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Author Archives: Top News Editor

ECB Sees More Delay In Raising Rates

The European Central Bank now expects its interest rates to remain unchanged for a longer period than forecast earlier as downside risks to the euro area outlook intensify amid escalating global trade tensions. The Governing Council, led by ECB President ...

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German Factory Order Growth Exceeds Expectations

Germany’s factory orders grew more-than-expected in April, driven by demand from non-euro area economies despite heightened trade tensions. Data published by Destatis showed that factory orders grew 0.3 percent month-on-month in April, weaker than the revised 0.8 percent increase seen ...

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India Cuts Rate By 25 Bps For Third Time

India’s central bank resorted to a quarter-point reduction in interest rate on Thursday, the third in a row, that took it to the lowest level since 2010, and tweaked its stance of monetary policy to accommodative from neutral. Citing weak ...

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Fitch Cuts Mexico’s Sovereign Rating, Moody’s Downgrades Outlook

Mexico’s rating and outlook were downgraded on Wednesday by Fitch Ratings and Moody’s Investor Service, respectively, citing worsening outlook for the economy, especially in the backdrop of rising trade tensions. Fitch downgraded Mexico’s sovereign ratings to ‘BBB’ from ‘BBB+’, citing ...

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Dollar Recovers After Sharp Plunge

The U.S. dollar rebounded after falling to a multi-month low against the yen in early trades and gained in strength against most of its rivals as the session progressed on Wednesday. Read Full Story

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Fed’s Beige Book Indicates Modest Economic Expansion

Economic activity in the U.S. expanded at a modest pace overall from April through mid-May, according to the Federal Reserve’s Beige Book released on Wednesday. The Beige Book noted the assessment of the overall economy reflected a slight improvement over ...

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ECB On A Tightrope

The European Central Bank is finding itself in a tight spot as downside risks to Eurozone growth from external events, mainly trade tensions, have increased and inflation in the single-currency bloc sharply slowed, triggering predictions that the bank may re-launch ...

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U.S. Service Sector Growth Unexpected Reaccelerates In May

Indicating an unexpected acceleration in the pace of U.S. service sector growth in the month of May, the Institute for Supply Management released a report on Wednesday showing an increase by its non-manufacturing index. The ISM said its non-manufacturing index ...

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IMF Cuts China Growth Forecast On Trade Tensions

The International Monetary Fund on Wednesday cut China’s growth forecast for this year and next, citing downside risks and high uncertainty surrounding trade tensions, and said more policy easing may be needed if the conflict escalates. The lender lowered the ...

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