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Business activity in the processing industry of China remained weak in June. According to official data, the corresponding PMI did not rise above 50 points, retaining the value of May at 49.4 points. Thus, the weakening of activity is observed for two months in a row. Experts had expected the index to increase to 49.5 points. Major manufacturing companies recorded a drop in PMI to 49.9 points from 50.3 points in May. In medium-sized enterprises, the index rose to 49.1 points from 48.8 points. The PMI of small firms was 48.3 points, up from 47 points a month earlier. The indicator characterizing the level of new orders dropped to 49.6 points from 49.8 points. Growth in export orders was also weak, as indicated by a decrease in the corresponding indicator to 46.3 points from 46.5 points.
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 ...
KYC Policy