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Economy

Economists Fear China May Depend on Shadow Banking for Giving Boost

After numerous stories of a global slowdown, the Chinese official growth rate has given almost everyone a threat of the…

Service Sector, New Home Sales Picks Up In The US

The United States Commerce Department released data which shows that there was an increase in new home sales and reached…

South Carolina Resident Claims $1.5 Billion Mega Millions Jackpot

The mystery over the owner of the $1.5 Billion Mega Jackpot is likely to be over now. On Monday, Lottery…

Bank of Korea Holds Interest Rates Amid Growth Uncertainties

A slowdown in the global economic growth and the consequent declining exports has been a problem for most countries over…

Britain Faces Brexit Delay as the PM Keeps Working on Fresh Deal

As the deadline for the United Kingdom’s exit from the European Union of 29th March approaches, the political class in…

HSBC Profits Disappoint as China and UK Challenges Bite

HSBC Holdings recently reported that profits fell well below the analysts’ estimates and has forecasted a gloomy outlook for the…