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Author Archives: Top News Editor

Dollar Drifts Lower Against Major Currencies

The U.S. dollar lost ground against peers on Friday, weighed down data showing a smaller than expected increase in job additions in the U.S., and rising prospects of additional fiscal stimulus from Joe Biden administration. Read Full Story

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U.S. Employment Shows Modest Rebound In January

Employment in the U.S. saw a modest increase in the month of January, according to a closely watched report released by the Labor Department on Friday. The report said non-farm payroll employment edged up by 49,000 jobs in January after ...

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German Factory Order Decline Exceeds Expectations

Germany’s factory orders declined more than expected in December largely due to weak demand from euro area amid strict lockdown restrictions, official data from Destatis revealed Friday. Orders were down 1.9 percent on month, reversing a 2.7 percent rise in ...

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India Central Bank Holds Key Rate Steady

India’s central bank left its interest rates unchanged at the first rate-setting meeting of the year despite inflation slowing to the target band, but decided to lift its cash reserve ratio in two phases. The Monetary Policy Committee of the ...

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Indonesia’s Economy Contracts More Than Expected In Q4

Indonesia’s economy contracted more than expected in the fourth quarter as the Covid-19 pandemic weighed on exports and household consumption, data from the statistics bureau showed Friday. Gross domestic product fell 2.19 percent year-on-year, bigger than the economists’ forecast of ...

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