Prime News: US economy degenerated in Q4 amid firm consumer spending

Economic expansion in the United States degenerated in the last quarter and amid to grow modestly despite strong consumer spending.
Gross domestic product increased at a yearly pace of 1.9%, based on the second forecast of the Commerce Department, as d…

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Prime News: ECB seeks to test banks’ capability to weather rate shocks

The European Central Bank unveiled it will put to the nto test the capacity of banks to withstand rapid changes in interest rates.
The central bank revealed Tuesday details of its latest series of stress tests to find out how much capital banks would h…

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Prime News: EIA: US December crude output reached 8.783 million barrels a day

America’s oil production reached 8.783 million barrels a day in December, down 91,000 barrels a day.
An EIA report, published Tuesday, showed oil firms scaled down activity onshore. The federal agency said the level of crude production tumbled to 8.874…

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Indonesia Manufacturing PMI Drops To Contraction – Nikkei

The manufacturing sector in Indonesia swung to contraction in February, the latest survey from Nikkei revealed on Wednesday with a manufacturing PMI score of 49.3.

That was down from 50.4 in January, and it slips below the boom-or-bust line of 50 th…

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