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Press Review: Global Crude Falls Below $50 as U.S. Supply Seen Adding to Glut
Japan's Abe: may be able to declare end of deflation if wages rise
(Reuters) - Japanese Prime Minister Shinzo Abe said on Wednesday he may be able to declare that Japan has broken free from a long phase of deflation if companies continue to raise wages.
Abe also said he hopes that by improving the economy Japan will be able to contribute to global growth.
SNB Interventions Boost Currency Reserves to Record High
The Swiss National Bank's foreign-currency reserves hit a record in December after an appreciation of the franc forced the institution to end a two-year hiatus in interventions.
Global Crude Falls Below $50 as U.S. Supply Seen Adding to Glut
Oil fell below $50 a barrel in London for the first time since May 2009 amid speculation that U.S. inventories will increase, exacerbating a global supply glut that's driven prices to a five-year low.
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- UK retail sales unexpectedly rose in March
- Earnings Season in U.S.: Major Reports of the Week
- Eurozone PMI signals lacklustre start to second quarter as growth slows
- Germany’s private sector sees modest growth in April