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Xinhua world economic news summary at 0900 GMT, Dec. 12

0 Comment(s)Print E-mail Xinhua, December 12, 2023
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NEW YORK -- The U.S. dollar stayed nearly flat in late trading on Monday, as investors were waiting for the U.S. Consumer Price Index (CPI) on Tuesday and the U.S. Federal Reserve (Fed) rate call on Wednesday.

The dollar index, which measures the greenback against six major peers, increased 0.08 percent to 104.0952 in late trading. (US-Dollar)

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TOKYO -- Japan's producer prices rose 0.3 percent in November from a year earlier, marking the smallest increase since February 2021, the Bank of Japan (BOJ) said Tuesday.

The producer price index, which measures costs of goods traded between businesses, rose for 33 months in a row, but the pace of growth has been slowing for 11 straight months after peaking at 10.6 percent last December, according to the BOJ. (Japan-Producer Prices)

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MANILA -- The Asian Development Bank (ADB) on Tuesday said it has approved a 32-million-U.S. dollar financing package to strengthen Laos' response to climate change and improve the livelihoods of agricultural communities in Vientiane and the central provinces of Bolikhamxai and Khammouan.

The ADB said the Flood and Drought Mitigation and Management Sector Project will help Laos in its efforts to reduce financial and economic losses from floods and droughts and enhance dietary diversity. (Philippines-ADB Loan-Laos)

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KIEV -- Ukraine's gross domestic product (GDP) expanded by 9.3 percent year on year in the third quarter of 2023, the State Statistics Service said on Monday.

On a quarterly basis, the Ukrainian economy grew by 0.7 percent in the July-September period compared with the previous quarter, the statistical agency said in a report. (Ukraine-GDP)

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CANBERRA -- Australia's national science agency has announced research grants for five cutting-edge quantum research projects.

The Commonwealth Scientific and Industrial Research Organisation (CSIRO) on Tuesday granted five projects a combined 3.6 million Australian dollars (2.3 million U.S. dollars) in funding to pursue research that solves industry challenges while growing the country's quantum technology industry. (Canberra-Australia-quantum technology)

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