Eurozone Private Sector Growth At 6-Month High

The euro area private sector growth reached a six-month in February, as initially estimated, despite the outbreak of coronavirus, final survey data from IHS Markit showed Wednesday. The composite output index rose to 51.6 in February from 51.3 in January. A score above 50 indicates expansion. The eurozone economy showed resilience to disruptions arising from the coronavirus outbreak in February, […]

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Coronavirus Outbreak Leads To Sharp Fall In China’s Business Activity

China’s private sector contracted the most in February as company closures and travel restrictions were put in place due to the coronavirus outbreak, survey data from IHS Markit showed Wednesday. The Caixin composite output index dropped sharply to 27.5 in February from 51.9 in the previous month. A score below 50 indicates contraction. The index signaled the sharpest decline in […]

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Australia’s Growth Exceeds Expectations In Q4

Australia’s economy expanded more than expected in the fourth quarter ahead of the spread of coronavirus, data from the Australian Bureau of Statistics revealed Wednesday. Gross domestic product climbed 0.5 percent sequentially after expanding by revised 0.6 percent in the third quarter. Economists had forecast the growth to ease to 0.4 percent. On a yearly basis, GDP advanced 2.2 percent, […]

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COVID-19 | Federal Reserve cuts key interest rate due to virus risk

Dow slides as U.S. stocks resume sell-off after the Fed move. The U.S Federal Reserve implemented on March 3 an emergency rate cut, responding to the growing economic risk caused by the coronavirus epidemic and giving President Donald Trump the stimulus he has called for. Also read | Coronavirus infects global markets, investors exit equities | Coronavirus: Full coverage In […]

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Why Consumer Financial Protection Bureau's structure is a real threat to small business, individual liberty

CFPB remains the most unaccountable agency in the history of US: Hensarling Rep. Jeb Hensarling, (R-Texas), on Facebook’s data scandal, the CFPB and Syria. The DNA of our Constitution, through defined separation of powers between three, co-equal branches of government, reflects a deep skepticism of centralized power. Often these three branches are in friction with each other, each defending their […]

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