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    German industrial output shows modest recovery in May

    07 Jul 2020

    By category, production of machine tools were up 27.6 per cent on the month, intermediate goods stagnated at 0.1 per cent and consumer goods were up slightly at 1.4 per cent, the Destatis official statistics agency said.

    Saudi Arabia announces $32b support to mitigate coronavirus impact on economy

    20 Mar 2020

    The Saudi central bank said last week it had prepared a 50-billion riyal ($13.32 billion) package to help banks and small and medium-sized enterprises cope with the economic impact of the coronavirus.

    COVID-19: New warning signs for global economy

    15 Apr 2020

    China moved again to cushion its economy, cutting a key medium-term interest rate to record lows, paving the way for a similar reduction in benchmark loan rates, while reducing the amount banks must hold as reserves.

    Wall Street flat on recession fears, energy shares offer support

    28 Aug 2019

    NEW YORK: Wall Street treaded water on Wednesday after moves in the US bond market brought back fears of a recession as a bruising U.S.-China trade war drags on, while a rise in energy shares offered support.

    BP to sell Alaskan properties to Hilcorp Energy for $5.6 billion

    28 Aug 2019

    LONDON: British oil major BP agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years. The deal, which includes interests

    Sephora closes its US stores for an hour to host ‘inclusion workshops’

    05 Jun 2019

    Sephora was scheduled to close its US stores for an hour on Wednesday morning to host “inclusion workshops” for its 16,000 employees, just over a month after R&B star SZA said she had security called on her while shopping at a store in California. The beauty retailer said the training had been in development months

    JLR and BMW to partner for EDUs

    05 Jun 2019

    New Delhi: Automobile giants Jaguar Land Rover (JLR) and BMW Group will collaborate to develop electric vehicles and the concerned technology in the segment, according to a regulatory filing by Tata Motors, the owner of JLR. “Jaguar Land Rover and BMW Group on Wednesday confirmed they are joining forces

    IMF warns US-China tariffs may slash global growth in 2020

    05 Jun 2019

    Current and threatened US-China tariffs could slash global economic growth by 0.5 percentage point in 2020, the International Monetary Fund warned on Wednesday as world finance leaders prepare to meet in Japan this weekend. IMF Managing Director Christine Lagarde said in a blog and briefing note for G20 finance

    Stocks rally as rate cut prospect offsets US-China trade war woes

    12 Jun 2019

    Global stocks mostly rose on Tuesday with the prospect of a US interest rate cut and broader central bank dovishness helping to offset lingering US-China trade war tensions. Bourses in Paris, Frankfurt and London all rose, along with Tokyo, Hong Kong and Shanghai. But Wall Street finished slightly lower,

    Stocks, oil gain as hopes for trade talks rise

    26 Jun 2019

    European stocks and US equity futures were higher on Wednesday after a report fuelled optimism about progress in US-China trade talks, offsetting disappointment about the size of potential US interest rate cuts. Global shares had opened weaker after comments by Federal Reserve Chairman Jerome Powell and St. Louis

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