BRASMLIA, Oct 19 (APP/AFP): Brazil’s central bank cut its key interest rate for the first time in more than three years Wednesday, lowering it 0.25 points to 14 percent as a new center-right government’s reforms kick in. The bank cited lower inflation as evidence “compatible with a recent stabilization of the Brazilian economy and the […]
Business News
Brazil central bank cuts interest rate 0.25 points, to 14%
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Asian stocks mostly up, but traders shrug at China GDP
HONG KONG, Oct 19 (APP/AFP): Asian markets mostly rose Wednesday but early gains were pared as dealers shrugged at news China’s economy had stabilised in the third quarter. News that China grew at 6.7 percent during July-September, beating a forecast in an AFP poll, came as relief following a years-long slowdown in the country that […]
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Nissan’s Ghosn to head Mitsubishi Motors: report
TOKYO, Oct 19, (APP/AFP) – Nissan chief Carlos Ghosn will become chairman of Mitsubishi Motors after Japan’s number two automaker announced a major investment in its scandal-hit rival, a report said Wednesday. Mitsubishi’s Tokyo-listed shares soared more than 10 percent to 536 yen ($5.15)in afternoon trading, shortly after the report by the leading Nikkei business […]
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Shanghai stocks end morning up after China data
HONG KONG, Oct 19, (APP/AFP) – Shanghai stocks rose Wednesday morning following data showing China’s economy stabilised in the third quarter of the year but Hong Kong gave up initial gains. The benchmark Shanghai Composite Index added 0.12 percent, or 3.66 points, to 3,087.54 but the Shenzhen Composite Index, which tracks stocks on China’s second […]
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China GDP growth stable at 6.7% in third quarter: govt
BEIJING, Oct 19, (APP/AFP) – China’s growth was steady at 6.7 percent in the third quarter, government data showed Wednesday, a sign of stabilisation in the world’s second-largest economy. The results slightly exceeded the median analyst expectation of 6.6 percent in an AFP poll. “The general performance was better than expected,” the National Bureau of […]
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China industrial output up 6.1% on-year in September: govt
BEIJING, Oct 19, (APP/AFP) – China’s industrial output growth eased to 6.1 percent on-year in September, government data showed Wednesday, as sluggish global demand weighs on the world’s second-largest economy. Fixed-asset investment rose 8.2 percent in the first nine months of the year, the National Bureau of Statistics said, while retail sales rose 10.7 percent […]