Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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    rocky
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    Posts : 247295
    Join date : 2012-12-21
    • Post n°1

    Out of bounds Empty Out of bounds

    Post by rocky Fri 19 Jan 2018, 5:53 am

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    BRUSSELS 
    ( 
    Reuters) - Declines in telephone, clothing and vegetable prices have slowed consumer price growth in December, as expected, despite a rise in the price of fuel and cigarettes in the eurozone, data showed on Wednesday. 
    According to the data, the central bank's inflation rate has also stabilized little changed. 
    Consumer price inflation in the 19-nation eurozone was 0.4 percent on a monthly basis in December and 1.4 percent year on year, down from 1.5 percent in November, the European Union's statistics office said.
    Of all components, energy prices recorded the biggest annualized increase of 2.9 percent in December, while the price of unprocessed food rose 1.9 percent. Excluding these two extremes, or the so-called European Central Bank inflation, prices rose 1.1 percent year-on-year, the same rate as November and October. 
    Some economists believe that the best measure of inflation is that not only does energy and unprocessed food be excluded, but also alcohol and tobacco, goods whose prices are usually affected by changes in government taxes. 
    But this measure also stabilized at 0.9 percent in December, unchanged from the previous two months. 
    The ECB wants to keep inflation below 2 percent in the medium term and buy government bonds on the secondary market to pump more liquidity into the banking system to stimulate credit in the economy.
    But while the euro-area economy is growing at its fastest pace in a decade and unemployment is at nine-year lows, this has yet to translate into a much faster rate of growth.
     
    RIYADH: 
    Saudi 
    Arabia's King Salman bin Abdul Aziz ordered Wednesday the deposit of two billion dollars in the Central Bank of Yemen to support the weak Yemeni currency , the Saudi government said. 
    The move comes days after the Yemeni prime minister appealed for money to support the riyal and help save the war-torn country from hunger. 
    "This is not a loan, it is a deposit and the legitimate Yemeni government will not have to pay it," said a source close to the Saudi government.
    Yemen is divided by the nearly three-year-old civil war between the internationally recognized government backed by Riyadh, based in the south of the country and the Houthi movement allied to Iran, which controls the north of the country, including the capital Sana'a. The Yemeni riyal has more than half of its value against the US dollar High prices have caused many Yemenis to be unable to buy some basic commodities. 
    The Central Bank of Yemen, based in the southern port city of Aden, faces difficulty in paying public sector salaries that many Yemenis depend on as foreign exchange reserves fall. 
    "Saving the riyal means saving Yemenis from inevitable hunger," Yemeni Prime Minister Ahmed Ben Dajar said on Wednesday.
     
    Milan 
    Europe shares retreat after disappointing British trade data to forecast the 
    impact of weak trade data in Britain and the activity of the conclusion of transactions on the movements of some major stocks in Europe Wednesday, as the broader market fell , tracking broader US stock market after a strong start for the year. 
    Berberi for luxury products and Pearson for publication were among the most heavily traded stocks on disappointing trade data. 
    Losses on shares, as well as weakness in the financial and health care sectors, weighed on the STOXX 600 index of European shares, which fell 0.2 percent by 0921 GMT. 
    Britain's Financial Times 100 index fell 0.3 percent. 
    Britain's Informa Inc fell 7.3 percent after it offered a contract and a cash offer to buy UK firm UMB for the 14-percent rally.
    Shares in the auto-linked sector, stocks related to commodities and banks have led gains in Europe since the beginning of the year, supported by concerns in the bond market and optimism that the region is at a relatively early stage of the cycle of profit updates and growth of capital spending. 
    Despite Wednesday's drop, the STOXX 600 remained close to a two-and-a-half year high earlier this month. 
    The rise of the euro, which touched a three-year high against the euro recently, has caused some concern about European companies that rely heavily on dollar profits. 
    The technology sector was one of the few sectors that gained ground on Wednesday, supported by the rise of ASML, which rose 5.4 percent.
    Dutch semiconductor equipment industry posted a better-than-expected net profit in the fourth quarter, thanks to a rebound in demand for semiconductors after customers ordered products ahead of schedule.





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