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ECB tweaks eurozone growth, inflation forecasts
FRANKFURT: The European Central Bank on Thursday downgraded slightly its growth forecast for the 17-country eurozone for this year, but revised upwards fractionally its prognosis for next year as it held its key interest rates steady. The eurozone economy is now projected to shrink by 0.6 percent this year and then grow by 1.1 percent next year, ECB chief Mario ...Full Article
Malindo Air upbeat over pricing strategy
KUALA LUMPUR, June 6: Budding hybrid carrier, Malindo Air, is optimistic that it can stir the much-monopolised Malaysian aviation market, with its sustainable, market-driven cost structure and ticket pricing strategy. ...Full Article
China opens wine probe after EU imposes solar tariffs
BEIJING, June 6: Beijing has begun an anti-dumping probe into European wine, the commerce ministry said Wednesday, after the EU imposed tariffs on solar panel imports from China. “The ...Full Article
US private sector job growth disappoints
WASHINGTON, June 6: The US private sector added fewer jobs than expected in May, according to a report from payroll firm ADP on Wednesday that came two days ahead of ...Full Article
China, Mexico presidents agree on ‘strategic’ partnership
MEXICO CITY, June 6: Chinese President Xi Jinping and his Mexican counterpart vowed to work jointly to access international markets, like the lucrative US market, as part of a ...Full Article
Air New Zealand boosts stake in Virgin Australia
WELLINGTON, June 6: Air New Zealand said Thursday it had boosted its stake in Virgin Australia to 23 per cent and was considering buying more, but denied any plans ...Full Article
MOF eyes 100 percent penetration on banking services
KUALA LUMPUR, Jun 5: The Ministry of Finance, through Bank Simpanan Nasional Bhd (BSN), is eyeing a 100 per cent penetration rate for banking services nationwide. This follows the appointment ...Full Article
MAS to boost Islamic finance in Singapore
SINGAPORE, Jun 5: The Monetary Authority of Singapore (MAS) is working on measures to further boost Islamic finance activities in the country. Deputy Chairman of the MAS, Lim Hng ...Full Article
US trade deficit rises to US$40.3b in April
WASHINGTON, Jun 5: The US trade deficit grew in April as consumers snapped up foreign goods such as cellphones, televisions and clothing, official data showed on Tuesday. The trade gap widened to $40.3 ...Full Article
Global economy may be in “softer patch”: Lagarde
WASHINGTON, Jun 5: The head of the International Monetary Fund (IMF), Christine Lagarde, warned on Tuesday the global economy may be slowing more than thought just over a month ...Full Article