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Opec+ meeting delay "hints at growing rift among producers"
(Alliance News) - International oil prices recovered slightly from Wednesday's fall on Thursday, after a key ministerial meeting of the Organization of the Petroleum Exporting Countries and its allies...
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UK gets "rare positive news" in November flash PMI, thanks to services
(Alliance News) - The UK economy edged back into growth territory in November, according to preliminary purchasing managers' index data on Thursday, which analysts said provided reassurance that the UK...
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Battle against rising prices in UK continues with Ofgem price cap
(Alliance News) - The average household energy bill is set to rise by GBP94 a year from January, in a "timely reminder" that some prices are still increasing....
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BoE's course "clear" to cut rates next year after Autumn Statement
(Alliance News) - The course is now "clear" for the Bank of England's Monetary Policy Committee to cut bank rate next year, according to Pantheon Macroeconomics, citing "no major pre-election...
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UK housing market recovery "clicking into place" ahead of spring
(Alliance News) - Some stability will come to UK house prices soon, as mortgage rates ease, analysts at Pantheon Macroeconomics believe. ...
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UK retail sales in October at worst level since height of pandemic
(Alliance News) - UK retail sales in October fell to their lowest level since a Covid-19 lockdown-hit February 2021, with analysts speculating that consumers are still wary ahead of Christmas....
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Sharp drop in UK inflation shifts focus to timing of BoE rate cuts
(Alliance News) - A sharper-than-expected drop in UK consumer price inflation has all but quashed any thoughts of a further interest rate hike by the Bank of England, with market...
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UK economy flatlines but 2024 recession "bordering on inevitable"
(Alliance News) - The UK economy has dodged a technical recession for now, but analysts contend that its real weakness will be revealed in 2024. ...
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China slips back into deflation amid need for further stimulus
(Alliance News) - The latest Chinese inflation data came in worse-than-expected, highlighting that officials have their work cut out in reviving still-sluggish demand in the world's second largest economy....
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Australia hikes interest rates calling into question Fed's next move
(Alliance News) - The dollar recovered somewhat on Tuesday, as Australia's interest rate hike urged analysts to rethink the prevailing dovish narrative....
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