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German GDP Growth Exceeds Estimate On Investment, Exports

The German economy grew more than initially estimated in the fourth quarter driven by construction investment and exports, revised data from Destatis showed on Wednesday. Gross domestic product grew 0.3 percent sequentially in the fourth quarter instead of 0.1 Read More →

Dollar Turns Weak Against Most Of Its Peers

The U.S. dollar recovered after early weakness on Wednesday but started losing ground past noon, weighed down by remarks by the Federal Reserve Chairman Jerome Powell that interest rates will remain at near-zero levels for the foreseeable future.Original Article Read More →

U.S. New Home Sales Spike Much More Than Expected In January

Data released by the Commerce Department on Wednesday showed a much bigger than expected jump in new home sales in the U.S. in the month of January. The Commerce Department said new home sales spiked by 4.3 percent to an Read More →

Dollar Gains Against Other Major Currencies

The U.S. dollar firmed up against most of its peers on Tuesday, recovering from recent losses.Original Article Read More →

Nestle To Sell North American Waters Brands In $4.3 Bln Deal

Swiss food and beverage giant Nestle SA announced Tuesday its agreement to sell Nestlé Waters North America brands to One Rock Capital Partners LLC in partnership with Metropoulos & Co. for $4.3 billion. The divesting businesses include its regional spring Read More →

U.S. Retail Sales Spike 5.3% In January, Much More Than Expected

Following recent declines in U.S. retail sales, the Commerce Department released a report on Wednesday showing retail sales rebounded by much more than anticipated in the month of January. The Commerce Department said retail sales spiked by 5.3 percent in Read More →