China's yuan internationalisation should be market-driven, will take time-regulator

BEIJING, July 16 (Reuters) – China’s policy of internationalising the use of its yuan currency should be market-driven and cannot be accomplished overnight, the head of its foreign exchange regulator said on Tuesday. China will continue to encourage cross-border use of the yuan in trade and investment and will make it easier for foreign investors to use yuan to invest […]

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DealBook Briefing: China’s Economic Growth Is at Its Slowest Since 1992

Good Monday morning. Breaking: President Trump is said to be considering ousting Commerce Secretary Wilbur Ross, NBC News reports. (Was this email forwarded to you? Sign up here.) China’s economic growth is sputtering The country’s economy grew at its slowest pace in nearly three decades, showing how the U.S.-China trade war and a global economic cool-down are taking their toll. […]

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Pound US dollar exchange rate: GBP/USD fluctuates, markets brace for Fed speech

However, gains were latter tempered by a slightly better-than-forecast US PPI report.  Overnight Chinese growth figures hit their worst levels in 27 years, but the US dollar failed to benefit from its safe-haven status as Chinese retail sales, industrial production and fixed asset investments beat forecasts. The pound, meanwhile, has remained subdued against many of its competitors following the publication […]

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Brazil pension reform helps improve inflation outlook, says central bank chief

BRASILIA (Reuters) – Brazil Central Bank President Roberto Campos Neto on Thursday welcomed the approval by Congress of a landmark overhaul of the country’s pension system, saying the reforms help create a benign outlook for inflation. In an interview with the GloboNews television channel, Campos Neto said Wednesday’s resounding vote by lower house lawmakers represented an important moment for the […]

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Top US port for China ocean trade reports decline in June imports amid dispute

The Los Angeles and Long Beach port complex, the nation's busiest and the No. 1 for ocean trade with China, handled 5.1% fewer inbound containers of cargo in June, as the trade standoff between Washington and Beijing disrupts global supply chains. Imports to the smaller Port of Long Beach dropped 13.7% from June 2018, more than offsetting the 3.5% gain […]

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ARROWSMITH ENGINEERING: £200,000 robotic investment boost jobs

“We’re taking on more people for higher skilled jobs as automation makes us more competitive,” says the manufacturer’s managing director Jason Aldridge who is aiming for £9 million turnover in 2020 after it rose 49 per cent last year. This follows £200,000 investment in digital production and restructure of the Coventry-based precision engineering operation that supplies components for aircraft engines and […]

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German inflation moves closer to ECB target, revised data shows

BERLIN, July 11 (Reuters) – German annual inflation accelerated to 1.5% in June, remaining below the European Central Bank’s target, final data from the Federal Statistics Office showed on Thursday. The reading for German consumer prices – harmonised to make it comparable with inflation data from other European Union countries – was revised up after preliminary data released at the […]

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Federal Reserve members saw a strengthening case for a rate cut, minutes of June meeting show

"Several participants noted that a near-term cut in the target range for the federal funds rate could help cushion the effects of possible future adverse shocks to the economy," the minutes said. "Participants generally agreed that downside risks to the outlook for economic activity had risen materially since their May meeting, particularly those associated with ongoing trade negotiations and slowing economic […]

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