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U.S. Manufacturing Activity Unexpectedly Contracts At Faster Rate In February

Manufacturing activity in the U.S. unexpectedly contracted at an accelerated rate in the month of February, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI dipped to 47.8 in February Read More →

India GDP Growth Climbs To 8.4% In December Qtr

India's economic growth improved strongly to 8.4 percent year-on-year in the December quarter from 7.6 percent in the previous three months, preliminary estimates from the statistics ministry showed Thursday. Economists had forecast the growth rate to slow to 6.6 percent.Read More →

Japan January Industrial Production Sinks 7.5%

Industrial output in Japan slumped a seasonally adjusted 7.5 percent on month in January, the Ministry of Economy, Trade and Industry said on Thursday.Original Article Read More →

Hong Kong Scraps Property Curbs; Lifts Tax On High Income Earners

Hong Kong Financial Secretary Paul Chan on Wednesday scrapped measures intended to cool the property market, and raised the tax on high income earners to plug the hole in the budget. In the Budget Speech, Chan estimated economic growth of Read More →

U.S. Consumer Confidence Unexpectedly Deteriorates In February

Reflecting persistent uncertainty about the U.S. economy, the Conference Board released a report on Tuesday showing an unexpected deterioration in U.S. consumer confidence in the month of February. The Conference Board said its consumer confidence index slid to 106.7 in Read More →

Dollar Turns In Another Lackluster Performance

The U.S. dollar turned in a lackluster performance on Monday with investors awaiting a slew of economic data, including the Fed's preferred gauge of inflation on Thursday for further clues on the prospects of early rate cuts.Original Article Read More →