China’s current interest rate levels appropriate -c.bank official

China’s current interest rate levels are appropriate, Sun Guofeng, the head of the central bank’s monetary policy department, told a news conference on Friday. The bank would use various policy tools to ensure liquidity was reasonably ample, Sun added. Source: Reuters (Reporting by Kevin Yao and...

https://www.hellenicshippingnews.com/chinas-current-interest-rate-levels-appropriate-c-bank-official/

One year since trade agreement, positive signs emerge for China-US ties ahead of US power transfer

Just days ahead of a power transfer in the US, several positive signs – from solid progress for the phase one trade agreement, encouraging words from China’s top leader, to the news of potential engagement between Chinese officials and the new US administration – emerged on Thursday, pointing to a...

https://www.hellenicshippingnews.com/one-year-since-trade-agreement-positive-signs-emerge-for-china-us-ties-ahead-of-us-power-transfer/

Spain to start reducing debt-to-GDP ratio in 2021, Economy Minister says

Spain expects to start reducing its deficit and debt-to-GDP ratio in 2021, Economy Minister Nadia Calvino said on Thursday, thanks to an expected economic rebound from 2020’s coronavirus-induced slump. In the third quarter Spain’s debt-to-GDP ratio reached 114.1% from 97.5% a year earlier as spending rose dramatically to cushion the blow from the pandemic, while …

The post Spain to start reducing debt-to-GDP ratio in 2021, Economy Minister says first appeared on Hellenic Shipping News Worldwide.

https://www.hellenicshippingnews.com/spain-to-start-reducing-debt-to-gdp-ratio-in-2021-economy-minister-says/

EU companies in China should ‘prepare for the worst’ in digital decoupling: report

Digital decoupling between China and the United States could severely impact EU businesses in China and they should “prepare for the worst” and may be forced into a costly separation of their international operations, European business groups said. While political, trade and financial decoupling are concerning, China-U.S. rivalry in the technology sphere is set to …

The post EU companies in China should ‘prepare for the worst’ in digital decoupling: report first appeared on Hellenic Shipping...

https://www.hellenicshippingnews.com/eu-companies-in-china-should-prepare-for-the-worst-in-digital-decoupling-report/

COVID-19, renewed benefits boost U.S. weekly jobless claims

The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labor market conditions as a worsening COVID-19 pandemic disrupts operations at restaurants and other businesses. The larger-than-expected increase in weekly unemployment claims reported by the Labor Department on Thursday was seen by some economists as driven by the …

The post COVID-19, renewed benefits boost U.S. weekly jobless claims first appeared on Hellenic Shipping...

https://www.hellenicshippingnews.com/covid-19-renewed-benefits-boost-u-s-weekly-jobless-claims/

BOJ seen upgrading next year’s growth forecast as stimulus eases pandemic pain: sources

The Bank of Japan is expected to slightly revise up its economic forecast for next fiscal year on hope the government’s stimulus package will moderate the pain from state of emergency measures to combat COVID-19, sources familiar with its thinking said. In a quarterly review of its projections due...

https://www.hellenicshippingnews.com/boj-seen-upgrading-next-years-growth-forecast-as-stimulus-eases-pandemic-pain-sources/

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