U.S. import prices surprisingly stay flat in December

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Source: RTT News
Import prices in the world's largest economy remained unchanged in December after recording drops in the previous two months, a report published by the Labor Department showed on Wednesday. According to the report, the country's import prices stayed flat in December after falling 0.9% in November and by 0.6% in the month of October.

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Wed, 15 Jan 2014 09:30:09 GMT

Greenback rises before Fed's business survey

U.S. currency jumped on Wednesday rising against the majority of its most-traded counterparts and rebounding from the lowest level in two weeks against the euro-area currency before the Beige Book business survey was released by the U.S. Fed. The so-called Greenback added 0.3% to $1.3637 by 6:50 a.m. London time following a drop to $1.3699, the least since January 2.

Wed, 15 Jan 2014 09:08:08 GMT

World Bank sees global economy growing faster

Global economy growth projection was improved by the World Bank mainly due to a reduction of some fiscal consolidation measures implemented by high-income countries, a report published by the bank showed on Wednesday. According to the report, the world economy is set to grow 3.2% this year compared to previous expectation of a 3% acceleration in the June data.

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