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Sunday 20th of June 2010

News Tag: ease

June 18, 2010

World Bank urges flexible yuan

by Kay Murchie
World Bank urges flexible yuan
China is still under pressure to allow its currency, the yuan, to find its own level, in order to ease inflation and to prevent the economy from overheating. The World Bank is now urging the Chinese Government to allow the yuan, which is also referred to as the renminbi, to strengthen against other international currencies. US legislators and trade groups have previously said ...



June 15, 2010

UK inflation eases to 3.4% in May

by Kay Murchie
”UK
The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) fell to 3.4% in May - down from the 17-month high of 3.7% in April. While the level still far exceeds the 2% target, the drop was quicker than the 3.5% many analysts had expected. The Bank of England’s Governor, Mervyn King, has already reiterated that CPI will ...



UK inflation expected to ease in May

by Kay Murchie
”UK
The Office for National Statistics (ONS) is scheduled to announce the UK inflation rate this morning, with analysts expecting the annual rate to be around 3.5%. Last month, the ONS reported Consumer Price Inflation (CPI) rose to a 17-month high of 3.7% in April - far exceeding the 2% target for the sixth consecutive month. However, analysts say the rate should ease, ...



March 22, 2010

UK inflation expected to ease in February

by Kay Murchie
”UK
The Office for National Statistics (ONS) is scheduled to announce the UK inflation rate tomorrow morning, with analysts expecting the annual rate to be around 3.1%. Last month, the ONS reported Consumer Price Inflation (CPI) rose to a 14-month high of 3.5% in January - a figure that was expected by analysts. The rise was driven by higher petrol costs and the ...



November 30, 2009

Stock markets recover after Dubai debt fears ease

by Kay Murchie
Stock markets recover after Dubai debt fears ease
Global markets rallied this morning as fears over the Dubai debt crisis started to ease. As the facts of Dubai’s debt crisis unravelled at the end of last week, shares across the world plunged but have today recovered as confidence returns. It emerged last week that state-owned company Dubai World wanted a six-month holiday from its debt repayments. The state-owned conglomerate ...



June 5, 2009

US unemployment rate up to 9.4% but job losses ease

by Kay Murchie
US unemployment rate up to 9.4% but job losses ease
Figures released today from the US Labor Department show that the US economy shed 345,000 jobs in May, taking the unemployment rate up to a 25-year high of 9.4%. However, the number of jobs lost were far fewer than expected and follow the 539,000 jobs lost in the previous month. Service sector industries axed 120,000 jobs in May, while ...