Euro gains on US budget talks

Note: This section contains information in English only.
Source: Reuters
The Eurozone currency hit its highest level in more than seven months against the U.S. Dollar amid growing investors optimism, after the U.S. lawmakers came closer to reaching an agreement in fiscal cliff talks and an improvement in situation on European markets lifted share prices up. The Euro was traded close to a 7-1/2- month high at $1.3191 earlier on Monday, when it was last up 0.1% at $1.31808.
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Tue, 18 Dec 2012 17:15:13 GMT

Developed countries to expand faster in 2013: IMF's Lagarde

Advanced economies will beat analysts' expectations made earlier in October, when they are projected to grow at a faster pace in 2013 together with better performance of the global economy, the Managing Director of the International Monetary Fund said on Sunday. Developed countries will expand 1.6%, compared to a 1.5% growth initially projected, while the global economy will rise at a rate of 3.6%

Tue, 18 Dec 2012 13:24:25 GMT

U.K. inflation remains unchanged at 2.7%

U.K. inflation remained at the highest rate last month since May with the largest upward pressures came from  electricity and gas prices as well as food & non-alcoholic beverages, which kept consumer-price growth above the BOE' target of 2%. The CPI annual inflation was unchanged at 2.7% in November 2012, according to the Office for National Statistics. "Consumers' spending power is

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