Oil falls on fears faltering economic growth to hit demand

© Reuters. FILE PHOTO: A petrol station attendant prepares to refuel a car in Rome, Italy, January 4, 2012. REUTERS/Max Rossi By Noah Browning LONDON (Reuters) -Oil prices edged down on Wednesday as expectations grew that demand growth will fall as inflation and supply chain issues strain major economies, though surging prices for power generation […]

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Spain cuts 2021 growth forecast to 6.5% after first-quarter contraction

© Reuters. FILE PHOTO: Informal Meeting of Ministers for Economics and Financial Affairs in Berlin By Belén Carreño and Nathan Allen MADRID (Reuters) – Spain’s government slashed its forecast for this year’s economic recovery on Friday to reflect a COVID-induced contraction in the first quarter and expected delays to the arrival of EU rescue funds. […]

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Dollar Edges Higher; U.S. Growth Profile Looks Impressive

© Reuters. By Peter Nurse Investing.com – The dollar edged higher in early European trading Tuesday,  with traders retaining a largely positive tone on the back of signs of strong U.S. economic growth and an impressive vaccine rollout.  At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of […]

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Robust U.S. employment growth expected in March, jobs deficit remains large

© Reuters. FILE PHOTO: Construction workers wait in line to do a temperature test to return to the job site By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers likely stepped up hiring in March amid increased vaccinations and more pandemic relief money from the government, which would cement expectations for a boom that could push […]

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New U.S. trade ‘czar’ Tai vows to promote equitable growth, give workers more say

© Reuters. FILE PHOTO: U.S. Senate Finance Committee conducts hearing on nomination of Katherine Tai to be U.S. Trade Representative. WASHINGTON (Reuters) – New U.S. Trade Representative Katherine Tai vowed on Friday to leverage trade to help the U.S. economy recover from the coronavirus crisis by focusing on policies that promoted more equitable growth and […]

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Gap forecasts return to sales growth on Athleta boost, vaccine roll-out

© Reuters. A Gap Inc. retail store is shown in La Jolla (Reuters) – Apparel retailer Gap Inc (NYSE:) on Thursday forecast a return to sales growth this year, as it expects sales at its Athleta brand to double in the next two years and the roll-out of COVID-19 vaccines to drive traffic at its […]

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Dollar Edges Higher; Euro Suffers From Growth Comparison

© Reuters. By Peter Nurse Investing.com – The dollar edged higher in early European trading Wednesday, particularly against the euro as traders fret about the state of Europe’s pandemic recovery, particularly weighed against its U.S. equivalent. At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other […]

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Euro zone economies’ plucky fourth-quarter belies troubled growth outlook

© Reuters. The spread of the coronavirus disease (COVID-19) in Germany By Paul Carrel and Leigh Thomas BERLIN/PARIS (Reuters) – Growth in Germany and Spain and a smaller-than-expected contraction in France pointed to resilience in the euro zone economy in the final three months of last year, but the bright spot belies a more troubled […]

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