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Author Archives: Top News Editor

ADB Lifts Developing Asia’s Growth Outlook

July 20, 2017

The Asian Development Bank raised its developing Asia’s growth outlook citing stronger-than-expected export demand. In its Asian Development Outlook, released Thursday, the bank upgraded developing Asia’s growth outlook for 2017 to 5.9 percent from 5.7 percent. Read Full Story

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BoJ Keeps Stimulus Unchanged; Cuts Inflation Forecast

July 20, 2017

The Bank of Japan left its massive monetary stimulus unchanged on Thursday and pushed back the timeframe to achieve its 2 percent inflation target. The bank has upgraded its growth forecasts as private consumption and exports are expected to continue ...

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Draghi To Walk A Tightrope To Avoid Taper Tantrum

July 19, 2017

European Central Bank President Mario Draghi and his fellow policymakers are set to face a dilemma during the July rate-setting session as the bank seeks to chart its exit from its massive stimulus amid a lack of inflationary pressure. Read ...

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U.S. Housing Starts Rebound More Than Expected In June

July 19, 2017

After reporting an unexpected decline in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Wednesday showing housing starts rebounded by more than expected in the month of June. Read Full Story

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German Economic Confidence At 4-Month Low

July 18, 2017

German economic sentiment deteriorated more-than-expected to a four-month low in July, survey data from the Mannheim-based Centre for European Economic Research/ZEW revealed Tuesday. The ZEW Indicator of Economic Sentiment fell to 17.5 in July from 18.6 in June. The score ...

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