Minister Oduwole on Nigeria FDI Reforms, Trade
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Fed's Schmid Says Policy Stance Still Appropriate for Time Being
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Bloomberg
an hour ago
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China's Industrial Output Seen Slowing on Rain, Capacity Curbs
The expansion in China's industrial output likely slowed sharply last month as downpours disrupted factory and mine operations while the government intensified efforts to rein in excess capacity. Official data due Friday will show industrial production increased 6% in July from a year earlier, down from a 6.8% gain in the previous month, according to the median forecast by 33 economists in a Bloomberg survey. Retail sales growth is expected to soften to 4.6%, which would be the lowest in five months.
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an hour ago
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Treasury Secretary Urges Europe to Back US Tariffs on Russian Trade Partners
Europe must be ready to join the United States in imposing higher tariffs on China and other countries that buy Russian energy, U.S. Treasury Secretary Scott Bessent said on Aug. 13. In an interview with Bloomberg, Bessent said sanctions on Russia—and nations doing business with it—'can go up' or 'can be loosened' depending on the outcome of President Donald Trump's meeting with Russian President Vladimir Putin, scheduled for Aug. 15.
