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In Hong Kong, an insignificant weakening of inflation was recorded in August, finversia.ru writes. According to the Census Statistics Department, last month consumer prices in annual terms increased by 2.3%, while analysts had expected the rise of 2.4%. In August last year, the price increase was 2.4%. Core inflation in August was 2.6%, getting down from 2.7% a year earlier. Food products rose in annual terms by 4.5%, utilities - by 3.4%. At the same time, in August, prices for durable goods were down by 1.9%. According to government estimates, inflation in the coming months will be insignificant.
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 ...
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 ...
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 ...
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 ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
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