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Yuan's fall against dollar temporary, expert says

The Chinese yuan weakened past 7 per dollar on Wednesday for the first time in five months.The onshore renminbi eased to 7.0026 per dollar, before recording the weakest

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U.S. manufacturing posts slowest growth since 2020

U.S. manufacturing growth slowed in October, industry survey data showed Tuesday, remaining at its weakest level since mid-2020 on falling orders and as prices drop for

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Euro slumps to 20-year low, close to dollar parity

The euro slumped to a 20-year low and approached dollar parity on Monday on concerns that an energy crisis will tip the region into a recession.In the meantime, the dol

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Thailand to launch new phase of co-payment COVID-19 relief program

Thailand will launch the third phase of a co-payment program from July as part of the government's relief measures to help those affected by the pandemic, an official s

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US oil prices plummeted 9 percent on Tuesday, their worst since May

Demand fears are once again rippling through the oil patch. US oil prices plummeted 9% Tuesday, their worst day since mid-May. /Getty Images Demand fears are once again rippling through the oi

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China's service sector sustains recovery as hiring picks up

The recovery in China's service sector activity extended into a fourth straight month in August, an industry survey showed on Thursday, with companies hiring more people for the first time since Janu

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World Bank allocates $195 million to more than 60 low-income countries to fight COVID-19

The Pandemic Emergency Financing Facility (PEF), a financing mechanism housed at the World Bank, announced on Wednesday it allocated $195.84 million to 64 of the world'

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World Bank allocates $195 million to poor countries to fight COVID-19

The Pandemic Emergency Financing Facility (PEF), a financing mechanism housed at the World Bank, announced on Wednesday it allocated $195.84 million to 64 of the world's poorest countries with report

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Google parent reveals COVID-19 ad hit but revenue still surges to $41bn

Alphabet shares rise tentatively in after-hours deals as its core revenue figures were better than some had expected.

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Australia announces stricter isolation rules as COVID-19 cases reach over 3,300

The number of confirmed cases of COVID-19 in Australia has increased by more than 200 overnight. According to the latest data from the Department of Health, there were 3,378 cases as of Saturday mor

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Coronavirus infections rise to 3,661 in France

French Health Minister Olivier Veran said on Friday that the country's coronavirus cases totaled 3,661, of which 79 had died as the virus was spreading fast, forcing the closure of schools, mus

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Hong Kong stocks plummet over 900 points

Hong Kong stocks lost 962.55 points, or 3.81 percent, to close Thursday's morning session at 24,269.06 points. Due to the shock wave of falling oil prices, Hang Seng i

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The latest: IMF, World Bank say "ready to help" member countries address COVID-19

Photo taken on Feb. 3, 2020 shows International Monetary Fund (IMF) Managing Director Kristalina Georgieva in Washington D.C., the United States. (IMF/Handout via Xinhua) "We are engaged actively wi

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'The in-tray from hell': The to-do list for the UK's new ambassador to the U.S.

Dame Karen Pierce was named on Friday as the next ambassador to the U.S. after London's previous top diplomat in Washington resigned over comments about President Donal

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APD | South Korea's outbound shipments to rebound next month

By APD writer AliceSouth Korea's outbound shipments are expected to recover next month, Finance Minister Hong Nam-ki said.The country’s exports fell 0.2 percent to US$25.7 billion in the first 20

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World Bank trims 2020 growth forecast amid slow recovery for trade

The World Bank on Wednesday trimmed its global growth forecasts slightly for 2019 and 2020 due to a slower-than-expected recovery in trade and investment despite cooler trade tensions between the

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APD | South Korea reports record-low inflation in 2019

By APD writer AliceSouth Korea's inflation gained only 0.4 percent last year, marking the slowest since 1966, according to Statistics Korea.Core inflation, which exclud