Xinhua world economic news summary at 0900 GMT, Sept. 30

WASHINGTON — U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin on Tuesday discussed an updated relief package newly proposed by House Democrats amid growing doubts about the two sides’ willingness and ability to break the impasse.

Pelosi and Mnuchin spoke by phone at 9:30 a.m. (1330 GMT) for approximately 50 minutes, according to Drew Hammill, spokesman and deputy chief of staff for the House speaker. (US-Democrats-Relief Talks)

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BANGKOK — The Thai cabinet agreed on Tuesday to borrow 1.47 trillion baht (47.4 billion U.S. dollars) from the Asian Development Bank (ADB) to revive the country’s economy ravaged by the COVID-19 pandemic.

The fund will be used to finance various economic stimulus programs, budget deficit, infrastructure investments and bailout of pandemic-hit state enterprises, according to the Thai Government House statement. (Thailand-ADB-Loan)

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QUITO — Ecuadorian President Lenin Moreno on Tuesday called for a moratorium on the foreign debt of the world’s poorest countries to be extended beyond 2020 in the wake of the COVID-19 pandemic.

“We propose to extend the moratorium (expiration) date beyond this year, since new deadlines would be of great help to the shattered economies,” Moreno told a high-level United Nations (UN) event on financing for development in the era of COVID-19 and beyond. (Ecuador-UN-Foreign Debt)

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OTTAWA — Prices for products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose 0.3 percent in August, Statistics Canada said Tuesday.

The IPPI posted a fourth consecutive monthly increase in August. Excluding energy and petroleum products, the IPPI rose 0.4 percent. (Canada-Products-Prices)

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