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LUXEMBOURG: The European Central Bank left its benchmark interest rate unchanged at 1 percent Thursday, preferring to wait and see if its spectacular infusion of credit into the banking system will loosen lending to consumers and businesses in the euro zone's struggling economy.
NEW YORK (AP) - The dollar was lower against most major currencies Wednesday on mixed economic reports that showed more stable manufacturing activity and a rise in pending home sales.
TOKYO: Sentiment at big Japanese manufacturing firms improved in the three months to June, data on Monday showed, but the World Bank said prospects for the global economy remain 'unusually uncertain' as it cut 2009 growth forecasts for most economies.
SYDNEY: The world's top policymakers offered their most upbeat assessment of the global economy in months, saying it was stabilising and that it could start growing again as soon as late this year.
BRUSSELS: Europe's economy will not start recovering until the second half of next year, the European Commission said yesterday as it slashed its forecasts to reflect the region's deepest recession since World War Two.