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In June, industrial production in Brazil grew by 13.1% compared to the previous month, when the index fell by 11%, according to the data of the Brazilian Institute of Geography and Statistic. The June figure rose by a record amount, as the nationwide strike of truck drivers ended, caused by a sharp jump in diesel prices. According to experts, about 64% of all goods in Brazil are transported by trucks. The record growth of the indicator in June, however, did not justify the forecast of analysts who had expected an increase of 14.1%. In annual terms, industrial production in Brazil grew by 3.5% after a decline of 6.6% in May.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
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 ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
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 ...
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