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World

GM posts 800-mln-USD loss in 2nd quarter

CHICAGO, July 30 (Xinhua) -- General Motors (GM) reported a net income loss of 758 million dollars on revenue of 16.8 billion dollars in the second quarter, the U.S. automaker released its second-quarter results on its website on Wednesday.

Banking

Longer Fed currency swap

SEOUL: South Korea’s central bank says it has agreed to renew an existing currency swap agreement with the US Federal Reserve (Fed) by six months to at least March 31,2021.