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Author Archives: Top News Editor

German Factory Orders Recover On Foreign Demand

July 6, 2017

Germany’s factory orders recovered in May driven by a rebound in foreign demand, but the pace of overall growth was weaker than economists’ expectations. Factory orders grew 1 percent month-on-month in May, reversing a revised 2.2 percent fall in the ...

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UK Service Sector Growth Eases On Weak New Orders

July 5, 2017

Britain’s service sector expanded at a slower pace in June as new order growth hit a nine-month low, survey data from IHS Markit and the Chartered Institute of Procurement & Supply showed Wednesday. The services Purchasing Managers’ Index dropped slightly ...

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China’s Private Sector Growth Weakest In A Year

July 5, 2017

China’s private sector expanded at the slowest pace in a year in June largely reflecting the weakness in services activity, survey results from IHS Markit showed Wednesday. The Caixin composite output index fell to 51.1 in June from 51.5 in ...

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British Construction Growth Moderates On Weak Orders

July 4, 2017

Britain’s construction sector growth moderated in June from a 17-month high as firms delayed placing orders amid heightened economic uncertainty, survey results from IHS Markit and the Chartered Institute of Procurement & Supply showed Tuesday. Read Full Story

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Australia Retains Record Low Interest Rate

July 4, 2017

Australia’s central bank kept its interest rate unchanged at a record low for the tenth consecutive meeting, on Tuesday. The board of the Reserve Bank of Australia, governed by Philip Lowe, maintained the cash rate at 1.50 percent, as widely ...

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