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Latest Articles in economy

Hong Kong's July-September Unemployment At Near 16-Year High, Pressure Remains

The unemployment rate for the consumption- and tourism-related sectors combined surged by 0.8 percentage point to 11.7% in July-September, its highest since the SARS onslaught of 2003.

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Big UK Companies Kick Recovery Hopes Into Long Grass - Deloitte

Accountants Deloitte said 62% of chief financial officers at major British companies thought it would take at least until the second half of next year before demand recovers, compared with 49% in the previous survey published in July.

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BJP attacked the foundation of agrarian economy through three 'black laws': Sonia Gandhi

BJP attacked the foundation of agrarian economy through three 'black laws': Sonia Gandhi

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Dow Advances, S&P Ekes Out Gain As Vaccine Timeline Comes Into Focus

The Dow Jones Industrial Average rose 112.11 points, or 0.39%, to 28,606.31, the S&P 500 gained 0.47 points, or 0.01%, to 3,483.81 and the Nasdaq Composite dropped 42.32 points, or 0.36%, to 11,671.56.

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Oil Dips On COVID-19 Resurgence, Fears Of More Supply

Brent crude futures fell 23 cents to settle at $42.93 a barrel, and U.S. West Texas Intermediate (WTI) crude futures dropped 8 cents to settle at $40.88 a barrel.

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Gold Set For Weekly Decline As US Stimulus Hopes Ebb

Spot gold fell 0.3% to $1,901.87 per ounce by 1:32 p.m. EDT (1732 GMT). Bullion is down 1.4% so far this week. U.S. gold futures settled 0.1% lower at $1,906.40.

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Moody's Downgrades UK As COVID-19 And Brexit Hit Debt Outlook

Moody's lowered the rating to "Aa3" from "Aa2," putting Britain on the same level as Belgium and the Czech Republic.

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Japan September Exports Fell At Much Slower Pace, Core CPI Subdued

Imports were projected to have fallen 21.4% in September from a year earlier, producing a trade surplus of 989.8 billion yen ($9.40 billion), according to the poll.

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Stock Market Daily Updates: 16 Oct 2020

Nifty Future has Downside support levels are at 11688 – 11660 Point; below 11660 Point, other support levels are at 11633 – 11606 Point.

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Japan Needs Another Extra Budget To Help Ailing Economy

About 76% of respondents to the Oct. 7-15 poll said the government should launch a third extra budget to cushion the blow from COVID-19

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Singapore September Exports Rise 5.9% Y/Y, Slower Than Forecasts

That compared with a 7.7% increase in August, and lower than the 10.8% rise forecast by economists in a Reuters poll.

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Rupee Pares Early Gains, Settles 5 Paise Lower At 73.36 Against US Dollar

The rupee opened at 73.32 against the greenback, and after witnessing a volatile trading session closed at 73.36, lower by 5 paise from its previous close of 73.31.

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World Experiencing One Of The Deepest Recessions Since Great Depression Due To COVID-19: World Bank

"The recession has been deep, one of the deepest since the Great Depression. And for many developing countries, and for the people in the poorest countries, it is truly a depression, a catastrophic event. It is continuing to add to the ranks of those in extreme poverty."

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Global Shares Slip On Pandemic Surge, Failing Stimulus Hopes

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.5% while Japan's Nikkei dropped 0.5%.

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'Despite COVID-19 Bangladesh's economy kept growing under leadership of Sheikh Hasina'

In addition to the economic growth, the country stepped up its efforts on the health ground to tame the coronavirus, while in many countries the death toll is still on the rise.

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