Economy News
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Britain faces "brain drain" as jobs dry up
LONDON - Tired of constant rejection emails, an increasing number of graduates are packing their bags and leaving Britain for job opportunities abroad, raising concerns of a "brain drain".
Treasury grabs BoE cash for short-term boost
LONDON - The government said on Friday it would grab an expected 35 billion pound surplus from the Bank of England's bond-buying programme to reduce short-term borrowing.
UK trade deficit narrows more than forecast
LONDON - Britain's trade deficit narrowed more than expected in September, and third-quarter construction output fell by a similar amount to earlier estimates, reducing the chance of a downward revision to quarterly GDP.
Bank of England votes against another cash boost for now
LONDON - The Bank of England opted on Thursday not to pump more cash into the fragile economy, as policymakers pin their hopes on the bank's new lending scheme and some worry about inflation.
Permanent jobs grow at fastest pace since May 2011
LONDON - Permanent job placements in Britain rose for the first time since May, growing at their fastest pace in 17 months in October driven by employer confidence, a survey showed on Thursday.
London finance firms to axe 13,000 jobs in 2013 - study
LONDON - London's financial sector will lay off 13,000 staff in 2013, cutting employment in a key UK economic sector to a 20-year low, as job vacancies also drop in Europe and even Asia, studies showed.
Slump in UK industrial output dents recovery hopes
LONDON - British industrial output fell more sharply than expected in September, data showed on Tuesday, reinforcing fears an incipient recovery will struggle to gather pace.
Retailers see sharp slowdown as Britons cut back
LONDON - Retail sales slowed sharply in October as Britons limited to spending to essentials such as food and drink, the British Retail Consortium said on Tuesday, dampening hopes that consumers will drive the economic recovery.
UK car demand rises in October
LONDON - Demand in Britain for new cars picked up in October, car manufacturing lobby SMMT said on Tuesday.
House prices fall at faster rate in October
LONDON - House prices in Britain fell at a faster rate in October as the overall economy stayed weak, lender Halifax said on Tuesday.
- Europe
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- Sectors
| DOW | 12,816.70 |  +1.31 |
+0.01% |
| S&P; 500 | 1,380.00 | +0.15 |
+0.01% |
| NASDAQ | 2,904.25 |  -0.62 |
-0.02% |
| TR US Index | 124.82 | -0.01 |
-0.01% |
Sector Summary
| Energy | -0.07% |
| Basic Materials | -0.34% |
| Industrials | +0.08% |
| Cyclical Goods & Services | -0.05% |
| Non-Cyclical Goods & Services | -0.17% |
| Financials | +0.16% |
| Healthcare | +0.35% |
| Technology | -0.39% |
| Telecoms | +0.15% |
| Utilities | -0.56% |
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