U.K. economy expands

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
U.K. economy expanded in the second quarter of the year, as the consumer spending rose after the first quarter that topped estimates. Country's GDP grew 0.7%, making the expectations, while household expenditure increased 0.3% and disposable income rose 1.5%, according to the Office for National Statistics.
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Thu, 26 Sep 2013 11:57:04 GMT

China shares fall to lowest level in three weeks

Chinese shares declined to the lowest level in approximately 20 days as companies related to the free-trade zone in Shanghai dropped on worries that gains were excessive. The Shanghai Composite Index slipped 1.9% to 2,155.81, the lowest since the beginning of September, while the CSI 300 Index retreated 1.8% to 2,384.44.

Thu, 26 Sep 2013 09:38:05 GMT

Spain may introduce changes in labor laws to fight unemployment

Spain's Prime Minister Mariano Rajoy may take the OECD advice and carry out more intense adjustments in the labor code to overhaul current jobless rate of 26%. Country's economy is recovering from recession and is expected to satisfy budget deficit goal in 2013, yet there is a need to decrease borrowing costs in order to avoid austerity measures.

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