Spanish exports to grow further amid economic recovery

Source: Bloomberg
The government of Spain upgraded its forecasts concerning growth of exports in 2014. As projected, the trade deficit of the country will plummet to 16 billion euro this amid 7% increase in exports, up from the previous expectation of 5.5%. Analysts confirm that economic recovery in Spain will be mainly based on improvement in trade, as domestic demand remains weak.
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Fri, 21 Feb 2014 13:15:49 GMT

WTI crude gains as U.S. cold returns

West Texas Intermediate crude continues its six-week gain as cold spell in the U.S. strengthen heating fuels demand. Futures almost unchanged in NY and were up 2.2% is week. WTI for delivery in April fell 36 cents to $102.39 a barrel at 10:56 a.m. in London. The amount of all traded futures was around 51% lower than the 100-day average. Prices have climbed 4% during

Fri, 21 Feb 2014 10:08:29 GMT

U.K. budget surplus falls as income taxes decrease

The government of the United Kingdom announced a worse-than-predicted budget surplus during the first month of this year amid declining revenue from company's profits and private incomes. Revenue was unchanged year-on-year, but spending rose 0.8%. This resulted in a 4.7 billion pounds surplus versus 6 billion pounds the year before. Analysts expected an 8 billion pounds surplus.

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