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China's exports up 46% in February |
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Written by Information Services Dept.
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Wednesday, 10 March 2010 07:11 |
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China's exports jumped by 46% in February compared with a year ago, raising hopes of a strong recovery in global trade.
The increase was higher than analysts' expectations of a rise of between 35% and 40%. It is likely to increase pressure on the Chinese government to raise the value of the yuan, which the US in particular complains is undervalued.
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US borrowing saw unexpected rise in January |
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Written by Information Services Dept.
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Saturday, 06 March 2010 09:57 |
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Borrowing by US consumers rose for the first time in a year in January, according to the Federal Reserve.
The central bank said consumer credit rose 2.4% or $5bn (£3.3bn) from December 2009 to a total of $2.45 trillion in the first month of 2010. It was the first gain after a record 11 straight declines and it was the largest increase since July 2008.
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Manchester United Red Knights 'will not overpay' |
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Written by Information Services Dept.
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Saturday, 06 March 2010 09:54 |
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The group of wealthy supporters considering a takeover of Manchester United say they will not overpay for the football club.
The so-called "Red Knights" said they would only pay a "fair price", although they have not said what that might be.
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