UK Factory Gate Prices in Sharp Decline
The Office for National Statistics (ONS) said today that UK Factory Gate Prices – a measure of the cost of goods leaving factories – declined at the fastest annual rate in eight years during the month of June. Altogether,prices fell 1.2 percent compared to 0.3 percent in May. More
Obama Tells G8 that Recovery “A Ways Off”
While addressing delegates near the end of the Group of Eight summit, President Barack Obama said that despite some recent headway, a “full recovery is still a ways off.” More
Oil Falls Below $60 a Barrel
Oil prices dropped below $60 a barrel to $59.72 in electronic trading on the New York Mercantile Exchange as investors weigh the impact of decreasing global demand. More
Canadian Unemployment Climbs to 8.6%
Canada’s unemployment rate rose to 8.6 percent from 8.4 percent, as the economy shed another 7,400 jobs in June. The actual number of jobs lost was much less than the 35,000 jobs as predicted by a survey of analysts. More
