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China keeps benchmark lending rates unchanged in October

China has kept its market-based benchmark lending rates unchanged in October, the country's central bank announced on Thursday.The one-year loan prime rate (LPR), which

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India residents desperately await oxygen as pandemic strains resources

01:00 Many people have died in ambulances, outside of hospitals, or in their homes awaiting oxygen refills as rising death and infection rates overwhelm India's hospitals. Check outThe

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CNC Talk: Why COVID-19 hits African Americans particularly hard?

Existing evidence shows African Americans have higher rates of COVID-19 infection and morality in the United States. The virus isn't biased about who it infects, then why has the pandemic left Africa

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ECB refrains from rate cut, steps up liquidity measures amid COVID-19 concerns

The European Central Bank (ECB) on Thursday decided to leave key interest rates unchanged, but rolled out a comprehensive package of monetary policy measures to ensure liquidity support amid COVID-19

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British Pound's strong run continues with push above $1.43

Britishpoundhascontinueditsrecentstrongrunagainstthedollarpushingfirmlyabove$1.43.ItistheseventhsessioninarowthatBritishpoundhasmadegainsagainsttheUScurrency.Th

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Pound's strong run continues with push above $1.43

Thepoundhascontinueditsrecentstrongrunagainstthedollarpushingfirmlyabove$1.43.ItistheseventhsessioninarowthatthepoundhasmadegainsagainsttheUScurrency.Thestrongr

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China raises short-term market interest rates following Fed's move

China’scentralbankraisedshort-termmarketinterestratesonThursdayforthefirsttimethisyear,hoursaftertheFederalReserveBankliftedUSbenchmarkrates.ThePeople’sBankofCh

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Tesla raised its Supercharger rates across the US

TeslahasincreaseditsSuperchargingratesacrosstheUS,Electrekreports.Andwhilemoststates'pricesincreasedby20to40percent,someexperiencedmoresubstantialrisesincosts.F

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Asian markets suffer fresh beating as global rout resumes

AsiantradingfloorswereaseaofredonceagainonFridayastheglobalroutreturnedwithavengeanceonintensifyingfearsabouttighterUSinterestrates.Tokyo,HongKongandShanghaiwer

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U.S. equities enter correction territory as fears increase

U.S.stocksplungedMonday,extendingasteepsell-offfromtheprevioussession,amidincreasingconcernsthatrisinginflationwillforceinterestrateshigher.TheDowJonesIndustria

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New Fed chair Jerome Powell challenges to end the "easy money" party

GovernorJeromePowellisnowtakingoveraschairmanofUSFederalReserve.He’snowarguablytheworld’smostpowerfulcentralbanker,holdinginhishandsthemanagementoftheworld’smos

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Muted inflation a trillion-dollar puzzle, says BIS

Theconundrumofstubbornlylowinflationdespiteapick-upinglobalgrowthandcontinuedmonetarystimulusisa“trilliondollar”question,theumbrellabodyfortheworld’sleadingcent

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Most economists expect next Fed rates hike in December: survey

Most American economists expect the Federal Reserve to raise interest rates once more in December and begin unwinding its 4.5 trillion US dollars balance sheet in September, according to a survey conducted by the Wall Street Journal on Thursday.

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India launches new economic era with sales tax reform

India early on Saturday introduced its biggest tax reform in the 70 years since independence from British colonial rule.

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India launches new economic era with sales tax reform

IndiaearlyonSaturdayintroduceditsbiggesttaxreforminthe70yearssinceindependencefromBritishcolonialrule.TheGoodsandServicesTax(GST)replacesmorethanadozenfederalan

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Global coordination important as world economy changes

GlobalcoordinationisimportantViceFinanceMinisterastheworldeconomyundergoeschanges,includingthelatestincreaseinU.S.interestratesearlierthismonth,China'sZhuGuangy

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China's banks to offer better deals amid tightened liquidity

Tighteningliquidityinthemoneymarketduringthepastfewweekshasforcedcommercialbankstoincreasetheinterestratestheyofferforwealthmanagementproducts.Thecentralbankhas