British current account deficit grew more than expected in Q2

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Source: Forexpros

The U.K.'s Office for National Statistics reported on Thursday that British current account deficit increased unexpectedly in Q2, U.K's current account deficit grew to GBP20.8 billion in the three months from April to June, compared to a reading of 15.4 billion in the preceding quarter, which figure was revised upwards from an initial estimation of GBP11.2 billion.

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Thu, 27 Sep 2012 14:58:28 GMT

Borrowing costs fall on Italy's debt auction

On Thursday, Italy witnessed a decrease in its borrowing costs, as its Treasury was selling 5 and 10-year government debt. Italy's Treasury managed to sell 5-year government bonds worth EUR2.71 billion, having a 4.09% average yield, compared to a 4.73% yield in August. The average yield for 10-year bonds worth EUR2.97 billion was 5.24%, down from a previous month's figure of 5.82%.

Thu, 27 Sep 2012 14:47:28 GMT

Corn sank after South Africa raised output forecast

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