Focus - Thu, Apr 17, 2014 17:24 BST

    Sterling failed to push higher after rising to its strongest since late 2008 against a basket of currencies on Thursday, finishing around 0.1 percent higher on a day thinned out by the long Easter weekend. The return of real wage growth and another sharp fall in unemployment, reported on Wednesday, have done much to ease …

  • Fed bond buying twice as effective on growth as BoE's - research Reuters - UK Focus - Thu, Apr 17, 2014 16:46 BST

    * Fed purchases found to have twice impact on GDP of BoE's LONDON, April 17 (Reuters) - Bond purchases by the U.S. Federal Reserve have been twice as effective at boosting economic output as those by the Bank of England, research by a BoE policymaker showed on Thursday. The findings are likely to be of interest to the …

  • Sterling index touches its strongest since late 2008 Reuters - UK Focus - Thu, Apr 17, 2014 09:53 BST

    Sterling touched its highest level since late 2008 against a basket of currencies on Thursday, also pushing past resistance around $1.6800 as it continued to ride on upbeat labour data that bode well for Britain's economic recovery. The return of real wage growth and another sharp fall in unemployment, reported on Wednesday, …

  • Back to work: Real pay starts rising again after six years of pain

    THE SQUEEZE in real pay-packets that has hit workers over most of the last six years is coming to an end, with earnings finally rising faster than prices.Average total pay rose by 1.7 per cent in the December ...

  • Freelancers and over-50s drive huge rise in employment City A.M. - Thu, Apr 17, 2014 05:38 BST
    Freelancers and over-50s drive huge rise in employment

    THE RAPID improvement to the UK labour market has been spurred by a surge in the number of freelancers as well as an increasing number of older workers.The five-year low for unemployment announced by the ...

  • Euro inflation at lowest level since late 2009 City A.M. - Thu, Apr 17, 2014 01:19 BST

    INFLATION in the Eurozone last month dropped to its lowest level in over four years, figures from Brussels revealed yesterday.The fall in annual price growth from 0.7 per cent in February to 0.5 per cent ...

  • Interest rates 'to rise sharply next year' as wages grow Telegraph - Wed, Apr 16, 2014 21:48 BST

    Treasury survey of City economists finds interest rates expected to match rise in wages and jobs, potentially climbing to 1.75 per cent next year

  • GLOBAL MARKETS-Shares rally on China growth relief; dollar slips Reuters - UK Focus - Wed, Apr 16, 2014 21:47 BST

    * China GDP grows 7.4 pct, slightly ahead of forecasts * European shares rebound, Wall Street rallies, Yahoo (TLO: YA-U.TI - news) shines * Oil rises close to $110 on mounting Ukraine tension (Adds close of U.S. markets, Google (NasdaqGS: GOOG - news) , IBM (NYSE: IBM - news) results)

  • The British productivity disease: How we can cure it City A.M. - Wed, Apr 16, 2014 21:09 BST
    The British productivity disease: How we can cure it

    THIS week has brought more bright economic news – with falling inflation and unemployment paving the way for rising real wages. Yet while the UK is now the fastest growing developed economy, the productivity ...

  • Valls under fire over France cuts programme, benefits freeze

    French Prime Minister Manuel Valls delivers a speech after the weekly cabinet meeting at the Elysee Palace in Paris, April 16, 2014

  • GLOBAL MARKETS-Shares rise on China growth relief; dollar slips Reuters - UK Focus - Wed, Apr 16, 2014 19:59 BST

    Global equity markets advanced broadly on Wednesday after China reported growth that beat expectations, providing relief to investors worried about the Chinese economy, while the dollar slid on the growing ...

  • How Far Are We In The 'Decade Of Lost Wages'? Sky News - Wed, Apr 16, 2014 18:53 BST
    How Far Are We In The 'Decade Of Lost Wages'?

    The figures most people are focusing on today are those for consumer prices index (CPI (Other OTC: CPICQ - news) ) inflation and average earnings including bonuses. Meanwhile, in the year to March, CPI inflation (itself also an annual figure) was 1.6%. Then again, the employment numbers are a three-month average: pick out …

  • Official: Average Earnings Outpace Inflation Sky News - Wed, Apr 16, 2014 18:32 BST
    Official: Average Earnings Outpace Inflation

    Average UK earnings increased by 1.7% in the year to February, above the inflation rate of 1.6%, according to official figures. The Office for National Statistics (ONS) said it was the first time since spring 2010 that the consumer price index for inflation had not exceeded pay increases. It said pay increases averaged …

  • Market overview: FTSE closes up 43 at 6,584 Sharecast - Wed, Apr 16, 2014 18:10 BST

    1448: International Consolidated Airlines gained as HSBC Holdings upgraded the parent of British Airways to 'overweight' from 'neutral', saying it sees strong earnings momentum in 2014 and 2015. The broker ...

  • GLOBAL MARKETS-Shares up on China growth relief; dollar slips Reuters - UK Focus - Wed, Apr 16, 2014 17:59 BST

    Global equity markets advanced broadly on Wednesday after China reported growth that beat expectations, providing relief to investors worried about the Chinese economy, while the dollar slid on the growing ...

  • France freezes benefits in controversial cuts drive AFP - Wed, Apr 16, 2014 17:28 BST
    Valls under fire over France cuts programme, benefits freeze

    French Prime Minister Manuel Valls delivers a speech after the weekly cabinet meeting at the Elysee Palace in Paris, April 16, 2014

  • GLOBAL MARKETS-Shares up on China relief, Ukraine strains remain Reuters - UK Focus - Wed, Apr 16, 2014 16:45 BST

    Global equity markets advanced broadly on Wednesday after growth in China beat expectations and cheered investors worried about its economy, while the dollar slid on the growing view the Federal Reserve ...

  • Earnings match inflation in four-year first Moneywise - Wed, Apr 16, 2014 16:32 BST

    Workers' wages have caught up with inflation for the first time since 2010. Figures released today by the Office for National Statistics (ONS) revealed average UK earnings, including bonuses, grew by 1.7% ...

  • Buoyant UK jobs and wage data burnish sterling's appeal Reuters - UK Focus - Wed, Apr 16, 2014 16:25 BST

    Sterling rose to its highest level in more than a month against the euro on Wednesday, after British data showed the jobless rate falling to a five-year low and wage growth picking up to match inflation for the first time in nearly four years. That is in sharp contrast to expectations of more easing by the European Central …

  • 10 top inflation-busting savings accounts Moneywise - Wed, Apr 16, 2014 13:42 BST

    Over 150 savings accounts will now beat inflation, following a dip in inflation from 1.7% to 1.6% in March 2014. The 0.1 percentage point fall in the Consumer Prices Index (CPI) means that basic-rate taxpayers ...

  • Scottish GDP growth hampered by refinery strike in late 2013 Reuters - UK Focus - Wed, Apr 16, 2014 13:38 BST

    A strike at Scotland's only oil refinery contributed to a sharp slowdown in economic growth at the end of 2013 at a time when the rest of the British economy was booming, data showed on Wednesday. While the slowdown highlighted Scotland's reliance on oil and gas industries to drive growth, new figures also showed Scotland's …

  • British unemployment plunges to 5-year low, pay grows Reuters - UK Focus - Wed, Apr 16, 2014 13:29 BST

    * UK jobless rate falls below original BoE (Shenzhen: 000725.SZ - news) rates threshold * Boost for government under fire over cost of living LONDON, April 16 (Reuters) - Britain's unemployment rate unexpectedly dropped in the three months to February, reviving speculation the Bank of England will start raising interest …

  • China's economy slows sharply in first quarter AFP - Wed, Apr 16, 2014 13:07 BST
    China's economy slows sharply in first quarter

    A laborer is seen working at a factory in Yiwu, east China's Zhejiang province, on February 18, 2014

  • UK unemployment surprises sharply to the downside - UPDATE Sharecast - Wed, Apr 16, 2014 11:52 BST

    The UK unemployment rate dropped unexpectedly to 6.9 per cent for the three months to February from 7.2 per cent in the previous three months (consensus: 7.1 per cent), according to the Office for National ...

  • AUD/USD initiates short-term weakness after Chinese data Sharecast - Wed, Apr 16, 2014 11:35 BST

    The Australian dollar erased an earlier loss after a report showed growth was stronger than forecast in China

  • UK unemployment falls to 6.9pc Telegraph - Wed, Apr 16, 2014 11:27 BST

    Jobless rate dips below 7pc for the first time in five years, signalling a new stance for monetary policy, while wage growth finally keeps pace with inflation

  • Russian GDP contracts 0.5% in Q1 2014 from Q4 2013 AFP - Wed, Apr 16, 2014 10:56 BST
    Russia risks recession amid crisis after economy shrinks in Q1

    Construction cranes work at a building site in Moscow on August 30, 2007

  • British unemployment rate drops below 7% AFP - Wed, Apr 16, 2014 10:33 BST
    British unemployment rate drops below 7%

    A man demonstrates outside Downing Street in central London on October 20, 2012

  • Sterling marches towards recent peaks on buoyant UK data Reuters - UK Focus - Wed, Apr 16, 2014 10:26 BST

    Sterling rose towards recent highs against the dollar and the euro on Wednesday after UK data showed the jobless rate falling to a five-year low and wage growth picking up to match inflation for the first time in nearly four years. The better-than-expected UK data bolstered expectations the Bank of England may have to …

  • China grows more than expected; Eurozone inflation data due; UK jobs data to be released

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