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Latest News

  • US Producer Price Index rises in August

    13 Sep 2017 05:11 PM |

    The US PPI rose by 0.2% in August, slightly below the market forecast of 0.3%, after falling by 0.1% in July. On an annualized basis, the index rose to 2.4% in August from 1.9%.

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  • NAB expects Australian interest rate hike twice in 2018

    13 Sep 2017 04:14 PM |

    The National Australia Bank revised its expectations for the Reserve Bank of Australia's monetary policy and after it had expected a rate cut twice, it now expects the central bank to raise interest rates in August 2018 by 25 basis points, in November 2018 by 25 basis points, as well as a double rate hike in 2019.

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  • Finance Minister of Canada: The recent strength of the Canadian dollar is a clear reflection of the strength of our economy

    13 Sep 2017 02:10 PM |

    Bill Morneau, Canadian Finance Minister, made the following statement:

    • The recent strength in the Canadian dollar is a clear reflection of the strength of the Canadian economy.
    • The economy is showing continued strength even with the current Canadian dollar valuation.

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  • British unemployment is falling to its lowest levels and fails to spur wages to rise

    13 Sep 2017 11:58 AM |

    British unemployment fell to lowest level is 42 years of 4.3% in the three-month to July, it is the lowest reading since 1975, from a previous 4.4%. Employment levels rose by 181,000 jobs in the last three months to 32.1 million, the strongest since the last quarter of 2015, with employment rate rising to new record highs of 75.3%.

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  • Harper: Economic growth isn't strong enough to raise interest rates

    13 Sep 2017 10:18 AM |

    Ian Harper, a member of the Reserve Bank of Australia board, made the following statement:

    • Economic growth is not strong enough to raise interest rate.
    • Australian dollar gains driven by weakness of the US dollar.

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  • The British government is passing the first parliamentary test on Brexit

    12 Sep 2017 02:32 PM |

    The British government's attempt to extract the UK from the EU law passed the first parliamentary test, and the MPs supported the law of withdrawal from the EU by 326 votes to 290 votes rejected the law under criticism of that law represents grab power by ministers.

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  • Barkindo: It is clear that the oil market rebalancing process is underway

    12 Sep 2017 01:19 PM |

    Mohamed Barkindo, Secretary General of OPEC, made the following statement:

    • The cut-off deal helps to rebalance world oil markets.
    • The process of rebalancing markets is underway and supported by commitment

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  • Keqiang: Structural reforms are the way for nations to support growth

    12 Sep 2017 11:15 AM |

    Christine Lagarde, director of the International Monetary Fund in Beijing and heads of international organizations including Jim Yong Kim, World Bank President, meets with Chinese Premier Keqiang.

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