Xinhua world economic news summary at 0900 GMT, Feb. 13

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NEW YORK -- The New York Stock Exchange (NYSE) wants to continue to do business with the Chinese community though some Chinese companies chose to have dual listing or go private, according to an executive at NYSE.

"Our relationship with China hasn't changed, and we will hope to continue to be there and continue to do business with the Chinese communities," said Alex Ibrahim, head of international capital markets at NYSE, on Thursday. (US-China-NYSE)

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HOUSTON -- The number of active drilling rigs in the United States increased by five to 397 rigs this week, down by 393 year on year, according to the weekly data released Friday by Houston-based oilfield services company Baker Hughes.

These active drilling rigs included 306 oil rigs operating in the U.S. oil fields, up by seven from the previous week; 90 gas drilling rigs, down by two from the previous week; and one miscellaneous rigs, unchanged from last week. (US-Rig-Count)

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OTTAWA -- Canada's Industrial Product Price Index (IPPI) rose 1.9 percent in January 2021, according to Statistics Canada on Friday.

Excluding energy and petroleum products, the IPPI rose 1.4 percent in the month. (Canada-IPPI)

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WASHINGTON -- The U.S. Federal Reserve on Friday released the hypothetical scenarios for its stress tests this year that will apply to the country's largest 19 banks.

"The hypothetical recession begins in the first quarter of 2021 and features a severe global downturn with substantial stress in commercial real estate and corporate debt markets," the Fed said in a statement. (U.S. Fed-Stress Tests) Enditem

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