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Author Archives: Top News Editor

U.S. Weekly Jobless Claims Jump To Two-Year High Due To Harvey

Following last Friday’s disappointing monthly jobs report, the Labor Department released a report on Thursday showing a sharp increase in first-time claims for U.S. unemployment benefits in the week ended September 2nd. The report said initial jobless claims jumped to ...

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ECB Maintains Status Quo, All Eyes On Draghi

The European Central Bank left its interest rates and asset purchases unchanged and retained its downward bias on asset purchases, thus leaving it to its chief Mario Draghi to drop any hint on the future of its massive stimulus during ...

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German July Industrial Output Remains Flat

Germany’s industrial production remained unchanged in July as the improvement in construction and manufacturing was offset by the deterioration in the energy sector. Industrial production showed nil growth following a 1.1 percent decrease in June, data from Destatis showed Thursday. ...

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U.S. Service Sector Growth Rebounds In August

After reporting a slowdown in the pace of growth in U.S. service sector activity in the previous month, the Institute for Supply Management released a report on Wednesday showing a rebound in the pace of growth in the month of ...

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Strong Euro May Deter Draghi From Tapering, For Now

The European Central Bank is set to adopt a highly cautious stance Thursday regarding any gradual withdrawal of monetary stimulus or “tapering,” as a strong euro presents a tough conundrum for rate-setters, who are already flummoxed by the Eurozone’s weak ...

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Australia GDP Gains 0.8% On Quarter In Q2

Australia’s gross domestic product expanded a seasonally adjusted 0.8 percent on quarter in the second quarter of 2017, the Australian Bureau of Statistics said on Wednesday. Read Full Story

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