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News About The Global Economy
September 03, 2015
Asia doing "pretty well" despite China slowdown: IMF chief
Jakarta (AFP) Sept 2, 2015
International Monetary Fund chief Christine Lagarde said Wednesday Asian economies were doing "pretty well" despite the volatility created by China's slowdown and unease on global financial markets. A fresh round of volatility shook Asian and European stocks on Wednesday, as further evidence of slowing growth in China's economy overshadowed global markets. Financial markets have gyrated recently on the China concerns, with emerging economies and their currencies taking a beating. Lagarde, in ... read more

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Hong Kong banks turn to start-ups for tech edge
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China premier insists economy 'within appropriate range'
Chinese Premier Li Keqiang has issued assurances over his country's economy after global markets were roiled by concerns over its slowing growth, state media reported on Saturday. ... more
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Japan inflation flat, household spending slips in blow to Abenomics
Japanese inflation fell back to zero in July while household spending dropped again, official data showed on Friday, as a slowdown in China threatens Japan's already precarious economic picture. ... more
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China-spurred market turbulence to hit global growth: analysts
Another bout of unnerving global panic-selling erupted Monday, with some markets recording their largest one-week losses since 2008, raising fresh worries over the strength of the global economy and yet another financial crisis. ... more
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China to try 30 in business paper corruption case
China will try 30 people tied to a massive media corruption case involving one of the country's best known financial newspapers, the 21st Century Business Herald, including former executives, Shanghai prosecutors said Thursday. ... more
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China pumps $17 bn into banks for economic boost
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Deutsche Bank mulls selling activities in China, India: report
Deutsche Bank, Germany's biggest lender, is considering selling its stake in Chinese group Hua Xia Bank and divesting its retail banking activities in India, the business daily Handelsblatt reported on Wednesday. ... more
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China's yuan cut a bad omen for France's luxury sector
China's triple yuan devaluation could hit France's lucrative luxury sector, which has already been impacted by Beijing's tough anti-corruption drive against spendthrift officials, analysts say. ... more
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Tianjin blasts echo across economy
With a swathe of one of the world's busiest ports in ruins, more than a billion dollars in losses, and some major multinational firms still unable to access their premises, the economic impact of the Tianjin explosions could reverberate for months. ... more
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China strengthens yuan rate against dollar by 0.01%
China's central bank on Monday raised the value of the yuan against the US dollar by just 0.01 percent, the national foreign exchange market said, after a devaluation last week rocked markets. ... more
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George Soros sells off most of his Alibaba stocks
American billionaire George Soros's fund has sold most of its stake in the Chinese e-commerce giant Alibaba, according to regulatory filings Friday. ... more
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IMF warns of 'disorderly correction' if China reform slows
The IMF warned Friday that China, the world's second-largest economy, could face a "disorderly correction" followed by slower growth if its reform program slows. ... more
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China gold reserves up more than 19 tonnes in July: Xinhua
China's gold reserves rose by more than 19 tonnes in July, the official Xinhua news agency said Saturday, after the central bank last month gave the statistic for the first time in six years. ... more
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China weakens yuan for third day but reassures markets
China weakened its currency for the third consecutive day Thursday, but financial markets that had been shaken by the surprise devaluation took heart as authorities pledged not to let the yuan plummet. ... more
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China's yuan devaluation: What is it worth?
China cut the value of its yuan currency against the US dollar for the second day in a row Wednesday, taking the reductions to 3.5 percent this week - the largest in more than two decades. ... more
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EU says Greek debt talks reach technical, not political, agreement
The European Commission said Tuesday that Greece has reached a technical agreement "in principle" with its international creditors on a third debt bailout which now requires political approval. ... more
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China devalues yuan nearly 2% for economic boost
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China manufacturing index hits two-year low: survey
A key gauge of Chinese manufacturing activity plunged to a two-year low in July, an independent survey showed Monday, the latest data suggesting the world's second-largest economy faces downward pressure in the third quarter. ... more
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China new home prices up in July: survey
China's new home prices increased in July for the third straight month, a survey showed Friday, as the market continued to recover on the back of government policy support. ... more
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Pollution not contagion: eurozone debt market survives Greek crisis
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China manufacturing hits 15-month low: survey
A key gauge of Chinese manufacturing activity tumbled to a 15-month low in July, an independent survey showed, throwing a pall over growth in the world's second-largest economy. ... more
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China bets on North Korea in gamble to save rustbelt
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