US consumer credit grows at a slow pace

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Source: The Wall Street Journal
US consumer credit rose slower than expected in April. According to a Federal Reserve report, consumer borrowing increased by $6.51billion to $2.551 trillion in March, thus expanding at a 3.1% annual rate. Concerns over deepening Eurozone's debt crisis and slow job creation in the US put under question consumer's willingness to spend. 
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Fri, 08 Jun 2012 07:39:28 GMT

Oil approaches longest weekly loss in 13 years

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