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Author Archives: Top News Editor

U.S. Service Sector Growth Rebounds In August

After reporting a slowdown in the pace of growth in U.S. service sector activity in the previous month, the Institute for Supply Management released a report on Wednesday showing a rebound in the pace of growth in the month of ...

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Strong Euro May Deter Draghi From Tapering, For Now

The European Central Bank is set to adopt a highly cautious stance Thursday regarding any gradual withdrawal of monetary stimulus or “tapering,” as a strong euro presents a tough conundrum for rate-setters, who are already flummoxed by the Eurozone’s weak ...

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U.S. Factory Orders Pull Back Sharply In July

After reporting a substantial increase in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Tuesday showing a sharp pullback in factory orders in the month of July. Read Full Story

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UK Service Sector Growth Near 1-Year Low

The British service sector expanded at the slowest pace in almost a year in August as subdued client demand and heightened uncertainty about the domestic economic outlook weighed on business activity. The services Purchasing Managers’ Index fell more-than-expected to 53.2 ...

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Australia Keeps Record Low Rate On Hold

Australia’s central bank decided to leave its key interest rate unchanged at a record low amid improving outlook for non-mining investment and signs of easing in housing market conditions. The board of the Reserve Bank of Australia, governed by Philip ...

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China’s Private Sector Expands Most In Six Months

China’s private sector expanded at the strongest pace in six months in August underpinned by increased activity at both manufacturers and services providers. The Caixin composite output index rose to 52.4 in August from 51.9 in July. A score above ...

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