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Author Archives: Top News Editor

U.S. Wholesale Inventories Fall More Than Expected In April

Reflecting decrease in inventories of both durable and non-durable goods, the Commerce Department released a report on Friday showing a bigger than expected drop in U.S. wholesale inventories in the month of April. The Commerce Department said wholesale inventories fell ...

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Draghi Seeks Patience As ECB Tiptoes To Tapering

The European Central Bank has taken its very first step towards exiting its massive stimulus by omitting the mention of “lower levels” for interest rates in its forward guidance on Thursday, even as the bank chief Mario Draghi denied that ...

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U.S. Weekly Jobless Pull Back To 245,000

After reporting increases in first-time claims for U.S. unemployment benefits in the two previous weeks, the Labor Department released a report on Thursday showing a pullback in initial jobless claims in the week ended June 3rd. The report said initial ...

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ECB Holds Rates, QE Steady As Draghi Drops Easing Bias

The European Central Bank left its key interest rates and massive monetary stimulus unchanged for a tenth successive policy session, but made a subtle change to its forward guidance by omitting the mention of lower levels for interest rates in ...

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German Industrial Production Growth Tops Expectations

Germany’s industrial production recovered in April largely driven by energy output, figures from Destatis showed Thursday. Production advanced 0.8 percent in April from March, when it dropped by revised 0.1 percent. The pace of growth was also faster than the ...

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Eurozone Economy Grows Faster Than Estimated Earlier

Eurozone’s economy expanded more-than-initially estimated in the first quarter on domestic spending. Gross domestic product climbed 0.6 percent sequentially, faster than the 0.5 percent growth estimated previously, latest data from Eurostat showed Thursday. The economy grew 0.5 percent in the ...

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ECB To Maintain Rates, QE

The European Central Bank is set to retain its key interest rates and massive monetary stimulus in its policy session in Estonia on Thursday as policymakers are still unconvinced whether inflation will move closer to target despite the robust growth. ...

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