RBA leaves the main rate unchanged

Source: ABC News
The benchmark interest rate in Australia was kept unchanged after the Reserve Bank meeting on Tuesday, matching economists' expectations. Therefore, the rate now is at its historic minimum level of 2.5%. Last time the RBA decreased the main rate in August, namely by 25 basis points. The RBA Governor said that the regulator is still uncertain about strength of the economic growth in the country.
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Tue, 03 Dec 2013 15:24:11 GMT

U.S. shares drop for third day ahead of economic data

U.S. shares retreated, making it the third straight day of declines for Standard & Poor's 500 Index after its previous record, as the economic data are awaited for indications on when the Fed will scale back its stimulus. The S&P 500 slid 0.2% to 1,798.24 as of 9:30 a.m. New York time; however, the gauge has rallied 26% this year,

Tue, 03 Dec 2013 16:14:05 GMT

Spanish unemployment unexpectedly declines

The number of people unemployed in Spain declined in November of this year from a month earlier, as the indicator posted a first-ever November fall, pointing on the recovery of the fourth-biggest European economy. The total number of people without a job slumped by 2,475, reaching 4.8 million. From November 2012 this number decreased by 98,909, while the jobless rate

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