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Economic News
U.S. consumer sentiment plummets in early August to decade low
By Evan Sully and Lindsay (NYSE:LNN) Dunsmuir(Reuters) -U.S. consumer sentiment dropped sharply in early August to its lowest level in a…
China central bank to keep monetary policy ‘flexible and appropriate’
BEIJING (Reuters) -China's central bank said on Monday it would keep monetary policy flexible and appropriate to maintain stability as the…
S&P 500, Dow touch fresh peaks as solid jobs data boosts cyclicals
By Shreyashi Sanyal(Reuters) - The Dow and the S&P 500 indexes scaled record highs on Friday as shares in economy-linked sectors…
South Korea’s second-quarter GDP growth hits decade high but risks loom
By Cynthia KimSEOUL (Reuters) - South Korea's economy expanded at the fastest annual pace in a decade in the second quarter, thanks to a…
Factbox-Global big banks plot back-to-office plans as vaccines roll out
(Reuters) -The biggest banks in the world plan to re-open their offices, emboldened by aggressive vaccination drives and falling COVID-19…
BOJ’s price outlook views muddled by commodity rise, weak spending
By Leika KiharaTOKYO (Reuters) - Bank of Japan policymakers saw the price outlook muddled by rising global commodity costs and soft…
Australian central bank’s policy optimism tested by lockdowns
By Wayne ColeSYDNEY (Reuters) -Australia's central bank was counting on the economy to keep surprising with its strength when trimming…
Japan maintains economic assessment in July report
TOKYO (Reuters) - Japan kept the overall assessment of its economy unchanged for a second straight month in July, retaining the view that…
U.S. retail sales unexpectedly rebound in boost to economic growth
By Lucia MutikaniWASHINGTON (Reuters) - U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as…
UK economic recovery to continue but new COVID-19 strains a threat: Reuters poll
By Jonathan CableLONDON (Reuters) - Britain's economy will expand rapidly this quarter as additional coronavirus-related restrictions…