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In April, the UK did not record an increase in industrial orders after slowing their growth during the first three months of 2018, the results of the monthly survey of the Confederation of British Industry showed. The order book indicator of CBI remained at a 5-month low of +4 above its long-term average. Economists had expected it to increase to +6. The production growth on a quarterly basis weakened in April. The balance of quarterly orders of CBI fell from +23 in January to +14. CBI chief economist, Rein Newton-Smith, noted that British producers “continued to enjoy the fruits of stronger growth in Europe and of a lower pound sterling rate”.
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 ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
Alphabet Inc.’s Google (GOOGL) said on Monday that it would not use Fitbit Inc.’s (FIT) health data to target advertisements in an attempt to address the European Union’s antitrust concerns about its proposed acquisition ...
On Monday, German payment service provider Wirecard (WDI) said that the 1.9 billion Euros ($2.1 billion), which were supposed to be held in two accounts, probably do not exist. "The Management Board of Wirecard assesses on the basis of further ...
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