U.S. Wholesale Inventories Climb More Than Expected In May

A report released by the Commerce Department on Wednesday showed wholesale inventories in the U.S. increased by slightly more than expected in the month of May. The Commerce Department said wholesale inventories climbed by 0.6 percent in May after inching up by 0.1 percent in April. Economists had expected inventories to rise by 0.5 percent. ...

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U.S. Producer Prices Rise More Than Expected In June

Producer prices in the U.S. increased by slightly more than expected in the month of June, according to a report released by the Labor Department on Wednesday. The Labor Department said its producer price index for final demand rose by 0.3 percent in June after climbing by 0.5 percent in ...

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Malaysia Central Bank Maintains Key Rate

Malaysia’s central bank left its key interest rate unchanged, as widely expected, on Wednesday. The Monetary Policy Committee of Bank Negara Malaysia decided to maintain the Overnight Policy Rate at 3.25 percent. The committee observed that the degree of monetary accommodativeness is consistent with the intended policy stance. “The MPC ...

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Australian Dollar Drops Amid Risk Aversion

The Australian dollar drifted lower against its major counterparts in the Asian session on Wednesday amid risk aversion, as the United States announced it would slap 10 percent tariffs on an extra 200 billion worth of Chinese imports in an escalating trade conflict between the world’s two biggest economies. Investors ...

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