Argentina Economic Activity seen Back in the Red in June

BUENOS AIRES, Aug 20 Reuters Argentina39;s economic activity likely fell in June versus the same month a year earlier, analysts said, back in the red after a rare rise the month before amid tough austerity measures and costcutting under libertarian President Javier Milei. The median forecast from 16 analysts sees economic activity down 1.9 yearonyear […]
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ECB may Need to Cut Rates again in Sept, Rehn says

NEW YORK, Reuters The European Central Bank may need to cut interest rates again in September given persistent economic weakness, Finnish central bank chief Olli Rehn said on Monday. The ECB was among the first major central banks in the world to cut interest rates in June, partially reversing a record string of hikes, but […]
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Sterling Hits 1mth High Versus Dollar, awaits Data, Bailey

Aug 20 Reuters Sterling hit a onemonth high against a weakening dollar and was flat versus the yen on Tuesday. Investors are awaiting business activity figures on Thursday and comments from Bank of England governor Andrew Bailey at a meeting of central bankers at Jackson Hole on Friday. Official data showed signs of improvement for […]
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IT Leads Rise in Indian Shares

BENGALURU, Aug 20 Reuters Indian shares tracked Asian peers higher on Tuesday, led by information technology stocks, on hopes the U.S. Federal Reserve will start cutting rates from September. The NSE Nifty 50 index was up 0.53 at 24,702.65 as of 1010 a.m. IST, and the SP BSE Sensex rose 0.51 to 80,839.08. Ten of the 13 […]
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