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Bank of England keeps key interest rate at 0.50% Bank of England keeps key interest rate at 0.50% The Bank of England said Thursday it had voted to keep its interest rate at a record-low 0.50 percent, but cut economic growth forecasts and warned of global "headwinds".
Kuwait signs $385 mn solar energy project Kuwait signs $385 mn solar energy project Kuwait signed a contract worth 116 million dinars ($385 million) with Spain`s TSK Group on Thursday for a 50 megawatt solar energy project as part of its renewable energy drive.
Australia's jobless rate falls to 6.2% Australia's jobless rate falls to 6.2% A total of 17,400 jobs were added to the economy last month, 11,500 full-time and 5,900 part-time, the figures from the Australian Bureau of Statistics showed.
Oil prices down ahead of US energy report Oil prices down ahead of US energy report US benchmark West Texas Intermediate for October delivery fell 65 cents to USD 43.50 while Brent crude for October dropped 76 cents to USD 46.82 in late-morning trade.
China deflation fears grow as producer prices sink most in 6 years China deflation fears grow as producer prices sink most in 6 years The producer price index (PPI) fell 5.9 percent in August from the same period last year, its 42nd consecutive month of decline and the biggest drop since the depths of the global financial crisis in late 2009, data showed on Thursday.
Asian stocks slip as Japan machinery orders disappoint, add to global woes Asian stocks slip as Japan machinery orders disappoint, add to global woes Asian stocks fell on Thursday after US stocks retreated overnight and as Japan machinery orders unexpectedly shrank, deflating investors` appetite for riskier assets.
China consumer inflation rises to 2% in August China consumer inflation rises to 2% in August The reading for the consumer price index, a main gauge of inflation released by the National Bureau of Statistics (NBS), was higher than July`s 1.6 percent and the strongest since a similar 2.0 percent in August last year.
China capable of maintaining `high` growth: Li China capable of maintaining `high` growth: Li The Chinese government is capable of maintaining high economic growth, Premier Li Keqiang said on Wednesday, after fears the economy was slowing rocked global financial markets in recent weeks.
140,000 Lufthansa passengers grounded by pilots' strike 140,000 Lufthansa passengers grounded by pilots' strike German airline Lufthansa Wednesday said 140,000 passenger were grounded and 1,000 flights cancelled as a two-day strike by pilots entered its second day.
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