New Italian Premier gets support from Senate

Note: This section contains information in English only.
Source: Bloomberg
The Prime Minister of Italy Matteo Renzi has got a support from the upper house of country's parliament. The vote of 169-139 for Renzi's appointment as the Premier increases the possibility of successful and long-awaited reforms in Italy. Matteo Renzi promises to bring changes into economy and decrease taxes in order to end the economic stagnation in the country and improve labor market.
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Tue, 25 Feb 2014 12:24:15 GMT

Euro Drops amid ECB Easing Speculation

The 18-nation currency depreciated versus most of its 16 major counterparts amid speculation the ECB may increase monetary stimulus in the following week since the forecast for consumer prices has worsened. Eurozone's currency contracted 0.4% before it was little changed at 140.79 yen as of 5 p. m. New York time, after the advance to 141.27 recorded on Feb. 21, the highest since Jan. 24. 

Tue, 25 Feb 2014 10:01:13 GMT

U.K. mortgage approvals surged in January

The total number of approvals for mortgages in the United Kingdom jumped considerably in January of this year to its largest level in more than six years, helped by the government support program, when buying property. According to the BBA data, approvals increased to 50,000 in December, up from 47,100 in the last month of 2013. Economists expected the indicator

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