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BERLIN (Reuters) - Chancellor Angela Merkel is in good health and on track to serve her full term in office through to 2021 in coalition with her Social Democrat (SPD) governing allies, her chief of staff told Reuters on Wednesday.
The dollar erased its weekly gains, closing marginally lower by 0.02% to 96.8 after the US Federal Reserve’s Williams commented on the need for the central bank to “act quickly” as economic growth slows, fuelling market players to add bets on a 50-basis point (bps) cut in July’s FOMC meeting.
KIEV (Reuters) - Ukrainian President Volodymyr Zelenskiy's party took a commanding lead in Sunday's snap parliamentary election, consolidating the power of the novice politician whose stunning rise has upended traditional politics in the war-scarred nation.
FRANKFURT: Mario Draghi (pic) is entering the final three months of his European Central Bank presidency with a plan that will see his influence linger well after he’s replaced by Christine Lagarde.
WASHINGTON: Pakistan needs to mobilise domestic tax revenue to ensure funds for social and development programs, while reducing debt, the acting director of the International Monetary Fund said on Sunday after a meeting with Pakistani Prime Minister Imran Khan
NOW that Christine Lagarde has announced her resignation as managing director of the International Monetary Fund (IMF), German chancellor Angela Merkel says Europeans “again” have a “claim” to fill what is arguably the world’s most important economic job. Merkel is invoking a decades-old political deal, which gives Europe the IMF leadership in return for allowing Americans to run the World Bank.
HOUSTON: Oil rose to almost $64 on Tuesday, jumping late in the session after the head of U.S. Central Command said the United States may have taken down a second Iranian drone over the Strait of Hormuz last week.
KUALA LUMPUR: Warning of the possibility of a global economic recession next year, Affin Hwang Capital said Malaysia needs to implement immediate measures to cushion against the impact.
KUALA LUMPUR: The ringgit opened flat today against the US dollar as the greenback continued to gain traction ahead of a widely expected US and European Central Bank (ECB) interest rates cut.