Xinhua’s global economic news summary at 10:30 a.m. GMT on September 5


SANTIAGO – The Latin America and the Caribbean region will experience economic growth of 5.9% in 2021 amid a pandemic that has exacerbated long-standing structural problems in the region, said the United Nations Economic Commission for Latin America and the Caribbean.

In its report entitled “Economic Survey of Latin America and the Caribbean 2021: Labor dynamics and employment policies for a sustainable and inclusive recovery beyond the COVID-19 crisis”, the organization predicted a slowdown for 2022, with an expansion of 2.9%. (Chile-ECLAC-Economy)

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TRIPOLI – The Libyan National Oil Corporation (NOC) on Saturday announced the end of the division of the oil sector between eastern and western Libya by merging all employees of the eastern-based parallel company into the company based in Tripoli.

Prime Minister Abdul Hamid Dbeibah hailed the end of the NOC division, describing it as “a great achievement for the country’s most important sector and the only source of income”. (Libya-oil company)

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NEW YORK – US stocks posted mixed results for the week, with Wall Street analyzing plenty of economic data.

For the week ending Friday, the Dow Jones fell 0.2%, while the S&P 500 and Nasdaq gained 0.6% and 1.5%, respectively. (US-Actions)

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WASHINGTON – Global investment giants are showing continued confidence in China, saying recent regulatory measures adopted by Chinese authorities are “necessary,” according to a recent CNN analysis.

In the article examining responses to a list of measures taken by China to regulate the market, CNN found that “some of the biggest names in asset management say it’s always a good time to invest.” (US-China-Investment)


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