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Economy

Demographic

Demographic

Demographic is the study of a population based on factors such as age, race and sex, among others. Governments, corporations and non-government organizations use demographics to learn more about a population’s characteristics for many purposes, including policy development and economic …

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Inflation

Inflation

Inflation is a sustained increase in the general level of prices of goods and services in an economy. When the price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing …

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Interest Rates

Interest Rates

An interest rate is the cost of borrowing money, or conversely, the income earned from lending money. Interest rates are expressed as percentage of the principal per period. “Reduced interest rates encourage people to spend money on home improvements”   …

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Commodity

Commodity News

SCIENTISTS DISCOVER RARE EARTH METALS Japanese scientists have discovered a vast geological deposit rich in rare metals that can be used in many industrial products. The treasure trove was found on an underwater mountain in the Pacific Ocean, some 300 …

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Commodity

Commodity News

IRON ORE FALLS AS FUTURES PLUNGE The spot price of iron ore dropped, extending last week’s selloff, paced by a plunge in Chinese iron and steel futures. Ore with 62 percent content shed 2.5 percent to $US57.02 a ton on …

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Commodity

Commodity News

EDIBLE OIL PRODUCERS WORRIED OVER 5PC GST Oilseeds will attract 5 percent tax under goods and services tax, unlike most other agricultural produce such as grains and pulses that have been exempted under the new regime that is set to …

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Commodity

Commodity News

OIL SLIPS AFTER TURMOIL SURROUNDING DONALD TRUMP Oil is getting ensnared in the turmoil surrounding Donald Trump just as signs emerge that US crude production which has undercut OPEC’s output curbs is finally easing. Oil prices slipped on Thursday as …

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Commodity

Commodity News

WORLD OIL TO RISE FASTER, US OUTPUT TO HIT A RECORD The Energy Information Administration (EIA) said last week, US domestic output will climb to a record 9.96 million barrels a day in 2018, up from 9.9 million barrels projected …

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Commodity

Commodity News

GOLD LOGS LOWEST END IN A MONTH Gold prices closed on Wednesday at their lowest level in about a month, then fell further in electronic trading as the dollar strengthened against currency rivals following the Federal Reserve’s monetary policy statement. …

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Commodity

Commodity News

EDIBLE OIL PRODUCERS TO CUT PRICES BY 15PC In a major relief for consumers, edible oil producers are looking to cut their product prices by up to 15 percent effective immediately to pass on the similar fall in global markets …

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