BUENOS AIRES (Dow Jones)–The Argentine peso weakened at an unusually sharp pace in afternoon trading Monday, falling by more than two centavos to ARS3.6825 to the U.S. dollar.
That puts the peso down from ARS3.6575 on Friday.
“The buy-sell gap is unusually large - more than a centavo - because there are so few dollars available dollars [...]
BRUSSELS (AFP)–The European Commission will give Greece until 2010, France and Spain to 2012 and Ireland until 2013 to bring their budget deficits into line with European Union rules, an official said Monday.
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LONDON -(Dow Jones)- U.K. Prime Minister Gordon Brown said Monday that making progress in the Doha trade round would require very difficult and sensitive talks.
Speaking in parliament, Brown said that the obstacle in getting a trade deal wasn’t the position of the U.K. or of Europe, but getting an agreement with the U.S. and India.
Doing [...]
LONDON (Dow Jones)- U.K. economic optimism is now at its highest level since August 2007, an Ipsos MORI published Monday shows.
However, those who think the economy will get worse over the next 12 months (52%) still outnumber those who think it will improve (23%).
The company’s Economic Optimism Index, namely those who think it will get [...]
Data seasonally adjusted except actual, which is not seasonaly adjusted.
Median and average prices for existing and single family homes in dollars.
Housing construction and homes sold in 1,000 units.
R = revised.
(*) data reflect the increase in the universe of permits-issuing places
from 19,000 to 20,000 places.
tbr = To Be Released.
Existing home sales data are seasonally adjusted annual rates (in millions).
Average and median sales prices are not seasonally adjusted in thousand dlrs.
Source: National Association of Realtors.
SAO PAULO (Dow Jones)–Brazil posted a foreign trade surplus of $619 million in the March 16-22 period, the Trade and Development Ministry said Monday.
For the period, exports totaled $2.793 billion while imports were $2.174 billion. Year-ago figures weren’t provided.
With the new March figures, Brazil’s year-to-date trade surplus fell to $2.28 billion from $2.33 billion seen [...]
LONDON (Dow Jones)- Bank of England Monetary Policy Committee member David Blanchflower said Monday forecasters tend to underestimate unemployment in downturns, so estimates that the U.K. jobless rate will hit three million are probably too optimistic.
Speaking to lawmakers on how to tackle the problem of unemployment, Blanchflower - a labor economist - criticized calls Monday [...]
LONDON (Dow Jones)–Following are European Central Bank foreign exchange reference rates. All currencies are quoted against the euro.
US Dollar USD 1.3558
Japanese yen JPY 131.12
Bulgarian lev [...]
CHICAGO (Dow Jones)–The nation’s economy remained in deep recession during a three-month period ending in February.
However, data released Monday by the Federal Reserve Bank of Chicago indicated the contraction in economic activity may have bottomed out in January when it dropped to a 34-year low.
The Chicago Fed’s National Activity Index’s moving average for the three-month [...]
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