The International Monetary Fund (IMF) warned Wednesday that American importers and consumers are footing the bill for the U.S. administration's tariffs imposed on Chinese goods, and that the levies won't resolve the trade imbalance between the two economies.
Data from the U.S. Federal Reserve (Fed) showed on Thursday that the central bank increased its holdings of the U.S. Treasury securities after it announced an early conclusion of its "Balance Sheet Normalization" process.
Shandong Iron and Steel Co., Ltd., a subsidiary of major Chinese steel producer Shandong Iron and Steel Group, saw its net profit slump 65.58 percent year on year in the first half of 2019.
The U.S. benchmark mortgage rate dropped to nearly 3-year low last week, the Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, said on Thursday.
Serbia officially became a non-regional member of the Asian Infrastructure Investment Bank (AIIB), the country's ministry of finance confirmed on Thursday in a press release.
U.S. equities closed little changed as investors took a wait-and-see attitude amid monetary policy uncertainties and economic recession concerns.
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