In March, the PMI index in the processing industry of China was at the level of 50.8 points, reported the National Bureau of Statistics of the country. Its value returned to the level above 50 points after the February drop to 49.2 points, the minimum value for 3 years, and exceeded the forecasts of experts who had expected it at the level of 49.6 points. In February, the weakening of activity was due to the celebration of the new year according to the lunar calendar. The indicator characterizing the state of new orders amounted to 50.6 points last month, having risen from 49.6 points. At the same time, the indicator of new export orders showed a decrease to 45.2 points from 46.9 points. The PMI in services and construction in China reached a maximum of 54.8 points in March, up from 54.3 points a month earlier.
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 ...
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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 ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...