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IMF approves new SDR allocation to boost global liquidity amid pandemic

IMF approves new SDR allocation to boost global liquidity amid pandemic

2021-08-03 06:52

WASHINGTON, Aug. 2 (Xinhua) -- The board of governors of the International Monetary Fund (IMF) has approved a new general allocation of Special Drawing Rights (SDR) equivalent to 650 billion U.S. dollars, the largest allocation in the IMFs history, i

Yellen again urges Congress to raise debt limit as soon as possible

Yellen again urges Congress to raise debt limit as soon as possible

2021-08-03 06:14

WASHINGTON, Aug. 2 (Xinhua) -- U.S. Treasury Secretary Janet Yellen on Monday again urged Congress to raise the debt limit as soon as possible after the federal borrowing cap was reinstated on Sunday after a two-year suspension. I respectfully urge C

U.S. stocks end mixed amid economic data

U.S. stocks end mixed amid economic data

2021-08-03 05:36

U.S. stocks gave up most of their earlier gains to finish mixed on Monday as investors digested the latest economic data.

Oil prices drop amid demand concerns

Oil prices drop amid demand concerns

2021-08-03 05:24

Oil prices sank on Monday amid renewed concerns over demand outlook.

Brazils Business Confidence Index hits 8-year high

Brazil's Business Confidence Index hits 8-year high

2021-08-03 05:11

Brazil's Business Confidence Index (BCI) hit an eight-year high in July, and marked four consecutive months of growth.

Two in three German industrial companies report supply bottlenecks: ifo Institute

Two in three German industrial companies report supply bottlenecks: ifo Institute

2021-08-03 04:08

BERLIN, Aug. 2 (Xinhua) -- Germanys industry was increasingly worried about supply bottlenecks of materials such as chips and semiconductors, as almost two in three companies reported production impeded by shortages, the ifo Institute announced on Mo

Financial market upgrades Mexicos 2021 GDP forecast to 6.1 pct

Financial market upgrades Mexico's 2021 GDP forecast to 6.1 pct

2021-08-03 04:08

Private-sector financial analysts upgraded Mexico's economic growth forecast for 2021 to 6.1 percent.

France eyes 50 mln foreign tourists in 2021: official

France eyes 50 mln foreign tourists in 2021: official

2021-08-02 04:10

France hopes to see 50 million foreign holidaymakers in 2021, a 43-percent increase from last year.

Japans unemployment rate drops to 2.9 pct in June

Japan's unemployment rate drops to 2.9 pct in June

2021-07-30 12:43

The Japanese government's data showed Friday that Japan's unemployment rate dropped to 2.9 percent in June.

G20 conference on AI, robotics calls for increased public-private collaboration

G20 conference on AI, robotics calls for increased public-private collaboration

2021-07-30 05:27

The first-ever Group of 20 talks on the future of artificial intelligence (AI) and robotics wrapped up Thursday in the Italian port city of Genoa.

U.S. economy grows at annualized 6.5 pct in Q2 amid supply bottlenecks

U.S. economy grows at annualized 6.5 pct in Q2 amid supply bottlenecks

2021-07-30 05:01

WASHINGTON, July 29 (Xinhua) -- The U.S. economy grew at a lower-than-anticipated annual rate of 6.5 percent in the second quarter, marking the return to an above pre-pandemic level of overall economic activity, the U.S. Commerce Department reported

Roundup: U.S. economy grows at annualized 6.5 pct in Q2 amid supply bottlenecks

Roundup: U.S. economy grows at annualized 6.5 pct in Q2 amid supply bottlenecks

2021-07-30 05:01

The U.S. economy grew at a lower-than-anticipated annual rate of 6.5 percent in the second quarter.

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