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WASHINGTON, Oct. 15 (Xinhua) -- The policy-setting body of the International Monetary Fund (IMF) on Thursday warned that the COVID-19 pandemic threatens to leave long-lasting scars on the global economy, pledging to use all available policy tools to restore growth.
SYDNEY: Australia’s top central banker said monetary easing would become more effective as the economy loosens its coronavirus restrictions, an indication another cut to the official cash rate was likely.
Standard Bank Group Ltd, Africa’s largest lender by assets, is planning to scale-up some of its operations on the continent and further digitise its systems to fend off fintech firms encroaching on its client base.
China's leaders are currently putting the finishing touches on the country's 14th Five-Year Plan (2021-25).
Oct 15, China Daily/ANN: The International Monetary Fund has predicted that China's economy will expand by 1.9 percent this year, nearly double the rate forecast in June, and the country is expected to continue to lead the global economic recovery with robust production and a solid services sector rebound, economists said on Wednesday.
BEIJING (AFP): The rise in Chinese consumer prices slowed for a second successive month in September, official data showed Thursday (Oct 15), as pork supplies bounce back from the devastating African swine fever while farms recovered from flooding.
SYDNEY: The Reserve Bank of Australia (RBA) Board was studying the benefits that would come from buying longer-dated government bonds as part of its monetary stimulus package to boost jobs and growth, Governor Philip Lowe (pic) said on Thursday.
WASHINGTON, Oct. 14 (Xinhua) -- The Group of Thirty (G30) on Wednesday said rising debts had threatened funding for development priorities such as public health among the most vulnerable countries, calling for urgent policy response to support the poorer.
WASHINGTON, Oct. 14 (Xinhua) -- The global economy is experiencing a K-shaped recovery, as advanced economies have been able to provide support while the poorest countries are facing an increasingly desperate recession, World Bank Group President David Malpass said Wednesday.
WASHINGTON, Oct. 14 (Xinhua) -- World Bank Group President David Malpass on Wednesday welcomed the extension of debt relief program by the Group of Twenty (G20), calling for further efforts to help the poorest countries tackle the debt crisis.