UK budget shortfall doubled in February

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Source: Bloomberg
British budget gap nearly doubled in February on improved spending and drop in taxes, the Office for National Statistics reported on Wednesday. The net borrowing eliminating support for lenders reached GBP 15.2 billion compared to a GBP 8.9 billion a year ago. The analysts questioned by Bloomberg earlier predicted a deficit of around GBP 8 billion. 
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Wed, 21 Mar 2012 17:47:14 GMT

Wheat futures hit seven-day low amid ample supply

Wheat price was pressured by worries over the excessive global supplies due to improved crop conditions in the US. Wheat futures for delivery in May traded at 6.4038 US Dollars per bushel at the early European session on the New York Mercantile Exchange, tumbling by 0.4%.

Wed, 21 Mar 2012 13:47:08 GMT

Rural commodities hit lower on Tuesday amid improving US crop conditions

Rural commodities apart from coffee were lower on Tuesday on the firmer US dollar and weaker equities. Grains were the top-losers as negative news from China are likely to impact the country's demand for the commodities.  Wheat hit one-week low as rains in the US are expected to create highly favorable conditions for winter harvest. Moreover, Russia's decision not to

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