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IMF Cites Trade Protectionism As Key Reason For Sluggish Trade

The International Monetary Fund (IMF) has said that rising protectionism across the world and poor trade was resulting in sluggish growth globally. IMF’s remarks came after the World Trade Organization (WTO) released its growth forecast for trade this year, which

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Rising food costs, high unemployment keeps Rand bearish

The uncertainty in the Fed rate hike coupled with mixed economic data kept the Greenback weak against its rivals, including the South African Rand, for most of the time during the second-quarter of this year. The news of South Africa

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Harvard Economist Says China Is Biggest Threat To Global Economy

Harvard professor Kenneth Rogoff, one of the world’s most well-known economists has warned that the biggest threat facing the world’s economy is China’s debt bubble. Speaking in an interview with the BBC, Rogoff said that the real picture was grimmer

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Wynn resorts turns bullish on GGR revival in Macau

The stock of Wynn Resorts, Limited (NASDAQ: WYNN), operator of high end hotels and casinos, recorded a 12-month high of $109.50 on September 15th . Since then, the stock has fallen about 7% to close at $102.14 on Friday. The

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Aussie to remain strong as commodity prices firm up

On Wednesday, the Bank of Japan took an arguably unexpected path to weaken the Yen. Having been aware of the fact that the market will buy the Yen if the interest rate is sent further deep into the negative territory,

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Bank Of Japan Changes Policy Focus To Bond Yields

The Bank of Japan (BoJ) has announced a radical shift in its monetary policy strategy. The central bank announced earlier this week that it would now be seeking to address interest rates on government bonds to reach its inflation goals,

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Generic drugs give bumpy ride to Novartis

The Diovan drug manufacturer Novartis (NYSE: NVS) has shown little movement, so far, after the release of its fiscal 2016 second-quarter results that beat the analysts’ estimates. One of the main reasons for the range bound movement between 80 and

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Bundesbank Chief Warns Of Threat To London’s Financial Industry

Jens Weidmann, the president of Germany’s central bank Bundesbank stated that Britian’s move to exit the European Union (EU) would have a severe impact on London’s position as a financial hub, since UK banks would lose access to the remaining

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Greenback strengthens on speculation of surprise Fed hike

For the past few weeks, a series of mixed US economic data has kept the Greenback range bound against the top five traded currencies. The reluctance of the traders to expose themselves to large positions, ahead of the monetary policy

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UK Sees Declining Lending Trends for First Time Buyers

Latest data from UK mortgage markets indicate mixed trends for the country’s housing sector. Re-mortgage lending went to its highest in seven years but mortgage lending to first-time buyers was down by 19 percent over previous month. The Council of

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