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The service sector of China in February showed the lowest growth rate of business activity since October 2018. According to Markit/Caixin, the PMI index was 51.1 points against 53.6 points a month earlier. The main negative factor affecting its dynamics was the slowdown in the growth of new orders to the lowest level since October 2018 due to the weakening of internal and external demand. The number of new export orders rose in February at the slowest pace in 5 months. Companies have created a small number of new jobs. The growth of their operating expenses was moderate. For 4 months, business activity in the manufacturing sector and the service sector grew at the slowest pace. The corresponding composite index was 50.7 points, down from 50.9 points in January.
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