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Author Archives: Top News Editor

U.S. Jobless Claims Unexpectedly Drop To New One-Year Low

After reporting a sharp pullback in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday unexpectedly showing a continued decline in initial jobless claims in the week ended April 17. Read ...

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ECB Reconfirms ‘Very Accommodative’ Policy Stance

The European Central Bank left its interest rates and asset purchases unchanged on Thursday, as the resurgence of the coronavirus infections and continuing lockdowns have damped the prospects of an economic rebound later this year. Read Full Story

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Dollar Falters After Showing Some Early Strength

The U.S. dollar advanced in the Asian session on Wednesday, rebounding from recent losses, but retreated as the session progressed after traders chose to pick up riskier assets despite rising worries about a surge in coronavirus infections. Read Full Story

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UK Inflation Accelerates On Motor Fuel, Clothing Prices

UK consumer price inflation accelerated in March driven by motor fuel and clothing prices, data from the Office for National Statistics showed on Wednesday. Consumer prices advanced 0.7 percent year-on-year, faster than the 0.4 percent increase seen in February. But ...

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