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The business activity index in the services sector of India fell in September to the lowest in 4 months value of 50.9 points compared to 51.5 points in August, according to IHS Markit. The decline was due to low demand in the services sector. The joint production index in industry and services dropped to 51.6 points from 51.9 points. This indicator also became the lowest in the last 4 months. The activity of the service sector has declined due to a long period of stagnation in the new business. In addition, rising prices increased fuel costs. A strong dollar put pressure on the value of imported goods. However, the number of staff companies has grown for the 13th month in a row.
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 ...
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 ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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 ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
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