U.K. unexpectedly reports a budget deficit in July

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Source: Bloomberg
U.K. unexpectedly reported a budget deficit in July as corporation tax receipts declined. According to the Office for National Statistics, the shortfall was 557 million pounds compared to a 2.84 billion pound surplus last year. Tax revenue declined 0.8% and corporation tax fell 19.3%, while government spending increased 5.1%.
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Tue, 21 Aug 2012 13:13:48 GMT

U.K. CBI production order expectations decline

U.K. industrial order estimates decreased more-than-expected this month, tumbling to the eight-month low, the Confederation of British Industry reported on Tuesday. The index fell 15.0 points to -21.0 in August from a -6.0 reading in July. Economists expected a reading of -8.0.

Tue, 21 Aug 2012 15:59:48 GMT

Sugar rose on supply threats from India

Farm commodities advanced on Monday as recent drought in the US may have caused more damage than initially estimated. Moreover, threat of adverse weather conditions in India lifted rural commodities. Wheat rose almost 1% as crops in Australia, Russia and the US are likely to attain record low because of severe drought this year. Corn was the top-performer on speculation that the

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