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The composite index of business activity in the industrial and service sectors of the eurozone amounted to 51.4 points in February, having risen from 51 points in January, Markit Economics reported. Economists had expected the growth of the index to be less significant - up to 51.1 points. The service sector showed an increase in activity to 52.3 points from 51.2 points. According to experts, the index was expected to grow in this area to 51.5%. At the same time, a decline in activity was observed in the eurozone industry. The corresponding index dropped to 49.2 points from 50.5 points, noting the lowest value in 5 years and 8 months.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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 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 ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
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