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World Logistics Passport expands in South America
(The Khaleej Times) The World Logistics Passport (WLP), a unique loyalty programme established to increase trading opportunities between emerging markets, is expanding in South America – with Uruguay’s Ministry of Foreign Relations signing a memorandum of understanding (MoU) on Wednesday. More than 10 countries are now part of the major policy initiative – trading nations …
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Polish retail sales 3.1% down y/y in February: stats office
(The Polskie Radio) Retail sales in Poland went down by 3.1 percent in February at constant prices compared with the same month a year earlier, the country’s Central Statistical Office (GUS) reported on Friday. As the world struggles to cope with the coronavirus pandemic, sales of fuels fell by 14.8 percent in Poland last month in year-on-year terms, and those of cosmetics and pharmaceuticals decreased by 13.5 percent, the state-run …
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Japan: Further Effective and Sustainable Monetary Easing
(The Bank of Japan) Assessment for Further Effective and Sustainable Monetary Easing At the Monetary Policy Meeting held today, the Bank of Japan conducted an assessment for further effective and sustainable monetary easing (see Attachment 1). Based on the findings, the Bank judged that the following basic stance on monetary policy was important: with a …
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Italy: PRODUCTION IN THE CONSTRUCTION SECTOR
(The Istat) In January 2021, estimates for construction output increased by 4.5% in the month-on-month series, after falling in December (-4.2%). In the three months to January 2021, the seasonally adjusted index of production in construction contracted by 2.8% when compared with the previous three months. Year on year, the unadjusted index for construction output …
HDFC Bank’s MSME book grows 30% to cross Rs 2 trillion-mark
(Times of India) HDFC Bank’s MSME book grew 30 percent year -on-year to cross the Rs 2-lakh-crore-mark as December-end, mainly boosted by the pandemic-included ECLG scheme under which it disbursed over Rs 23,000 crore. The growth is also driven by a renewed push towards customers in semi-urban and rural area, the bank has said. In …
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Hungarian forint to reach historic all-time-low?
(Daily News Hungary) It seems that today, the Hungarian forint will set a new negative record compared to the USD or the euro. On Thursday, Hungarians had to give as much as HUF 369.2 for 1 euro, which was very close to the previous negative record of HUF 369.6 per 1 euro. Portfolio.hu, a Hungarian …
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JPMorgan Asset Management invests in China Merchants Bank wealth unit
(The Standard) China Merchants Bank Co said on Friday its wealth management unit is expected to receive investment of 2.7 billion yuan (US$414.80 million) from JPMorgan Asset Management (Asia Pacific) Limited, Reuters reports. JPMorgan would take a 10 percent stake in CMB Wealth Management as a strategic investor while the Shenzhen-based lender will retain a …
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Germany: Steinmeier honours Biontech founders
(The deutschland.de) The Federal President awarded the two scientists and entrepreneurs the Order of Merit of the Federal Republic of Germany for the development of their Corona vaccine. The founders of the German pharmaceutical company BioNTech, which developed one of the first vaccines against Covid-19, are to receive the Order of Merit of the Federal …
Australian sharemarket shrugs off positive US lead, lift from strong domestic jobs figures only temporary
(news.com.au) The Australian sharemarket underperformed leads from overseas markets and a slight lift from better-than-expected domestic unemployment figures didn’t stick, but gold stocks shone. The S&P/ASX 200 finished 0.73 per cent lower at 6745.9 while the All Ordinaries Index fell 0.63 per cent to 7003.6. OpenMarkets Group chief executive Ivan Tchourilov said Wall Street was …
Amazon looks to expand its telehealth footprint
(CNN) After helping to furnish your home office in 2020, Amazon now wants to help provide your healthcare. The tech giant is expanding Amazon Care — which currently provides its Washington-based employees with access to virtual and in-person health services — to its workers nationwide. And it plans to offer the service to other companies as a workplace benefit …