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Author Archives: Top News Editor

Eurozone Economic Sentiment Logs Record Improvement

Eurozone economic sentiment improved at the strongest pace on record in June driven by the easing of lockdown measures taken to contain the spread of coronavirus, survey data published by the European Commission showed Monday. The economic sentiment index climbed ...

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UK Car Production Worst Since 1946: SMMT

UK car production was the worst for May since 1946 as plants either remained closed or restarting at reduced capacity, the Society of Motor Manufacturers and Traders, or SMMT, reported Friday. Car manufacturing output declined 95.4 percent from last year ...

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Philippine CB Slashes Rate Unexpectedly

The Philippine central bank lowered its interest rate unexpectedly by 50 basis points to spur growth as measures to combat the coronavirus, or Covid-19, weighed on economic activity. The Monetary Board of the Bangko Sentral ng Pilipinas, or BSP, on ...

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German Consumer Confidence To Improve In July: GfK

German consumer sentiment is set to improve next month reflecting the rapid reopening of the economy after coronavirus related lockdown and economic stimulus package, survey results published by the market research group GfK showed Thursday. The forward-looking consumer sentiment index ...

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IMF Sees Deeper Recession, Slower Recovery On Covid-19

The International Monetary Fund on Wednesday forecast a deeper recession, the worst ever, for this year and, a slower and uncertain recovery for next year after the coronavirus, or Covid-19, pandemic plunged the global economy into a crisis like no ...

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