US economy grows 3.7% in Q2, beating expectations

Source: CNBC
The economy of the United States expanded more than expected in the Q2 amid strong domestic demand, showing rather solid momentum that would still allow the Fed to raise its interest rates later this year. The official data showed that the country's GDP rose at an annualized rate of 3.7% in the second quarter, much higher than the forecasted rate of 3.2%, up from 2.3% growth recorded last month.
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Fri, 28 Aug 2015 07:57:07 GMT

Oil extends gains after 10% rally

Crude futures climbed on Friday after the biggest daily rise in six years in the previous session, and are on track to break an eight-week losing streak. WTI futures were trading 1.20% higher at $43.04 per barrel, while Brent crude gained 0.76% to $47.83 per barrel by 07:06 AM GMT. The recent rally in oil prices was mainly sparked by

Thu, 27 Aug 2015 11:04:09 GMT

Spanish GDP grows at the fastest pace since 2007

Spanish economy continued to expand in the second quarter of this year, as the final GDP figures confirmed on Thursday. The official data showed that the fourth largest economy in the Euro area saw its gross domestic product grow 1.0% quarter-on-quarter during the April-June period, after adding 0.9% in the first quarter of this year. Spanish consumers helped boost the

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