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Nipc, Business in Tug-of-War

TENSION is rising between the business community and the National Incomes and Pricing Commission (NIPC) following the recent increase in the prices of basic commodities after the liberalisation of the foreign currency exchange rate policy.

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Weak data keeps Dollar under pressure

The dollar remained on the back foot on Friday following contrasting data that showed a deterioration in US activity but forecast-beating growth data from the eurozone and Japan.

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German growth helps spur eurozone

A dramatic German growth spurt powered a reacceleration in eurozone growth at the start of this year, in contrast to the sharp US slowdown

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Sales slump sends NZ dollar to 3-month low

The New Zealand dollar dropped sharply to a four-month low against the dollar on Thursday after a slump in retail sales added to recent evidence that the country's economy was slowing rapidly.

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Growth data boost euro

The euro advanced on Thursday after figures showed German economic growth surged to its fastest pace in in twelve years and French GDP data came in better than expected.

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Insight: Forex in a class of its own

Beyond just managing risk, thinking more creatively about currencies can create the opportunity for profit, writes Claire Dissaux

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Bleak inflation outlook hits pound

Sterling sank to three-month lows after the Bank of England's latest quarterly inflation report painted a grim picture of the UK economy for the second half of the year

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Economic woes begin to hit UK jobs market

Signs that the credit crunch and stuttering economic growth have begun to hit the jobs market have emerged with official figures showing the number of people claiming jobless benefit has risen for the third month in a row.

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BIS warns over forex settlements risk

More action is needed to reduce foreign exchange settlement risk to avoid a meltdown in the global financial system, the Bank for International Settlements said

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Pound falls as economic gloom deepens

A toxic mix of data showing slowing economic activity and rising prices sent the pound down towards a three-month low against the dollar on Tuesday.

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Rate cut hopes fade as inflation surges to 3%

Consumer price inflation shot up at the fastest rate in more than five years in April to hit an annual rate of 3%, knocking expectations of further cuts in interest rates

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Traders bet on euro decline

Further evidence that the euro might have peaked against the dollar arrived over the weekend as figures from the Chicago Mercantile Exchange showed that speculative investors were net sellers of the single currency for the second week running

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UK producer prices rise at record rate

UK manufacturers' costs and their selling prices rose at the fastest rate on record in April, official data showed, raising doubts over the Bank of England's scope to cut interest rates next month.

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Napocor to file 9th Gram and 8th Icera

MANILA, May 12 (PNA) - State-run National Power Corporation (NPC) on Sunday denied they made over recoveries from July 2006 up to March 2008 after they failed to file the Generation Rate Adjustment Mechanism (GRAM) and Incremental Currency Exchange Rate Adjustment (ICERA).

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Costly euro driving travelers away

Currency exchange rates across the 21-country European Union are prompting international travelers to look elsewhere this summer. "More people are traveling internationally, but where they're going is different," says Amy Ziff of Travelocity, the online travel agency.