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National Bureau of Statistics of China has published two reports for April. According to the first report, the producer price index in the country grew by 0.9% compared with the same month a year earlier. Its growth rates were the highest since December 2018, helped by an increase in oil and gas prices. In March, industrial inflation was at 0.4%. Economists had expected it to be 0.6% in April. Basically, the rise in producer prices was due to an increase in iron ore production, prices for which rose by 10.6% against a rise of 5.8% in March. Compared to the previous month, producer prices increased in April by 0.3%. The second report showed that consumer prices in China increased by 2.5% in annual terms in April after rising 2.3% a month earlier. April's growth was the highest in six months, confirming the forecasts of experts. Relative to the previous month, consumer prices increased by 0.1% after falling 0.4% in March.
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 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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 ...
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