British retail sales fell slightly less than expected in August, but the underlying trend remained flat, as consumers continued to rein in spending at a time of great economic uncertainty, official data showed on Thursday.
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Gold steadied on Thursday but was still under pressure from rising equities and optimism over tentative steps by European policy makers to resolve and contain the region's debt crisis.
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"Inflation in UK will drop next year and growth prospects remain low ,"Chris Scicluna, deputy head of economic research at Daiwa Capital Markets, told CNBC.
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Sharing perspective on investment strategy during a low Euro at $1.349, with Matt Shapiro, MWS Capital, Drew Kanaly Trust Company, and CNBC's Rick Santelli.
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European shares fell sharply on Monday amid renewed fears over the euro zone debt crisis and a warning from Deutsche Bank’s CEO on the outlook for banks.
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"It is going to get more complicated as we get into the Autumn. It has been a difficult August but no we come into the final quarter of the year, in a year when a lot of traders arent making any money when institutions are finding their balance sheets are increasingly constrained and that...
Gold regained strength on Tuesday as bargain hunting resurfaced after prices dropped more than 2 percent in the previous session, but higher equities and* easing worries about recession in the United States could limit* gains.**
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In the very unlikely event that the United States defaults on its debt obligations, the country's economy would contract by 5 percent and stocks would fall by nearly a third, according to Credit Suisse.
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The euro stayed on the back foot in Asia on Wednesday, having suffered a steep fall against the Swiss franc and the dollar after Moody's slashed Portugal's credit rating to junk status.
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The level of suspicious trading ahead of UK mergers and acquisitions fell sharply last year to 21 percent, the lowest level since 2003, as regulators around the world intensified efforts to combat insider trading, the FT reported.
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Gold rebounded on Tuesday after posting its biggest one-day loss in a month in the previous session on growing worries about another economic downturn, but a weaker U.S. dollar could offer some support.
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