Stock markets rise on hopes of Greece deal

Source By bbc… Stock markets have risen on the hope that a deal may finally be agreed between Greece and its creditors, after Athens submitted fresh proposals to try and avoid defaulting on its debts. Paris and Frankfurt markets were up 3.3%, while London’s FTSE 100 was 1.4% higher. Japan’s Nikkei closed up 1.3%. Greek […]

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  • BRICS Bank to commence business on 7 July

    Source By thebricspost… The BRICS New Development Bank will be launched at the first session of its Board of Governors in Moscow on 7 July, Russian officials have confirmed. Russian Deputy Finance Minister Sergei Storchak announced at the St Petersburg International Economic Forum on Friday that the BRICS Bank will be ready for action after the […]

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  • UK retail sales growth slowed in May

    Source By bbc… UK retail sales rose by 0.2% in May, a slowdown from a rise of 0.9% in April, after shoppers bought fewer clothes. The Office for National Statistics said clothing sales were 1.6% down on April’s level, the biggest fall since September 2014. The fall included a drop in internet clothing sales. Economists […]

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  • The wealth of nations

    Source By economist… LAST year, global private wealth grew by 12%, or $17.5 trillion, to reach $164 trillion (in stocks, bonds, savings and cash) according to a report released this week by BCG, a consultancy. Good news for many, but particularly for Asia, where private wealth grew by a whopping 29% compared to 5.6% in North […]

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  • UK house price growth slows, says ONS

    Source By bbc… UK house price growth eased in the year to April, partly due to a slowdown in London, official figures have shown. Prices rose by 5.5% – compared with a 9.6% rise in the year to March – the slowest annual price growth since December 2013, the Office for National Statistics (ONS) said. […]

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