Economy News
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U.K. producer prices rose in July as food and clothes costs surged, pushing the annual rate to the fastest since October 2008.
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Spanish industrial production dropped in June after stalling in the previous month as the economy struggled to emerge from a three-year slump.
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Chairman Ben S. Bernanke and his Federal Reserve colleagues are preparing to meet next week as two-year Treasury yields at a record low signal a U.S. economy on the knife’s edge between growth and contraction.
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European Central Bank President Jean- Claude Trichet may be forced to step up his fight against the sovereign debt crisis after a resumption of bond purchases yesterday failed to halt a rout in Italy and Spain.
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