News

US chemical industry set for a good 2014

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The US chemical industry is forecast to have a good year ahead, as the production of natural gas and shale increase and boost exports,...

US current account deficit 4-year record low

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The US current account deficit for the third quarter of 2013 was $94.8 billion, a 4-year record low, according to figures published by the...
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Glaxo to stop paying doctors for promoting its drugs

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Glaxo (GlaxoSmithKline) announced that it is to stop paying doctors for promoting its medications. After a bribery scandal in China in which the company was...
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UK companies positive on job creation

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More than half of UK companies say they expect to create new jobs, the first time since the start of the Great Recession, according...
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What is inflation? Its causes and effects

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Inflation is the rate at which general market prices rise. It is the opposite of deflation. When inflation increases, each unit of currency buys a...
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OPEC pumps less crude oil in November

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November crude oil production among OPEC countries fell 230,000 barrels per day from October to 29.7 million b/d, the lowest total since mid-2011, according...

Americans perceive income inequality ‘far too pessimistically’

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Americans perceive incomes and income inequality 'far too pessimistically,' according to a US study that surveyed 500 people online and asked them questions about...
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US labor productivity rises 3%

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Non-farm US labor productivity in the business sector rose by an annualized rate of 3% during Q3 2013, according to the US Bureau of...

Eurozone economic recovery lopsided

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Although the Eurozone economic recovery continues, Markit’s latest PMI (Purchasing Managers’ Index) for December shows a wide difference between the two largest economies, France...
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December Chinese manufacturing slips to three month low

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December Chinese manufacturing slipped to 50.5 compared to 50.8 November, according to a new HSBC/Markit Flash China Manufacturing PMI (Purchasing Managers’ Index) released to today. The...