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Category Latest News

US dollar strengthens ahead of Fed rate cut move

NEW YORK :The U.S. dollar strengthened against most major currencies on Tuesday following better-than-expected retail sales data that seemed to support a less aggressive stance by the Federal Reserve when it delivers a much expected interest rate cut. Commerce Department…

Bank of China president Liu Jin resigns

BEIJING: Bank of China’s vice chairman and president Liu Jin resigned for personal reasons effective on Sunday (Aug 25), the bank said. The state-owned lender said its board had approved chairman Ge Haijiao to serve as acting president, according to…

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