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Author Archives: Top News Editor

German Economy Shrinks In Q2 On Exports

Germany’s economy contracted as initially estimated in the second quarter due to weak foreign demand, and there are signs that the shrinking continued into the third quarter, pushing the biggest euro area economy to the verge of recession and strengthening ...

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Dollar Displays Strength As Trade Tensions Ease

The U.S. dollar firmed up on Monday, rebounding from losses in the previous session, amid renewed optimism about U.S.-China trade talks after President Donald Trump said Chinese officials contacted U.S. trade officials and offered to resume negotiations. Read Full Story

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German Ifo Business Confidence Weakest Since 2012

Germany’s business confidence deteriorated to the lowest level in nearly seven years in August as escalating trade disputes dampened manufacturing activity, pushing the economy to the verge of a recession, survey results from the Munich-based ifo institute showed Monday. The ...

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Dollar Stays Weak As Traders Look For Direction

Save for a brief while early in the day, the U.S. dollar stayed weak on Thursday as traders looked ahead for clues about stimulus or interest rate cuts from the Federal Reserve at the symposium in Jackson Hole, Wyoming on ...

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Indonesia Slashes Key Interest Rate Again

Indonesia’s central bank unexpectedly slashed its key interest rate for a second straight month in August in a bid to support growth amid a global slowdown. The Board of Governors, led by Governor Perry Warjiyo, decided to reduce the 7-day ...

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