U.S. Retail Sales Rise 0.3%; Jobless Claims Climb

June 12 (Bloomberg) -- Retail sales in the U.S. rose less than forecast in May, increasing 0.3 percent after a revised 0.5 percent gain in April, Commerce Department figures showed today. Separately, initial jobless claims climbed by 4,000 to 317,000 in the week ended June 7, and prices of imported goods rose 0.1 percent in May, Labor Department reports showed. Scarlet Fu reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)
Russia Sanctions Could Last for Decades: Lavrov
36:14 - Russian Foreign Minister Sergei Lavrov told Bloomberg TV that his country is concentrating on how to diversify its sanction-hit economy and is prepared to work under them for a “very long time.”
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