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Author Archives: Top News Editor

German Factory Orders Decline Less Than Expected

Germany’s factory orders declined at a slower-than-expected pace in February on robust domestic demand as the initial impact of the coronavirus pandemic was mild, data from Destatis revealed. Factory orders fell 1.4 percent month-on-month in February after rising by a ...

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UK Consumer Confidence Logs Biggest Fall On Record: GfK

UK consumer sentiment registered its biggest fall since records began in January 1974 as measures taken to curb the spread of coronavirus weighed on households’ economic expectations and purchase decision, survey data from the market research group GfK showed Monday. ...

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China Cuts Small Banks’ Reserve Requirement Ratio

China’s central bank decided to reduce the reserve requirement for small and medium-sized banks by 100 basis points to improve liquidity and shore up the economy hit by the outbreak of coronavirus. The People’s Bank of China, said on Friday, ...

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UK Service Sector Contracts Most Since 1996

The UK service sector registered its steepest downturn in more than two decades in March due to business shutdowns and order cancellation in response to the coronavirus, or covid-19, pandemic. The services Purchasing Managers’ Index fell to 34.5 in March ...

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Eurozone Private Sector Logs Record Fall In March

The euro area private sector logged its biggest monthly fall on record in March as the coronavirus disease, or covid-19, pandemic impacted heavily on economic activity, final data from IHS Markit showed Friday. The final composite output index fell sharply ...

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China’s Service Sector Contracts Amid Covid-19 Pandemic

China’s services activity contracted in March as the sector continued to face challenging conditions due to the ongoing impact of the coronavirus, or covid-19 outbreak, survey data from IHS Markit showed Friday. The Caixin services Purchasing Managers’ Index rose to ...

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