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STOCKHOLM: Telecoms equipment maker Ericsson on Tuesday confirmed recent media reports that it will cut 3,000 jobs in Sweden, including in production, research and development.
NEW YORK: US oil producers put more rigs back to work, marking the highest level of activity since February as crude markets headed for a second monthly gain.
PRIOR to 2008 Global Financial Crisis, there were hardly any central banks that considered using any of the unconventional monetary policies such as zero interest rate policy, quantitative easing, credit easing, forward guidance, negative deposit rate and unlimited foreign exchange intervention.
BEIJING: China's yuan joins the International Monetary Fund's basket of reserve currencies on Saturday in a milestone for the government's campaign for recognition as a global economic power.