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Author Archives: Top News Editor

Thai Central Bank Cuts Key Rate To Record Low

Thailand’s central bank cut its key interest rate by a quarter-point to a record low on Wednesday, as the economy is set to contract more than expected due to weaker domestic demand and tourism amid the coronavirus pandemic. The Monetary ...

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Iceland Cuts Rate By 75 Bps To Record Low

Iceland’s central bank reduced its key interest rate by 75 basis points to a record low on Wednesday, as the economy is forecast to contract the most since 1920 due to the coronavirus pandemic. The Monetary Policy Committee of the ...

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China Retains Benchmark Lending Rates As Expected

China left its benchmark lending rates unchanged, as widely expected, after easing last month, amid the economy struggling to recover from the impact of the coronavirus outbreak. The one-year loan prime rate was retained at 3.85 percent and the five-year ...

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U.S. Housing Starts Plunge More Than Expected In April

Reflecting the impact of the coronavirus-induced economic shutdown, the Commerce Department released a report on Tuesday showing another steep drop in new residential construction in the U.S. in the month of April. The report said housing starts plummeted by 30.2 ...

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German Economic Confidence Strongest Since 2015

German economic confidence strengthened in May as the country began to partially withdraw the lockdown imposed to slow the spread of the coronavirus, or Covid-19, survey data from the ZEW – Leibniz Centre for European Economic Research showed Tuesday. The ...

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UK Jobless Claims Rise At Record Pace

The UK jobless claims rose at a record pace in April as lockdown to contain the spread of coronavirus, or Covid-19, took its toll on labor market, data from the Office for National Statistics showed Tuesday. The number of jobless ...

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