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Added on the 07/09/2018 06:58:31 - Copyright : Wochit
Consumer inflation in China slowed more than forecasted pressuring the central bank to curb further deflationary risks. Meg Teckman reports.
The euro has extended losses into a sixth straight day to trade near a nine-year low as investors bet the ECB was getting closer to adopting quantitative easing to ward off deflation. As Sonia Legg reports a slump in German industrial orders and concerns over Greece reinforced bearish views of the single currency.
Brent crude oil has fallen almost $2 a barrel hitting a new five-year low. As Sonia Legg reports the slump followed predictions that oversupply will keep building until next year after OPEC decided not to cut output.
The Lebanese pound sinks to a historic low against the dollar on the parallel market, as banks in the crisis-hit country resumed an open-ended strike. The Lebanese pound, officially pegged at 15,000 to the dollar, was trading at 100,000 against the greenback on Tuesday, dealers said -- a dizzying plunge from 1,507 before the economic crisis hit in 2019. IMAGES
European Central Bank president Christine Lagarde says interest rates will stay at their current record low levels until it sees inflation "durably" reaching the bank's new target of two percent. IMAGES
Shanghai, Apr 16 (EFE/EPA).- China's GDP grew by 18.3% year-on-year during the first quarter of 2021, the National Statistical Office (ONE) reported Friday.(Camera: ALEXANDER PLAVEVSKI) SHOT LIST: B-ROLL OF SHANGHAI, CHINA.