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The index of German entrepreneurs' confidence in the economy of the country in June 2018 decreased to 101.8 points from 102.3 points in May, calculations of the research institute Ifo showed. The decrease in the indicator is due to the growth of trade risks connected with the escalation of trade tension between the US and China, and ambiguous economic data. Analysts had expected the index to fall to 101.7 points. Weakened activity was observed in the manufacturing sector, services, trade and construction. According to the Ifo economist, Klaus Wolfrab, the German economy is moving towards normalization after the boom last year.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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 ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
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