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Author Archives: Top News Editor

Dollar Stays Weak Against Most Of Its Peers

The U.S. dollar was higher against most major currencies on Thursday, continuing to be weighed down by the Federal Reserve’s pledge on Wednesday to use its full range of tools to support the economy. Read Full Story

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U.S. Weekly Jobless Claims Drop To 3.839 Million

A report released by the Labor Department on Thursday showed a notable decrease in first-time claims for U.S. unemployment benefits in the week ended April 25th, although claims remain at a significantly elevated level. Read Full Story

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ECB Boosts Support As Eurozone Shrinks At Record Pace

The European Central Bank strengthened its liquidity supportive measures as the currency bloc contracted at the sharpest pace since 1995. Following its scheduled meeting on Thursday, the Governing Council of the ECB decided to ease the conditions on the targeted ...

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Eurozone Economy Contracts Most On Record

The euro area economy contracted at the sharpest pace since the series began in 1995 as member countries widely introduced coronavirus containment measures, preliminary flash estimate from Eurostat showed Thursday. Gross domestic product fell 3.8 percent sequentially in the first ...

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French Economy Contracts Most Since 1949 Amid Lockdown

The French economy contracted at the fastest pace on record in the first quarter due to the containment measures taken to curb the spread of coronavirus, preliminary data from the statistical office Insee showed Thursday. Gross domestic product fell 5.8 ...

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China Manufacturing Sector Contracts Marginally

China’s manufacturing sector conditions weakened slightly in April as the impact of the coronavirus globally led to a substantial fall in export sales, survey results from IHS Markit showed Thursday. The Caixin manufacturing Purchasing Managers’ Index fell unexpectedly to 49.4 ...

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