[ad_1] Data confirmed estimates that German GDP would shrink 0.1% Germany’s economy shrank slightly in the third quarter compared with the previous three months, statistics office data showed on Friday. The numbers confirmed an initial estimate, published at the end of October, which indicated that Europe’s largest economy had shrunk by 0.1%. (GRAPHIC FROM
[ad_1] © Reuters. On Friday, the yen fell sharply against the dollar, trading at 148.31, following the Bank of Japan’s decision to keep interest rates in negative territory. This move indicates that the bank is not in a hurry to wind down its large-scale stimulus program. Concurrently, the dollar rose by 0.2%, marking its 10th
[ad_1] © Reuters. FILE PHOTO: Coins and banknotes of China’s yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo SHANGHAI (Reuters) -China’s central bank has stepped up efforts to support the yuan currency this week in the wake of renewed downside pressure amid Beijing’s underwhelming measures to stabilise a faltering
[ad_1] © Reuters. FILE PHOTO: Coins and banknotes of China’s yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo SHANGHAI (Reuters) – China’s currency regulators have been asking some commercial banks to reduce or postpone their purchases of U.S. dollars, two people with direct knowledge of the matter said. The
