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Weak uptake for European Central Bank credit
Doubts rising on stimulus to stave off deflation and revive the eurozone economy
Alibaba to raise up to $25 billion with revised IPO price
Chinese online giant Alibaba on Monday boosted the price range for what was already expected to be the biggest stock offering on record, to as much as $25.03 billion.
US August inflation cools
Homebuilder sentiment at 9-year high; current account deficit shrinks 3.5%
China ‘injects’ $81 billion into banks
China’s central bank is injecting a combined 500 billion yuan ($81.35 billion) of liquidity into the country’s top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy.
Airbus to sell off business units with $2.6 billion revenue
Airbus Group has unveiled plans to sell half a dozen businesses with combined annual revenues of around €2 billion ($2.6 billion), simplifying its Defence and Space division to focus on warplanes, missiles, launchers and satellites.
Opec chief sees lower output
The Opec’s secretary-general said he expected the group to lower its oil output target when it meets in late November, which would be its first formal output cut since the 2008 financial crisis.
OECD chops economic forecasts
The sickly eurozone recovery is a drag on the outlook for the global economy, the OECD warned on Monday as it cut growth forecasts for most major advanced economies.
World awaits white smoke to arise from Fed meeting
As the US economy picks up pace, its central bank is inching closer to raising interest rates, a move that will send ripples across the globe.
Strategies in Asian equities
Abenomics has proved successful in helping Japan emerge form deflation, says Matein Khalid
EU seeks economic revival
Ministers need radical steps to help growth at a time of record unemployment.
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