Sat, 24 Jul 2021

MEXICO CITY -- Mexican businesses have sufficient resources to meet their debt obligations until 2022, as the country's economy recovers from the collapse caused by the COVID-19 pandemic, the rating agency Moody's Investors Service said on Thursday.

In a corporate analysis of Mexico, the agency pointed out that the majority of the country's businesses face some foreign exchange risk, but in general exposure is low because most of their earnings are recorded in foreign currency.

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DALIAN -- China on Friday started the trading of palm oil options at the Dalian Commodity Exchange (DCE) and allowed overseas investors to participate, marking another step in the country's financial opening-up push.

The move made palm oil options the first yuan-denominated options contracts listed in China open to overseas investors, the DCE said.

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ANKARA -- Turkish central bank on Thursday kept its policy interest rate unchanged at 19 percent for the third month in a row.

The bank explained in a statement that it is still cautious for an expectation of high inflation and will continue to adopt a monetary policy with "a strong disinflationary effect."

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BRUSSELS -- Annual inflation in the European Union (EU) continued to rise in May, reaching 2.3 percent, up from 2 percent in April, according to final data issued by the EU's statistical office, Eurostat, on Thursday.

Eurostat said the lowest annual rates were registered in Greece (-1.2 percent), Malta (0.2 percent) and Portugal (0.5 percent). The highest annual rates were recorded in Hungary (5.3 percent), Poland (4.6 percent) and Luxembourg (4 percent).

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