According to Caixin/Marlit, the index of business activity in the manufacturing sector of China in April kept the value of April at 50.2 points, exceeding the experts' forecast of 50 points. Thus, in the country there is a further increase in production activity due to the acceleration of the growth of new orders. Chinese companies that took part in the May survey indicated a renewed growth in new export orders amid growing external demand and the launch of new products. Chinese manufacturers have slightly reduced the number of staff, which has been observed for two months in a row. In addition, there was a slight increase in average purchase prices in the manufacturing sector. Fears, exacerbated by the escalation of the trade war between the United States and China, weakened business relations in the manufacturing sector to its lowest level since April 2012.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...