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The economy of Canada shrank in December by 0.1%, just as in November, official statistics showed. Experts had not anticipated a change in the indicator. Regarding the last month of 2017, the economy of Canada showed an increase of 1.1%. Manufacturing companies reduced production by 0.7%. In the wholesale trade, an increase of 0.4% was observed. The results of the fourth quarter showed the GDP growth by 0.1% compared to the previous quarter, noting the lowest growth rates since the second quarter of 2016. Relative to the same quarter of the previous year, economic growth slowed to 0.4% from a 2% a quarter earlier. In the last quarter of last year, the minimum from 2015 increase in consumer spending was also recorded - by 0.7%.
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 ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
KYC Policy