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Author Archives: Top News Editor

Eurozone Economic Sentiment Falls Most On Record

Eurozone economic confidence logged its strongest monthly decline on record in March as the spread of coronavirus weighed across all sectors. According to the monthly survey from the European Commission, the economic confidence index fell sharply to 94.5 in March ...

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China Cuts Reverse Repo Rate Unexpectedly

China’s central bank reduced its reverse repurchase rate unexpectedly by 20 basis points on Monday, as policymakers see the need for more easing measures to tackle the downturn caused by the coronavirus epidemic. The People’s Bank of China decided to ...

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Dollar Tumbles As Jobless Claims Soar

The U.S. dollar tumbled against most of its peers after data showed first-time unemployment claims rose to an all-time high in the week ended March 21 due to businesses shutting down almost across the U.S. due to the coronavirus pandemic. ...

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U.S. Weekly Jobless Claims Spike By More Than 3 Million

Reflecting the shutdown of large swaths of the U.S. economy due to the coronavirus pandemic, the Labor Department released a report on Thursday showing a record spike in first-time claims for unemployment benefits in the week ended March 21st. Read ...

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