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The economy grew at its slowest pace for three years during the first quarter because of stuttering growth in the UK services sector.
GDP rose by 0.4 per cent in the first three months of the year, down from a 0.6 per cent increase in the final quarter of 2007, according to the Office for […]

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Popularity: 63% [?]

Setting an all-time record, oil prices rose to nearly $104 a barrel on Monday morning, exceeding their inflation-adjusted high reached in the early 1980s during the second oil shock.
Oil futures rose as much as $2.11 to $103.95 on the New York Mercantile Exchange. That level tops the record set in April 1980 of $39.50 a […]

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Oil prices have rebounded above $96 in Asian trading as concerns about global supplies linger.
A barrel of US light crude was worth $96.46, up $1, having fallen to $95.46 on Thursday on pessimistic comments by Federal Reserve boss Ben Bernanke.
His forecast for slower economic growth may have meant weaker demand as firms reined in spending, […]

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WASHINGTON - The U.S. national debt has hit US$9 trillion for the first time.
The Treasury Department, which issues a daily accounting of the debt, said Wednesday that the debt subject to limit was at $9 trillion on Tuesday. It was $8.996 trillion on Monday.
Last month, the U.S. Congress passed and U.S. President George W. Bush […]

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NEW YORK - The dollar fell to a record low against the euro for the seventh consecutive session while the Canadian dollar hit a 31-year high as inflation data raised expectations that the Federal Reserve Bank would again lower interest rates.
The 13-nation European currency reached $1.4274 in late New York trading — exceeding its previous […]

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The former head of the US Federal Reserve has denied that regulators failed to foresee the problems which caused the global credit crunch.
Alan Greenspan said they had not acted on concerns about complex and risky financial deals because only very wealthy people invested in them.
In an interview with BBC Radio 4, he also said that […]

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US Defence Secretary Robert Gates is set to ask Congress to approve a request for nearly $190bn (93.4bn) to fund the wars in Iraq and Afghanistan.
In prepared remarks, he said the money would help pay for armoured vehicles to protect US troops from roadside bombs.
The request for the 2008 fiscal year, which starts in October, […]

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The dollar has fallen to yet another all-time low against the euro, after further weak US economic data.
Figures showed that US consumer confidence has fallen to a near two-year low, while house prices have seen the sharpest drop in 16 years.
Taken together, analysts said the data boosted expectations that the Federal Reserve will cut interest […]

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The euro has set another record high against the dollar, as the value of the greenback continues to fall following last week’s cut in US interest rates.
In early Monday trading, the euro climbed to $1.4130, beating Friday’s high of $1.4120.
The higher value of the euro has led to fears over job cuts in Europe, as […]

Popularity: 11% [?]