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The purchasing managers index in the UK services sector fell in October to 52.2 points from 53.9 points in the previous month, according to IHS Markit. The rate was the lowest since March of this year. Economists had expected the index to drop to 53.4 points. The growth of business activity in the services sector was negatively affected by such factors as economic uncertainty and a slowdown in the growth rate of new orders. Chris Williamson, chief business economist at IHS Markit, noted that survey participants expressed concern about the uncertainty connected with Brexit, as well as about trade wars and tightening financial conditions.
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 ...
SensorTower announced on Wednesday that Apple (AAPL) removed more than 2,500 games from the China App Store in the first week of July. The move came after the U.S. tech giant closed a loophole to comply with China’s license requirements. Apple ...
Oil prices traded lower in Asia earlier on Monday, a few days before OPEC’s technical meeting scheduled on Wednesday. Investors are expecting that OPEC would further recommend the easing of its current supply cuts in a bid to reverse ...
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
On Monday, United Airlines (UAL.O) announced that it would continue adding more flights for international routes in September. The airline company plans to reintroduce flights that were canceled due to coronavirus pandemic. United Airlines ...
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