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U.S. Treasury Secretary Janet Yellen said on Thursday that G7 finance ministers will discuss their concerns about China's excess industrial capacity and potential responses, adding that without policy changes in Beijing their economies will be hit with a flood of cheap Chinese goods. "This week will be a key opportunity to discuss how China’s macroeconomic ...
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Business activity rose in Germany for the second month running and at a faster rate in May, the latest HCOB ‘flash’ PMI survey compiled by S&P Global showed. Alongside stronger growth in the service sector, manufacturing output moved closer to stabilisation. There was also a pick-up in hiring activity as firms reported stronger demand and greater optimism ...
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