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Economic News Headlines

Philly Fed business index rises more than expected in January

The Philadelphia Federal Reserve said on Thursday its barometer on U.S. Mid-Atlantic business activity increased more than forecast in January, suggesting resilience in the region's manufacturing sector amid trade tensions between China and the United States.

South Africa's central bank leaves repo rate at 6.75 percent

South Africa's central bank kept its benchmark repo rate unchanged as expected at 6.75 percent on Thursday, saying it had taken note of an improvement in the near-term inflation outlook but overall risks to the outlook were moderately on the upside.

SNB's Jordan warns of impact from chaotic Brexit

A British departure from the European Union without a deal could hurt international trade, trigger turbulence on the currency markets and hit Switzerland, Swiss National Bank Chairman Thomas Jordan said on Wednesday.

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