Alexander Koch News
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German exports unexpectedly increased for a third month in March as demand from outside the euro region offset weaker sales in Europe.
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Swiss National Bank President Thomas Jordan said the franc remains overvalued and pledged to defend a cap of 1.20 francs per euro that’s “vital” for the country’s economy.
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German investor confidence unexpectedly rose to a two-year high in April, suggesting Europe’s largest economy can weather the resurgent debt crisis in the euro region’s periphery.
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Germany’s economic expansion is increasingly home-grown.
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German industrial output fell more than economists forecast in February as cold weather kept workers off construction sites.
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U.K. manufacturing output unexpectedly declined for a second month in February, indicating the economy’s return to growth may be uneven.
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Swiss central bank interim chairman Thomas Jordan will tomorrow bid to prolong the success of his predecessor’s currency policy as the economy shows signs of regaining strength.
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German factory orders unexpectedly declined in January as foreign demand for investment goods such as machinery slumped.
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Investors may have to think twice before taking on Philipp Hildebrand and his printing press at the Swiss central bank.
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Swiss exports climbed in February, adding to signs the economy is stabilizing.
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