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Author Archives: Top News Editor

Hong Kong Unveils HK$19.1 Bln Stimulus Package

Hong Kong’s government unveiled a stimulus package worth HK$19.1 billion as deepening political unrest and escalation of China-US trade tension are likely to weigh on economic activity. The government downgraded its growth outlook for this year to 0-1 percent from ...

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UK Retail Sales Grow Unexpectedly On Online Spending

UK retail sales grew unexpectedly in July, underpinned by online sales, signaling that consumer spending is set to support economic growth in the third quarter. Retail sales volume grew 0.2 percent in July from June, when sales advanced 0.9 percent, ...

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UK July Inflation Exceeds 2% Target

UK consumer price inflation accelerated unexpectedly in July, exceeding the Bank of England’s 2 percent target, data from the Office for National Statistics revealed Wednesday. Consumer prices climbed 2.1 percent year-on-year in July, faster than the 2 percent increase in ...

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German Economy Contracts In Q2 On Exports

Germany’s economy contracted in the second quarter as weaker global growth and trade wars dampened foreign demand for goods produced in the largest euro area economy, data from Destatis showed Wednesday. Gross domestic product shrank 0.1 percent sequentially in the ...

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