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Author Archives: Top News Editor

U.S. Trade Deficit Widens On Olympics Royalty Payment

A report released by the Commerce Department on Thursday showed the U.S. trade deficit widened by more than anticipated in the month of February. The Commerce Department said the trade deficit widened to $57.6 billion in February from a revised ...

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U.S. Jobless Claims Climb More Than Expected To 242,000

With the release of the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing a bigger than expected increase in first-time claims for U.S. unemployment benefits in the week ended March 31st. Read ...

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Cryptocurrency Daily Roundup – Apr. 5

Cryptocurrencies are dealt another blow in one of their booming markets, this time in India where the central bank has slapped an immediate ban on banks from dealing with crypto investors and related firms. Meanwhile, South Korea announced plans to ...

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India’s Central Bank Maintains Status Quo

India’s central bank kept its key interest rates unchanged for the fourth straight meeting, on Thursday, and downgraded its inflation projections. At the first bi-monthly monetary policy session, the Monetary Policy Committee of the Reserve Bank of India decided to ...

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Germany’s Factory Orders Rebound In February

Germany’s factory orders recovered in February on foreign demand, figures from Destatis revealed Thursday. Factory orders rose 0.3 percent month-on-month in February, reversing a revised 3.5 percent decrease seen in January. Nonetheless, the pace of expansion was much weaker than ...

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U.S. Service Sector Growth Slows Modestly In March

A report released by the Institute for Supply Management on Wednesday showed a modest slowdown in the pace of growth in activity in the U.S. service sector in the month of March. The ISM said its non-manufacturing index dipped to ...

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