INFLATION

Eurozone economy grew 0.3 pct in fourth quarter

Germany's Agriculture Minister Aigner talks with EU Health and Consumer Policy Commissioner Dalli during an EU Agriculture and Fisheries Ministers' meeting in Brussels.
Gross domestic product (GDP) of the eurozone grew 0.3 percent in the last quarter of 2010, mainly boosted by exports from the region, according to the second estimates released by Eurostat on Thursday.
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Bernanke sees little effect on U.S. from pricey oil

The recent surge in oil prices is unlikely to have a big impact on the U.S. economy, but could lead to weaker growth and higher inflation if sustained, Federal Reserve Chairman Ben Bernanke said on Tuesday.
EU raises euro area GDP growth forecast for 2011

EU raises euro area GDP growth forecast for 2011

Eurozone gross domestic product (GDP) will rise 1.6 percent this year, slightly above the previously forecast growth rate of 1.5 percent, the European Commission said in a report on Tuesday.
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China, India PMIs show inflation pressures

Costs for Chinese and Indian factories jumped in February, pointing to a need for more measures to prevent inflation from undermining the world's two fastest-growing economies, surveys showed on Tuesday.

Bernanke to tread cautiously before Congress

Federal Reserve Chairman Ben Bernanke will likely remain skeptical about the strength of the economic recovery in testimony on Tuesday, despite recent data pointing to improvement, signaling the central bank is unlikely to cut short its $600 billion stimulus plan.
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Budget mum on fuel taxes, sparks price rise talk

India's budget belied expectations of cuts in fuel taxes on Monday, denying any relief to state-run oil firms but boosting chances of a planned ministerial meeting taking up the issue of raising prices soon.
Allianz IM unit eyes China for pensions growth-CEO

Allianz IM unit eyes China for pensions growth-CEO

Allianz Global Investment (AGI), the funds arm of one of Europe's largest insurers, see growth opportunities in China's burgeoning pensions market, where ageing residents are battling to fund their retirements.
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Gold in February with biggest monthly gain since August

Gold was little changed near $1,410 an ounce on Monday but notched its biggest monthly gain since August as chaos in Libya and rising tensions across the Middle East prompted investors to buy the metal as a safe haven. The US dollar lost its status and is at November lows.
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East Asia growth may need to slow: World Bank's Lin

East Asia's economy may need to slow to address inflationary pressures but the region will likely continue to lead the globe in economic activity, World Bank Chief Economist Justin Yifu Lin said on Monday.
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Dudley says Fed is far from achieving mandate

A key Federal Reserve official said on Monday the economy can grow for a while before inflation pressures emerge and that policymakers should be wary of withdrawing their support for the economy too soon.
China vows to develop gold market as demand rises

Analysis: Jewellery demand supports gold in investment demand dips

The proportion of total gold demand accounted for by jewelry fell to just over 50 percent in 2009 from 75 percent in 2004. In the same period investment demand nearly tripled. But jewelry buyers still have a key role to play in the gold market, which they are likely to keep despite any slight fall-off in demand.
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Gold rises above $1,410/oz on Mideast tensions

Gold rose to $1,413 an ounce in Europe on Monday as turmoil in the Middle East region lifted safe-haven buying and fueled a fresh spike in oil prices, stoking concerns over U.S. growth and knocking the dollar.

Food drives Ugandan inflation rate higher again

A 2.0 percent jump in Ugandan food prices in February from a month earlier helped drive the country's headline inflation rate higher for the fourth month in a row, the statistics office said on Monday.

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