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U.S. Fed chief stresses patience on rate hikes as tapering of asset purchases to start this month

U.S. Fed chief stresses patience on rate hikes as tapering of asset purchases to start

2021-11-04 07:01

WASHINGTON, Nov. 3 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell stressed on Wednesday that the Fed can be patient on raising interest rates as the central bank is set to start tapering its asset purchases later this month amid elevated inflat

U.S. stocks rise after Feds tapering announcement

U.S. stocks rise after Fed's tapering announcement

2021-11-04 05:54

U.S. stocks finished higher on Wednesday as Wall Street digested the latest statement from the Federal Reserve.

Oil prices drop amid build in U.S. inventories

Oil prices drop amid build in U.S. inventories

2021-11-04 04:38

Oil prices suffered marked losses on Wednesday after data showed a larger-than-expected increase in U.S. crude stockpiles.

AIIB, Bangladesh ink 260 mln USD loan pact for steel bridge project

AIIB, Bangladesh ink 260 mln USD loan pact for steel bridge project

2021-11-03 14:10

DHAKA, Nov. 3 (Xinhua) -- Bangladesh and the Asian Infrastructure Investment Bank (AIIB) have signed a 260-million-U.S. dollar loan to Bangladesh for the construction of the countrys first arch steel bridge recently. Economic Relations Division Secre

New Zealand central bank warns risks in overheating housing market

New Zealand' central bank warns risks in overheating housing market

2021-11-03 09:14

New Zealand's central bank warned Wednesday the risk of a "correction" in the overheating housing market.

U.S. stocks close higher

U.S. stocks close higher

2021-11-03 04:17

U.S. stocks ended higher on Tuesday.

Oil prices settle mixed ahead of U.S. inventories, OPEC+ meeting

Oil prices settle mixed ahead of U.S. inventories, OPEC+ meeting

2021-11-03 04:14

Oil prices ended mixed on Tuesday as traders are awaiting U.S. fuel stocks data.

Australias central bank signals early economic recovery

Australia's central bank signals early economic recovery

2021-11-02 15:38

SYDNEY, Nov. 2 (Xinhua) -- Australias central bank, the Reserve Bank of Australia (RBA), announced on Tuesday that it would remove its 2024 target to increase interest rates, signalling an early economic recovery. The decision to discontinue the yiel

Roundup: Supply chain mess in U.S. prompts reflection

Roundup: Supply chain mess in U.S. prompts reflection

2021-11-02 13:38

Business insiders told Xinhua that the costly nightmare had been predicted by intellectual analysis long ago.

S.Koreas consumer price rises 3.2 pct in October

S.Korea's consumer price rises 3.2 pct in October

2021-11-02 12:05

South Korea's consumer price rose 3.2 percent in October from a year ago, marking the highest in almost 10 years.

Bank report finds Australian shoppers spending up big after COVID restrictions eased

Bank report finds Australian shoppers spending up big after COVID restrictions eased

2021-11-02 09:34

CBA data showed that in the week ending October 29, national consumer spending had tracked 20 percent higher than the corresponding week of 2019.

U.S. manufacturing sector sees robust growth in October despite supply chain bottlenecks

U.S. manufacturing sector sees robust growth in October despite supply chain bottlenec

2021-11-02 05:49

The U.S. manufacturing sector saw robust growth in October despite continued supply chain bottlenecks.

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