Mena News

 

  OECD inflation declines to two-year low
Mar , 06 , 2013  
  Consumer price inflation in the Organization for Economic Cooperation and Development (OECD) area decelerated significantly to 1.7% in January from 1.9% in December. Meanwhile, core inflation, which excludes food and energy prices, remained unchanged at 1.5%.
 

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  US service sector expands at faster rate
Mar , 06 , 2013  
  Activity in the US service sector increased at a faster rate in February, with the ISM non-manufacturing index moving up to 56.0 from 55.2 in January. The market expected the index to slip to 55.0.
 

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  Spainís unemployment increases at slower pace
Mar , 05 , 2013  
  The number of unemployed persons in Spain rose at a slower pace of 1.2% MoM to 5.04mn in February. On an annual basis, unemployment increased 7.0% during the month, slower than 8.3% in January.
 

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  UK retail sales jump in February
Mar , 05 , 2013  
  Retail sales in the UK rose a sharp 4.4% YoY in February. Same store sales were up 2.7%, marking the highest growth since April 2011.
 

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  UK construction activity declines sharply
Mar , 05 , 2013  
  Construction activity in the UK declined at the fastest rate since October 2009 due to a fall in output and new works. The Markit/Chartered Institute of Purchasing & Supply Purchasing Managers' Index slipped to 46.8 in February from 48.7 in January. In contrast, the market forecasted the index to rise to 49.
 

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  Eurozone investor confidence deteriorates in March
Mar , 05 , 2013  
  Investor confidence in the Eurozone deteriorated in March after improving for six consecutive months. The Sentix investor confidence index declined to -10.6 from -3.9 in February.
 

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  Eurozone output price inflation falls to six-month low
Mar , 05 , 2013  
  Producer price inflation in the Eurozone slowed to the lowest level in six months in January, coming in at 1.9% vis-ŗ-vis 2.1% in December. This is the lowest growth since July 2012, when prices climbed 1.6%. Prices of energy increased 2.8% and capital goods 0.7%.
 

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  Dubaiís inflation rises in January
Mar , 05 , 2013  
  Dubaiís Consumer Price Index (CPI) rose 0.53% MoM in January, led by transport (1.61%), housing, water, gas, electricity and other fuels (1.46%), recreation and culture (1.44%), health (0.83%), restaurant and hotels (0.66%), and alcoholic beverages and tobacco (0.47%).
 

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  Emaar Properties to commence sale of project in Turkey
Mar , 05 , 2013  
  Emaar Turkey, the wholly owned subsidiary of Emaar Properties, would commence the sale of luxury serviced five-star residences in Istanbul.
 

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  Fitch affirms investment grade rating for Samba Financial Group
Mar , 05 , 2013  
  Fitch affirmed Samba Financial Groupís rating at A+ with a stable outlook. The strong rating reflects sovereign support and the bankís robust financial profile, liquidity and capital position, and strong market presence.
 

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