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US January consumer confidence hits highest since May

U.S. consumer confidence rose more than expected in January to its highest level in eight months, helped by growing optimism about the economy and the jobs market, according to a private sector report released on Tuesday.

German consumer sentiment continues to improve

German consumer sentiment continued its upward trend in January as a propensity to buy improved significantly and economic expectations remained high, market research group Gfk said on Tuesday.

The ET effect on religion: Did Jesus have incarnations on alien planets?

An extraterrestrial being is that funny-looking creature with frail limbs who pops his oversized head out of the Saturn-like dwelling in which he lives and flies, and who makes himself available for mortal gaze when and where he pleases. He is the ultimate bogeyman, instigator of curious debates, one who holds the high seat in enigma's realm. Some believe he exists, some don't. Now there is a new study that throws some light into the effects of the extra terrestrials on science and religio...

Oil prices to be stable, says Naimi

Saudi Arabian Oil Minister Ali Naimi said on Monday that he expected oil markets this year to be in balance and price stability to continue at 2010 levels.

Timeline of recent bomb attacks in Moscow

A deadly blast at Moscow's Domodedovo airport killed at least 23 people on Monday, agencies have reported. Following is a timeline of major attacks in Moscow in recent times:

Eurozone PMIs reveal solid start to the year

Factories in the euro area witnessed strong price increases in January while the services sector too posted better-than-expected growth, suggesting the eurozone has made a solid start to the year.

Flood waters rush towards Australia's Murray River, more evacuated

More people were evacuated in Australia’s Victoria state on Monday as deadly flood waters continued to swamp huge swathes of land in the country’s southeast, and the State Emergency Service said as many as 76 towns in the state have been affected by the flooding.

US gasoline stocks rose last week

US gasoline stocks rose 4.443 million barrels during the last week as demand languished at seasonal levels while the output from refineries rose, Platts said in a release.

Donald Trump loves to hate China

Donald Trump, billionaire real estate mogul and outspoken critic of China, has been on a freewheeling China-baiting spree of late. The Chinese are not friends, but enemies, and that they do not understand niceness, Trump said in CNN’s Situation Room with Wolf Blitzer.

Japan presents upbeat economic outlook

The Japanese cabinet office said on Friday the economy is showing signs of growth momentum and that the exports sector has been helped by China's growth and strong recovery in the U.S.

Snow hits UK retail sales

UK retail sales slid 0.8 per cent in December as food, petrol and clothing sales remained under pressure and the adverse effects of the snow dented high street spending.

Will EU bigwigs give cheaper funds to rescue Greece from default?

The Irish Times reported on Friday EU finance ministers have opened tentative talks on the restructuring of Greek sovereign debt but analysts have pointed out that the European Financial Stability Facility (EFSF) will not be enough to take Greece through a successful debt restructuring.

China rate hike looms as inflation becomes political issue

Close on the heels of a China central bank adviser hinting at an imminent rate hike, a state-controlled newspaper has said more rate hike is on the cards, probably as early as in February, confirming the dominant view that Beijing will pull out all the stops to address what is becoming a serious political problem.

Manufacturing expands in Philadelphia area

Manufacturing activity in the Philadelphia area continues to expand in January with all broad indicators remaining positive and supported by a pickup in new orders and employment, the Philadelphia Fed's survey showed on Thursday.

'Silver prices set to leap four-fold in three years'

Silver prices could hit an incredible $120 in just three years, propelled by a physical shortage in the silver market and further momentum in economic recovery, CommodityOnline has reported citing a report by thesilvershortage.com.

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