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Japan Kept Economic Assessment Unchanged

Tokyo - QNA

The Japanese government kept its economic assessment unchanged in July, but warns of rising uncertainties following Britain's decision to leave the European Union. The monthly report by the Cabinet Office says the Japanese economy is on a moderate recovery, while weaknesses have recently been seen. Officials kept their assessments unchanged for most component items. They say private consumption is almostRead more

Draghi :ECB ready to take more actions to spur growth

Frankfurt - Arab Today

The European Central Bank kept its interest rates and policy plans unchanged on Thursday and said the immediate stress caused to markets by Britain's shock vote to leave the European Union had been contained. ECB President Mario Draghi said it was too early to ascertain the full impact of Brexit, however, and underlined that the euro zone's central bank wasRead more

Bank of Japan Keeps Monetary Policy Unchanged

Tokyo - QNA

The Bank of Japan decided Thursday to leave its monetary policy unchanged amid uncertainty over Britain's possible exit from the European Union. The dollar fell sharply against the yen to around mid-104 yen levels, the lowest since September 2014, immediately after the BOJ announced the decision at the end of a two-day policy meeting, according to Japan's (Kyodo) News Agency. Read more

US Federal Reserve Leaves Key Interest Rate Unchanged

Washington - QNA

The US Federal Reserve left its benchmark interest rate unchanged Wednesday after a two-day meeting in Washington, citing a slowing "pace of improvement" in the labour market. The latest US Labour Department report showed US payroll expansion screeched nearly to a halt in May, after a sharp slowdown in April. The Fed calibrates monetary policy toward the dual goals ofRead more

China's Industrial Output Growth Unchanged in May

Beijing - QNA

China's industrial output rose 6% year on year in May, unchanged from April, official data showed Monday. The pace of increase slowed from 6.8 percent registered in March and 6.1% posted in the same month of last year, according to data from the National Bureau of Statistics (NBS). Value-added industrial output, one of the leading indicators for economic growth, roseRead more

India's Central Bank leaves key rates unchanged

New Delhi - QNA

The Reserve Bank of India (RBI) kept a key interest rate unchanged at a five-year low of 6.50% on Tuesday in its bi-monthly policy review. This may not trigger an immediate reduction in EMIs for loan borrowers, but banks may nevertheless look at a lending rate cut in the coming months. In the first policy review of the financialRead more

BOK freezes key rate at 1.5% for May

Seoul - QNA

The Bank of Korea(BOK) has frozen the nation’s key interest rate at one-point-five percent for the eleventh consecutive month. In its monthly monetary policy meeting on Friday, the BOK decided to keep the record-low rate steady for May. The BOK lowered the rate four times between August 2014 and June last year by a total of one percentage pointRead more

US Stocks close unchanged

New York - QNA

US Stocks closed mostly unchanged on Thursday. The Dow Jones industrial average rose 9.45 points, or 0.05 percent, to 17,660.71.The Standard & Poor's 500 index closed down 0.49 of a point, or 0.02 percent, to 2,050.63. The Nasdaq composite index lost 8.55 points, or 0.2 percent, to 4,717.09. Read more