US jobless claims unexpectedly surged last week

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Source: Bloomberg
The number of applications for US unemployment benefits unexpectedly fluctuated close to four-month record high last week, signalling the recovery may be slowing. Jobless claims declined by 2000 from a reviewed 388 000 to 386 000 during the week that ended April 14, Labor Department reported on Thursday. Economists questioned by Bloomberg earlier predicted a fall to 370 000.
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Fri, 20 Apr 2012 06:24:16 GMT

US existing homes sales dropped in March

Sales of US existing homes unexpectedly declined in March, the third time during last four months, indicating disproportionate recovery in the property market. previously owned home purchases fell 2.6% to a annual 4.48 million compared to annual 4.6 million rate in February. Economists questioned by Bloomberg predicted an increase to 4.61 million. Nevertheless housing market follows upward trend in last 9

Thu, 19 Apr 2012 14:55:14 GMT

Sugar slid on prospects for more Indian exports

Rural commodities continued to fall as excellent weather conditions in the key planting regions escalated worries over surplus in the market.Sugar was the top-loser after India reported it plans to allow additional one metric ton of the sweetener's exports this year to ease oversupply in the domestic market.Coffee rebounded after previous lows as concerns over record low Colombian crops provided

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