HomeLatestXinhua world financial news abstract at 0900 GMT, Dec. 12

Xinhua world financial news abstract at 0900 GMT, Dec. 12

NEW YORK — The U.S. dollar stayed almost flat in late buying and selling on Monday, as traders have been ready for the U.S. Consumer Price Index (CPI) on Tuesday and the U.S. Federal Reserve (Fed) fee name on Wednesday.

The dollar index, which measures the buck in opposition to six main friends, elevated 0.08 p.c to 104.0952 in late buying and selling. (US-Dollar)

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TOKYO — Japan’s producer costs rose 0.3 p.c in November from a 12 months earlier, marking the smallest improve since February 2021, the Bank of Japan (BOJ) mentioned Tuesday.

The producer worth index, which measures prices of products traded between companies, rose for 33 months in a row, however the tempo of development has been slowing for 11 straight months after peaking at 10.6 p.c final December, in accordance with the BOJ. (Japan-Producer Prices)

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MANILA — The Asian Development Bank (ADB) on Tuesday mentioned it has accredited a 32-million-U.S. dollar financing package deal to strengthen Laos’ response to local weather change and enhance the livelihoods of agricultural communities in Vientiane and the central provinces of Bolikhamxai and Khammouan.

The ADB mentioned the Flood and Drought Mitigation and Management Sector Project will assist Laos in its efforts to scale back monetary and financial losses from floods and droughts and improve dietary variety. (Philippines-ADB Loan-Laos)

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KIEV — Ukraine’s gross home product (GDP) expanded by 9.3 p.c 12 months on 12 months within the third quarter of 2023, the State Statistics Service mentioned on Monday.

On a quarterly foundation, the Ukrainian financial system grew by 0.7 p.c within the July-September interval in contrast with the earlier quarter, the statistical company mentioned in a report. (Ukraine-GDP)

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CANBERRA — Australia’s nationwide science company has introduced analysis grants for 5 cutting-edge quantum analysis initiatives.

The Commonwealth Scientific and Industrial Research Organisation (CSIRO) on Tuesday granted 5 initiatives a mixed 3.6 million Australian {dollars} (2.3 million U.S. {dollars}) in funding to pursue analysis that solves business challenges whereas rising the nation’s quantum know-how business. (Canberra-Australia-quantum know-how)

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