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Surprise rate cut in Mexico 'no use' for growth in short term
The Mexican central bank’s surprise interest rate cut on Thursday is likely to have a limited impact at best on lifting growth this year after the sluggish economy narrowly avoided recession in the first half of 2019, analysts say.
SNB likely to follow interventions with interest-rate cut
The Swiss National Bank (SNB) may have to do more than pump billions into foreign exchange markets into prevent the franc from appreciating to a damaging level.
Global growth forecast cut by IMF amid trade tensions
The International Monetary Fund (IMF) has cut its growth forecasts for the global economy for this year and next.
Iran to cut US access to domestic android applications: Minister
Iran’s minister of telecommunications says that the country is planning to equip mobile devices in the country with a special operating system that would prevent the United States government from banning Iran-made mobile applications.
OPEC crude oil output shrinks in May: Survey
OPEC has so far avoided a bruising intra-bloc market share battle, with top exporter Saudi Arabia’s crude oil production falling to a four-and-a-half-year low in May, even as sanctions-hit Iran and Venezuela continue to see their output contract, an S&P Global Platts survey showed.
Reuters poll: Bank of Canada done raising rates, 40% chance of cut by end-2020
The Bank of Canada (BoC) is done raising interest rates until at least the end of next year, with a serious risk of a cut by then as policymakers become more wary of slowing growth and global trade tensions, a Reuters poll showed on Friday.
OPEC sees more demand for its oil as it keeps cutting output
OPEC said that world demand for its oil would be higher than expected this year as supply growth from rivals including US shale producers slows, pointing to a tighter market if the exporter group refrains from raising output.
Australia's big banks search for new customers with cut price fixed loans
Australia and New Zealand Banking Group cut fixed mortgage rates on Friday, the last of the country’s growth-starved big banks to do so in recent weeks as they chase new customers amid lower funding costs.
Malaysia joins Asia easing cycle with quarter-point rate cut
Malaysia’s central bank cut its benchmark interest rate for the first time since July 2016, seeking to support the economy as global risks mount.
Sources: BoJ to cut price forecasts, keep rosy economic view
The Bank of Japan (BoJ) is expected to cut its inflation forecasts at next week’s rate review, sources say, a sign slumping oil prices and a darkening global economic outlook are heightening challenges for hitting its ambitious two percent target.
Iran won’t discuss its OPEC quota while under sanctions
OPEC works on deal to cut output by 1.3m bpd
IKEA targets big cut in greenhouse gas emissions from production
IKEA, the world’s biggest furniture group, pledged on Friday to cut greenhouse gas emissions from its production by 80 percent in absolute terms by 2030 from their levels two years ago.
OPEC+ discusses oil supply cut of up to 1.4m bpd
OPEC and its partners are discussing a proposal to cut oil output by up to 1.4 million barrels per day (bpd) for 2019, three sources familiar with the issue said, a larger reduction than previously thought to avert a price-sapping oversupply.
Rocket-maker ArianeGroup to cut 2,300 jobs
European aerospace and defense firm ArianeGroup is to cut 2,300 jobs by 2022 as orders tumble and development of a new rocket nears its end, management said on Monday.
Iran urges cutting terrorists' financial channels
Iran on Wednesday called for cutting the channels of financial support for terrorist groups, criticizing certain states for financial, political, logistical and ideological support of the terrorists, IRNA reported.

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